Acorah Software Products - Accounts Production 16.0.110 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09289153 Mr Patrick Riley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09289153 2022-10-31 09289153 2023-10-31 09289153 2022-11-01 2023-10-31 09289153 frs-core:CurrentFinancialInstruments 2023-10-31 09289153 frs-core:Non-currentFinancialInstruments 2023-10-31 09289153 frs-core:MotorVehicles 2023-10-31 09289153 frs-core:MotorVehicles 2022-11-01 2023-10-31 09289153 frs-core:MotorVehicles 2022-10-31 09289153 frs-core:ShareCapital 2023-10-31 09289153 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09289153 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09289153 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09289153 frs-bus:SmallEntities 2022-11-01 2023-10-31 09289153 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09289153 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09289153 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09289153 frs-bus:OrdinaryShareClass1 2023-10-31 09289153 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 09289153 frs-bus:OrdinaryShareClass2 2023-10-31 09289153 frs-bus:Director1 2022-11-01 2023-10-31 09289153 frs-countries:EnglandWales 2022-11-01 2023-10-31 09289153 2021-10-31 09289153 2022-10-31 09289153 2021-11-01 2022-10-31 09289153 frs-core:CurrentFinancialInstruments 2022-10-31 09289153 frs-core:Non-currentFinancialInstruments 2022-10-31 09289153 frs-core:ShareCapital 2022-10-31 09289153 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09289153 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31 09289153 frs-bus:OrdinaryShareClass2 2021-11-01 2022-10-31
Registered number: 09289153
Contract Assistance + Recovery Management Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09289153
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,506 15,632
12,506 15,632
CURRENT ASSETS
Stocks 5 4,786 -
Debtors 6 6,771 25,134
Cash at bank and in hand 52 45
11,609 25,179
Creditors: Amounts Falling Due Within One Year 7 (19,417 ) (36,466 )
NET CURRENT ASSETS (LIABILITIES) (7,808 ) (11,287 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,698 4,345
Creditors: Amounts Falling Due After More Than One Year 8 (1,597 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,970 ) (2,970 )
NET ASSETS 131 1,375
CAPITAL AND RESERVES
Called up share capital 9 105 105
Profit and Loss Account 26 1,270
SHAREHOLDERS' FUNDS 131 1,375
Page 1
Page 2
For the year ending 31 October 2023 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.
The financial statements were approved by the board of directors on 30 November 2024 and were signed on its behalf by:
Mr Patrick Riley
Director
30/11/2024
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
Contract Assistance + Recovery Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09289153 . The registered office is 1 Westfield Drive, Knutsford, WA16 0BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable excuse that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received received or receivable, excluding discounts, rebates, value added tax and other sales tax
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor Vehicles 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.6. 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.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2022 38,165
As at 31 October 2023 38,165
Depreciation
As at 1 November 2022 22,533
Provided during the period 3,126
As at 31 October 2023 25,659
Net Book Value
As at 31 October 2023 12,506
As at 1 November 2022 15,632
5. Stocks
2023 2022
£ £
Work in progress 4,786 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 25,134
Other debtors 6,771 -
6,771 25,134
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 12,796 27,715
Taxation and social security 6,621 8,751
19,417 36,466
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 1,597 -
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9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
5 Ordinary A shares of £ 1.00 each 5 5
105 105
10. Related Party Transactions
At the year end P Riley, the director, owed the company £6,522 (2022: £0) for an overdrawn directors loan account.
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