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 07060755 Mrs Robyn Bates Mr James Coles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07060755 2023-10-31 07060755 2024-10-31 07060755 2023-11-01 2024-10-31 07060755 frs-core:CurrentFinancialInstruments 2024-10-31 07060755 frs-core:PlantMachinery 2024-10-31 07060755 frs-core:PlantMachinery 2023-11-01 2024-10-31 07060755 frs-core:PlantMachinery 2023-10-31 07060755 frs-core:ShareCapital 2024-10-31 07060755 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07060755 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07060755 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07060755 frs-bus:SmallEntities 2023-11-01 2024-10-31 07060755 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07060755 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07060755 frs-bus:Director1 2023-11-01 2024-10-31 07060755 frs-bus:Director1 2023-10-31 07060755 frs-bus:Director1 2024-10-31 07060755 frs-bus:Director2 2023-11-01 2024-10-31 07060755 frs-core:CurrentFinancialInstruments 1 2024-10-31 07060755 frs-core:CurrentFinancialInstruments 6 2024-10-31 07060755 frs-countries:EnglandWales 2023-11-01 2024-10-31 07060755 2022-10-31 07060755 2023-10-31 07060755 2022-11-01 2023-10-31 07060755 frs-core:CurrentFinancialInstruments 2023-10-31 07060755 frs-core:ShareCapital 2023-10-31 07060755 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07060755 frs-core:CurrentFinancialInstruments 1 2023-10-31 07060755 frs-core:CurrentFinancialInstruments 6 2023-10-31
Registered number: 07060755
Scott-Bates & Coles Ltd.
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07060755
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 515 687
515 687
CURRENT ASSETS
Debtors 5 337 3,195
Cash at bank and in hand 16,513 20,114
16,850 23,309
Creditors: Amounts Falling Due Within One Year 6 (31,196 ) (37,530 )
NET CURRENT ASSETS (LIABILITIES) (14,346 ) (14,221 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,831 ) (13,534 )
NET LIABILITIES (13,831 ) (13,534 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (13,931 ) (13,634 )
SHAREHOLDERS' FUNDS (13,831) (13,534)
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
Mrs Robyn Bates
Director
27 February 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Scott-Bates & Coles Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07060755 . The registered office is Chestnut Farm, Helland, North Curry, Taunton, Somerset, TA3 6DU.
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:
Plant & Machinery 25% reducing balance
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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Page 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 8,605
As at 31 October 2024 8,605
Depreciation
As at 1 November 2023 7,918
Provided during the period 172
As at 31 October 2024 8,090
Net Book Value
As at 31 October 2024 515
As at 1 November 2023 687
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 135 2,314
Corporation tax recoverable assets - 881
Directors' loan accounts 202 -
337 3,195
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 237 179
Other loans 13,000 14,000
Other taxes and social security 960 692
VAT 4,387 4,365
Client Deposits Control 11,435 15,896
Other creditors (6) 547 -
Accruals and deferred income 630 600
Directors' loan accounts - 1,798
31,196 37,530
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mrs Robyn Bates (1,798 ) 2,312 (312 ) - 202
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
At the year end, 31 October 2024, the directors owed the company £202 (2023: The company owed £1,798) in respect of loans held with the company. These amounts are interest free and repayable on demand
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