Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09272353 Mr L Alonso Mr S Leong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09272353 2023-10-31 09272353 2024-10-31 09272353 2023-11-01 2024-10-31 09272353 frs-core:CurrentFinancialInstruments 2024-10-31 09272353 frs-core:Non-currentFinancialInstruments 2024-10-31 09272353 frs-core:FurnitureFittings 2024-10-31 09272353 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09272353 frs-core:FurnitureFittings 2023-10-31 09272353 frs-core:PlantMachinery 2024-10-31 09272353 frs-core:PlantMachinery 2023-11-01 2024-10-31 09272353 frs-core:PlantMachinery 2023-10-31 09272353 frs-core:ShareCapital 2024-10-31 09272353 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09272353 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09272353 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09272353 frs-bus:SmallEntities 2023-11-01 2024-10-31 09272353 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09272353 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09272353 frs-bus:Director1 2023-11-01 2024-10-31 09272353 frs-bus:Director2 2023-11-01 2024-10-31 09272353 frs-countries:EnglandWales 2023-11-01 2024-10-31 09272353 2022-10-31 09272353 2023-10-31 09272353 2022-11-01 2023-10-31 09272353 frs-core:CurrentFinancialInstruments 2023-10-31 09272353 frs-core:Non-currentFinancialInstruments 2023-10-31 09272353 frs-core:ShareCapital 2023-10-31 09272353 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09272353
Bunk (Nottingham) Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09272353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,130 25,409
14,130 25,409
CURRENT ASSETS
Stocks 5 9,825 10,571
Debtors 6 341,752 342,252
Cash at bank and in hand 9,071 18,835
360,648 371,658
Creditors: Amounts Falling Due Within One Year 7 (57,959 ) (61,544 )
NET CURRENT ASSETS (LIABILITIES) 302,689 310,114
TOTAL ASSETS LESS CURRENT LIABILITIES 316,819 335,523
Creditors: Amounts Falling Due After More Than One Year 8 (5,356 ) (15,368 )
NET ASSETS 311,463 320,155
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 311,461 320,153
SHAREHOLDERS' FUNDS 311,463 320,155
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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 L Alonso
Director
26 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. General Information
Bunk (Nottingham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09272353 . The registered office is 550 Valley Rd Basford, Nottingham, NG5 1JJ.
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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% straight line
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 42 (2023: 44)
42 44
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 17,980 118,712 136,692
Additions 790 - 790
As at 31 October 2024 18,770 118,712 137,482
Depreciation
As at 1 November 2023 9,276 102,007 111,283
Provided during the period 2,324 9,745 12,069
As at 31 October 2024 11,600 111,752 123,352
Net Book Value
As at 31 October 2024 7,170 6,960 14,130
As at 1 November 2023 8,704 16,705 25,409
5. Stocks
2024 2023
£ £
Stock 9,825 10,571
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 341,752 342,252
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,435 19,648
Bank loans and overdrafts 10,012 10,011
Corporation tax 993 25
Other taxes and social security 3,330 2,092
VAT 10,652 16,305
Other creditors - pension 74 -
Directors' loan accounts 13,463 13,463
57,959 61,544
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,356 15,368
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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