Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04516606 Mrs Angela Martin Mr Richard Martin Mrs Angela Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04516606 2023-10-31 04516606 2024-10-31 04516606 2023-11-01 2024-10-31 04516606 frs-core:CurrentFinancialInstruments 2024-10-31 04516606 frs-core:Non-currentFinancialInstruments 2024-10-31 04516606 frs-core:BetweenOneFiveYears 2024-10-31 04516606 frs-core:FurnitureFittings 2024-10-31 04516606 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04516606 frs-core:FurnitureFittings 2023-10-31 04516606 frs-core:NetGoodwill 2024-10-31 04516606 frs-core:NetGoodwill 2023-11-01 2024-10-31 04516606 frs-core:NetGoodwill 2023-10-31 04516606 frs-core:MotorVehicles 2024-10-31 04516606 frs-core:MotorVehicles 2023-11-01 2024-10-31 04516606 frs-core:MotorVehicles 2023-10-31 04516606 frs-core:WithinOneYear 2024-10-31 04516606 frs-core:ShareCapital 2024-10-31 04516606 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04516606 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04516606 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04516606 frs-bus:SmallEntities 2023-11-01 2024-10-31 04516606 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04516606 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04516606 frs-bus:Director1 2023-11-01 2024-10-31 04516606 frs-bus:Director2 2023-11-01 2024-10-31 04516606 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04516606 frs-countries:EnglandWales 2023-11-01 2024-10-31 04516606 2022-10-31 04516606 2023-10-31 04516606 2022-11-01 2023-10-31 04516606 frs-core:CurrentFinancialInstruments 2023-10-31 04516606 frs-core:Non-currentFinancialInstruments 2023-10-31 04516606 frs-core:BetweenOneFiveYears 2023-10-31 04516606 frs-core:WithinOneYear 2023-10-31 04516606 frs-core:ShareCapital 2023-10-31 04516606 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04516606
Signright Graphics Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04516606
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 42,146 57,812
42,146 57,812
CURRENT ASSETS
Stocks 6 2,000 2,000
Debtors 7 35,339 30,680
Cash at bank and in hand 97,016 97,370
134,355 130,050
Creditors: Amounts Falling Due Within One Year 8 (62,409 ) (45,164 )
NET CURRENT ASSETS (LIABILITIES) 71,946 84,886
TOTAL ASSETS LESS CURRENT LIABILITIES 114,092 142,698
Creditors: Amounts Falling Due After More Than One Year 9 (22,477 ) (26,385 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (10,536 ) (4,887 )
NET ASSETS 81,079 111,426
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 80,979 111,326
SHAREHOLDERS' FUNDS 81,079 111,426
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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 Angela Martin
Director
09/06/2025
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
Signright Graphics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04516606 . The registered office is Connaught Business Centre Unit C1 Imperial Way, Purley Way, Croydon, CR0 4RR.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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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2.7. 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: 3 (2023: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 15,000
As at 31 October 2024 15,000
Amortisation
As at 1 November 2023 15,000
As at 31 October 2024 15,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 68,554 56,867 125,421
Additions - 8,470 8,470
As at 31 October 2024 68,554 65,337 133,891
...CONTINUED
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Depreciation
As at 1 November 2023 21,534 46,075 67,609
Provided during the period 17,139 6,997 24,136
As at 31 October 2024 38,673 53,072 91,745
Net Book Value
As at 31 October 2024 29,881 12,265 42,146
As at 1 November 2023 47,020 10,792 57,812
6. Stocks
2024 2023
£ £
Work in progress 2,000 2,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,887 28,669
Other debtors 4,452 2,011
35,339 30,680
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,036 3,161
Trade creditors 2,169 -
Other creditors 31,420 8,866
Taxation and social security 24,784 33,137
62,409 45,164
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,477 26,385
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,036 3,161
Later than one year and not later than five years 22,477 26,385
26,513 29,546
26,513 29,546
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11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 10,536 4,887
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Pension Commitments
The company operates a defined pension contribution scheme.The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension costs change represents contributions payable by the company to the fund and amounted to £5,554 (2023 - £5,554).
Contributions totalling £147 (2023 - £147) were payable to the fund at the balance sheet date and are included in other creditors.
14. Related Party Transactions
As at the balance sheet date included in other creditors are amount £29,108 (2023 - £5,409) due to the directors of the company.
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