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 11014951 Mr Andrew Moxon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11014951 2023-10-31 11014951 2024-10-31 11014951 2023-11-01 2024-10-31 11014951 frs-core:CurrentFinancialInstruments 2024-10-31 11014951 frs-core:Non-currentFinancialInstruments 2024-10-31 11014951 frs-core:BetweenOneFiveYears 2024-10-31 11014951 frs-core:ComputerEquipment 2024-10-31 11014951 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11014951 frs-core:ComputerEquipment 2023-10-31 11014951 frs-core:FurnitureFittings 2024-10-31 11014951 frs-core:FurnitureFittings 2023-11-01 2024-10-31 11014951 frs-core:FurnitureFittings 2023-10-31 11014951 frs-core:MotorVehicles 2024-10-31 11014951 frs-core:MotorVehicles 2023-11-01 2024-10-31 11014951 frs-core:MotorVehicles 2023-10-31 11014951 frs-core:PlantMachinery 2024-10-31 11014951 frs-core:PlantMachinery 2023-11-01 2024-10-31 11014951 frs-core:PlantMachinery 2023-10-31 11014951 frs-core:WithinOneYear 2024-10-31 11014951 frs-core:ShareCapital 2024-10-31 11014951 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11014951 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11014951 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11014951 frs-bus:SmallEntities 2023-11-01 2024-10-31 11014951 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11014951 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11014951 frs-bus:Director1 2023-11-01 2024-10-31 11014951 frs-countries:EnglandWales 2023-11-01 2024-10-31 11014951 2022-10-31 11014951 2023-10-31 11014951 2022-11-01 2023-10-31 11014951 frs-core:CurrentFinancialInstruments 2023-10-31 11014951 frs-core:Non-currentFinancialInstruments 2023-10-31 11014951 frs-core:BetweenOneFiveYears 2023-10-31 11014951 frs-core:MotorVehicles 2022-11-01 2023-10-31 11014951 frs-core:PlantMachinery 2022-11-01 2023-10-31 11014951 frs-core:WithinOneYear 2023-10-31 11014951 frs-core:ShareCapital 2023-10-31 11014951 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11014951
Phoenix Worktops Ltd.
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11014951
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 209,718 280,505
209,718 280,505
CURRENT ASSETS
Stocks 5 19,345 18,379
Debtors 6 27,154 26,348
Cash at bank and in hand 8,865 2,344
55,364 47,071
Creditors: Amounts Falling Due Within One Year 7 (123,917 ) (116,047 )
NET CURRENT ASSETS (LIABILITIES) (68,553 ) (68,976 )
TOTAL ASSETS LESS CURRENT LIABILITIES 141,165 211,529
Creditors: Amounts Falling Due After More Than One Year 8 (110,544 ) (173,589 )
NET ASSETS 30,621 37,940
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 30,620 37,939
SHAREHOLDERS' FUNDS 30,621 37,940
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andrew Moxon
Director
23/04/2025
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
Phoenix Worktops Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11014951 . The registered office is 51 St. Johns Road, Cudworth, Barnsley, South Yorkshire, S72 8DB.
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.
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 25% on reducing balance and 50% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance and 50% on cost
Computer Equipment 25% on reducing balance and 50% on cost
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. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 413,459 23,033 14,639 2,695 453,826
Additions 514 563 1,514 332 2,923
Disposals (5,680 ) - - - (5,680 )
As at 31 October 2024 408,293 23,596 16,153 3,027 451,069
Depreciation
As at 1 November 2023 162,230 3,670 6,317 1,104 173,321
Provided during the period 61,997 4,899 2,158 436 69,490
Disposals (1,460 ) - - - (1,460 )
As at 31 October 2024 222,767 8,569 8,475 1,540 241,351
Net Book Value
As at 31 October 2024 185,526 15,027 7,678 1,487 209,718
As at 1 November 2023 251,229 19,363 8,322 1,591 280,505
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 152,189 202,919
Motor Vehicles 14,202 18,935
166,391 221,854
5. Stocks
2024 2023
£ £
Stock 19,345 18,379
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,300 -
Other debtors 22,854 26,348
27,154 26,348
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 59,708 65,707
Trade creditors 29,126 19,239
Bank loans and overdrafts 3,236 3,611
Other creditors 31,391 27,322
Taxation and social security 456 168
123,917 116,047
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 87,985 147,693
Bank loans 14,259 25,896
Other loans 8,300 -
110,544 173,589
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 59,708 65,707
Later than one year and not later than five years 87,985 147,693
147,693 213,400
147,693 213,400
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5