Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08400402 Mr Antony Hodari Mr Anthony Pope Mr Stephen Lund Mrs Emma Rees Antony Hodari true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08400402 2023-10-31 08400402 2024-10-31 08400402 2023-11-01 2024-10-31 08400402 frs-core:CurrentFinancialInstruments 2024-10-31 08400402 frs-core:Non-currentFinancialInstruments 2024-10-31 08400402 frs-core:ComputerEquipment 2024-10-31 08400402 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08400402 frs-core:ComputerEquipment 2023-10-31 08400402 frs-core:FurnitureFittings 2024-10-31 08400402 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08400402 frs-core:FurnitureFittings 2023-10-31 08400402 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08400402 frs-core:MotorVehicles 2023-11-01 2024-10-31 08400402 frs-core:ShareCapital 2024-10-31 08400402 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08400402 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08400402 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08400402 frs-bus:SmallEntities 2023-11-01 2024-10-31 08400402 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08400402 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08400402 1 2023-11-01 2024-10-31 08400402 frs-bus:Director1 2023-11-01 2024-10-31 08400402 frs-bus:Director2 2023-11-01 2024-10-31 08400402 frs-bus:Director3 2023-11-01 2024-10-31 08400402 frs-bus:Director4 2023-11-01 2024-10-31 08400402 1 2023-11-01 2024-10-31 08400402 frs-countries:EnglandWales 2023-11-01 2024-10-31 08400402 2022-10-31 08400402 2023-10-31 08400402 2022-11-01 2023-10-31 08400402 frs-core:CurrentFinancialInstruments 2023-10-31 08400402 frs-core:Non-currentFinancialInstruments 2023-10-31 08400402 frs-core:ShareCapital 2023-10-31 08400402 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08400402 1 2022-11-01 2023-10-31 08400402 frs-core:CurrentFinancialInstruments 3 2023-10-31
Registered number: 08400402
Ah Shared Services Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 08400402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,416 47,490
60,416 47,490
CURRENT ASSETS
Debtors 5 263,443 366,341
Cash at bank and in hand 209 19,297
263,652 385,638
Creditors: Amounts Falling Due Within One Year 6 (1,860,037 ) (2,482,839 )
NET CURRENT ASSETS (LIABILITIES) (1,596,385 ) (2,097,201 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,535,969 ) (2,049,711 )
NET LIABILITIES (1,535,969 ) (2,049,711 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement (1,535,970 ) (2,049,712 )
SHAREHOLDERS' FUNDS (1,535,969) (2,049,711)
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 Income Statement.
The financial statements were approved by the board of directors on 20 January 2025 and were signed on its behalf by:
Mr Anthony Pope
Director
20 January 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ah Shared Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08400402 . The registered office is 83 Fountain Street, Manchester, M2 2EE.
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. Going Concern Disclosure
The financial statements have been prepared using the going concern basis in accordance with FRS 102.
Although the company has significant net liabilities, the most significant creditors are related parties owned or controlled by one of the directors, Antony Hodari. Assurances have been provided by Antony Hodari that repayment of these creditors will only be requested if circumstances allow.
As a result the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
2.3. Turnover
Turnover comprises recharges of resourcing and overhead costs to fellow group and related entities at commercial rates.
2.4. 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:
Leasehold 3 years straight-line or lease period if shorter
Motor Vehicles 3 years straight-line
Fixtures & Fittings 3 years straight-line
Computer Equipment 3 years straight-line
Impairment of fixed assets
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carry amount and are recognised with 'other operating income' in the Income Statement.
2.5. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of the financial asset and liability classifications used in the Statement of Financial Position.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
...CONTINUED
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2.5. Financial Instruments - continued
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the year end.
Basic financial liabilities, including trade and other creditors, bank loans, bank overdrafts and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial assets and liabilities are offset and the net amount reported when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.6. Taxation
Tax is recognised in the Income Statement, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the tax is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates that have been enacted or substantively enacted by the year end date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.9. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income 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 leased asset are consumed.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 16 12
Sales, marketing and distribution 17 14
Production 72 59
105 85
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Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 27,147 112,186 139,333
Additions - 51,106 51,106
Disposals - (598 ) (598 )
As at 31 October 2024 27,147 162,694 189,841
Depreciation
As at 1 November 2023 23,667 68,176 91,843
Provided during the period 3,480 34,348 37,828
Disposals - (246 ) (246 )
As at 31 October 2024 27,147 102,278 129,425
Net Book Value
As at 31 October 2024 - 60,416 60,416
As at 1 November 2023 3,480 44,010 47,490
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,545 1,088
Prepayments and accrued income 100,200 63,810
Other debtors 45,598 200
VAT Recoverable - 7,643
Deferred tax current asset 75,000 124,000
222,343 196,741
Due after more than one year
Deferred tax non current asset 41,100 169,600
263,443 366,341
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,316 48,133
Bank loans and overdrafts 14,305 -
Other taxes and social security 583,647 87,299
Other creditors - 23,128
Accruals and deferred income 1,006,300 583,890
Amounts owed to group undertakings 207,469 1,740,389
1,860,037 2,482,839
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Contingent Liabilities
A group cross guarantee exists over the company with a legal charge dated 2 September 2022 in favour of HSBC UK Bank plc which contains a fiixed and floating charge over all assets of the group. The maximum liability at 31 October 2024 was £126,527 (2023: £147,272l).
9. Related Party Transactions
Entities owned / controlled by Antony Hodari
Services were provided to entities controlled by Antony Hodari totalling £229,406 (2023: £254,129)
Property was occupied under a licence from entities controlled by Antony Hodari and total charges were £120,286 (2023: £35,196)
Vehicles were leased from entities controlled by Antony Hodari and total charges were £19,131 (2023: £24,673)
10. Ultimate Controlling Party
The company's ultimate controlling party is Antony Hodari by virtue of his ownership of 100% of the voting shares in the parent company.
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