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 07422141 Dr D Priestley Mrs E Priestley Boomer Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07422141 2023-10-31 07422141 2024-10-31 07422141 2023-11-01 2024-10-31 07422141 frs-core:CurrentFinancialInstruments 2024-10-31 07422141 frs-core:ComputerEquipment 2024-10-31 07422141 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07422141 frs-core:ComputerEquipment 2023-10-31 07422141 frs-core:ShareCapital 2024-10-31 07422141 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07422141 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07422141 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07422141 frs-bus:SmallEntities 2023-11-01 2024-10-31 07422141 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07422141 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07422141 1 2023-11-01 2024-10-31 07422141 frs-bus:Director1 2023-11-01 2024-10-31 07422141 frs-bus:Director2 2023-11-01 2024-10-31 07422141 frs-countries:EnglandWales 2023-11-01 2024-10-31 07422141 2022-10-31 07422141 2023-10-31 07422141 2022-11-01 2023-10-31 07422141 frs-core:CurrentFinancialInstruments 2023-10-31 07422141 frs-core:ShareCapital 2023-10-31 07422141 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 07422141
Dr David Priestley Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Dr D Priestley
Mrs E Priestley
Company Number 07422141
Registered Office 69-75 Thorpe Road
Norwich
Norfolk
NR1 1UA
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Page 1
Page 2
Balance Sheet
Registered number: 07422141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,224 2,266
3,224 2,266
CURRENT ASSETS
Debtors 5 475,948 164,341
Cash at bank and in hand 1,432,098 1,255,303
1,908,046 1,419,644
Creditors: Amounts Falling Due Within One Year 6 (1,608,541 ) (307,404 )
NET CURRENT ASSETS (LIABILITIES) 299,505 1,112,240
TOTAL ASSETS LESS CURRENT LIABILITIES 302,729 1,114,506
PROVISIONS FOR LIABILITIES
Deferred Taxation (806 ) (890 )
NET ASSETS 301,923 1,113,616
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 300,923 1,112,616
SHAREHOLDERS' FUNDS 301,923 1,113,616
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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
Dr D Priestley
Director
15/04/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dr David Priestley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07422141 . The registered office is 69-75 Thorpe Road, Norwich, Norfolk, NR1 1UA.
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.
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:
Computer Equipment 25% Straight line
2.4. 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.
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
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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: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 10,129
Additions 2,417
Disposals (2,882 )
As at 31 October 2024 9,664
Depreciation
As at 1 November 2023 7,863
Provided during the period 1,458
Disposals (2,881 )
As at 31 October 2024 6,440
Net Book Value
As at 31 October 2024 3,224
As at 1 November 2023 2,266
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 474,543 164,167
Other debtors 1,405 174
475,948 164,341
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 77,301 -
Other creditors 1,005,862 6,707
Taxation and social security 525,378 300,697
1,608,541 307,404
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Related Party Transactions
The company has taken advantage of the exemption under FRS 102 Section 33.1A allowing wholly owned group members and their immediate parent to depart from the requirement to disclose transactions with other companies in the group.
9. Ultimate Controlling Party
The company's ultimate controlling party is Boomer Holdings Ltd by virtue of ownership of 100% of the issued share capital in the company.
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