Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08295783 Mr Daniel Dawkins Mr Steve Templeman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08295783 2023-11-30 08295783 2024-11-30 08295783 2023-12-01 2024-11-30 08295783 frs-core:CurrentFinancialInstruments 2024-11-30 08295783 frs-core:Non-currentFinancialInstruments 2024-11-30 08295783 frs-core:BetweenOneFiveYears 2024-11-30 08295783 frs-core:ComputerEquipment 2024-11-30 08295783 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08295783 frs-core:ComputerEquipment 2023-11-30 08295783 frs-core:FurnitureFittings 2024-11-30 08295783 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08295783 frs-core:FurnitureFittings 2023-11-30 08295783 frs-core:NetGoodwill 2024-11-30 08295783 frs-core:NetGoodwill 2023-12-01 2024-11-30 08295783 frs-core:NetGoodwill 2023-11-30 08295783 frs-core:MotorVehicles 2024-11-30 08295783 frs-core:MotorVehicles 2023-12-01 2024-11-30 08295783 frs-core:MotorVehicles 2023-11-30 08295783 frs-core:PlantMachinery 2024-11-30 08295783 frs-core:PlantMachinery 2023-12-01 2024-11-30 08295783 frs-core:PlantMachinery 2023-11-30 08295783 frs-core:WithinOneYear 2024-11-30 08295783 frs-core:ShareCapital 2024-11-30 08295783 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08295783 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08295783 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08295783 frs-bus:SmallEntities 2023-12-01 2024-11-30 08295783 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08295783 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08295783 frs-bus:Director1 2023-12-01 2024-11-30 08295783 frs-bus:Director2 2023-12-01 2024-11-30 08295783 frs-core:CurrentFinancialInstruments 1 2024-11-30 08295783 frs-countries:EnglandWales 2023-12-01 2024-11-30 08295783 2022-11-30 08295783 2023-11-30 08295783 2022-12-01 2023-11-30 08295783 frs-core:CurrentFinancialInstruments 2023-11-30 08295783 frs-core:Non-currentFinancialInstruments 2023-11-30 08295783 frs-core:BetweenOneFiveYears 2023-11-30 08295783 frs-core:WithinOneYear 2023-11-30 08295783 frs-core:ShareCapital 2023-11-30 08295783 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08295783 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 08295783
Arvag Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08295783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,162,734 1,023,026
1,162,734 1,023,026
CURRENT ASSETS
Stocks 6 892,966 1,203,351
Debtors 7 2,414,447 962,154
Cash at bank and in hand 889,687 745,743
4,197,100 2,911,248
Creditors: Amounts Falling Due Within One Year 8 (1,861,550 ) (1,645,182 )
NET CURRENT ASSETS (LIABILITIES) 2,335,550 1,266,066
TOTAL ASSETS LESS CURRENT LIABILITIES 3,498,284 2,289,092
Creditors: Amounts Falling Due After More Than One Year 9 (472,376 ) (516,674 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (231,567 ) (185,612 )
NET ASSETS 2,794,341 1,586,806
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 2,794,241 1,586,706
SHAREHOLDERS' FUNDS 2,794,341 1,586,806
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For the year ending 30 November 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 Daniel Dawkins
Director
04/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Arvag Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08295783 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 .... 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% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.5. 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.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 47 (2023: 42)
47 42
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 24,000
As at 30 November 2024 24,000
Amortisation
As at 1 December 2023 24,000
As at 30 November 2024 24,000
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 1,254,621 526,223 9,810 50,506 1,841,160
Additions 451,383 58,076 - 1,327 510,786
Disposals (228,030 ) (115,492 ) - (28,921 ) (372,443 )
As at 30 November 2024 1,477,974 468,807 9,810 22,912 1,979,503
Depreciation
As at 1 December 2023 509,971 274,380 5,302 28,481 818,134
Provided during the period 183,588 69,843 677 3,502 257,610
Disposals (163,885 ) (73,305 ) - (21,785 ) (258,975 )
As at 30 November 2024 529,674 270,918 5,979 10,198 816,769
Net Book Value
As at 30 November 2024 948,300 197,889 3,831 12,714 1,162,734
As at 1 December 2023 744,650 251,843 4,508 22,025 1,023,026
6. Stocks
2024 2023
£ £
Work in progress 892,966 1,203,351
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,143,004 942,575
Prepayments and accrued income 30,255 13,500
Other debtors 6,079 6,079
Intercompany 2,250 -
VAT 232,859 -
2,414,447 962,154
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 345,028 266,012
Trade creditors 636,070 445,459
Bank loans and overdrafts 100,000 100,000
Corporation tax 468,715 249,920
Other taxes and social security 14,625 122,663
VAT - 245,995
Other creditors 79,600 92,514
Inter-company - 6,200
Accruals and deferred income 125,755 -
Directors' loan accounts 91,757 116,419
1,861,550 1,645,182
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 414,042 358,341
Bank loans 58,334 158,333
472,376 516,674
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 345,028 266,012
Later than one year and not later than five years 414,042 358,341
759,070 624,353
759,070 624,353
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
Included in the Other Debtors is an amout of £2,250 (2023 - £6,200 creditor) owed by Genbuild Ltd, a company under the control of the director Mr D Dawkins. 
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