Acorah Software Products - Accounts Production 16.2.800 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10433807 Mr Christopher Cornelly Mr Sean Haslam Mr Benjamin Ning Mr Garsing Ning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10433807 2023-10-31 10433807 2024-10-31 10433807 2023-11-01 2024-10-31 10433807 frs-core:CurrentFinancialInstruments 2024-10-31 10433807 frs-core:Non-currentFinancialInstruments 2024-10-31 10433807 frs-core:NetGoodwill 2024-10-31 10433807 frs-core:NetGoodwill 2023-11-01 2024-10-31 10433807 frs-core:NetGoodwill 2023-10-31 10433807 frs-core:PlantMachinery 2024-10-31 10433807 frs-core:PlantMachinery 2023-11-01 2024-10-31 10433807 frs-core:PlantMachinery 2023-10-31 10433807 frs-core:ShareCapital 2024-10-31 10433807 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10433807 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10433807 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10433807 frs-bus:SmallEntities 2023-11-01 2024-10-31 10433807 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10433807 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10433807 frs-core:DeferredTaxation 2023-11-01 2024-10-31 10433807 frs-core:DeferredTaxation 2023-10-31 10433807 frs-core:DeferredTaxation 2024-10-31 10433807 frs-bus:Director1 2023-11-01 2024-10-31 10433807 frs-bus:Director2 2023-11-01 2024-10-31 10433807 frs-bus:Director3 2023-11-01 2024-10-31 10433807 frs-bus:Director4 2023-11-01 2024-10-31 10433807 frs-countries:EnglandWales 2023-11-01 2024-10-31 10433807 2022-10-31 10433807 2023-10-31 10433807 2022-11-01 2023-10-31 10433807 frs-core:CurrentFinancialInstruments 2023-10-31 10433807 frs-core:Non-currentFinancialInstruments 2023-10-31 10433807 frs-core:ShareCapital 2023-10-31 10433807 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10433807
Ondis Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr Christopher Cornelly
Mr Sean Haslam
Mr Benjamin Ning
Mr Garsing Ning
Company Number 10433807
Registered Office Tmj Business Centre
107 Cavendish Street
Ashton-Under-Lyne
Greater Manchester
OL6 7SW
Accountants Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Ondis Solutions Limited for the year ended 31 October 2024
To assist you to fulfil your duties under the Companies Act 2006,we have prepared for your approval the accounts of Ondis Solutions Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ondis Solutions Limited , as a body, in accordance with the terms of our engagement letter dated 15 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Ondis Solutions Limited and state those matters that we have agreed to state to the directors of Ondis Solutions Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ondis Solutions Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Ondis Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ondis Solutions Limited . You consider that Ondis Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ondis Solutions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28th April 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 2
Page 3
Balance Sheet
Registered number: 10433807
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,366 40,721
Tangible Assets 5 3,806 3,586
30,172 44,307
CURRENT ASSETS
Stocks 6 222,808 209,583
Debtors 7 45,570 5,306
Cash at bank and in hand 495 246,216
268,873 461,105
Creditors: Amounts Falling Due Within One Year 8 (71,513 ) (172,462 )
NET CURRENT ASSETS (LIABILITIES) 197,360 288,643
TOTAL ASSETS LESS CURRENT LIABILITIES 227,532 332,950
Creditors: Amounts Falling Due After More Than One Year 9 (3,483 ) (61,070 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (897 )
NET ASSETS 224,049 270,983
CAPITAL AND RESERVES
Called up share capital 11 300 300
Profit and Loss Account 223,749 270,683
SHAREHOLDERS' FUNDS 224,049 270,983
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Page 4
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 Christopher Cornelly
Director
28th April 2025
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Ondis Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10433807 . The registered office is Tmj Business Centre, 107 Cavendish Street, Ashton-Under-Lyne, Greater Manchester, OL6 7SW.
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 10 years.
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:
Plant & Machinery 10% Straight line menthod
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. 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.
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Page 6
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: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 125,797
As at 31 October 2024 125,797
Amortisation
As at 1 November 2023 85,076
Provided during the period 14,355
As at 31 October 2024 99,431
Net Book Value
As at 31 October 2024 26,366
As at 1 November 2023 40,721
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 6,958
Additions 956
As at 31 October 2024 7,914
...CONTINUED
Page 6
Page 7
Depreciation
As at 1 November 2023 3,372
Provided during the period 736
As at 31 October 2024 4,108
Net Book Value
As at 31 October 2024 3,806
As at 1 November 2023 3,586
6. Stocks
2024 2023
£ £
Stock 222,808 209,583
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 3,210 3,498
Other debtors 42,360 1,808
45,570 5,306
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,359 106,301
Bank loans and overdrafts 3,800 4,091
Other creditors 5,630 15,943
Taxation and social security 29,724 46,127
71,513 172,462
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,483 6,563
Other creditors - 54,507
3,483 61,070
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2023 897 897
Utilised (29,934 ) (29,934)
Balance at 31 October 2024 (29,037 ) (29,037)
Page 7
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11. Share Capital
2024
2023
£
£
75 Ordinary A shares at £1.00 each
75
75
75 Ordinary A1 shares at £1.00 each
75
75
50 Ordinary B shares at £1.00 each
50
50
50 Ordinary B1 shares at £1.00 each
50
50
35 Ordinary C shares at £1.00 each
35
35
15 Ordinary D shares at £1.00 each
15
15
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300
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300
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