Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05800093 Mr Christian Bowerman Mr Paul Tedder the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05800093 2023-10-31 05800093 2024-10-31 05800093 2023-11-01 2024-10-31 05800093 frs-core:CurrentFinancialInstruments 2024-10-31 05800093 frs-core:Non-currentFinancialInstruments 2024-10-31 05800093 frs-core:BetweenOneFiveYears 2024-10-31 05800093 frs-core:ComputerEquipment 2024-10-31 05800093 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05800093 frs-core:ComputerEquipment 2023-10-31 05800093 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 05800093 frs-core:FurnitureFittings 2024-10-31 05800093 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05800093 frs-core:FurnitureFittings 2023-10-31 05800093 frs-core:MotorVehicles 2024-10-31 05800093 frs-core:MotorVehicles 2023-11-01 2024-10-31 05800093 frs-core:MotorVehicles 2023-10-31 05800093 frs-core:OtherResidualIntangibleAssets 2024-10-31 05800093 frs-core:OtherResidualIntangibleAssets 2023-10-31 05800093 frs-core:PlantMachinery 2024-10-31 05800093 frs-core:PlantMachinery 2023-11-01 2024-10-31 05800093 frs-core:PlantMachinery 2023-10-31 05800093 frs-core:WithinOneYear 2024-10-31 05800093 frs-core:ShareCapital 2024-10-31 05800093 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05800093 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05800093 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05800093 frs-bus:SmallEntities 2023-11-01 2024-10-31 05800093 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05800093 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05800093 1 2023-11-01 2024-10-31 05800093 frs-bus:Director1 2023-11-01 2024-10-31 05800093 frs-bus:Director2 2023-11-01 2024-10-31 05800093 frs-core:CurrentFinancialInstruments 1 2024-10-31 05800093 frs-core:CurrentFinancialInstruments 3 2024-10-31 05800093 frs-core:Non-currentFinancialInstruments 9 2024-10-31 05800093 frs-countries:EnglandWales 2023-11-01 2024-10-31 05800093 2022-10-31 05800093 2023-10-31 05800093 2022-11-01 2023-10-31 05800093 frs-core:CurrentFinancialInstruments 2023-10-31 05800093 frs-core:Non-currentFinancialInstruments 2023-10-31 05800093 frs-core:BetweenOneFiveYears 2023-10-31 05800093 frs-core:WithinOneYear 2023-10-31 05800093 frs-core:ShareCapital 2023-10-31 05800093 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05800093 frs-core:CurrentFinancialInstruments 1 2023-10-31 05800093 frs-core:CurrentFinancialInstruments 3 2023-10-31 05800093 frs-core:Non-currentFinancialInstruments 9 2023-10-31
Registered number: 05800093
Atlantic Dwellings Limited
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: 05800093
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 73,425 88,377
73,425 88,377
CURRENT ASSETS
Stocks 6 439,479 540,877
Debtors 7 64,189 105,638
Cash at bank and in hand 134,151 130,593
637,819 777,108
Creditors: Amounts Falling Due Within One Year 8 (176,838 ) (287,555 )
NET CURRENT ASSETS (LIABILITIES) 460,981 489,553
TOTAL ASSETS LESS CURRENT LIABILITIES 534,406 577,930
Creditors: Amounts Falling Due After More Than One Year 9 (461,438 ) (421,239 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (13,951 ) (16,322 )
NET ASSETS 59,017 140,369
CAPITAL AND RESERVES
Called up share capital 12 2 2
Profit and Loss Account 59,015 140,367
SHAREHOLDERS' FUNDS 59,017 140,369
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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
Mr Paul Tedder
Director
21 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Atlantic Dwellings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05800093 . The registered office is 12 Cory Crescent, Peterston-Super-Ely, Cardiff, CF5 6LS.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible are amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
2.6. 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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 4,886
As at 31 October 2024 4,886
Amortisation
As at 1 November 2023 4,886
As at 31 October 2024 4,886
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 30,290 188,043 6,082 16,818 241,233
Additions 1,693 37,053 - 2,688 41,434
Disposals - (65,187 ) - - (65,187 )
As at 31 October 2024 31,983 159,909 6,082 19,506 217,480
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 24,716 110,383 4,288 13,469 152,856
Provided during the period 1,817 26,906 359 2,573 31,655
Disposals - (40,456 ) - - (40,456 )
As at 31 October 2024 26,533 96,833 4,647 16,042 144,055
Net Book Value
As at 31 October 2024 5,450 63,076 1,435 3,464 73,425
As at 1 November 2023 5,574 77,660 1,794 3,349 88,377
6. Stocks
2024 2023
£ £
Materials 56,457 56,457
Work in progress 383,022 484,420
439,479 540,877
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,049 79,904
Prepayments and accrued income 9,632 10,507
Other debtors 9,749 6,000
Net wages 759 -
Directors' loan accounts - 9,227
64,189 105,638
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,096 19,096
Trade creditors 29,272 101,846
Bank loans and overdrafts 10,000 10,126
Corporation tax - 15,609
PAYE 5,558 18,953
VAT 27,126 9,777
Other creditors 201 78
Credit Card 925 2,423
Pension 777 1,136
Accruals and deferred income 2,540 65,907
Directors' loan accounts 81,343 42,604
176,838 287,555
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,990 74,086
Bank loans 5,569 15,442
Other Loans >1Yr 400,879 331,711
461,438 421,239
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,096 19,096
Later than one year and not later than five years 54,990 74,086
74,086 93,182
74,086 93,182
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 13,951 16,322
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
13. Ultimate Controlling Party
The company's ultimate controlling parties are the directors by virtue of their combined ownership of 100% of the issued share capital in the company.
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