Acorah Software Products - Accounts Production 16.4.660 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10444788 Mr M A Hopewell Mr J N Shepherd Mrs S V Shepherd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10444788 2023-10-31 10444788 2024-10-31 10444788 2023-11-01 2024-10-31 10444788 frs-core:CurrentFinancialInstruments 2024-10-31 10444788 frs-core:Non-currentFinancialInstruments 2024-10-31 10444788 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10444788 frs-core:FurnitureFittings 2023-11-01 2024-10-31 10444788 frs-core:PlantMachinery 2024-10-31 10444788 frs-core:PlantMachinery 2023-11-01 2024-10-31 10444788 frs-core:PlantMachinery 2023-10-31 10444788 frs-core:ShareCapital 2024-10-31 10444788 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10444788 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10444788 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10444788 frs-bus:SmallEntities 2023-11-01 2024-10-31 10444788 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10444788 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10444788 frs-core:CostValuation 2023-10-31 10444788 frs-core:CostValuation 2024-10-31 10444788 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 10444788 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 10444788 frs-bus:Director1 2023-11-01 2024-10-31 10444788 frs-bus:Director2 2023-11-01 2024-10-31 10444788 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 10444788 frs-countries:EnglandWales 2023-11-01 2024-10-31 10444788 2022-10-31 10444788 2023-10-31 10444788 2022-11-01 2023-10-31 10444788 frs-core:CurrentFinancialInstruments 2023-10-31 10444788 frs-core:Non-currentFinancialInstruments 2023-10-31 10444788 frs-core:ShareCapital 2023-10-31 10444788 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10444788
Morgan Ellis Lifts LTD
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10444788
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 31,384 38,483
Investments 4 16,950 16,950
48,334 55,433
CURRENT ASSETS
Debtors 5 482,863 512,059
Cash at bank and in hand 208,928 101,999
691,791 614,058
Creditors: Amounts Falling Due Within One Year 6 (557,546 ) (481,698 )
NET CURRENT ASSETS (LIABILITIES) 134,245 132,360
TOTAL ASSETS LESS CURRENT LIABILITIES 182,579 187,793
Creditors: Amounts Falling Due After More Than One Year 7 (21,132 ) (27,400 )
NET ASSETS 161,447 160,393
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 161,347 160,293
SHAREHOLDERS' FUNDS 161,447 160,393
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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 Income Statement.
On behalf of the board
Mr M A Hopewell
Director
Mr J N Shepherd
Director
10 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. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
1.4. 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 income statement 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 the income statement as incurred.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
1.6. 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 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
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3. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2023 79,342
Additions 2,573
As at 31 October 2024 81,915
Depreciation
As at 1 November 2023 40,859
Provided during the period 9,672
As at 31 October 2024 50,531
Net Book Value
As at 31 October 2024 31,384
As at 1 November 2023 38,483
4. Investments
Other
£
Cost
As at 1 November 2023 16,950
As at 31 October 2024 16,950
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 16,950
As at 1 November 2023 16,950
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 221,227 450,377
Other debtors 261,636 61,682
482,863 512,059
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 353,385 330,805
Bank loans and overdrafts 6,407 6,545
Other creditors 32,150 29,167
Taxation and social security 165,604 115,181
557,546 481,698
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,132 27,400
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Morgan Ellis Lifts Limited has loaned £22,388 (2023 - £30,667) to Home Lift Aftercare Limited, a company related by key management personnel. This amount is interest free and repayable on demand.
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