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 09038714 Mr P C Edson Mr P Buckley Mr P C Edson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09038714 2023-10-31 09038714 2024-10-31 09038714 2023-11-01 2024-10-31 09038714 frs-core:CurrentFinancialInstruments 2024-10-31 09038714 frs-core:Non-currentFinancialInstruments 2024-10-31 09038714 frs-core:BetweenOneFiveYears 2024-10-31 09038714 frs-core:ComputerEquipment 2024-10-31 09038714 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09038714 frs-core:ComputerEquipment 2023-10-31 09038714 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 09038714 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09038714 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 09038714 frs-core:MotorVehicles 2024-10-31 09038714 frs-core:MotorVehicles 2023-11-01 2024-10-31 09038714 frs-core:MotorVehicles 2023-10-31 09038714 frs-core:PlantMachinery 2024-10-31 09038714 frs-core:PlantMachinery 2023-11-01 2024-10-31 09038714 frs-core:PlantMachinery 2023-10-31 09038714 frs-core:WithinOneYear 2024-10-31 09038714 frs-core:ShareCapital 2024-10-31 09038714 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09038714 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09038714 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09038714 frs-bus:SmallEntities 2023-11-01 2024-10-31 09038714 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09038714 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09038714 frs-bus:Director1 2023-11-01 2024-10-31 09038714 frs-bus:Director2 2023-11-01 2024-10-31 09038714 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 09038714 frs-core:CurrentFinancialInstruments 1 2024-10-31 09038714 frs-countries:EnglandWales 2023-11-01 2024-10-31 09038714 2022-10-31 09038714 2023-10-31 09038714 2022-11-01 2023-10-31 09038714 frs-core:CurrentFinancialInstruments 2023-10-31 09038714 frs-core:Non-currentFinancialInstruments 2023-10-31 09038714 frs-core:BetweenOneFiveYears 2023-10-31 09038714 frs-core:WithinOneYear 2023-10-31 09038714 frs-core:ShareCapital 2023-10-31 09038714 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09038714 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 09038714
Edson & Company 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: 09038714
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 165,086 175,048
165,086 175,048
CURRENT ASSETS
Stocks 5 1,484,108 1,091,353
Debtors 6 430,255 375,104
Cash at bank and in hand 46,786 (2,653 )
1,961,149 1,463,804
Creditors: Amounts Falling Due Within One Year 7 (1,603,797 ) (1,082,072 )
NET CURRENT ASSETS (LIABILITIES) 357,352 381,732
TOTAL ASSETS LESS CURRENT LIABILITIES 522,438 556,780
Creditors: Amounts Falling Due After More Than One Year 8 (222,014 ) (212,737 )
NET ASSETS 300,424 344,043
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 300,324 343,943
SHAREHOLDERS' FUNDS 300,424 344,043
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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 P C Edson
Director
5 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Edson & Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09038714 . The registered office is 550 Valley Rd Basford, Nottingham, NG5 1JJ.
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 No depreciation
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
2.5. 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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2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2023: 41)
45 41
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 9,421 258,409 43,865 16,487 328,182
Additions - 12,500 - - 12,500
As at 31 October 2024 9,421 270,909 43,865 16,487 340,682
Depreciation
As at 1 November 2023 - 130,250 12,873 10,011 153,134
Provided during the period - 14,066 7,748 648 22,462
As at 31 October 2024 - 144,316 20,621 10,659 175,596
Net Book Value
As at 31 October 2024 9,421 126,593 23,244 5,828 165,086
As at 1 November 2023 9,421 128,159 30,992 6,476 175,048
5. Stocks
2024 2023
£ £
Stock 1,484,108 1,091,353
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 396,090 364,881
Other debtors 5,539 10,223
VAT 28,626 -
430,255 375,104
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,326 22,989
Trade creditors 246,859 252,192
Bank loans and overdrafts 125,704 76,274
Corporation tax 27,902 17,492
Other taxes and social security 56,174 74,766
VAT - 6,240
Other creditors 20,968 17,258
Deposits received 185,035 201,051
Accruals and deferred income 5,000 5,000
Directors' loan accounts 331,305 352,568
Amounts owed to group undertakings 584,524 56,242
1,603,797 1,082,072
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,819 45,020
Bank loans 194,195 167,717
222,014 212,737
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 319,899 243,991
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,326 22,989
Later than one year and not later than five years 27,819 45,020
48,145 68,009
48,145 68,009
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
At the balance sheet date, the company owed the director £331,305 (2023:£352,568). The amount is unsecured, interest free, with no fixed repayment date. 
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