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 10300052 Mr N W Connolly Mr C P Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10300052 2023-09-30 10300052 2024-09-30 10300052 2023-10-01 2024-09-30 10300052 frs-core:CurrentFinancialInstruments 2024-09-30 10300052 frs-core:Non-currentFinancialInstruments 2024-09-30 10300052 frs-core:BetweenOneFiveYears 2024-09-30 10300052 frs-core:MotorVehicles 2024-09-30 10300052 frs-core:MotorVehicles 2023-10-01 2024-09-30 10300052 frs-core:MotorVehicles 2023-09-30 10300052 frs-core:PlantMachinery 2024-09-30 10300052 frs-core:PlantMachinery 2023-10-01 2024-09-30 10300052 frs-core:PlantMachinery 2023-09-30 10300052 frs-core:WithinOneYear 2024-09-30 10300052 frs-core:ShareCapital 2024-09-30 10300052 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10300052 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10300052 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10300052 frs-bus:SmallEntities 2023-10-01 2024-09-30 10300052 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10300052 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10300052 frs-bus:Director1 2023-10-01 2024-09-30 10300052 frs-bus:Director2 2023-10-01 2024-09-30 10300052 frs-core:CurrentFinancialInstruments 2 2024-09-30 10300052 frs-core:CurrentFinancialInstruments 5 2024-09-30 10300052 frs-core:CurrentFinancialInstruments 6 2024-09-30 10300052 frs-countries:EnglandWales 2023-10-01 2024-09-30 10300052 2022-09-30 10300052 2023-09-30 10300052 2022-10-01 2023-09-30 10300052 frs-core:CurrentFinancialInstruments 2023-09-30 10300052 frs-core:Non-currentFinancialInstruments 2023-09-30 10300052 frs-core:BetweenOneFiveYears 2023-09-30 10300052 frs-core:MotorVehicles 2022-10-01 2023-09-30 10300052 frs-core:WithinOneYear 2023-09-30 10300052 frs-core:ShareCapital 2023-09-30 10300052 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10300052 frs-core:CurrentFinancialInstruments 2 2023-09-30 10300052 frs-core:CurrentFinancialInstruments 5 2023-09-30 10300052 frs-core:CurrentFinancialInstruments 6 2023-09-30
Registered number: 10300052
Abbey Group International Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10300052
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,000 3,917
46,000 3,917
CURRENT ASSETS
Stocks 5 320,211 88,901
Debtors 6 2,287,997 3,154,353
Cash at bank and in hand 31,858 16,905
2,640,066 3,260,159
Creditors: Amounts Falling Due Within One Year 7 (1,794,650 ) (2,652,840 )
NET CURRENT ASSETS (LIABILITIES) 845,416 607,319
TOTAL ASSETS LESS CURRENT LIABILITIES 891,416 611,236
Creditors: Amounts Falling Due After More Than One Year 8 (45,261 ) (13,366 )
NET ASSETS 846,155 597,870
CAPITAL AND RESERVES
Called up share capital 11 101 101
Profit and Loss Account 846,054 597,769
SHAREHOLDERS' FUNDS 846,155 597,870
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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 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 N W Connolly
Director
25 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Abbey Group International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10300052 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.

2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Plant and machinery 25% Reducing balance
Motor vehicles 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Taxation
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 year 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2023: 55)
50 55
4. Tangible Assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
As at 1 October 2023 4,000 - 4,000
Additions - 52,999 52,999
As at 30 September 2024 4,000 52,999 56,999
Depreciation
As at 1 October 2023 83 - 83
Provided during the period 979 9,937 10,916
As at 30 September 2024 1,062 9,937 10,999
Net Book Value
As at 30 September 2024 2,938 43,062 46,000
As at 1 October 2023 3,917 - 3,917
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor vehicles 43,062 -
5. Stocks
2024 2023
£ £
Stock 188,247 88,901
Work in progress 131,964 -
320,211 88,901
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,550,006 1,259,060
Prepayments and accrued income 58,847 1,653,170
Other debtors 614,630 206,499
Unpaid shares 101 101
Deferred tax current asset 955 35,523
VAT 63,458 -
2,287,997 3,154,353
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,526 -
Trade creditors 1,181,405 1,026,198
Bank loans and overdrafts 7,638 8,093
Corporation tax 6,302 -
Other taxes and social security 32,097 26,415
VAT - 19,210
Other creditors 234,947 31,866
Pension fund 5,781 4,535
C Jones 159,460 108,789
Accruals and deferred income 162,409 298,615
Directors' loan accounts 85 -
Amounts owed to group undertakings - 1,129,119
1,794,650 2,652,840
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,078 -
Bank loans 6,183 13,366
45,261 13,366
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 43,604 -
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,526 -
Later than one year and not later than five years 39,078 -
43,604 -
43,604 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
12. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
13. Related Party Transactions
The following related party transactions were undertaken during the year:
At the balance sheet date the amount owed to the director by the company was £85 (2023: £nil).
The aggregate remuneration paid to key management personnel for the year totalled £7,218 (2023: £7,218)
Dividends were paid to the director in respect of his shareholding totalling £40,200 (2023: £nil).
At the balance sheet date a company under common control owed the company £56,931 (2023 : £206,499)
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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