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 12923668 Mr Antony Gnanapragasam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12923668 2023-10-31 12923668 2024-10-31 12923668 2023-11-01 2024-10-31 12923668 frs-core:CurrentFinancialInstruments 2024-10-31 12923668 frs-core:Non-currentFinancialInstruments 2024-10-31 12923668 frs-core:NetGoodwill 2024-10-31 12923668 frs-core:NetGoodwill 2023-11-01 2024-10-31 12923668 frs-core:NetGoodwill 2023-10-31 12923668 frs-core:ShareCapital 2024-10-31 12923668 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12923668 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12923668 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12923668 frs-bus:SmallEntities 2023-11-01 2024-10-31 12923668 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12923668 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12923668 frs-bus:Director1 2023-11-01 2024-10-31 12923668 frs-countries:EnglandWales 2023-11-01 2024-10-31 12923668 2022-10-31 12923668 2023-10-31 12923668 2022-11-01 2023-10-31 12923668 frs-core:CurrentFinancialInstruments 2023-10-31 12923668 frs-core:Non-currentFinancialInstruments 2023-10-31 12923668 frs-core:ShareCapital 2023-10-31 12923668 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12923668
ASM Retailers (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12923668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,000 50,000
50,000 50,000
CURRENT ASSETS
Stocks 5 53,250 52,250
Debtors 6 3,750 3,750
Cash at bank and in hand 8,421 4,463
65,421 60,463
Creditors: Amounts Falling Due Within One Year 7 (53,557 ) (33,854 )
NET CURRENT ASSETS (LIABILITIES) 11,864 26,609
TOTAL ASSETS LESS CURRENT LIABILITIES 61,864 76,609
Creditors: Amounts Falling Due After More Than One Year 8 (76,217 ) (78,494 )
NET LIABILITIES (14,353 ) (1,885 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (14,354 ) (1,886 )
SHAREHOLDERS' FUNDS (14,353) (1,885)
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
Mr Antony Gnanapragasam
Director
16/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ASM Retailers (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12923668 . The registered office is 4 Dunkirk Close, Kempston, Bedford, MK42 8TB.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 50,000
As at 31 October 2024 50,000
Net Book Value
As at 31 October 2024 50,000
As at 1 November 2023 50,000
5. Stocks
2024 2023
£ £
Finished goods 53,250 52,250
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Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,750 3,750
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,684 9,223
Bank loans and overdrafts 35,300 21,526
Other taxes and social security 365 27
VAT 1,273 947
Net wages 1,935 2,131
53,557 33,854
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 76,217 78,494
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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