Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08462221 Mr James Walters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08462221 2023-09-30 08462221 2024-09-30 08462221 2023-10-01 2024-09-30 08462221 frs-core:CurrentFinancialInstruments 2024-09-30 08462221 frs-core:Non-currentFinancialInstruments 2024-09-30 08462221 frs-core:BetweenOneFiveYears 2024-09-30 08462221 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08462221 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 08462221 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 08462221 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 08462221 frs-core:FurnitureFittings 2024-09-30 08462221 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08462221 frs-core:FurnitureFittings 2023-09-30 08462221 frs-core:PlantMachinery 2024-09-30 08462221 frs-core:PlantMachinery 2023-10-01 2024-09-30 08462221 frs-core:PlantMachinery 2023-09-30 08462221 frs-core:WithinOneYear 2024-09-30 08462221 frs-core:ShareCapital 2024-09-30 08462221 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08462221 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08462221 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08462221 frs-bus:SmallEntities 2023-10-01 2024-09-30 08462221 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08462221 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08462221 frs-core:CostValuation 2023-09-30 08462221 frs-core:CostValuation 2024-09-30 08462221 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 08462221 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 08462221 frs-bus:Director1 2023-10-01 2024-09-30 08462221 frs-countries:EnglandWales 2023-10-01 2024-09-30 08462221 2022-09-30 08462221 2023-09-30 08462221 2022-10-01 2023-09-30 08462221 frs-core:CurrentFinancialInstruments 2023-09-30 08462221 frs-core:Non-currentFinancialInstruments 2023-09-30 08462221 frs-core:BetweenOneFiveYears 2023-09-30 08462221 frs-core:WithinOneYear 2023-09-30 08462221 frs-core:ShareCapital 2023-09-30 08462221 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08462221
Arabica Borough Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08462221
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,142 8,242
Tangible Assets 5 75,652 72,174
Investments 6 149,005 149,005
230,799 229,421
CURRENT ASSETS
Stocks 7 20,907 22,864
Debtors 8 1,578,706 1,327,734
Cash at bank and in hand 557,060 601,611
2,156,673 1,952,209
Creditors: Amounts Falling Due Within One Year 9 (497,532 ) (483,839 )
NET CURRENT ASSETS (LIABILITIES) 1,659,141 1,468,370
TOTAL ASSETS LESS CURRENT LIABILITIES 1,889,940 1,697,791
Creditors: Amounts Falling Due After More Than One Year 10 (55,797 ) (79,710 )
NET ASSETS 1,834,143 1,618,081
CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Profit and Loss Account 1,833,143 1,617,081
SHAREHOLDERS' FUNDS 1,834,143 1,618,081
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For the year ending 30 September 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
Mr James Walters
Director
01/04/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Arabica Borough Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08462221 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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% WDV
Fixtures & Fittings 25% WDV
Computer Equipment 25% WDV
2.5. 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2023: 38)
41 38
4. Intangible Assets
Development Costs
£
Cost
As at 1 October 2023 26,450
As at 30 September 2024 26,450
Amortisation
As at 1 October 2023 18,208
Impairment losses 2,100
As at 30 September 2024 20,308
Net Book Value
As at 30 September 2024 6,142
As at 1 October 2023 8,242
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 401,645 178,410 580,055
Additions 14,120 10,625 24,745
As at 30 September 2024 415,765 189,035 604,800
Depreciation
As at 1 October 2023 363,342 144,539 507,881
Provided during the period 12,226 9,041 21,267
As at 30 September 2024 375,568 153,580 529,148
Net Book Value
As at 30 September 2024 40,197 35,455 75,652
As at 1 October 2023 38,303 33,871 72,174
6. Investments
Subsidiaries
£
Cost
As at 1 October 2023 149,005
As at 30 September 2024 149,005
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 149,005
As at 1 October 2023 149,005
7. Stocks
2024 2023
£ £
Finished goods 20,907 22,864
8. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 1,454,613 1,238,868
Other debtors 124,093 88,866
1,578,706 1,327,734
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,490 67,942
Other creditors 256,639 210,106
Taxation and social security 150,403 205,791
497,532 483,839
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 55,797 79,710
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
13. Other Commitments
Operating leases.
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 126,000 126,000
Later than one year and not later than five years 432,197 432,197
558,197 558,197
The amount of non-cancellable operating lease payments recognised as an expense during the year was £152,000 (2023 - £152,000).
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