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 04086362 Mr Timothy Brown Mrs Louise McKeown Mr John Squires Mr Timothy Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04086362 2023-10-31 04086362 2024-10-31 04086362 2023-11-01 2024-10-31 04086362 frs-core:CurrentFinancialInstruments 2024-10-31 04086362 frs-core:Non-currentFinancialInstruments 2024-10-31 04086362 frs-core:BetweenOneFiveYears 2024-10-31 04086362 frs-core:ComputerEquipment 2024-10-31 04086362 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04086362 frs-core:ComputerEquipment 2023-10-31 04086362 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 04086362 frs-core:FurnitureFittings 2024-10-31 04086362 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04086362 frs-core:FurnitureFittings 2023-10-31 04086362 frs-core:OtherResidualIntangibleAssets 2024-10-31 04086362 frs-core:OtherResidualIntangibleAssets 2023-10-31 04086362 frs-core:PlantMachinery 2024-10-31 04086362 frs-core:PlantMachinery 2023-11-01 2024-10-31 04086362 frs-core:PlantMachinery 2023-10-31 04086362 frs-core:WithinOneYear 2024-10-31 04086362 frs-core:ShareCapital 2024-10-31 04086362 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04086362 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04086362 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04086362 frs-bus:SmallEntities 2023-11-01 2024-10-31 04086362 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04086362 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04086362 frs-bus:Director1 2023-11-01 2024-10-31 04086362 frs-bus:Director2 2023-11-01 2024-10-31 04086362 frs-bus:Director3 2023-11-01 2024-10-31 04086362 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04086362 frs-countries:EnglandWales 2023-11-01 2024-10-31 04086362 2022-10-31 04086362 2023-10-31 04086362 2022-11-01 2023-10-31 04086362 frs-core:CurrentFinancialInstruments 2023-10-31 04086362 frs-core:Non-currentFinancialInstruments 2023-10-31 04086362 frs-core:BetweenOneFiveYears 2023-10-31 04086362 frs-core:WithinOneYear 2023-10-31 04086362 frs-core:ShareCapital 2023-10-31 04086362 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04086362
Squires and Brown Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Castletree Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04086362
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 21,126 20,327
21,126 20,327
CURRENT ASSETS
Debtors 6 168,400 412,652
Cash at bank and in hand 432,179 149,886
600,579 562,538
Creditors: Amounts Falling Due Within One Year 7 (192,882 ) (279,928 )
NET CURRENT ASSETS (LIABILITIES) 407,697 282,610
TOTAL ASSETS LESS CURRENT LIABILITIES 428,823 302,937
Creditors: Amounts Falling Due After More Than One Year 8 (6,160 ) (16,514 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,282 ) (5,082 )
NET ASSETS 417,381 281,341
CAPITAL AND RESERVES
Called up share capital 9 2,222 2,222
Profit and Loss Account 415,159 279,119
SHAREHOLDERS' FUNDS 417,381 281,341
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 Timothy Brown
Director
27 March 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
Squires and Brown Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04086362 . The registered office is Mallory House, Goostrey Way, Mobberley, Cheshire, WA16 7GY.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initial website costs. It is amortised to profit and loss account over its estimated economic life of 5 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 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 2,062
As at 31 October 2024 2,062
Amortisation
As at 1 November 2023 2,062
As at 31 October 2024 2,062
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 270 20,531 156,408 177,209
Additions 3,758 1,495 5,956 11,209
As at 31 October 2024 4,028 22,026 162,364 188,418
Depreciation
As at 1 November 2023 23 18,124 138,735 156,882
Provided during the period 766 1,403 8,241 10,410
As at 31 October 2024 789 19,527 146,976 167,292
Net Book Value
As at 31 October 2024 3,239 2,499 15,388 21,126
As at 1 November 2023 247 2,407 17,673 20,327
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 108,045 371,545
Prepayments and accrued income 60,355 41,107
168,400 412,652
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,421 10,258
Bank loans and overdrafts 10,354 10,098
Corporation tax 96,500 86,000
Other taxes and social security 7,432 8,856
VAT 22,268 144,126
Accruals and deferred income 2,732 1,441
Directors' loan accounts 42,175 19,149
192,882 279,928
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,160 16,514
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,222 2,222
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 14,451 957
Later than one year and not later than five years 50,754 35,113
65,205 36,070
Page 5