Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09284799 Mrs Michele Nocera Mr Adriano Nocera iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09284799 2023-10-31 09284799 2024-10-31 09284799 2023-11-01 2024-10-31 09284799 frs-core:CurrentFinancialInstruments 2024-10-31 09284799 frs-core:Non-currentFinancialInstruments 2024-10-31 09284799 frs-core:BetweenOneFiveYears 2024-10-31 09284799 frs-core:ComputerEquipment 2024-10-31 09284799 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09284799 frs-core:ComputerEquipment 2023-10-31 09284799 frs-core:FurnitureFittings 2024-10-31 09284799 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09284799 frs-core:FurnitureFittings 2023-10-31 09284799 frs-core:MotorVehicles 2024-10-31 09284799 frs-core:MotorVehicles 2023-11-01 2024-10-31 09284799 frs-core:MotorVehicles 2023-10-31 09284799 frs-core:PlantMachinery 2024-10-31 09284799 frs-core:PlantMachinery 2023-11-01 2024-10-31 09284799 frs-core:PlantMachinery 2023-10-31 09284799 frs-core:WithinOneYear 2024-10-31 09284799 frs-core:ShareCapital 2024-10-31 09284799 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09284799 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09284799 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09284799 frs-bus:SmallEntities 2023-11-01 2024-10-31 09284799 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09284799 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09284799 frs-bus:Director1 2023-11-01 2024-10-31 09284799 frs-bus:Director2 2023-11-01 2024-10-31 09284799 frs-core:CurrentFinancialInstruments 1 2024-10-31 09284799 frs-countries:EnglandWales 2023-11-01 2024-10-31 09284799 2022-10-31 09284799 2023-10-31 09284799 2022-11-01 2023-10-31 09284799 frs-core:CurrentFinancialInstruments 2023-10-31 09284799 frs-core:Non-currentFinancialInstruments 2023-10-31 09284799 frs-core:BetweenOneFiveYears 2023-10-31 09284799 frs-core:WithinOneYear 2023-10-31 09284799 frs-core:ShareCapital 2023-10-31 09284799 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09284799 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 09284799
Allbright Property Maintenance Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09284799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 76,902 95,127
76,902 95,127
CURRENT ASSETS
Stocks 5 5,302 5,028
Debtors 6 46,705 52,875
Cash at bank and in hand 81,805 73,622
133,812 131,525
Creditors: Amounts Falling Due Within One Year 7 (76,313 ) (75,326 )
NET CURRENT ASSETS (LIABILITIES) 57,499 56,199
TOTAL ASSETS LESS CURRENT LIABILITIES 134,401 151,326
Creditors: Amounts Falling Due After More Than One Year 8 (55,414 ) (73,051 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,809 ) (6,409 )
NET ASSETS 73,178 71,866
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 73,176 71,864
SHAREHOLDERS' FUNDS 73,178 71,866
Page 1
Page 2
For the year ending 31 October 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 Michele Nocera
Director
Mr Adriano Nocera
Director
28/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Allbright Property Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09284799 . The registered office is Unit 4 Discovery Business Park, Broadway, Yaxley, Peterborough, PE7 3GX.
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 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33.33% straight line
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. 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.
Page 3
Page 4
2.6. 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 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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account 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: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 13,650 122,412 4,349 3,592 144,003
Additions 874 - - 2,416 3,290
Disposals (1,516 ) - - (1,333 ) (2,849 )
As at 31 October 2024 13,008 122,412 4,349 4,675 144,444
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2023 8,084 34,608 2,592 3,592 48,876
Provided during the period 1,133 17,561 351 361 19,406
Disposals (740 ) - - - (740 )
As at 31 October 2024 8,477 52,169 2,943 3,953 67,542
Net Book Value
As at 31 October 2024 4,531 70,243 1,406 722 76,902
As at 1 November 2023 5,566 87,804 1,757 - 95,127
5. Stocks
2024 2023
£ £
Finished goods 5,302 5,028
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,335 49,421
Other debtors 9,370 3,454
46,705 52,875
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,815 7,815
Trade creditors 31,425 21,282
Bank loans and overdrafts 9,911 15,707
Other taxes and social security 22,588 23,170
Net wages 3,877 6,232
Other creditors 543 1,120
Pension creditor 154 -
76,313 75,326
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,403 57,218
Bank loans 6,011 15,833
55,414 73,051
Page 5
Page 6
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 57,218 65,033
Bank loans and overdrafts 15,922 31,540
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,815 7,815
Later than one year and not later than five years 49,403 57,218
57,218 65,033
57,218 65,033
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £153.60 (2023:£Nil) were due to the fund.
Page 6