Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11120439 Mr Michael Ingall Mr Frederick Graham-Watson Mr Suresh Gorasia Mr Jonathan Raine Manchester Quays Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11120439 2022-12-31 11120439 2023-12-31 11120439 2023-01-01 2023-12-31 11120439 frs-core:CurrentFinancialInstruments 2023-12-31 11120439 frs-core:BetweenOneFiveYears 2023-12-31 11120439 frs-core:FurnitureFittings 2023-12-31 11120439 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11120439 frs-core:FurnitureFittings 2022-12-31 11120439 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11120439 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11120439 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11120439 frs-core:MoreThanFiveYears 2023-12-31 11120439 frs-core:PlantMachinery 2023-12-31 11120439 frs-core:PlantMachinery 2023-01-01 2023-12-31 11120439 frs-core:PlantMachinery 2022-12-31 11120439 frs-core:WithinOneYear 2023-12-31 11120439 frs-core:ShareCapital 2023-12-31 11120439 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11120439 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11120439 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11120439 frs-bus:SmallEntities 2023-01-01 2023-12-31 11120439 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11120439 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11120439 1 2023-01-01 2023-12-31 11120439 frs-bus:Director1 2023-01-01 2023-12-31 11120439 frs-bus:Director2 2023-01-01 2023-12-31 11120439 frs-bus:Director3 2023-01-01 2023-12-31 11120439 frs-bus:Director4 2023-01-01 2023-12-31 11120439 1 2023-01-01 2023-12-31 11120439 frs-countries:EnglandWales 2023-01-01 2023-12-31 11120439 2021-12-31 11120439 2022-12-31 11120439 2022-01-01 2022-12-31 11120439 frs-core:CurrentFinancialInstruments 2022-12-31 11120439 frs-core:BetweenOneFiveYears 2022-12-31 11120439 frs-core:MoreThanFiveYears 2022-12-31 11120439 frs-core:WithinOneYear 2022-12-31 11120439 frs-core:ShareCapital 2022-12-31 11120439 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11120439 1 2022-01-01 2022-12-31
Registered number: 11120439
All Work and Social Bonded Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 11120439
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,691,875 2,867,271
2,691,875 2,867,271
CURRENT ASSETS
Stocks 5 9,764 9,156
Debtors 6 3,043,683 2,356,245
Cash at bank and in hand 502,065 718,587
3,555,512 3,083,988
Creditors: Amounts Falling Due Within One Year 7 (11,547,643 ) (10,264,536 )
NET CURRENT ASSETS (LIABILITIES) (7,992,131 ) (7,180,548 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,300,256 ) (4,313,277 )
NET LIABILITIES (5,300,256 ) (4,313,277 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (5,300,356 ) (4,313,377 )
SHAREHOLDERS' FUNDS (5,300,256) (4,313,277)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Suresh Gorasia
Director
20 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
All Work and Social Bonded Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11120439 . The registered office is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Financial Reporting Standard 102 section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. 
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 2.3).
2.2. Going Concern Disclosure
The directors have assessed the financial performance and note that as at 31 December 2023 the company had net liabilities of £5,300,256 (2022: £4,313,277) and made a loss after taxation for the financial year of £986,979 (2022: £755,357).
Management has undertaken a thorough group going concern review which has included forecasts from 12 months from signing date of the financial statements to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts. The forecasts included some sensitivity on the income obtained.
Whilst there is some uncertainty within any assumption, these financial statements have been prepared on a going concern basis, the board considers that the company will be able to continue to trade as a going concern and meet its liabilities as they fall due.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Term of the lease
Plant & Machinery 3 years straight line
Fixtures & Fittings 3 years straight line
2.6. Leasing and Hire Purchase Contracts
A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Their annual rents are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term. Reverse premiums and similar incentives received to enter into operating leases are released to the Statement of Comprehensive Income over the term of the lease.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Financial Instruments
Financial assets
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.
Financial liabilities and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
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2.9. Taxation

Deferred Taxation

Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except:

• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.

Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
2.10. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned. Grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Directors 4 4
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 2,998,157 - 839,342 3,837,499
Additions 47,803 16,139 19,004 82,946
As at 31 December 2023 3,045,960 16,139 858,346 3,920,445
Depreciation
As at 1 January 2023 329,240 - 640,988 970,228
Provided during the period 130,535 540 127,267 258,342
As at 31 December 2023 459,775 540 768,255 1,228,570
Net Book Value
As at 31 December 2023 2,586,185 15,599 90,091 2,691,875
As at 1 January 2023 2,668,917 - 198,354 2,867,271
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5. Stocks
2023 2022
£ £
Stock 9,764 9,156
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 492,765 452,190
Prepayments and accrued income 677,094 682,478
Other debtors 34,008 31,122
Amounts owed by group undertakings 1,839,816 1,180,161
Amounts owed by related parties - 10,294
3,043,683 2,356,245
Amounts owed by group undertakings and related parties are repayable upon demand and are not interest bearing.
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,542,814 776,153
Other creditors 336,474 217,313
Accruals and deferred income 5,787,152 6,095,472
Amounts owed to group undertakings 3,874,691 3,175,598
Amounts owed to related parties 6,512 -
11,547,643 10,264,536
Amounts owed to group undertakings and related parties are repayable upon demand and are not interest bearing.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Financial Instruments
The company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments at fair value through profit and loss.
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 1,500,000 1,500,000
Later than one year and not later than five years 6,000,000 6,000,000
Later than five years 22,204,918 23,704,918
29,704,918 31,204,918
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11. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are included in the consolidated financial statements of Capital Holdco Limited and are 100% owned.
Allied London Quay Street Two Limited
The directors of Allied London Quay Street Two Limited are also directors of All Work and Social Bonded Limited. As at 31 December 2023 the company owes £6,512 to Allied London Quay Street Two Limited (2022: £10,294 owed from Allied London Quay Street Two Limited).
12. Ultimate Controlling Party
The company's immediate parent company is Manchester Quays Limited . The ultimate parent company is Capital Holdco Limited, a holding company registered in the British Virgin Islands.
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