Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 13638064 Mr B Keylock Mr S Nicholson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13638064 2023-09-30 13638064 2024-09-30 13638064 2023-10-01 2024-09-30 13638064 frs-core:CurrentFinancialInstruments 2024-09-30 13638064 frs-core:OtherReservesSubtotal 2024-09-30 13638064 frs-core:SharePremium 2024-09-30 13638064 frs-core:ShareCapital 2024-09-30 13638064 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13638064 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13638064 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 13638064 frs-bus:SmallEntities 2023-10-01 2024-09-30 13638064 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13638064 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13638064 frs-bus:Director1 2023-10-01 2024-09-30 13638064 frs-bus:Director2 2023-10-01 2024-09-30 13638064 frs-countries:EnglandWales 2023-10-01 2024-09-30 13638064 2022-09-30 13638064 2023-09-30 13638064 2022-10-01 2023-09-30 13638064 frs-core:CurrentFinancialInstruments 2023-09-30 13638064 frs-core:OtherReservesSubtotal 2023-09-30 13638064 frs-core:SharePremium 2023-09-30 13638064 frs-core:ShareCapital 2023-09-30 13638064 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 13638064
Open Retail Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 13638064
2024 2023
as restated
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,713 26,798
Cash at bank and in hand 121,895 131,276
126,608 158,074
Creditors: Amounts Falling Due Within One Year 5 (1,000 ) (600 )
NET CURRENT ASSETS (LIABILITIES) 125,608 157,474
TOTAL ASSETS LESS CURRENT LIABILITIES 125,608 157,474
NET ASSETS 125,608 157,474
CAPITAL AND RESERVES
Called up share capital 6 2 2
Share premium account 348,089 220,000
Other reserves 123,000 88,088
Profit and Loss Account (345,483 ) (150,616 )
SHAREHOLDERS' FUNDS 125,608 157,474
For the year ending 30 September 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 S Nicholson
Director
5 February 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Open Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13638064 . The registered office is 8 Main Road, East Hagbourne, Didcot, Oxfordshire, OX11 9LJ.
Creditors are non-refundable prepayments received for equity where distribution and allotment were yet to complete.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 4,713 26,798
5. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Other creditors 1,000 600
6. Share Capital
2024 2023
as restated
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
7. Reserves
The balance within Other Reserves includes amounts received in respect of convertible shares that have not yet been issued. These funds are non-refundable and represent capital contributions from investors in anticipation of future share issuance.
Until the shares are formally issued and allotted, these amounts remain classified within Other Reserves as they do not meet the criteria for share capital under applicable accounting standards. Upon conversion, the appropriate reclassification will be made to reflect the shares issued within Share Capital and, where applicable, Share Premium.
Page 2