Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11767025 Mr Boran Narman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11767025 2023-01-31 11767025 2024-01-31 11767025 2023-02-01 2024-01-31 11767025 frs-core:CurrentFinancialInstruments 2024-01-31 11767025 frs-core:Non-currentFinancialInstruments 2024-01-31 11767025 frs-core:BetweenOneFiveYears 2024-01-31 11767025 frs-core:ComputerEquipment 2024-01-31 11767025 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11767025 frs-core:ComputerEquipment 2023-01-31 11767025 frs-core:MotorVehicles 2024-01-31 11767025 frs-core:MotorVehicles 2023-02-01 2024-01-31 11767025 frs-core:MotorVehicles 2023-01-31 11767025 frs-core:PlantMachinery 2024-01-31 11767025 frs-core:PlantMachinery 2023-02-01 2024-01-31 11767025 frs-core:PlantMachinery 2023-01-31 11767025 frs-core:WithinOneYear 2024-01-31 11767025 frs-core:ShareCapital 2024-01-31 11767025 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11767025 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11767025 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11767025 frs-bus:SmallEntities 2023-02-01 2024-01-31 11767025 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11767025 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11767025 frs-bus:Director1 2023-02-01 2024-01-31 11767025 frs-core:CurrentFinancialInstruments 1 2024-01-31 11767025 frs-countries:EnglandWales 2023-02-01 2024-01-31 11767025 2022-01-31 11767025 2023-01-31 11767025 2022-02-01 2023-01-31 11767025 frs-core:CurrentFinancialInstruments 2023-01-31 11767025 frs-core:Non-currentFinancialInstruments 2023-01-31 11767025 frs-core:BetweenOneFiveYears 2023-01-31 11767025 frs-core:WithinOneYear 2023-01-31 11767025 frs-core:ShareCapital 2023-01-31 11767025 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 11767025 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 11767025
Concept BN Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11767025
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 341,574 400,423
341,574 400,423
CURRENT ASSETS
Debtors 5 732,715 853,906
Cash at bank and in hand 103,779 862,775
836,494 1,716,681
Creditors: Amounts Falling Due Within One Year 6 (329,949 ) (598,736 )
NET CURRENT ASSETS (LIABILITIES) 506,545 1,117,945
TOTAL ASSETS LESS CURRENT LIABILITIES 848,119 1,518,368
Creditors: Amounts Falling Due After More Than One Year 7 (147,166 ) (244,119 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,993 ) (43,263 )
NET ASSETS 660,960 1,230,986
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 660,860 1,230,886
SHAREHOLDERS' FUNDS 660,960 1,230,986
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 Boran Narman
Director
22/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Concept BN Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11767025 . The registered office is 528 Sheffield Road, Chesterfield, S41 8LP.
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 15% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. 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.
2.5. 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 year 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 asset reflects 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: . 40 (2023: 65)
40 65
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 129,122 405,205 7,408 541,735
Additions 1,716 45,000 9,200 55,916
Disposals - (20,780 ) - (20,780 )
As at 31 January 2024 130,838 429,425 16,608 576,871
Depreciation
As at 1 February 2023 33,114 105,756 2,442 141,312
Provided during the period 14,659 84,081 3,542 102,282
Disposals - (8,297 ) - (8,297 )
As at 31 January 2024 47,773 181,540 5,984 235,297
Net Book Value
As at 31 January 2024 83,065 247,885 10,624 341,574
As at 1 February 2023 96,008 299,449 4,966 400,423
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 732,715 623,145
Other debtors - CIS - 224,761
Other debtors - loan - 6,000
732,715 853,906
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,352 21,645
Trade creditors 12,000 -
Bank loans and overdrafts 37,000 37,000
Corporation tax 97,326 336,200
Other taxes and social security 31,150 -
VAT 45,399 159,243
Net wages 52,128 38,653
...CONTINUED
Page 4
Page 5
Other creditors - Pension 3,556 4,133
Accruals and deferred income 1,925 1,775
Director's loan account 113 87
329,949 598,736
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 63,916 123,869
Bank loans 83,250 120,250
147,166 244,119
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 49,352 21,645
Later than one year and not later than five years 63,916 123,869
113,268 145,514
113,268 145,514
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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