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 NI609233 Mr Wesley Cunningham Mrs Glynis Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI609233 2023-10-31 NI609233 2024-10-31 NI609233 2023-11-01 2024-10-31 NI609233 frs-core:CurrentFinancialInstruments 2024-10-31 NI609233 frs-core:Non-currentFinancialInstruments 2024-10-31 NI609233 frs-core:FurnitureFittings 2024-10-31 NI609233 frs-core:FurnitureFittings 2023-11-01 2024-10-31 NI609233 frs-core:FurnitureFittings 2023-10-31 NI609233 frs-core:MotorVehicles 2024-10-31 NI609233 frs-core:MotorVehicles 2023-11-01 2024-10-31 NI609233 frs-core:MotorVehicles 2023-10-31 NI609233 frs-core:ShareCapital 2024-10-31 NI609233 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI609233 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI609233 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 NI609233 frs-bus:SmallEntities 2023-11-01 2024-10-31 NI609233 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 NI609233 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI609233 frs-core:UnlistedNon-exchangeTraded 2024-10-31 NI609233 frs-core:UnlistedNon-exchangeTraded 2023-10-31 NI609233 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 NI609233 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 NI609233 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 NI609233 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 NI609233 frs-bus:Director1 2023-11-01 2024-10-31 NI609233 frs-bus:Director2 2023-11-01 2024-10-31 NI609233 frs-bus:Director2 2023-10-31 NI609233 frs-bus:Director2 2024-10-31 NI609233 frs-countries:NorthernIreland 2023-11-01 2024-10-31 NI609233 2022-10-31 NI609233 2023-10-31 NI609233 2022-11-01 2023-10-31 NI609233 frs-core:CurrentFinancialInstruments 2023-10-31 NI609233 frs-core:Non-currentFinancialInstruments 2023-10-31 NI609233 frs-core:ShareCapital 2023-10-31 NI609233 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: NI609233
Audiospace Ltd
Financial Statements
For The Year Ended 31 October 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI609233
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,202 27,282
Investments 5 4,619 4,619
24,821 31,901
CURRENT ASSETS
Stocks 6 21,993 32,201
Debtors 7 13,828 16,445
Cash at bank and in hand 17,004 38,508
52,825 87,154
Creditors: Amounts Falling Due Within One Year 8 (18,162 ) (38,586 )
NET CURRENT ASSETS (LIABILITIES) 34,663 48,568
TOTAL ASSETS LESS CURRENT LIABILITIES 59,484 80,469
Creditors: Amounts Falling Due After More Than One Year 9 (6,521 ) (16,500 )
NET ASSETS 52,963 63,969
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 52,961 63,967
SHAREHOLDERS' FUNDS 52,963 63,969
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 Profit and Loss Account.
On behalf of the board
Mr Wesley Cunningham
Director
18 June 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
Audiospace Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI609233 . The registered office is Garvey Studios, 14 Longstone Street, Lisburn, Antrim, BT28 1TP.
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. 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 reducing balance
Fixtures & Fittings 25% on cost
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: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 35,000 9,390 44,390
As at 31 October 2024 35,000 9,390 44,390
Depreciation
As at 1 November 2023 8,750 8,358 17,108
Provided during the period 6,563 517 7,080
As at 31 October 2024 15,313 8,875 24,188
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2024 19,687 515 20,202
As at 1 November 2023 26,250 1,032 27,282
5. Investments
Unlisted
£
Cost
As at 1 November 2023 4,619
As at 31 October 2024 4,619
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 4,619
As at 1 November 2023 4,619
6. Stocks
2024 2023
£ £
Stock 21,993 32,201
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,504 10,973
Other debtors 4,324 5,472
13,828 16,445
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,378 1,126
Bank loans and overdrafts 10,648 10,692
Other creditors 1,455 25,441
Taxation and social security 681 1,327
18,162 38,586
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,521 16,500
Page 4
Page 5
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mrs Glynis Cunningham 225 - - - 225
Loan balances are repayable on demand. The interest rate applied is the official rate for beneficial loan arrangements. 
12. Related Party Transactions
During the year , total dividends of £2,000 (2023 - £8,000) were paid to directors.
Page 5