Acorah Software Products - Accounts Production 15.0.600 false true false 22 February 2023 29 February 2024 29 February 2024 14681607 Mr Scott Richardson Mrs Helen Thomas-O'Brien iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14681607 2023-02-21 14681607 2024-02-29 14681607 2023-02-22 2024-02-29 14681607 frs-core:CurrentFinancialInstruments 2024-02-29 14681607 frs-core:ComputerEquipment 2024-02-29 14681607 frs-core:ComputerEquipment 2023-02-22 2024-02-29 14681607 frs-core:ComputerEquipment 2023-02-21 14681607 frs-core:PlantMachinery 2024-02-29 14681607 frs-core:PlantMachinery 2023-02-22 2024-02-29 14681607 frs-core:PlantMachinery 2023-02-21 14681607 frs-core:ShareCapital 2024-02-29 14681607 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14681607 frs-bus:PrivateLimitedCompanyLtd 2023-02-22 2024-02-29 14681607 frs-bus:FilletedAccounts 2023-02-22 2024-02-29 14681607 frs-bus:SmallEntities 2023-02-22 2024-02-29 14681607 frs-bus:AuditExempt-NoAccountantsReport 2023-02-22 2024-02-29 14681607 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-22 2024-02-29 14681607 frs-bus:Director1 2023-02-22 2024-02-29 14681607 frs-bus:Director2 2023-02-22 2024-02-29 14681607 frs-countries:EnglandWales 2023-02-22 2024-02-29
Registered number: 14681607
Or Group Ltd
Unaudited Financial Statements
For the Period 22 February 2023 to 29 February 2024
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14681607
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,897
2,897
CURRENT ASSETS
Stocks 5 3,983
Debtors 6 3,657
Cash at bank and in hand 2,975
10,615
Creditors: Amounts Falling Due Within One Year 7 (17,717 )
NET CURRENT ASSETS (LIABILITIES) (7,102 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,205 )
NET LIABILITIES (4,205 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (4,206 )
SHAREHOLDERS' FUNDS (4,205)
Page 1
Page 2
For the period ending 29 February 2024 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 Profit and Loss Account.
On behalf of the board
Mrs Helen Thomas-O'Brien
Director
18/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Or Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14681607 . The registered office is 4 Charlton Village Road, Charlton, Wantage, OX12 7HD.
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 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.
2.2. 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.
2.3. 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:
Plant & Machinery 25% Reducing Balance
Computer Equipment 25% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 22 February 2023 - - -
Additions 3,432 431 3,863
As at 29 February 2024 3,432 431 3,863
Depreciation
As at 22 February 2023 - - -
Provided during the period 858 108 966
As at 29 February 2024 858 108 966
...CONTINUED
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Net Book Value
As at 29 February 2024 2,574 323 2,897
As at 22 February 2023 - - -
5. Stocks
29 February 2024
£
Stock 3,983
6. Debtors
29 February 2024
£
Due within one year
Prepayments and accrued income 3,341
VAT 316
3,657
7. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Trade creditors 5,111
Accruals and deferred income 840
Directors' loan accounts 11,766
17,717
The directors loan balance owed by the Company is unsecured, interest free and repayable when cashflow permits.
8. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 1
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