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 02381222 Mr Noel McEvoy Mrs Paulette McEvoy Mr Noel McEvoy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02381222 2023-10-31 02381222 2024-10-31 02381222 2023-11-01 2024-10-31 02381222 frs-core:CurrentFinancialInstruments 2024-10-31 02381222 frs-core:ComputerEquipment 2023-11-01 2024-10-31 02381222 frs-core:FurnitureFittings 2023-11-01 2024-10-31 02381222 frs-core:LandBuildings 2024-10-31 02381222 frs-core:LandBuildings 2023-11-01 2024-10-31 02381222 frs-core:LandBuildings 2023-10-31 02381222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 02381222 frs-core:MotorVehicles 2023-11-01 2024-10-31 02381222 frs-core:PlantMachinery 2024-10-31 02381222 frs-core:PlantMachinery 2023-11-01 2024-10-31 02381222 frs-core:PlantMachinery 2023-10-31 02381222 frs-core:ShareCapital 2024-10-31 02381222 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02381222 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02381222 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02381222 frs-bus:SmallEntities 2023-11-01 2024-10-31 02381222 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02381222 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02381222 frs-core:CostValuation 2023-10-31 02381222 frs-core:CostValuation 2024-10-31 02381222 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 02381222 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 02381222 frs-bus:Director1 2023-11-01 2024-10-31 02381222 frs-bus:Director2 2023-11-01 2024-10-31 02381222 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02381222 frs-countries:EnglandWales 2023-11-01 2024-10-31 02381222 2022-10-31 02381222 2023-10-31 02381222 2022-11-01 2023-10-31 02381222 frs-core:CurrentFinancialInstruments 2023-10-31 02381222 frs-core:ShareCapital 2023-10-31 02381222 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 02381222
Bronel Group Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02381222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,182 90,860
Investments 5 13,280 13,280
61,462 104,140
CURRENT ASSETS
Debtors 6 911,466 840,497
Investments 7 184,129 70,120
Cash at bank and in hand 3,614,771 3,470,352
4,710,366 4,380,969
Creditors: Amounts Falling Due Within One Year 8 (706,398 ) (912,351 )
NET CURRENT ASSETS (LIABILITIES) 4,003,968 3,468,618
TOTAL ASSETS LESS CURRENT LIABILITIES 4,065,430 3,572,758
PROVISIONS FOR LIABILITIES
Provisions for charges (104,000 ) (104,000 )
NET ASSETS 3,961,430 3,468,758
CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Profit and Loss Account 3,911,430 3,418,758
SHAREHOLDERS' FUNDS 3,961,430 3,468,758
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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 Noel McEvoy
Director
18 March 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bronel Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02381222 . The registered office is Unit 5 Quatro Park, Paycocke Road, Basildon, Essex, SS14 3GH.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover represents invoices raised for shipping provided, excluding VAT. Services relating to import sales are recognised when goods shipped arrive in the United Kingdom. Services relating to export sales are recognised when goods shipped leave the United Kingdom.
Management earnings represents fees charged to associated companies and is recognised at the fair value of the consideration receivable, shown net of VAT and other sales related taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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 Over remaining period of lease
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 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.
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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.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Provisions
Provisions are recognised when the company has a legal or constructive present obligation,
as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.11. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long-term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
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2.12. Current asset investments
Listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred. Fair value is determined with reference to quoted market values.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 20 (2023: 21)
20 21
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 November 2023 9,907 144,761 154,668
Additions - 1,124 1,124
Disposals - (43,069 ) (43,069 )
As at 31 October 2024 9,907 102,816 112,723
Depreciation
As at 1 November 2023 3,713 60,095 63,808
Provided during the period 990 18,118 19,108
Disposals - (18,375 ) (18,375 )
As at 31 October 2024 4,703 59,838 64,541
Net Book Value
As at 31 October 2024 5,204 42,978 48,182
As at 1 November 2023 6,194 84,666 90,860
5. Investments
Other
£
Cost
As at 1 November 2023 13,280
As at 31 October 2024 13,280
Provision
As at 1 November 2023 -
As at 31 October 2024 -
...CONTINUED
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Net Book Value
As at 31 October 2024 13,280
As at 1 November 2023 13,280
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 683,968 591,991
Amounts owed by group undertakings 940 940
Amounts owed by participating interests 5,363 50,159
Other debtors 221,195 197,407
911,466 840,497
7. Current Asset Investments
2024 2023
£ £
Listed investments 184,129 70,120
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 548,499 717,219
Other creditors 46,596 48,294
Taxation and social security 111,303 146,838
706,398 912,351
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
10. Related Party Transactions
Top Express Group UK Limited
At the balance sheet date, £5,363 (2023 - £50,158) was owed to the company from Top Express Group UK Limited, a company which N McEvoy is also a director and is an associated company.
Bronel Group Holdings Limited
At the balance sheet date, £940 (2023 - £940) was owed to the company from Bronel Group Holdings Limited, the parent company of Bronel Group Limited.
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