Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03090398 Mrs Deborah Brooks Mr Ryan Brooks Mrs Deborah Brooks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03090398 2023-09-30 03090398 2024-09-30 03090398 2023-10-01 2024-09-30 03090398 frs-core:CurrentFinancialInstruments 2024-09-30 03090398 frs-core:Non-currentFinancialInstruments 2024-09-30 03090398 frs-core:ComputerEquipment 2024-09-30 03090398 frs-core:ComputerEquipment 2023-10-01 2024-09-30 03090398 frs-core:ComputerEquipment 2023-09-30 03090398 frs-core:FurnitureFittings 2024-09-30 03090398 frs-core:FurnitureFittings 2023-10-01 2024-09-30 03090398 frs-core:FurnitureFittings 2023-09-30 03090398 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 03090398 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 03090398 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 03090398 frs-core:MotorVehicles 2024-09-30 03090398 frs-core:MotorVehicles 2023-10-01 2024-09-30 03090398 frs-core:MotorVehicles 2023-09-30 03090398 frs-core:PlantMachinery 2023-10-01 2024-09-30 03090398 frs-core:WithinOneYear 2024-09-30 03090398 frs-core:ShareCapital 2024-09-30 03090398 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03090398 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03090398 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03090398 frs-bus:SmallEntities 2023-10-01 2024-09-30 03090398 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03090398 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03090398 frs-core:DeferredTaxation 2023-10-01 2024-09-30 03090398 frs-core:DeferredTaxation 2023-09-30 03090398 frs-core:DeferredTaxation 2024-09-30 03090398 frs-bus:Director1 2023-10-01 2024-09-30 03090398 frs-bus:Director1 2023-09-30 03090398 frs-bus:Director1 2024-09-30 03090398 frs-bus:Director2 2023-10-01 2024-09-30 03090398 frs-bus:Director2 2023-09-30 03090398 frs-bus:Director2 2024-09-30 03090398 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 03090398 frs-countries:EnglandWales 2023-10-01 2024-09-30 03090398 2022-09-30 03090398 2023-09-30 03090398 2022-10-01 2023-09-30 03090398 frs-core:CurrentFinancialInstruments 2023-09-30 03090398 frs-core:Non-currentFinancialInstruments 2023-09-30 03090398 frs-core:WithinOneYear 2023-09-30 03090398 frs-core:ShareCapital 2023-09-30 03090398 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03090398
Qubestor Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03090398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,657 33,384
21,657 33,384
CURRENT ASSETS
Stocks 5 1,126 123,208
Debtors 6 418,307 584,301
Cash at bank and in hand 325,038 325,710
744,471 1,033,219
Creditors: Amounts Falling Due Within One Year 7 (271,836 ) (592,078 )
NET CURRENT ASSETS (LIABILITIES) 472,635 441,141
TOTAL ASSETS LESS CURRENT LIABILITIES 494,292 474,525
Creditors: Amounts Falling Due After More Than One Year 8 - (40,178 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,415 ) (8,346 )
NET ASSETS 488,877 426,001
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 488,777 425,901
SHAREHOLDERS' FUNDS 488,877 426,001
Page 1
Page 2
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 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 Ryan Brooks
Director
20th 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
Qubestor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03090398 . The registered office is Ingleby Place Pool Furlong, Clent, Stourbridge, DY9 9RE.
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:
Leasehold 10% on cost
Plant & Machinery 20% on cost
Motor Vehicles 33% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 33% 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.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 9 (2023: 8)
9 8
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 14,648 56,278 6,398 15,913 93,237
Additions - - - 135 135
As at 30 September 2024 14,648 56,278 6,398 16,048 93,372
Depreciation
As at 1 October 2023 2,635 36,958 4,451 15,809 59,853
Provided during the period 4,689 6,376 649 148 11,862
As at 30 September 2024 7,324 43,334 5,100 15,957 71,715
Net Book Value
As at 30 September 2024 7,324 12,944 1,298 91 21,657
As at 1 October 2023 12,013 19,320 1,947 104 33,384
5. Stocks
2024 2023
£ £
Stock 1,126 1,270
Work in progress - 121,938
1,126 123,208
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 218,021 351,355
Other debtors 200,286 232,946
418,307 584,301
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,995 31,253
Bank loans and overdrafts 28,834 44,734
Other creditors 27,293 291,188
Taxation and social security 212,714 224,903
271,836 592,078
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 40,178
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 28,834 84,912
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 8,346 8,346
Reversals (2,931 ) (2,931)
Balance at 30 September 2024 5,415 5,415
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 45,918 49,418
45,918 49,418
13. 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 Deborah Brooks 93,229 168,671 169,452 - 92,448
Mr Ryan Brooks 93,229 168,671 169,453 - 92,447
The above loan is unsecured, interest free and repayable on demand.
Page 5