Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 06410002 Stefan Siegel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06410002 2023-10-31 06410002 2024-10-31 06410002 2023-11-01 2024-10-31 06410002 frs-core:CurrentFinancialInstruments 2024-10-31 06410002 frs-core:Non-currentFinancialInstruments 2024-10-31 06410002 frs-core:ComputerEquipment 2024-10-31 06410002 frs-core:ComputerEquipment 2023-11-01 2024-10-31 06410002 frs-core:ComputerEquipment 2023-10-31 06410002 frs-core:FurnitureFittings 2024-10-31 06410002 frs-core:FurnitureFittings 2023-11-01 2024-10-31 06410002 frs-core:FurnitureFittings 2023-10-31 06410002 frs-core:SharePremium 2024-10-31 06410002 frs-core:ShareCapital 2024-10-31 06410002 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06410002 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06410002 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 06410002 frs-bus:SmallEntities 2023-11-01 2024-10-31 06410002 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06410002 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06410002 frs-core:UnlistedNon-exchangeTraded 2024-10-31 06410002 frs-core:UnlistedNon-exchangeTraded 2023-10-31 06410002 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 06410002 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 06410002 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 06410002 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 06410002 frs-bus:Director1 2023-11-01 2024-10-31 06410002 frs-countries:EnglandWales 2023-11-01 2024-10-31 06410002 2022-10-31 06410002 2023-10-31 06410002 2022-11-01 2023-10-31 06410002 frs-core:CurrentFinancialInstruments 2023-10-31 06410002 frs-core:Non-currentFinancialInstruments 2023-10-31 06410002 frs-core:SharePremium 2023-10-31 06410002 frs-core:ShareCapital 2023-10-31 06410002 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 06410002
Not Just A Label Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06410002
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 370 774
Investments 5 75,416 75,416
75,786 76,190
CURRENT ASSETS
Debtors 6 1,118,182 929,803
Cash at bank and in hand 25,331 97,730
1,143,513 1,027,533
Creditors: Amounts Falling Due Within One Year 7 (367,899 ) (157,644 )
NET CURRENT ASSETS (LIABILITIES) 775,614 869,889
TOTAL ASSETS LESS CURRENT LIABILITIES 851,400 946,079
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (18,000 )
NET ASSETS 841,400 928,079
CAPITAL AND RESERVES
Called up share capital 9 54,624 54,624
Share premium account 749,247 749,247
Profit and Loss Account 37,529 124,208
SHAREHOLDERS' FUNDS 841,400 928,079
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
Stefan Siegel
Director
01/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Not Just A Label Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06410002 . The registered office is 207 Regent Street, Suite 8, Third Floor, London, W1B 3HH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Fixtures & Fittings 5 years straight line basis
Computer Equipment 3 years straight line basis
2.5. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.  If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.
Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.
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.
Page 3
Page 4
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 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.
2.8. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries within the group.
2.9. Preparation of consolidated financial statements
Under Financial Reporting Standard 102, Section 1A, the company is exempt from the requirement to prepare consolidated financial statements on the grounds that it qualifies as a small group. These financial statements present information about the company as an individual undertaking and not about its group
2.10. Research and development
Expenditure on research and development is written off as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 1,479 3,292 4,771
As at 31 October 2024 1,479 3,292 4,771
Depreciation
As at 1 November 2023 1,479 2,518 3,997
Provided during the period - 404 404
As at 31 October 2024 1,479 2,922 4,401
Net Book Value
As at 31 October 2024 - 370 370
As at 1 November 2023 - 774 774
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 November 2023 75,416
As at 31 October 2024 75,416
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 75,416
As at 1 November 2023 75,416
The undertakings in which the company held an interest during the year are as follows:
Not Just A Label, Inc. - 100% of the ordinary share capital in the wholly owned subsidiary, incorporated in the United States of America.
Not Just A Label, UG. - 100% of the ordinary share capital in the wholly owned subsidiary, incorporated in Germany.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 366 -
Prepayments and accrued income 105,888 2,249
Other debtors - 159
VAT 1,989 1,362
Amounts owed by subsidiaries 1,009,939 926,033
1,118,182 929,803
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,034 2,445
Bank loans and overdrafts 11,745 8,000
Accruals and deferred income 26,291 25,978
Director's loan account 239,928 120,000
Amounts owed to subsidiaries 83,901 1,221
367,899 157,644
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 18,000
The company has a COVID bounce back loan with Coutts Bank of £18,000 (2023: £26,000).
Page 5
Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 54,624 54,624
10. Related Party Transactions
During the year ended 31 October 2024 the company received loans from S Siegel of £120,000 (2023: £120,000) and repaid £72 (2023: £nil). As at 31 October 2024, Not Just A Label Limited owed £239,928 (2023: £120,000) to S Siegel, a director and shareholder. All balances attract a nil rate of interest and are repayable on demand.
Page 6