Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 01033748 Mr Tabarak Sadik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01033748 2023-01-31 01033748 2024-01-31 01033748 2023-02-01 2024-01-31 01033748 frs-core:CurrentFinancialInstruments 2024-01-31 01033748 frs-core:Non-currentFinancialInstruments 2024-01-31 01033748 frs-core:BetweenOneFiveYears 2024-01-31 01033748 frs-core:ComputerEquipment 2024-01-31 01033748 frs-core:ComputerEquipment 2023-02-01 2024-01-31 01033748 frs-core:ComputerEquipment 2023-01-31 01033748 frs-core:FurnitureFittings 2024-01-31 01033748 frs-core:FurnitureFittings 2023-02-01 2024-01-31 01033748 frs-core:FurnitureFittings 2023-01-31 01033748 frs-core:MotorVehicles 2024-01-31 01033748 frs-core:MotorVehicles 2023-02-01 2024-01-31 01033748 frs-core:MotorVehicles 2023-01-31 01033748 frs-core:WithinOneYear 2024-01-31 01033748 frs-core:CapitalRedemptionReserve 2024-01-31 01033748 frs-core:ShareCapital 2024-01-31 01033748 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 01033748 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 01033748 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 01033748 frs-bus:SmallEntities 2023-02-01 2024-01-31 01033748 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 01033748 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 01033748 frs-core:UnlistedNon-exchangeTraded 2024-01-31 01033748 frs-core:UnlistedNon-exchangeTraded 2023-01-31 01033748 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 01033748 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 01033748 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 01033748 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 01033748 frs-bus:Director1 2023-02-01 2024-01-31 01033748 frs-countries:EnglandWales 2023-02-01 2024-01-31 01033748 2022-01-31 01033748 2023-01-31 01033748 2022-02-01 2023-01-31 01033748 frs-core:CurrentFinancialInstruments 2023-01-31 01033748 frs-core:Non-currentFinancialInstruments 2023-01-31 01033748 frs-core:BetweenOneFiveYears 2023-01-31 01033748 frs-core:WithinOneYear 2023-01-31 01033748 frs-core:CapitalRedemptionReserve 2023-01-31 01033748 frs-core:ShareCapital 2023-01-31 01033748 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 01033748
Brand Russell Chemists Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01033748
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 7,685 39,957
Investments 4 1,000 1,000
8,685 40,957
CURRENT ASSETS
Stocks 5 92,500 99,570
Debtors 6 677,969 758,765
Cash at bank and in hand 44,203 16,135
814,672 874,470
Creditors: Amounts Falling Due Within One Year 7 (253,405 ) (274,474 )
NET CURRENT ASSETS (LIABILITIES) 561,267 599,996
TOTAL ASSETS LESS CURRENT LIABILITIES 569,952 640,953
Creditors: Amounts Falling Due After More Than One Year 8 (23,548 ) (60,423 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,902 ) (1,902 )
NET ASSETS 544,502 578,628
CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 50 50
Profit and Loss Account 544,402 578,528
SHAREHOLDERS' FUNDS 544,502 578,628
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Tabarak Sadik
Director
11/10/2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. 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:
Motor Vehicles 15% reducing balance method
Fixtures & Fittings 15% reducing balance method
Computer Equipment 15% reducing balance method
1.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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1.5. 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.
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
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3. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 64,428 110,110 39,264 213,802
Additions 4,888 - - 4,888
Disposals (64,428 ) - - (64,428 )
As at 31 January 2024 4,888 110,110 39,264 154,262
Depreciation
As at 1 February 2023 28,883 107,098 37,864 173,845
Provided during the period 733 603 280 1,616
Disposals (28,884 ) - - (28,884 )
As at 31 January 2024 732 107,701 38,144 146,577
Net Book Value
As at 31 January 2024 4,156 2,409 1,120 7,685
As at 1 February 2023 35,545 3,012 1,400 39,957
4. Investments
Unlisted
£
Cost
As at 1 February 2023 1,000
As at 31 January 2024 1,000
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 1,000
As at 1 February 2023 1,000
5. Stocks
2024 2023
£ £
Materials 92,500 99,570
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,938 72,816
Amounts owed by group undertakings 588,375 666,262
Other debtors 25,656 19,687
677,969 758,765
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 6,370
Trade creditors 101,991 123,484
Bank loans and overdrafts 6,312 6,312
Other creditors 108,540 111,576
Taxation and social security 36,562 26,732
253,405 274,474
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 25,825
Bank loans 23,548 34,598
23,548 60,423
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 6,370
Later than one year and not later than five years - 25,825
- 32,195
- 32,195
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
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11. Related Party Transactions
Debtors include amount due from Group undertakings of £570,226 (2023: £572,830) relates to 100% Parent VIVO Healthcare Ltd
Debtors include amount due from Subsidiaries of £18,149 (2023: £93,432) relats to 100% Subsidiary Brex Medical Supplied Ltd
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