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 12964242 Mr Andrew Deavall Mrs Dawn Deavall Mrs Martine Sutcliffe Mr Paul Sutcliffe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12964242 2023-10-31 12964242 2024-10-31 12964242 2023-11-01 2024-10-31 12964242 frs-core:CurrentFinancialInstruments 2024-10-31 12964242 frs-core:ComputerEquipment 2024-10-31 12964242 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12964242 frs-core:ComputerEquipment 2023-10-31 12964242 frs-core:FurnitureFittings 2024-10-31 12964242 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12964242 frs-core:FurnitureFittings 2023-10-31 12964242 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 12964242 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 12964242 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 12964242 frs-core:MotorVehicles 2023-11-01 2024-10-31 12964242 frs-core:PlantMachinery 2024-10-31 12964242 frs-core:PlantMachinery 2023-11-01 2024-10-31 12964242 frs-core:PlantMachinery 2023-10-31 12964242 frs-core:ShareCapital 2024-10-31 12964242 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12964242 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12964242 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12964242 frs-bus:SmallEntities 2023-11-01 2024-10-31 12964242 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12964242 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12964242 frs-core:UnlistedNon-exchangeTraded 2024-10-31 12964242 frs-core:UnlistedNon-exchangeTraded 2023-10-31 12964242 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 12964242 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 12964242 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 12964242 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 12964242 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 12964242 frs-bus:Director1 2023-11-01 2024-10-31 12964242 frs-bus:Director2 2023-11-01 2024-10-31 12964242 frs-bus:Director3 2023-11-01 2024-10-31 12964242 frs-bus:Director4 2023-11-01 2024-10-31 12964242 frs-countries:EnglandWales 2023-11-01 2024-10-31 12964242 2022-10-31 12964242 2023-10-31 12964242 2022-11-01 2023-10-31 12964242 frs-core:CurrentFinancialInstruments 2023-10-31 12964242 frs-core:ShareCapital 2023-10-31 12964242 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12964242
U.K. Engineering & Lubricant Supplies Ltd
Unaudited 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: 12964242
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,014 31,873
Investments 5 4,300 3,000
59,314 34,873
CURRENT ASSETS
Debtors 6 192,257 165,523
Cash at bank and in hand 66,006 30,492
258,263 196,015
Creditors: Amounts Falling Due Within One Year 7 (298,006 ) (209,035 )
NET CURRENT ASSETS (LIABILITIES) (39,743 ) (13,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,571 21,853
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,753 ) (7,968 )
NET ASSETS 5,818 13,885
CAPITAL AND RESERVES
Called up share capital 8 4 2
Profit and Loss Account 5,814 13,883
SHAREHOLDERS' FUNDS 5,818 13,885
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 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 Andrew Deavall
Director
Mr Paul Sutcliffe
Director
12/03/2025
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
U.K. Engineering & Lubricant Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12964242 . The registered office is 2 Stirrup Way, Andover, SP11 6XS.
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:
Leasehold 20% Straight line
Plant & Machinery 25% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight line
2.4. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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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 Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 42,775 11,739 - 3,685 58,199
Additions - 12,893 421 32,943 46,257
Disposals - (2,500 ) - - (2,500 )
As at 31 October 2024 42,775 22,132 421 36,628 101,956
Depreciation
As at 1 November 2023 18,334 5,949 - 2,043 26,326
Provided during the period 14,116 5,513 139 1,473 21,241
Disposals - (625 ) - - (625 )
As at 31 October 2024 32,450 10,837 139 3,516 46,942
Net Book Value
As at 31 October 2024 10,325 11,295 282 33,112 55,014
As at 1 November 2023 24,441 5,790 - 1,642 31,873
5. Investments
Unlisted
£
Cost
As at 1 November 2023 3,000
Additions 1,300
As at 31 October 2024 4,300
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 4,300
As at 1 November 2023 3,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 190,255 160,119
Other debtors 2,002 5,404
192,257 165,523
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 229,883 164,345
Other creditors 24,758 9,114
Taxation and social security 43,365 35,576
298,006 209,035
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 2
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