Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08021406 Mr C Braddock Mr H J Braddock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08021406 2023-10-31 08021406 2024-10-31 08021406 2023-11-01 2024-10-31 08021406 frs-core:CurrentFinancialInstruments 2024-10-31 08021406 frs-core:ComputerEquipment 2024-10-31 08021406 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08021406 frs-core:ComputerEquipment 2023-10-31 08021406 frs-core:FurnitureFittings 2024-10-31 08021406 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08021406 frs-core:FurnitureFittings 2023-10-31 08021406 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 08021406 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08021406 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 08021406 frs-core:MotorVehicles 2024-10-31 08021406 frs-core:MotorVehicles 2023-11-01 2024-10-31 08021406 frs-core:MotorVehicles 2023-10-31 08021406 frs-core:ShareCapital 2024-10-31 08021406 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08021406 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08021406 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08021406 frs-bus:SmallEntities 2023-11-01 2024-10-31 08021406 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08021406 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08021406 frs-bus:Director1 2023-11-01 2024-10-31 08021406 frs-bus:Director2 2023-11-01 2024-10-31 08021406 frs-bus:Director2 2023-10-31 08021406 frs-bus:Director2 2024-10-31 08021406 frs-countries:EnglandWales 2023-11-01 2024-10-31 08021406 2022-10-31 08021406 2023-10-31 08021406 2022-11-01 2023-10-31 08021406 frs-core:CurrentFinancialInstruments 2023-10-31 08021406 frs-core:ShareCapital 2023-10-31 08021406 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08021406
Bluestream Academy Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08021406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 285,495 400,453
285,495 400,453
CURRENT ASSETS
Debtors 5 2,033,158 1,793,175
Cash at bank and in hand 531,359 479,702
2,564,517 2,272,877
Creditors: Amounts Falling Due Within One Year 6 (915,974 ) (1,008,652 )
NET CURRENT ASSETS (LIABILITIES) 1,648,543 1,264,225
TOTAL ASSETS LESS CURRENT LIABILITIES 1,934,038 1,664,678
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,851 ) (9,938 )
NET ASSETS 1,924,187 1,654,740
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,924,186 1,654,739
SHAREHOLDERS' FUNDS 1,924,187 1,654,740
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 C Braddock
Director
10 April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bluestream Academy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08021406 . The registered office is First Floor Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
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:
Freehold Not depreciated
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. 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. 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.
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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2023: 31)
32 31
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 349,310 26,433 91,014 182,258 649,015
Additions - 15,995 632 787 17,414
Disposals (115,285 ) - - - (115,285 )
As at 31 October 2024 234,025 42,428 91,646 183,045 551,144
Depreciation
As at 1 November 2023 - 9,726 66,312 172,524 248,562
Provided during the period - 4,177 6,207 6,703 17,087
As at 31 October 2024 - 13,903 72,519 179,227 265,649
Net Book Value
As at 31 October 2024 234,025 28,525 19,127 3,818 285,495
As at 1 November 2023 349,310 16,707 24,702 9,734 400,453
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 110,428 156,883
Other debtors 1,922,730 1,636,292
2,033,158 1,793,175
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,323 39,870
Bank loans and overdrafts - 594
Other creditors 689,145 684,629
Taxation and social security 200,506 283,559
915,974 1,008,652
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Harley Braddock - 156,632 - - 156,632
The above loan is unsecured, had interest charged at 2.25% and is repayable within 9 months of the year end.
Page 4