Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07848669 Mrs Claire Law Mr Oliver Law iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07848669 2023-11-30 07848669 2024-11-30 07848669 2023-12-01 2024-11-30 07848669 frs-core:CurrentFinancialInstruments 2024-11-30 07848669 frs-core:Non-currentFinancialInstruments 2024-11-30 07848669 frs-core:ComputerEquipment 2024-11-30 07848669 frs-core:ComputerEquipment 2023-12-01 2024-11-30 07848669 frs-core:ComputerEquipment 2023-11-30 07848669 frs-core:FurnitureFittings 2024-11-30 07848669 frs-core:FurnitureFittings 2023-12-01 2024-11-30 07848669 frs-core:FurnitureFittings 2023-11-30 07848669 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 07848669 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 07848669 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 07848669 frs-core:PlantMachinery 2024-11-30 07848669 frs-core:PlantMachinery 2023-12-01 2024-11-30 07848669 frs-core:PlantMachinery 2023-11-30 07848669 frs-core:ShareCapital 2024-11-30 07848669 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07848669 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07848669 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07848669 frs-bus:SmallEntities 2023-12-01 2024-11-30 07848669 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07848669 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07848669 frs-bus:Director1 2023-12-01 2024-11-30 07848669 frs-bus:Director2 2023-12-01 2024-11-30 07848669 frs-countries:EnglandWales 2023-12-01 2024-11-30 07848669 2022-11-30 07848669 2023-11-30 07848669 2022-12-01 2023-11-30 07848669 frs-core:CurrentFinancialInstruments 2023-11-30 07848669 frs-core:Non-currentFinancialInstruments 2023-11-30 07848669 frs-core:ShareCapital 2023-11-30 07848669 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07848669
Oliver Law Security Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Prosper Accountancy Solutions Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07848669
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 191,132 196,244
191,132 196,244
CURRENT ASSETS
Debtors 5 318,211 336,554
Cash at bank and in hand 142,012 192,599
460,223 529,153
Creditors: Amounts Falling Due Within One Year 6 (427,316 ) (441,610 )
NET CURRENT ASSETS (LIABILITIES) 32,907 87,543
TOTAL ASSETS LESS CURRENT LIABILITIES 224,039 283,787
Creditors: Amounts Falling Due After More Than One Year 7 (98,059 ) (149,974 )
NET ASSETS 125,980 133,813
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 125,780 133,613
SHAREHOLDERS' FUNDS 125,980 133,813
For the year ending 30 November 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 Oliver Law
Director
23/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oliver Law Security Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07848669 . The registered office is Unit 4 Avro Park, First Avenue, Doncaster, South Yorkshire, DN9 3RH.
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:
Freehold 0%
Plant & Machinery 25% straight line
Fixtures & Fittings 25% written down value
Computer Equipment 33% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 12)
15 12
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 175,972 39,861 41,839 650 258,322
As at 30 November 2024 175,972 39,861 41,839 650 258,322
Depreciation
As at 1 December 2023 - 39,861 22,217 - 62,078
Provided during the period - - 4,895 217 5,112
As at 30 November 2024 - 39,861 27,112 217 67,190
Net Book Value
As at 30 November 2024 175,972 - 14,727 433 191,132
As at 1 December 2023 175,972 - 19,622 650 196,244
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 210,071 336,554
Prepayments and accrued income 66,755 -
Directors' loan accounts 41,385 -
318,211 336,554
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 219,548 215,424
Bank loans and overdrafts 51,915 51,915
Corporation tax 62,713 83,194
Other taxes and social security 13,996 7,659
VAT 67,031 78,753
Net wages 2,541 -
Other creditors 9,572 4,264
Directors' loan accounts - 401
427,316 441,610
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 98,059 149,974
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4