Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12191428 Mrs M Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12191428 2023-09-30 12191428 2024-09-30 12191428 2023-10-01 2024-09-30 12191428 frs-core:CurrentFinancialInstruments 2024-09-30 12191428 frs-core:Non-currentFinancialInstruments 2024-09-30 12191428 frs-core:BetweenOneFiveYears 2024-09-30 12191428 frs-core:FurnitureFittings 2024-09-30 12191428 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12191428 frs-core:FurnitureFittings 2023-09-30 12191428 frs-core:NetGoodwill 2024-09-30 12191428 frs-core:NetGoodwill 2023-10-01 2024-09-30 12191428 frs-core:NetGoodwill 2023-09-30 12191428 frs-core:MotorVehicles 2024-09-30 12191428 frs-core:MotorVehicles 2023-10-01 2024-09-30 12191428 frs-core:MotorVehicles 2023-09-30 12191428 frs-core:WithinOneYear 2024-09-30 12191428 frs-core:ShareCapital 2024-09-30 12191428 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12191428 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12191428 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12191428 frs-bus:SmallEntities 2023-10-01 2024-09-30 12191428 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12191428 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12191428 frs-bus:Director1 2023-10-01 2024-09-30 12191428 frs-bus:Director1 2023-09-30 12191428 frs-bus:Director1 2024-09-30 12191428 frs-countries:EnglandWales 2023-10-01 2024-09-30 12191428 2022-09-30 12191428 2023-09-30 12191428 2022-10-01 2023-09-30 12191428 frs-core:CurrentFinancialInstruments 2023-09-30 12191428 frs-core:Non-currentFinancialInstruments 2023-09-30 12191428 frs-core:BetweenOneFiveYears 2023-09-30 12191428 frs-core:WithinOneYear 2023-09-30 12191428 frs-core:ShareCapital 2023-09-30 12191428 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12191428
Adept All In One Ltd
Financial Statements
For The Year Ended 30 September 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12191428
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 - 7,775
Tangible Assets 4 88,532 139,935
88,532 147,710
CURRENT ASSETS
Stocks 5 114,790 109,790
Debtors 6 108,171 174,472
Cash at bank and in hand 10,514 17,239
233,475 301,501
Creditors: Amounts Falling Due Within One Year 7 (246,787 ) (298,753 )
NET CURRENT ASSETS (LIABILITIES) (13,312 ) 2,748
TOTAL ASSETS LESS CURRENT LIABILITIES 75,220 150,458
Creditors: Amounts Falling Due After More Than One Year 8 (82,451 ) (136,334 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,000 ) -
NET (LIABILITIES)/ASSETS (27,231 ) 14,124
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (27,233 ) 14,122
SHAREHOLDERS' FUNDS (27,231) 14,124
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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 her 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 M Smith
Director
18 June 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
1.3. 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.
1.4. 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 5 years.
1.5. 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% reducing balance
Fixtures & Fittings 15% reducing balance
1.6. 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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1.7. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 11 (2023: 9)
11 9
3. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 38,879
As at 30 September 2024 38,879
Amortisation
As at 1 October 2023 31,104
Provided during the period 7,775
As at 30 September 2024 38,879
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 7,775
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 152,405 1,400 153,805
Additions - 799 799
Disposals (29,995 ) - (29,995 )
As at 30 September 2024 122,410 2,199 124,609
Depreciation
As at 1 October 2023 13,317 553 13,870
Provided during the period 29,031 207 29,238
Disposals (7,031 ) - (7,031 )
As at 30 September 2024 35,317 760 36,077
Net Book Value
As at 30 September 2024 87,093 1,439 88,532
As at 1 October 2023 139,088 847 139,935
5. Stocks
2024 2023
£ £
Stock 114,790 109,790
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,103 148,563
Other debtors 57,068 25,909
108,171 174,472
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,482 31,482
Trade creditors 67,673 110,644
Bank loans and overdrafts 10,000 10,000
Other creditors 6,916 9,429
Taxation and social security 130,716 137,198
246,787 298,753
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 75,106 119,095
Bank loans 7,345 17,239
82,451 136,334
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 31,482 31,482
Between one and five years 75,106 119,095
106,588 150,577
106,588 150,577
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings Other
2024 2023 2024 2023
£ £ £ £
Within 1 year 14,400 - 9,382 -
Between 1 and 5 years 14,400 - 10,164 -
28,800 - 19,546 -
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Michelle Smith 7,847 68,922 39,987 - 36,781
The above loan is unsecured and repayable on demand. Interest has been charged.
13. General Information
Adept All In One Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12191428 . The registered office is 139-143 Union Street, Oldham, Greater Manchester, OL1 1TE.
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