Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02602636 Mrs Victoria Corbett Mr Patrick Tolan Mrs Jacqueline Tolan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02602636 2023-12-31 02602636 2024-12-31 02602636 2024-01-01 2024-12-31 02602636 frs-core:CurrentFinancialInstruments 2024-12-31 02602636 frs-core:Non-currentFinancialInstruments 2024-12-31 02602636 frs-core:ComputerEquipment 2024-12-31 02602636 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02602636 frs-core:ComputerEquipment 2023-12-31 02602636 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 02602636 frs-core:FurnitureFittings 2024-12-31 02602636 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02602636 frs-core:FurnitureFittings 2023-12-31 02602636 frs-core:NetGoodwill 2024-12-31 02602636 frs-core:NetGoodwill 2024-01-01 2024-12-31 02602636 frs-core:NetGoodwill 2023-12-31 02602636 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 02602636 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02602636 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 02602636 frs-core:MotorVehicles 2024-12-31 02602636 frs-core:MotorVehicles 2024-01-01 2024-12-31 02602636 frs-core:MotorVehicles 2023-12-31 02602636 frs-core:OtherResidualIntangibleAssets 2024-12-31 02602636 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 02602636 frs-core:OtherResidualIntangibleAssets 2023-12-31 02602636 frs-core:PlantMachinery 2024-12-31 02602636 frs-core:PlantMachinery 2024-01-01 2024-12-31 02602636 frs-core:PlantMachinery 2023-12-31 02602636 frs-core:RevaluationReserve 2023-12-31 02602636 frs-core:RevaluationReserve 2024-12-31 02602636 frs-core:ShareCapital 2024-12-31 02602636 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02602636 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02602636 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02602636 frs-bus:SmallEntities 2024-01-01 2024-12-31 02602636 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02602636 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02602636 frs-bus:Director1 2024-01-01 2024-12-31 02602636 frs-bus:Director1 2023-12-31 02602636 frs-bus:Director1 2024-12-31 02602636 frs-bus:Director2 2024-01-01 2024-12-31 02602636 frs-bus:Director2 2023-12-31 02602636 frs-bus:Director2 2024-12-31 02602636 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02602636 frs-core:CurrentFinancialInstruments 1 2024-12-31 02602636 frs-countries:EnglandWales 2024-01-01 2024-12-31 02602636 2022-12-31 02602636 2023-12-31 02602636 2023-01-01 2023-12-31 02602636 frs-core:CurrentFinancialInstruments 2023-12-31 02602636 frs-core:Non-currentFinancialInstruments 2023-12-31 02602636 frs-core:RevaluationReserve 2023-12-31 02602636 frs-core:ShareCapital 2023-12-31 02602636 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02602636 frs-core:CurrentFinancialInstruments 1 2023-12-31 02602636 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: 02602636
Aravan Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02602636
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 84,485 75,667
Tangible Assets 5 489,349 488,795
573,834 564,462
CURRENT ASSETS
Stocks 6 13,157 12,654
Debtors 7 394,528 308,979
Cash at bank and in hand 94,001 209,129
501,686 530,762
Creditors: Amounts Falling Due Within One Year 8 (544,119 ) (509,746 )
NET CURRENT ASSETS (LIABILITIES) (42,433 ) 21,016
TOTAL ASSETS LESS CURRENT LIABILITIES 531,401 585,478
Creditors: Amounts Falling Due After More Than One Year 9 (9,092 ) (70,407 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,872 ) (42,733 )
NET ASSETS 479,437 472,338
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 12 135,381 135,381
Profit and Loss Account 343,956 336,857
SHAREHOLDERS' FUNDS 479,437 472,338
Page 1
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For the year ending 31 December 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 Patrick Tolan
Director
13/04/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aravan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02602636 . The registered office is 120-122 Becontree Avenue , Dagenham, Essex, RM8 2TS.
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. 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 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are licenses for Service Master contracts and are amortised to profit and loss account over their estimated economic life of 5 years.
2.5. 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 Held at cost
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
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. 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 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: 254 (2023: 239)
254 239
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 135,690 69,850 205,540
Additions - 16,000 16,000
As at 31 December 2024 135,690 85,850 221,540
Amortisation
As at 1 January 2024 60,023 69,850 129,873
Provided during the period 3,982 3,200 7,182
As at 31 December 2024 64,005 73,050 137,055
Net Book Value
As at 31 December 2024 71,685 12,800 84,485
As at 1 January 2024 75,667 - 75,667
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Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 485,000 8,251 2,838 8,933
Additions - - - 1,248
As at 31 December 2024 485,000 8,251 2,838 10,181
Depreciation
As at 1 January 2024 - 7,274 2,460 7,615
Provided during the period - 244 94 642
As at 31 December 2024 - 7,518 2,554 8,257
Net Book Value
As at 31 December 2024 485,000 733 284 1,924
As at 1 January 2024 485,000 977 378 1,318
Computer Equipment Total
£ £
Cost
As at 1 January 2024 1,958 506,980
Additions 755 2,003
As at 31 December 2024 2,713 508,983
Depreciation
As at 1 January 2024 836 18,185
Provided during the period 469 1,449
As at 31 December 2024 1,305 19,634
Net Book Value
As at 31 December 2024 1,408 489,349
As at 1 January 2024 1,122 488,795
6. Stocks
2024 2023
£ £
Stock 13,157 12,654
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 389,055 304,603
Other debtors 5,100 4,100
Net wages - 276
Directors' loan accounts 373 -
394,528 308,979
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 80,497 73,319
Bank loans and overdrafts 46,815 54,048
Corporation tax 92,455 72,711
Other taxes and social security 52,681 41,020
VAT 188,019 166,139
Other creditors 1,972 15,026
Debentures 17,471 26,869
Accruals and deferred income 63,830 59,854
Directors' loan accounts 379 760
544,119 509,746
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,092 55,207
Debentures 1-2 years - 15,200
9,092 70,407
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Victoria Corbett 205 175 - - 380
Mr Patrick Tolan 555 - 928 - (373 )
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
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2024 2023
£ £
Mrs Victoria Corbett 113,000 83,000
Mr Patrick Tolan 150,500 153,000
12. Reserves
Revaluation Reserve
£
As at 1 January 2024 135,381
As at 31 December 2024 135,381
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