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 10432095 Mr Korab Hasalamaj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10432095 2023-10-31 10432095 2024-10-31 10432095 2023-11-01 2024-10-31 10432095 frs-core:CurrentFinancialInstruments 2024-10-31 10432095 frs-core:ComputerEquipment 2024-10-31 10432095 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10432095 frs-core:ComputerEquipment 2023-10-31 10432095 frs-core:FurnitureFittings 2024-10-31 10432095 frs-core:FurnitureFittings 2023-11-01 2024-10-31 10432095 frs-core:FurnitureFittings 2023-10-31 10432095 frs-core:NetGoodwill 2024-10-31 10432095 frs-core:NetGoodwill 2023-11-01 2024-10-31 10432095 frs-core:NetGoodwill 2023-10-31 10432095 frs-core:PlantMachinery 2024-10-31 10432095 frs-core:PlantMachinery 2023-11-01 2024-10-31 10432095 frs-core:PlantMachinery 2023-10-31 10432095 frs-core:ShareCapital 2024-10-31 10432095 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10432095 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10432095 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10432095 frs-bus:SmallEntities 2023-11-01 2024-10-31 10432095 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10432095 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10432095 frs-bus:Director1 2023-11-01 2024-10-31 10432095 frs-core:CurrentFinancialInstruments 1 2024-10-31 10432095 frs-core:CurrentFinancialInstruments 2 2024-10-31 10432095 frs-countries:EnglandWales 2023-11-01 2024-10-31 10432095 2022-10-31 10432095 2023-10-31 10432095 2022-11-01 2023-10-31 10432095 frs-core:CurrentFinancialInstruments 2023-10-31 10432095 frs-core:ShareCapital 2023-10-31 10432095 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10432095 frs-core:CurrentFinancialInstruments 1 2023-10-31 10432095 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 10432095
Paul's (Farnworth) Ltd
Financial Statements
For The Year Ended 31 October 2024
Charles & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10432095
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,500 28,000
Tangible Assets 5 14,045 16,480
Investment Properties 6 106,967 -
145,512 44,480
CURRENT ASSETS
Debtors 7 185,575 185,975
Cash at bank and in hand 16,014 161,605
201,589 347,580
Creditors: Amounts Falling Due Within One Year 8 (6,392 ) (35,331 )
NET CURRENT ASSETS (LIABILITIES) 195,197 312,249
TOTAL ASSETS LESS CURRENT LIABILITIES 340,709 356,729
NET ASSETS 340,709 356,729
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 340,609 356,629
SHAREHOLDERS' FUNDS 340,709 356,729
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 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 Korab Hasalamaj
Director
15/01/2025
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
Paul's (Farnworth) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10432095 . The registered office is 51 Derby Road, Widnes, Cheshire, WA8 9DQ.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33.3% on cost
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was  1 (2023: 17)
1 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 35,000
As at 31 October 2024 35,000
Amortisation
As at 1 November 2023 7,000
Provided during the period 3,500
As at 31 October 2024 10,500
Net Book Value
As at 31 October 2024 24,500
As at 1 November 2023 28,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 21,884 1,513 630 24,027
As at 31 October 2024 21,884 1,513 630 24,027
Depreciation
As at 1 November 2023 6,453 420 674 7,547
Provided during the period 2,315 164 (44 ) 2,435
As at 31 October 2024 8,768 584 630 9,982
Net Book Value
As at 31 October 2024 13,116 929 - 14,045
As at 1 November 2023 15,431 1,093 (44 ) 16,480
Page 4
Page 5
6. Investment Property
2024
£
Fair Value
As at 1 November 2023 -
Additions 106,967
As at 31 October 2024 106,967
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,700 3,100
Has Real Estate Ltd 177,000 177,000
Rent deposit 5,875 5,875
185,575 185,975
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,326 11,337
Other taxes and social security - 53
VAT - 11,347
Other creditors - 147
Pauks (Derby Road) Ltd 2,598 239
Accruals and deferred income 1,200 3,050
Director's loan account 268 9,158
6,392 35,331
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5