Acorah Software Products - Accounts Production 16.2.800 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 06896113 Mr Francis Hughes Mrs Wendy Veazey Mr Francis Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06896113 2023-10-31 06896113 2024-10-31 06896113 2023-11-01 2024-10-31 06896113 frs-core:CurrentFinancialInstruments 2024-10-31 06896113 frs-core:NetGoodwill 2024-10-31 06896113 frs-core:NetGoodwill 2023-11-01 2024-10-31 06896113 frs-core:NetGoodwill 2023-10-31 06896113 frs-core:ShareCapital 2024-10-31 06896113 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06896113 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06896113 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 06896113 frs-bus:SmallEntities 2023-11-01 2024-10-31 06896113 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06896113 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06896113 frs-core:ListedExchangeTraded 2024-10-31 06896113 frs-core:ListedExchangeTraded 2023-10-31 06896113 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 06896113 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-10-31 06896113 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-10-31 06896113 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 06896113 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 06896113 frs-core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 06896113 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 06896113 frs-bus:Director1 2023-11-01 2024-10-31 06896113 frs-bus:Director2 2023-11-01 2024-10-31 06896113 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 06896113 1 2023-11-01 2024-10-31 06896113 frs-countries:EnglandWales 2023-11-01 2024-10-31 06896113 2022-10-31 06896113 2023-10-31 06896113 2022-11-01 2023-10-31 06896113 frs-core:CurrentFinancialInstruments 2023-10-31 06896113 frs-core:ShareCapital 2023-10-31 06896113 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 06896113 1 2022-11-01 2023-10-31
Registered number: 06896113
Marks Hills & Co Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06896113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 555,272 477,272
555,272 477,272
CURRENT ASSETS
Cash at bank and in hand 11,348 65,879
11,348 65,879
Creditors: Amounts Falling Due Within One Year 5 (5,382 ) (27,422 )
NET CURRENT ASSETS (LIABILITIES) 5,966 38,457
TOTAL ASSETS LESS CURRENT LIABILITIES 561,238 515,729
NET ASSETS 561,238 515,729
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 560,238 514,729
SHAREHOLDERS' FUNDS 561,238 515,729
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
Mrs Wendy Veazey
Director
28/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
1.3. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Director 2 2
2 2
3. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 60,000
Disposals (60,000 )
As at 31 October 2024 -
Amortisation
As at 1 November 2023 60,000
Disposals (60,000 )
As at 31 October 2024 -
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
4. Investments
Listed
£
Cost
As at 1 November 2023 560,972
Additions 144,233
Disposals (108,074 )
As at 31 October 2024 597,131
Provision
As at 1 November 2023 83,700
Added in period (41,841 )
As at 31 October 2024 41,859
Net Book Value
As at 31 October 2024 555,272
As at 1 November 2023 477,272
Investments comprise investments in quoted equity instruments which are measured at their market value. Changes in their value are recognised in profit or loss. Their value is determined by using the market prices of the quoted investments at the balance sheet date.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Corporation tax 1,448 5,734
Accruals and deferred income 3,934 2,713
Directors' loan accounts - 18,974
5,382 27,422
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. General Information
Marks Hills & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06896113 . The registered office is Bridge House, 11 Creek Road, East Molesey, Surrey, KT8 9BE.
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