Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05888794 D Toone G Toone D Toone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05888794 2023-08-31 05888794 2024-08-31 05888794 2023-09-01 2024-08-31 05888794 frs-core:CurrentFinancialInstruments 2024-08-31 05888794 frs-core:ComputerEquipment 2024-08-31 05888794 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05888794 frs-core:ComputerEquipment 2023-08-31 05888794 frs-core:FurnitureFittings 2024-08-31 05888794 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05888794 frs-core:FurnitureFittings 2023-08-31 05888794 frs-core:PlantMachinery 2024-08-31 05888794 frs-core:PlantMachinery 2023-09-01 2024-08-31 05888794 frs-core:PlantMachinery 2023-08-31 05888794 frs-core:ShareCapital 2024-08-31 05888794 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05888794 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05888794 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05888794 frs-bus:SmallEntities 2023-09-01 2024-08-31 05888794 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05888794 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05888794 frs-bus:Director1 2023-09-01 2024-08-31 05888794 frs-bus:Director2 2023-09-01 2024-08-31 05888794 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05888794 frs-countries:EnglandWales 2023-09-01 2024-08-31 05888794 2022-08-31 05888794 2023-08-31 05888794 2022-09-01 2023-08-31 05888794 frs-core:CurrentFinancialInstruments 2023-08-31 05888794 frs-core:ShareCapital 2023-08-31 05888794 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05888794
Factoti Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05888794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 420 523
420 523
CURRENT ASSETS
Stocks 5 9,382 10,062
Debtors 6 345 1,203
Cash at bank and in hand 1,833 1,468
11,560 12,733
Creditors: Amounts Falling Due Within One Year 7 (141,411 ) (141,113 )
NET CURRENT ASSETS (LIABILITIES) (129,851 ) (128,380 )
TOTAL ASSETS LESS CURRENT LIABILITIES (129,431 ) (127,857 )
NET LIABILITIES (129,431 ) (127,857 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (129,531 ) (127,957 )
SHAREHOLDERS' FUNDS (129,431) (127,857)
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For the year ending 31 August 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
G Toone
Director
10 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Factoti Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05888794 . The registered office is 5 Hanborough Business Park, Long Hanborough, Witney, Oxfordshire, OX29 8LH.
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. 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 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 8,340 480 3,962 12,782
As at 31 August 2024 8,340 480 3,962 12,782
Depreciation
As at 1 September 2023 7,853 444 3,962 12,259
Provided during the period 97 6 - 103
As at 31 August 2024 7,950 450 3,962 12,362
Net Book Value
As at 31 August 2024 390 30 - 420
As at 1 September 2023 487 36 - 523
5. Stocks
2024 2023
£ £
Materials 9,382 10,062
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 858
Other taxes and social security 345 345
345 1,203
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 88 66
VAT 28 148
Other creditors 14 323
Accruals and deferred income 1,080 1,025
Directors' loan accounts 140,201 139,551
141,411 141,113
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at the balance sheet date, the company owed £140,202 to the directors Mr D Richard Toone and Mr G Neil Toone, by way of a directors loan.
The above loan is unsecured, interest free and repayable on demand.
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