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 05083831 Mr Jonathan Mallett Mr Matthew Bullock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05083831 2023-09-30 05083831 2024-09-30 05083831 2023-10-01 2024-09-30 05083831 frs-core:CurrentFinancialInstruments 2024-09-30 05083831 frs-core:Non-currentFinancialInstruments 2024-09-30 05083831 frs-core:FurnitureFittings 2024-09-30 05083831 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05083831 frs-core:FurnitureFittings 2023-09-30 05083831 frs-core:ShareCapital 2024-09-30 05083831 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05083831 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05083831 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05083831 frs-bus:SmallEntities 2023-10-01 2024-09-30 05083831 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05083831 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05083831 frs-bus:Director1 2023-10-01 2024-09-30 05083831 frs-bus:Director2 2023-10-01 2024-09-30 05083831 frs-core:Non-currentFinancialInstruments 1 2024-09-30 05083831 frs-core:Non-currentFinancialInstruments 2 2024-09-30 05083831 frs-core:Non-currentFinancialInstruments 6 2024-09-30 05083831 frs-countries:EnglandWales 2023-10-01 2024-09-30 05083831 2022-09-30 05083831 2023-09-30 05083831 2022-10-01 2023-09-30 05083831 frs-core:CurrentFinancialInstruments 2023-09-30 05083831 frs-core:Non-currentFinancialInstruments 2023-09-30 05083831 frs-core:ShareCapital 2023-09-30 05083831 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05083831 frs-core:Non-currentFinancialInstruments 1 2023-09-30 05083831 frs-core:Non-currentFinancialInstruments 2 2023-09-30 05083831 frs-core:Non-currentFinancialInstruments 5 2023-09-30 05083831 frs-core:Non-currentFinancialInstruments 6 2023-09-30
Registered number: 05083831
No Limits (South West) Limited
Financial Statements
For The Year Ended 30 September 2024
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05083831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 94,866 115,310
94,866 115,310
CURRENT ASSETS
Stocks 5 228,000 219,000
Debtors 6 2,045,007 2,276,922
Cash at bank and in hand (2,634 ) 17,973
2,270,373 2,513,895
Creditors: Amounts Falling Due Within One Year 7 (89,245 ) (26,299 )
NET CURRENT ASSETS (LIABILITIES) 2,181,128 2,487,596
TOTAL ASSETS LESS CURRENT LIABILITIES 2,275,994 2,602,906
Creditors: Amounts Falling Due After More Than One Year 8 (25,788 ) (65,655 )
NET ASSETS 2,250,206 2,537,251
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,250,106 2,537,151
SHAREHOLDERS' FUNDS 2,250,206 2,537,251
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 Jonathan Mallett
Director
11 November 2024
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
No Limits (South West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05083831 . The registered office is The Old Temperance House, 34/36 Fore Street, Bovey Tracey, Devon, TQ13 9AE.
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:
Fixtures & Fittings 15% Reducing Balance Method
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: 14 (2023: 14)
14 14
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 399,320
As at 30 September 2024 399,320
Depreciation
As at 1 October 2023 284,010
Provided during the period 17,297
Impairment losses 3,147
As at 30 September 2024 304,454
...CONTINUED
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Net Book Value
As at 30 September 2024 94,866
As at 1 October 2023 115,310
5. Stocks
2024 2023
£ £
Stock 228,000 219,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,030 2,922
The Official Receiver - (Debtors <1 year) 26,977 -
30,007 2,922
Due after more than one year
KRMJ Construction Ltd 1,007,000 650,000
Endellion SW Ltd 418,000 660,000
Ultra Smooth Ltd 440,000 440,000
S Taylor - 324,000
Party Delights Ltd 150,000 200,000
2,015,000 2,274,000
2,045,007 2,276,922
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,414 1,772
Other taxes and social security 11,156 6,743
VAT 15,157 9,469
Net wages - 2,850
Other creditors 538 701
Accruals and deferred income 4,980 4,764
89,245 26,299
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,788 35,655
Other creditors - 30,000
25,788 65,655
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5