Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07161961 Mrs Nicola Lee Mr Stephen Lee Mr Stephen Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07161961 2023-08-31 07161961 2024-08-31 07161961 2023-09-01 2024-08-31 07161961 frs-core:CurrentFinancialInstruments 2024-08-31 07161961 frs-core:Non-currentFinancialInstruments 2024-08-31 07161961 frs-core:BetweenOneFiveYears 2024-08-31 07161961 frs-core:ComputerEquipment 2024-08-31 07161961 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07161961 frs-core:ComputerEquipment 2023-08-31 07161961 frs-core:MotorVehicles 2024-08-31 07161961 frs-core:MotorVehicles 2023-09-01 2024-08-31 07161961 frs-core:MotorVehicles 2023-08-31 07161961 frs-core:PlantMachinery 2024-08-31 07161961 frs-core:PlantMachinery 2023-09-01 2024-08-31 07161961 frs-core:PlantMachinery 2023-08-31 07161961 frs-core:WithinOneYear 2024-08-31 07161961 frs-core:ShareCapital 2024-08-31 07161961 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07161961 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07161961 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07161961 frs-bus:SmallEntities 2023-09-01 2024-08-31 07161961 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07161961 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07161961 frs-bus:Director1 2023-09-01 2024-08-31 07161961 frs-bus:Director2 2023-09-01 2024-08-31 07161961 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 07161961 frs-core:CurrentFinancialInstruments 1 2024-08-31 07161961 frs-core:CurrentFinancialInstruments 2 2024-08-31 07161961 frs-core:CurrentFinancialInstruments 4 2024-08-31 07161961 frs-core:CurrentFinancialInstruments 5 2024-08-31 07161961 frs-countries:EnglandWales 2023-09-01 2024-08-31 07161961 2022-08-31 07161961 2023-08-31 07161961 2022-09-01 2023-08-31 07161961 frs-core:CurrentFinancialInstruments 2023-08-31 07161961 frs-core:Non-currentFinancialInstruments 2023-08-31 07161961 frs-core:BetweenOneFiveYears 2023-08-31 07161961 frs-core:WithinOneYear 2023-08-31 07161961 frs-core:ShareCapital 2023-08-31 07161961 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07161961 frs-core:CurrentFinancialInstruments 1 2023-08-31 07161961 frs-core:CurrentFinancialInstruments 2 2023-08-31 07161961 frs-core:CurrentFinancialInstruments 4 2023-08-31 07161961 frs-core:CurrentFinancialInstruments 5 2023-08-31
Registered number: 07161961
Avail Systems Limited
Financial Statements
For The Year Ended 31 August 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07161961
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,918 98,238
93,918 98,238
CURRENT ASSETS
Debtors 5 291,326 262,024
Cash at bank and in hand 320,300 239,176
611,626 501,200
Creditors: Amounts Falling Due Within One Year 6 (119,523 ) (102,271 )
NET CURRENT ASSETS (LIABILITIES) 492,103 398,929
TOTAL ASSETS LESS CURRENT LIABILITIES 586,021 497,167
Creditors: Amounts Falling Due After More Than One Year 7 (50,295 ) (74,420 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,480 ) (21,141 )
NET ASSETS 512,246 401,606
CAPITAL AND RESERVES
Called up share capital 9 50 50
Profit and Loss Account 512,196 401,556
SHAREHOLDERS' FUNDS 512,246 401,606
Page 1
Page 2
For the year ending 31 August 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
Mrs Nicola Lee
Director
Mr Stephen Lee
Director
6 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
Avail Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07161961 . The registered office is Unit 22 Norwood Industrial Estate, Rotherham Close, Sheffield, South Yorkshire, S21 2JU.
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:
Plant & Machinery 20% R/B
Motor Vehicles 25% R/B
Computer Equipment 25% R/B
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. 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.
...CONTINUED
Page 3
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2.5. Taxation - continued
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 10 (2023: 8)
10 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 4,777 173,805 292 178,874
Additions - 27,175 - 27,175
Disposals - - (292 ) (292 )
As at 31 August 2024 4,777 200,980 - 205,757
Depreciation
As at 1 September 2023 4,318 76,245 73 80,636
Provided during the period 92 31,184 - 31,276
Disposals - - (73 ) (73 )
As at 31 August 2024 4,410 107,429 - 111,839
Net Book Value
As at 31 August 2024 367 93,551 - 93,918
As at 1 September 2023 459 97,560 219 98,238
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 245,514 205,030
Prepayments and accrued income 8,164 7,885
Beechnut Property Limited 50,253 -
CIS tax (12,605 ) 34,948
VAT - 14,161
291,326 262,024
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,126 14,126
Trade creditors 10,863 16,021
Bank loans and overdrafts 10,000 10,000
Corporation tax 62,261 44,618
VAT 10,733 -
Wages - 4,132
Subcontractors - 2,342
Nest Pension 781 -
Commercial card 2,993 3,394
Accruals 7,723 7,419
Directors' loan accounts 43 219
119,523 102,271
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,128 50,253
Bank loans 14,167 24,167
50,295 74,420
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,126 14,126
Later than one year and not later than five years 36,128 50,253
50,254 64,379
50,254 64,379
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
Page 5