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 08235770 Mr Andrew Shorrock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08235770 2023-10-31 08235770 2024-10-31 08235770 2023-11-01 2024-10-31 08235770 frs-core:CurrentFinancialInstruments 2024-10-31 08235770 frs-core:NetGoodwill 2024-10-31 08235770 frs-core:NetGoodwill 2023-11-01 2024-10-31 08235770 frs-core:NetGoodwill 2023-10-31 08235770 frs-core:MotorVehicles 2024-10-31 08235770 frs-core:MotorVehicles 2023-11-01 2024-10-31 08235770 frs-core:MotorVehicles 2023-10-31 08235770 frs-core:PlantMachinery 2024-10-31 08235770 frs-core:PlantMachinery 2023-11-01 2024-10-31 08235770 frs-core:PlantMachinery 2023-10-31 08235770 frs-core:ShareCapital 2024-10-31 08235770 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08235770 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08235770 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08235770 frs-bus:SmallEntities 2023-11-01 2024-10-31 08235770 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08235770 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08235770 frs-bus:Director1 2023-11-01 2024-10-31 08235770 frs-countries:EnglandWales 2023-11-01 2024-10-31 08235770 2022-10-31 08235770 2023-10-31 08235770 2022-11-01 2023-10-31 08235770 frs-core:CurrentFinancialInstruments 2023-10-31 08235770 frs-core:ShareCapital 2023-10-31 08235770 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08235770
AD SHORROCK 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: 08235770
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,000 100,000
Tangible Assets 5 42,536 35,856
142,536 135,856
CURRENT ASSETS
Stocks 23,799 17,945
Debtors 6 41,100 60,693
Cash at bank and in hand 162,463 131,305
227,362 209,943
Creditors: Amounts Falling Due Within One Year 7 (43,473 ) (27,412 )
NET CURRENT ASSETS (LIABILITIES) 183,889 182,531
TOTAL ASSETS LESS CURRENT LIABILITIES 326,425 318,387
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,082 ) (6,813 )
NET ASSETS 318,343 311,574
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 318,243 311,474
SHAREHOLDERS' FUNDS 318,343 311,574
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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 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
Mr Andrew Shorrock
Director
14/03/2025
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
AD SHORROCK LTD , registered number 08235770 is a private company limited by shares incorporated in England. The registered office is New House Farm, Ford Lane, Goosnargh Preston, PR3 2FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill was purchased by the Company on acquisition of the business and is the base of the continuing trade of the Company. Goodwill is the difference between the value of the underlying business and its identifiable net assets. The Director considers that goodwill has, on the basis of this definition, a potentially indefinite useful life whilst the Company’s level of business is maintained. No depreciation of goodwill has been provided in the accounts of the Company which is a departure from the Companies Act requirement for amortisation of assets and from the requirements of the Financial Reporting Standard under which these accounts have been prepared. 
The Director believes this departure gives rise to accounts which present a more accurate representation of the Company’s financial situation. The Company will carry out annual impairment reviews, as the value of the asset is capable of continued measurement, to ensure the future appropriateness of this policy and to provide for any material depletion in the value of the asset. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% Straight Line
Motor Vehicles 25% Reducing Balance
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. 
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2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
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 all 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 3 4
3 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 100,000
As at 31 October 2024 100,000
Net Book Value
As at 31 October 2024 100,000
As at 1 November 2023 100,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 76,693 8,200 84,893
Additions 21,000 - 21,000
Disposals (12,500 ) - (12,500 )
As at 31 October 2024 85,193 8,200 93,393
...CONTINUED
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Depreciation
As at 1 November 2023 41,298 7,739 49,037
Provided during the period 14,204 116 14,320
Disposals (12,500 ) - (12,500 )
As at 31 October 2024 43,002 7,855 50,857
Net Book Value
As at 31 October 2024 42,191 345 42,536
As at 1 November 2023 35,395 461 35,856
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,728 42,036
Prepayments and accrued income 232 -
Other debtors - 18,657
VAT 2,140 -
41,100 60,693
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,010 20,433
Corporation tax 3,251 715
VAT - 337
Other creditors 2,425 2,477
Accruals and deferred income 3,045 3,051
Director's loan account 8,742 399
43,473 27,412
8. Related Party Transactions
During the year the Company paid a service charge in the sum of £64,800 (2023 - £64,800) for the use of premises it occupies which are owned by Director, A.D. Shorrock. 
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