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Registered number: 13685503
Anchor Paving & Building Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Anchor Paving & Building Limited for the year ended 31 October 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Anchor Paving & Building Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Anchor Paving & Building Limited , as a body, in accordance with the terms of our engagement letter dated 05 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Anchor Paving & Building Limited and state those matters that we have agreed to state to the directors of Anchor Paving & Building Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anchor Paving & Building Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Anchor Paving & Building Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Anchor Paving & Building Limited . You consider that Anchor Paving & Building Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Anchor Paving & Building Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
14th July 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 13685503
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,929 5,929
Tangible Assets 5 93,615 111,532
97,544 117,461
CURRENT ASSETS
Stocks 6 10,962 20,164
Debtors 7 56,132 15,760
Cash at bank and in hand 31,978 210,457
99,072 246,381
Creditors: Amounts Falling Due Within One Year 8 (80,792 ) (92,270 )
NET CURRENT ASSETS (LIABILITIES) 18,280 154,111
TOTAL ASSETS LESS CURRENT LIABILITIES 115,824 271,572
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,952 ) (16,431 )
NET ASSETS 103,872 255,141
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 103,772 255,041
SHAREHOLDERS' FUNDS 103,872 255,141
Page 2
Page 3
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 Thomas Lowther
Director
14th July 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Anchor Paving & Building Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13685503 . The registered office is Stapeley House, London Road, Stapeley, CW5 7JW.
The company's principal place of trading is Stapeley House, London Road, Stapeley, CW5 7JW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
All freehold land is carried at fair value determined annually and derived from the current fair value, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 N/A
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 33% Straight line
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.
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Page 5
2.6. 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 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 10,000
As at 31 October 2024 10,000
Amortisation
As at 1 November 2023 4,071
Provided during the period 2,000
As at 31 October 2024 6,071
Net Book Value
As at 31 October 2024 3,929
As at 1 November 2023 5,929
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 45,807 37,395 38,333 450 121,985
Additions - 6,425 29,417 916 36,758
Disposals - (6,100 ) (38,333 ) - (44,433 )
As at 31 October 2024 45,807 37,720 29,417 1,366 114,310
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 November 2023 - 8,675 1,602 176 10,453
Provided during the period - 6,669 5,054 317 12,040
Disposals - (196 ) (1,602 ) - (1,798 )
As at 31 October 2024 - 15,148 5,054 493 20,695
Net Book Value
As at 31 October 2024 45,807 22,572 24,363 873 93,615
As at 1 November 2023 45,807 28,720 36,731 274 111,532
6. Stocks
2024 2023
£ £
Stock 10,962 7,814
Work in progress - 12,350
10,962 20,164
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,960 14,180
Amounts owed by group undertakings 136 -
Other debtors 2,036 1,580
56,132 15,760
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,530 9,408
Other creditors 13,309 12,668
Taxation and social security 42,953 70,194
80,792 92,270
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2023 16,431 16,431
Reversals (4,479 ) (4,479)
Balance at 31 October 2024 11,952 11,952
Page 6
Page 7
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
90 Ordinary A shares of £ 1.00 each 90 90
10 Ordinary B shares of £ 1.00 each 10 10
100 100
Page 7