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REGISTERED NUMBER: 06888485 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Advanced Company Software Ltd

Advanced Company Software Ltd (Registered number: 06888485)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Advanced Company Software Ltd (Registered number: 06888485)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,131 8,248

CURRENT ASSETS
Debtors 5 80,686 101,810
Cash at bank - 3,156
80,686 104,966
CREDITORS
Amounts falling due within one year 6 84,530 96,658
NET CURRENT (LIABILITIES)/ASSETS (3,844 ) 8,308
TOTAL ASSETS LESS CURRENT LIABILITIES 2,287 16,556

CREDITORS
Amounts falling due after more than one year 7 (6,166 ) (16,520 )

PROVISIONS FOR LIABILITIES (1,533 ) -
NET (LIABILITIES)/ASSETS (5,412 ) 36

RESERVES
Share premium 2,000 2,000
Retained earnings (7,412 ) (1,964 )
SHAREHOLDERS' FUNDS (5,412 ) 36

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mr C D Morrall - Director


Advanced Company Software Ltd (Registered number: 06888485)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Advanced Company Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06888485

Registered office: Suite B1.6(A)
Clarence Mill Business Centre
Clarence Road
Bollington
Cheshire
SK10 5JZ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Computer equipment is fully written down.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Advanced Company Software Ltd (Registered number: 06888485)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Intra group transfer
On 1 November 2023 by way of an intra group transfer, Advanced Company Software Limited 'ACS' ( a 100 per cent subsidiary of Tugger Holdings Limited ) transferred its employees to Tugger Limited (a 100 per cent subsidiary of Tugger Holdings Limited). At the same date of 1 November 2023 ACS transferred all of the intellectual property and business interests either developed by or held by ACS in the Tugger App, Tugger software and Tugger business to Tugger Limited.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 15,335 35,670 51,005
DEPRECIATION
At 1 November 2023 7,672 35,085 42,757
Charge for year 1,532 585 2,117
At 31 October 2024 9,204 35,670 44,874
NET BOOK VALUE
At 31 October 2024 6,131 - 6,131
At 31 October 2023 7,663 585 8,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,628 4,629
Other debtors 60,058 97,181
80,686 101,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,248 10,098
Trade creditors 1,887 8,557
Taxation and social security 3,987 28,537
Other creditors 54,408 49,466
84,530 96,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,166 16,520

Advanced Company Software Ltd (Registered number: 06888485)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr C D Morrall
Balance outstanding at start of year 17,095 17,095
Amounts advanced 433 -
Amounts repaid (450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,078 17,095

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Tugger Holding Limited.