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 10840091 Mr L Alonso Mr S Leong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10840091 2023-10-31 10840091 2024-10-31 10840091 2023-11-01 2024-10-31 10840091 frs-core:CurrentFinancialInstruments 2024-10-31 10840091 frs-core:FurnitureFittings 2024-10-31 10840091 frs-core:FurnitureFittings 2023-11-01 2024-10-31 10840091 frs-core:FurnitureFittings 2023-10-31 10840091 frs-core:PlantMachinery 2024-10-31 10840091 frs-core:PlantMachinery 2023-11-01 2024-10-31 10840091 frs-core:PlantMachinery 2023-10-31 10840091 frs-core:ShareCapital 2024-10-31 10840091 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10840091 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10840091 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10840091 frs-bus:SmallEntities 2023-11-01 2024-10-31 10840091 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10840091 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10840091 frs-bus:Director1 2023-11-01 2024-10-31 10840091 frs-bus:Director2 2023-11-01 2024-10-31 10840091 frs-countries:EnglandWales 2023-11-01 2024-10-31 10840091 2022-10-31 10840091 2023-10-31 10840091 2022-11-01 2023-10-31 10840091 frs-core:CurrentFinancialInstruments 2023-10-31 10840091 frs-core:ShareCapital 2023-10-31 10840091 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10840091
Bunk (Wollaton Street) Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10840091
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,355 37,946
30,355 37,946
CURRENT ASSETS
Stocks 5 12,146 13,238
Debtors 6 333,182 276,863
Cash at bank and in hand 16,347 35,078
361,675 325,179
Creditors: Amounts Falling Due Within One Year 7 (107,981 ) (72,711 )
NET CURRENT ASSETS (LIABILITIES) 253,694 252,468
TOTAL ASSETS LESS CURRENT LIABILITIES 284,049 290,414
NET ASSETS 284,049 290,414
CAPITAL AND RESERVES
Called up share capital 8 120 120
Profit and Loss Account 283,929 290,294
SHAREHOLDERS' FUNDS 284,049 290,414
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 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bunk (Wollaton Street) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10840091 . The registered office is 550 Valley Road, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
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Page 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 6,873 93,784 100,657
As at 31 October 2024 6,873 93,784 100,657
Depreciation
As at 1 November 2023 5,058 57,653 62,711
Provided during the period 364 7,227 7,591
As at 31 October 2024 5,422 64,880 70,302
Net Book Value
As at 31 October 2024 1,451 28,904 30,355
As at 1 November 2023 1,815 36,131 37,946
5. Stocks
2024 2023
£ £
Stock 12,146 13,238
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 333,182 276,863
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,470 12,882
Corporation tax 288 613
Other taxes and social security 2,130 2,215
VAT 13,992 16,052
Other creditors 70,306 33,154
Directors' loan accounts 7,795 7,795
107,981 72,711
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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