Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10848036 R E Gottig R E Gottig iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10848036 2023-07-31 10848036 2024-07-31 10848036 2023-08-01 2024-07-31 10848036 frs-core:CurrentFinancialInstruments 2024-07-31 10848036 frs-core:Non-currentFinancialInstruments 2024-07-31 10848036 frs-core:BetweenOneFiveYears 2024-07-31 10848036 frs-core:ComputerEquipment 2024-07-31 10848036 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10848036 frs-core:ComputerEquipment 2023-07-31 10848036 frs-core:MotorVehicles 2024-07-31 10848036 frs-core:MotorVehicles 2023-08-01 2024-07-31 10848036 frs-core:MotorVehicles 2023-07-31 10848036 frs-core:WithinOneYear 2024-07-31 10848036 frs-core:ShareCapital 2024-07-31 10848036 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10848036 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10848036 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10848036 frs-bus:SmallEntities 2023-08-01 2024-07-31 10848036 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10848036 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10848036 frs-core:UnlistedNon-exchangeTraded 2024-07-31 10848036 frs-core:UnlistedNon-exchangeTraded 2023-07-31 10848036 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 10848036 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 10848036 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 10848036 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 10848036 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 10848036 frs-bus:Director1 2023-08-01 2024-07-31 10848036 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 10848036 frs-countries:EnglandWales 2023-08-01 2024-07-31 10848036 2022-07-31 10848036 2023-07-31 10848036 2022-08-01 2023-07-31 10848036 frs-core:CurrentFinancialInstruments 2023-07-31 10848036 frs-core:Non-currentFinancialInstruments 2023-07-31 10848036 frs-core:BetweenOneFiveYears 2023-07-31 10848036 frs-core:WithinOneYear 2023-07-31 10848036 frs-core:ShareCapital 2023-07-31 10848036 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10848036
Facilco Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10848036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,500 48,283
Investments 5 127,202 105,958
220,702 154,241
CURRENT ASSETS
Debtors 6 168,608 184,189
Cash at bank and in hand 104,342 119,319
272,950 303,508
Creditors: Amounts Falling Due Within One Year 7 (73,209 ) (86,602 )
NET CURRENT ASSETS (LIABILITIES) 199,741 216,906
TOTAL ASSETS LESS CURRENT LIABILITIES 420,443 371,147
Creditors: Amounts Falling Due After More Than One Year 8 (47,915 ) (4,405 )
NET ASSETS 372,528 366,742
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 372,428 366,642
SHAREHOLDERS' FUNDS 372,528 366,742
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Page 2
For the year ending 31 July 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 her 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
R E Gottig
Director
28/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Facilco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10848036 . The registered office is Warner House, Riverview,, Tarleton, Nr Preston, Lancashire, PR4 6EB.
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. 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:
Motor Vehicles 15% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. 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.
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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.
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: 42 (2023: 42)
42 42
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 85,588 - 85,588
Additions 71,563 200 71,763
Disposals (18,015 ) - (18,015 )
As at 31 July 2024 139,136 200 139,336
Depreciation
As at 1 August 2023 37,305 - 37,305
Provided during the period 16,474 50 16,524
Disposals (7,993 ) - (7,993 )
As at 31 July 2024 45,786 50 45,836
Net Book Value
As at 31 July 2024 93,350 150 93,500
As at 1 August 2023 48,283 - 48,283
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5. Investments
Unlisted
£
Cost
As at 1 August 2023 105,958
Additions 21,244
As at 31 July 2024 127,202
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 127,202
As at 1 August 2023 105,958
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 162,467 174,165
Other debtors 6,141 10,024
168,608 184,189
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,713 12,801
Trade creditors 2 -
Bank loans and overdrafts 18,333 28,333
Amounts owed to participating interests 9,362 9,362
Other creditors 15,768 4,534
Taxation and social security 22,031 31,572
73,209 86,602
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 47,915 4,405
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,817 12,801
Later than one year and not later than five years 56,808 4,405
68,625 17,206
Less: Finance charges allocated to future periods 12,997 -
55,628 17,206
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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