Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 02311481 Mr Alan Davies Mrs Michelle Davies Mr Dean Goodman Mrs Michelle Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02311481 2023-10-31 02311481 2024-10-31 02311481 2023-11-01 2024-10-31 02311481 frs-core:CurrentFinancialInstruments 2024-10-31 02311481 frs-core:Non-currentFinancialInstruments 2024-10-31 02311481 frs-core:BetweenOneFiveYears 2024-10-31 02311481 frs-core:MotorVehicles 2024-10-31 02311481 frs-core:MotorVehicles 2023-11-01 2024-10-31 02311481 frs-core:MotorVehicles 2023-10-31 02311481 frs-core:PlantMachinery 2024-10-31 02311481 frs-core:PlantMachinery 2023-11-01 2024-10-31 02311481 frs-core:PlantMachinery 2023-10-31 02311481 frs-core:WithinOneYear 2024-10-31 02311481 frs-core:ShareCapital 2024-10-31 02311481 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02311481 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02311481 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02311481 frs-bus:SmallEntities 2023-11-01 2024-10-31 02311481 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02311481 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02311481 frs-bus:Director1 2023-11-01 2024-10-31 02311481 frs-bus:Director2 2023-11-01 2024-10-31 02311481 frs-bus:Director3 2023-11-01 2024-10-31 02311481 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02311481 frs-countries:EnglandWales 2023-11-01 2024-10-31 02311481 2022-10-31 02311481 2023-10-31 02311481 2022-11-01 2023-10-31 02311481 frs-core:CurrentFinancialInstruments 2023-10-31 02311481 frs-core:Non-currentFinancialInstruments 2023-10-31 02311481 frs-core:BetweenOneFiveYears 2023-10-31 02311481 frs-core:WithinOneYear 2023-10-31 02311481 frs-core:ShareCapital 2023-10-31 02311481 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 02311481
Comway Investments Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02311481
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 160,162 168,280
160,162 168,280
CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 35,249 55,636
Cash at bank and in hand 8,514 7,271
51,763 70,907
Creditors: Amounts Falling Due Within One Year 6 (78,592 ) (71,615 )
NET CURRENT ASSETS (LIABILITIES) (26,829 ) (708 )
TOTAL ASSETS LESS CURRENT LIABILITIES 133,333 167,572
Creditors: Amounts Falling Due After More Than One Year 7 (79,058 ) (78,637 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (8,730 ) (15,442 )
NET ASSETS 45,545 73,493
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 45,445 73,393
SHAREHOLDERS' FUNDS 45,545 73,493
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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 Alan Davies
Director
01/07/2025
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
Comway Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02311481 . The registered office is Staple House, 5 Eleanors Cross, Dunstable, Bedfordshire,, England, LU6 1SU.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.6. 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.
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2.7. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 245,779 197,157 442,936
Additions 6,292 44,496 50,788
Disposals (13,995 ) (49,634 ) (63,629 )
As at 31 October 2024 238,076 192,019 430,095
Depreciation
As at 1 November 2023 212,465 62,191 274,656
Provided during the period 8,741 40,763 49,504
Disposals (11,504 ) (42,723 ) (54,227 )
As at 31 October 2024 209,702 60,231 269,933
Net Book Value
As at 31 October 2024 28,374 131,788 160,162
As at 1 November 2023 33,314 134,966 168,280
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,991 54,189
Other debtors 258 1,447
35,249 55,636
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,850 9,725
Trade creditors 22,488 36,957
Other creditors 13,200 13,393
Taxation and social security 26,054 11,540
78,592 71,615
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,958 25,933
Other creditors 43,100 52,704
79,058 78,637
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,850 9,725
Later than one year and not later than five years 35,958 25,933
52,808 35,658
52,808 35,658
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 8,730 15,442
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Reserves
Profit and Loss Account
The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.
12. Related Party Transactions
As at balance sheet date, included in creditors were amounts due to directors of £56,300 (2023: £66,000), this also includes long term loans.
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