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 NI034680 Mr Wesley Cunningham Mr David Andrew Calvert John Benjamin Calvert Robert Ross Calvert Mr Wesley Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI034680 2023-10-31 NI034680 2024-10-31 NI034680 2023-11-01 2024-10-31 NI034680 frs-core:CurrentFinancialInstruments 2024-10-31 NI034680 frs-core:Non-currentFinancialInstruments 2024-10-31 NI034680 frs-core:ComputerEquipment 2024-10-31 NI034680 frs-core:ComputerEquipment 2023-11-01 2024-10-31 NI034680 frs-core:ComputerEquipment 2023-10-31 NI034680 frs-core:FurnitureFittings 2024-10-31 NI034680 frs-core:FurnitureFittings 2023-11-01 2024-10-31 NI034680 frs-core:FurnitureFittings 2023-10-31 NI034680 frs-core:MotorVehicles 2024-10-31 NI034680 frs-core:MotorVehicles 2023-11-01 2024-10-31 NI034680 frs-core:MotorVehicles 2023-10-31 NI034680 frs-core:ShareCapital 2024-10-31 NI034680 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI034680 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI034680 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 NI034680 frs-bus:SmallEntities 2023-11-01 2024-10-31 NI034680 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 NI034680 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI034680 frs-bus:Director1 2023-11-01 2024-10-31 NI034680 frs-bus:Director2 2023-11-01 2024-10-31 NI034680 frs-bus:Director3 2023-11-01 2024-10-31 NI034680 frs-bus:Director4 2023-11-01 2024-10-31 NI034680 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 NI034680 frs-countries:NorthernIreland 2023-11-01 2024-10-31 NI034680 2022-10-31 NI034680 2023-10-31 NI034680 2022-11-01 2023-10-31 NI034680 frs-core:CurrentFinancialInstruments 2023-10-31 NI034680 frs-core:Non-currentFinancialInstruments 2023-10-31 NI034680 frs-core:ShareCapital 2023-10-31 NI034680 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: NI034680
Workshop (NI) 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: NI034680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,355 18,629
12,355 18,629
CURRENT ASSETS
Stocks 5 258,769 215,886
Debtors 6 1,310,179 1,542,640
Cash at bank and in hand 342,817 623,454
1,911,765 2,381,980
Creditors: Amounts Falling Due Within One Year 7 (983,821 ) (1,447,476 )
NET CURRENT ASSETS (LIABILITIES) 927,944 934,504
TOTAL ASSETS LESS CURRENT LIABILITIES 940,299 953,133
Creditors: Amounts Falling Due After More Than One Year 8 (6,673 ) (16,336 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (172 ) (863 )
NET ASSETS 933,454 935,934
CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Profit and Loss Account 833,454 835,934
SHAREHOLDERS' FUNDS 933,454 935,934
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
Robert Ross Calvert
Director
18 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Workshop (NI) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI034680 . The registered office is 17 Oxford Street, Belfast, Northern Ireland, BT1 3LA.
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% cost
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 88,250 28,600 35,207 152,057
Additions - - 5,140 5,140
As at 31 October 2024 88,250 28,600 40,347 157,197
Depreciation
As at 1 November 2023 72,275 26,626 34,527 133,428
Provided during the period 9,350 494 1,570 11,414
As at 31 October 2024 81,625 27,120 36,097 144,842
Net Book Value
As at 31 October 2024 6,625 1,480 4,250 12,355
As at 1 November 2023 15,975 1,974 680 18,629
5. Stocks
2024 2023
£ £
Stock 258,769 215,886
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,232,106 1,504,871
Other debtors 78,073 37,769
1,310,179 1,542,640
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 397,241 928,433
Other loans 10,648 10,648
Other creditors 368,005 328,060
Taxation and social security 207,927 180,335
983,821 1,447,476
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 6,673 16,336
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
10. Related Party Transactions
During the year, total dividends of £15,000 (2023 - £nil) were paid to director.
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