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 08948849 Mr R I Blow Mr M J Woolhouse Mrs S L Hughes Mr O I Blow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08948849 2023-10-31 08948849 2024-10-31 08948849 2023-11-01 2024-10-31 08948849 frs-core:CurrentFinancialInstruments 2024-10-31 08948849 frs-core:Non-currentFinancialInstruments 2024-10-31 08948849 frs-core:BetweenOneFiveYears 2024-10-31 08948849 frs-core:FurnitureFittings 2024-10-31 08948849 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08948849 frs-core:FurnitureFittings 2023-10-31 08948849 frs-core:NetGoodwill 2024-10-31 08948849 frs-core:NetGoodwill 2023-11-01 2024-10-31 08948849 frs-core:NetGoodwill 2023-10-31 08948849 frs-core:MoreThanFiveYears 2024-10-31 08948849 frs-core:PlantMachinery 2024-10-31 08948849 frs-core:PlantMachinery 2023-11-01 2024-10-31 08948849 frs-core:PlantMachinery 2023-10-31 08948849 frs-core:WithinOneYear 2024-10-31 08948849 frs-core:ShareCapital 2024-10-31 08948849 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08948849 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08948849 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08948849 frs-bus:SmallEntities 2023-11-01 2024-10-31 08948849 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08948849 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08948849 frs-bus:Director1 2023-11-01 2024-10-31 08948849 frs-bus:Director2 2023-11-01 2024-10-31 08948849 frs-bus:Director3 2023-11-01 2024-10-31 08948849 frs-bus:Director4 2023-11-01 2024-10-31 08948849 frs-countries:EnglandWales 2023-11-01 2024-10-31 08948849 2022-10-31 08948849 2023-10-31 08948849 2022-11-01 2023-10-31 08948849 frs-core:CurrentFinancialInstruments 2023-10-31 08948849 frs-core:Non-currentFinancialInstruments 2023-10-31 08948849 frs-core:BetweenOneFiveYears 2023-10-31 08948849 frs-core:MoreThanFiveYears 2023-10-31 08948849 frs-core:WithinOneYear 2023-10-31 08948849 frs-core:ShareCapital 2023-10-31 08948849 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08948849
I O GLOSSOP LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08948849
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 25,470
Tangible Assets 5 75,462 86,783
75,462 112,253
CURRENT ASSETS
Stocks 6 57,047 53,826
Debtors 7 18,191 13,838
Cash at bank and in hand 16,463 60,555
91,701 128,219
Creditors: Amounts Falling Due Within One Year 8 (141,632 ) (172,757 )
NET CURRENT ASSETS (LIABILITIES) (49,931 ) (44,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,531 67,715
Creditors: Amounts Falling Due After More Than One Year 9 (6,275 ) (28,983 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,100 ) (20,900 )
NET ASSETS 1,156 17,832
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 1,056 17,732
SHAREHOLDERS' FUNDS 1,156 17,832
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 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 Income Statement.
On behalf of the board
Mr O I Blow
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
I O GLOSSOP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08948849 . The registered office is 55a Portland Square, Sutton-in-Ashfield, NG17 1AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2.2. Turnover
Turnover is the total amount receivable by the Company in the ordinary course of the business for services provided, excludiing VAT.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquistion of a business in 2015, is being amortised evenly over its estimated useful life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 33.33% and 10% reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 254,673
As at 31 October 2024 254,673
Amortisation
As at 1 November 2023 229,203
Provided during the period 25,470
As at 31 October 2024 254,673
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 25,470
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Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 114,939 85,002 199,941
Additions 620 - 620
As at 31 October 2024 115,559 85,002 200,561
Depreciation
As at 1 November 2023 63,780 49,378 113,158
Provided during the period 7,767 4,174 11,941
As at 31 October 2024 71,547 53,552 125,099
Net Book Value
As at 31 October 2024 44,012 31,450 75,462
As at 1 November 2023 51,159 35,624 86,783
6. Stocks
2024 2023
£ £
Finished goods 57,047 53,826
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,531 9,025
Prepayments and accrued income 4,366 3,493
Other debtors 1,294 1,320
18,191 13,838
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,678 29,968
Bank loans and overdrafts 10,000 10,000
Amounts owed to participating interests 68,233 74,839
Other creditors 9,640 23,235
Taxation and social security 33,081 34,715
141,632 172,757
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 1,275 13,983
Bank loans 5,000 15,000
6,275 28,983
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
Lease commitments
The total non-cancellable operating  lease commitments which are not included in the balance sheet at 31 October 2024 amount to £367,414 (2023 : £403,919) and are split as follows:
2024 2023
£ £
Not later than one year 32,915 39,561
Later than one year and not later than five years 113,040 116,654
Later than five years 221,459 247,704
367,414 403,919
12. Directors Advances, Credits and Guarantees
Guarantees and contingent assets and liabilities
Bank loans and overdrafts
The bank loans are secured by charges on various assets and by personal guarantees of the directors up to the value of the loan.
13. Related Party Transactions
Mr M Woolhouse and Mr R I Blow are both directors of I O Glossop Limited. I O Glossop Limited is 50% owned by Mr M Woolhouse and 50% owned by D I Blow Opticians Ltd, D I Blow Opticians Ltd is wholly owned by DI Blow Topco Limited.
At 31st October 2024 D I Blow Opticians Ltd are owed £67,233 (2023: £74,839) by I O Glossop Limited. D I Blow Opticians Ltd had charged £107,149 (2023: £126,383) for various costs incurred on behalf of I O Glossop Limited in the year.
R I Blow Ltd charged I O Glossop Limited £28,000 for rental of a property in the year.
At 31st October 2024 Mr M Woolhouse is owed £5,193 (2023: £17,882) by the Company. 
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