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 03115388 D E Lambert D E Lambert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03115388 2023-10-31 03115388 2024-10-31 03115388 2023-11-01 2024-10-31 03115388 frs-core:CurrentFinancialInstruments 2024-10-31 03115388 frs-core:FurnitureFittings 2024-10-31 03115388 frs-core:FurnitureFittings 2023-11-01 2024-10-31 03115388 frs-core:FurnitureFittings 2023-10-31 03115388 frs-core:NetGoodwill 2023-11-01 2024-10-31 03115388 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 03115388 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 03115388 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 03115388 frs-core:PlantMachinery 2023-11-01 2024-10-31 03115388 frs-core:RevaluationReserve 2023-10-31 03115388 frs-core:RevaluationReserve 2024-10-31 03115388 frs-core:ShareCapital 2024-10-31 03115388 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03115388 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03115388 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03115388 frs-bus:SmallEntities 2023-11-01 2024-10-31 03115388 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03115388 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03115388 frs-bus:Director1 2023-11-01 2024-10-31 03115388 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 03115388 frs-countries:EnglandWales 2023-11-01 2024-10-31 03115388 2022-10-31 03115388 2023-10-31 03115388 2022-11-01 2023-10-31 03115388 frs-core:CurrentFinancialInstruments 2023-10-31 03115388 frs-core:RevaluationReserve 2023-10-31 03115388 frs-core:ShareCapital 2023-10-31 03115388 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03115388
Baxter Lambert Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03115388
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,904 24,732
23,904 24,732
CURRENT ASSETS
Debtors 5 6,793 3,250
Cash at bank and in hand 76,114 92,347
82,907 95,597
Creditors: Amounts Falling Due Within One Year 6 (43,785 ) (57,754 )
NET CURRENT ASSETS (LIABILITIES) 39,122 37,843
TOTAL ASSETS LESS CURRENT LIABILITIES 63,026 62,575
NET ASSETS 63,026 62,575
CAPITAL AND RESERVES
Called up share capital 7 3,250 3,250
Revaluation reserve 8 20,000 20,000
Profit and Loss Account 39,776 39,325
SHAREHOLDERS' FUNDS 63,026 62,575
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
D E Lambert
Director
20 February 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
Baxter Lambert Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03115388 . The registered office is 120 High Street, Penge, London, SE20 7EZ.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Interest income
Revenue is recognised as interest accrues using the effective interest method.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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 Not depreciated
Plant & Machinery 17.5% on reducing balance
Furniture, fixtures and equipment 17.5% on reducing balance
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 
2.5. 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 years 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.
...CONTINUED
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2.5. Taxation - continued
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 assets reflect 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:   5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Furniture, fixtures and equipment Total
£ £ £
Cost
As at 1 November 2023 20,000 73,339 93,339
As at 31 October 2024 20,000 73,339 93,339
Depreciation
As at 1 November 2023 - 68,607 68,607
Provided during the period - 828 828
As at 31 October 2024 - 69,435 69,435
Net Book Value
As at 31 October 2024 20,000 3,904 23,904
As at 1 November 2023 20,000 4,732 24,732
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,793 3,250
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 491 -
Bank loans and overdrafts 17,833 27,833
Other creditors 5,697 6,418
Taxation and social security 19,764 23,503
43,785 57,754
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,250 3,250
8. Reserves
Revaluation Reserve
£
As at 1 November 2023 20,000
As at 31 October 2024 20,000
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