Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 03981437 P Bradburn P Bradburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03981437 2023-10-31 03981437 2024-10-31 03981437 2023-11-01 2024-10-31 03981437 frs-core:PlantMachinery 2024-10-31 03981437 frs-core:PlantMachinery 2023-11-01 2024-10-31 03981437 frs-core:PlantMachinery 2023-10-31 03981437 frs-core:ShareCapital 2024-10-31 03981437 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03981437 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03981437 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03981437 frs-bus:SmallEntities 2023-11-01 2024-10-31 03981437 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03981437 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03981437 frs-core:CostValuation 2023-10-31 03981437 frs-core:CostValuation 2024-10-31 03981437 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 03981437 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 03981437 frs-bus:Director1 2023-11-01 2024-10-31 03981437 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 03981437 frs-countries:EnglandWales 2023-11-01 2024-10-31 03981437 2022-10-31 03981437 2023-10-31 03981437 2022-11-01 2023-10-31 03981437 frs-core:CurrentFinancialInstruments 2023-10-31 03981437 frs-core:ShareCapital 2023-10-31 03981437 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03981437
Goldthorn And Bradburn Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03981437
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,715 -
Investment Properties 5 1,124,284 1,089,605
Investments 6 1 1
1,141,000 1,089,606
CURRENT ASSETS
Debtors 7 725,535 487,226
Cash at bank and in hand 343,500 328,718
1,069,035 815,944
Creditors: Amounts Falling Due Within One Year 8 (750 ) (430,912 )
NET CURRENT ASSETS (LIABILITIES) 1,068,285 385,032
TOTAL ASSETS LESS CURRENT LIABILITIES 2,209,285 1,474,638
NET ASSETS 2,209,285 1,474,638
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 2,209,281 1,474,634
SHAREHOLDERS' FUNDS 2,209,285 1,474,638
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
P Bradburn
Director
03/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldthorn And Bradburn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03981437 . The registered office is 1 The Rock, Marsh Lane, Sheriffhales, Shropshire, TF11 8RB.
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
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 -
Additions 20,894
As at 31 October 2024 20,894
Depreciation
As at 1 November 2023 -
Provided during the period 4,179
As at 31 October 2024 4,179
Net Book Value
As at 31 October 2024 16,715
As at 1 November 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 1,089,605
Additions 34,679
As at 31 October 2024 1,124,284
6. Investments
Subsidiaries
£
Cost
As at 1 November 2023 1
As at 31 October 2024 1
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 1
As at 1 November 2023 1
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 238,309 -
Other debtors 487,226 487,226
725,535 487,226
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings - 411,691
Other creditors 750 4,830
Taxation and social security - 14,391
750 430,912
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Related Party Transactions
During the year, amounts of £Nil (2022: £262,639) was advanced to and amounts of £Nil (2023: £250,000) was repaid by the director during the year. At the year end £349,709 (2022: £349,709) was due from the director to the company. The outstanding balance due to the director is interest free, has no repayment date, is unsecured and is held within other debtors.
At 31 October 2024, the company was owed £238,309 by (2023: owed £411,691 to) companies under common control. All amounts owed to companies under common control are interest free, have no fixed repayment date and are unsecured.
Page 5