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 11611218 Mr Robert Pettifor Mrs Susan Pettifor Mr Alistair Viveash Mr Matthew Wood Mr Robert Pettifor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11611218 2023-10-31 11611218 2024-10-31 11611218 2023-11-01 2024-10-31 11611218 frs-core:CurrentFinancialInstruments 2024-10-31 11611218 frs-core:Non-currentFinancialInstruments 2024-10-31 11611218 frs-core:BetweenOneFiveYears 2024-10-31 11611218 frs-core:ComputerEquipment 2024-10-31 11611218 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11611218 frs-core:ComputerEquipment 2023-10-31 11611218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 11611218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 11611218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 11611218 frs-core:FurnitureFittings 2024-10-31 11611218 frs-core:FurnitureFittings 2023-11-01 2024-10-31 11611218 frs-core:FurnitureFittings 2023-10-31 11611218 frs-core:MotorVehicles 2024-10-31 11611218 frs-core:MotorVehicles 2023-11-01 2024-10-31 11611218 frs-core:MotorVehicles 2023-10-31 11611218 frs-core:WithinOneYear 2024-10-31 11611218 frs-core:ShareCapital 2024-10-31 11611218 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11611218 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11611218 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11611218 frs-bus:SmallEntities 2023-11-01 2024-10-31 11611218 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11611218 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11611218 frs-bus:Director1 2023-11-01 2024-10-31 11611218 frs-bus:Director1 2023-10-31 11611218 frs-bus:Director1 2024-10-31 11611218 frs-bus:Director2 2023-11-01 2024-10-31 11611218 frs-bus:Director2 2023-10-31 11611218 frs-bus:Director2 2024-10-31 11611218 frs-bus:Director3 2023-11-01 2024-10-31 11611218 frs-bus:Director4 2023-11-01 2024-10-31 11611218 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 11611218 frs-countries:EnglandWales 2023-11-01 2024-10-31 11611218 2022-10-31 11611218 2023-10-31 11611218 2022-11-01 2023-10-31 11611218 frs-core:CurrentFinancialInstruments 2023-10-31 11611218 frs-core:Non-currentFinancialInstruments 2023-10-31 11611218 frs-core:BetweenOneFiveYears 2023-10-31 11611218 frs-core:WithinOneYear 2023-10-31 11611218 frs-core:ShareCapital 2023-10-31 11611218 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11611218
Pettifor Group Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Amblers Mill Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11611218
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,120 -
Tangible Assets 5 80,694 42,502
89,814 42,502
CURRENT ASSETS
Stocks 6 190,501 183,503
Debtors 7 644,161 298,211
Cash at bank and in hand 47,099 46,701
881,761 528,415
Creditors: Amounts Falling Due Within One Year 8 (704,935 ) (626,383 )
NET CURRENT ASSETS (LIABILITIES) 176,826 (97,968 )
TOTAL ASSETS LESS CURRENT LIABILITIES 266,640 (55,466 )
Creditors: Amounts Falling Due After More Than One Year 9 (485,726 ) (87,025 )
NET LIABILITIES (219,086 ) (142,491 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (219,186 ) (142,591 )
SHAREHOLDERS' FUNDS (219,086) (142,491)
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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 Robert Pettifor
Director
Mrs Susan Pettifor
Director
Mr Alistair Viveash
Director
Mr Matthew Wood
Director
02/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pettifor Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11611218 . The registered office is Suite 12 Bingham Enterprise Centre, Mercia Court, Bingham, Nottingham, NG13 8QX.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
2.6. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 November 2023 -
Additions 11,400
As at 31 October 2024 11,400
Amortisation
As at 1 November 2023 -
Provided during the period 2,280
As at 31 October 2024 2,280
Net Book Value
As at 31 October 2024 9,120
As at 1 November 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 72,995 1,081 1,451 75,527
Additions 78,005 1,225 633 79,863
Disposals (72,995 ) - - (72,995 )
As at 31 October 2024 78,005 2,306 2,084 82,395
Depreciation
As at 1 November 2023 31,935 162 928 33,025
Provided during the period - 322 289 611
Disposals (31,935 ) - - (31,935 )
As at 31 October 2024 - 484 1,217 1,701
Net Book Value
As at 31 October 2024 78,005 1,822 867 80,694
As at 1 November 2023 41,060 919 523 42,502
6. Stocks
2024 2023
£ £
Finished goods 190,501 183,503
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 529,537 224,970
Other debtors 114,624 73,241
644,161 298,211
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,685 12,421
Trade creditors 415,441 132,714
Bank loans and overdrafts 210,123 159,452
Other loans 16,968 311,884
Other creditors 6,627 7,834
Taxation and social security 46,091 2,078
704,935 626,383
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 64,514 42,147
Bank loans 1,636 8,334
Other loans 419,576 36,544
485,726 87,025
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,685 12,421
Later than one year and not later than five years 64,514 42,147
74,199 54,568
74,199 54,568
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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12. 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 Robert Pettifor 2,070 - 312 - 1,758
Mrs Susan Pettifor - 2,500 - - 2,500
The above loan is unsecured, interest free and repayable on demand.
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