Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12977643 Mr N J Gorringe Mr D J Hitchen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12977643 2023-10-31 12977643 2024-10-31 12977643 2023-11-01 2024-10-31 12977643 frs-core:CurrentFinancialInstruments 2024-10-31 12977643 frs-core:ComputerEquipment 2024-10-31 12977643 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12977643 frs-core:ComputerEquipment 2023-10-31 12977643 frs-core:FurnitureFittings 2024-10-31 12977643 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12977643 frs-core:FurnitureFittings 2023-10-31 12977643 frs-core:PlantMachinery 2024-10-31 12977643 frs-core:PlantMachinery 2023-11-01 2024-10-31 12977643 frs-core:PlantMachinery 2023-10-31 12977643 frs-core:ShareCapital 2024-10-31 12977643 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12977643 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12977643 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12977643 frs-bus:SmallEntities 2023-11-01 2024-10-31 12977643 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12977643 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12977643 frs-bus:Director1 2023-11-01 2024-10-31 12977643 frs-bus:Director2 2023-11-01 2024-10-31 12977643 frs-countries:EnglandWales 2023-11-01 2024-10-31 12977643 2022-10-31 12977643 2023-10-31 12977643 2022-11-01 2023-10-31 12977643 frs-core:CurrentFinancialInstruments 2023-10-31 12977643 frs-core:ShareCapital 2023-10-31 12977643 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12977643 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 12977643
Afterguard Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12977643
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,423 8,378
10,423 8,378
CURRENT ASSETS
Debtors 5 34,294 32,793
Cash at bank and in hand 144,729 189,968
179,023 222,761
Creditors: Amounts Falling Due Within One Year 6 (410,749 ) (627,429 )
NET CURRENT ASSETS (LIABILITIES) (231,726 ) (404,668 )
TOTAL ASSETS LESS CURRENT LIABILITIES (221,303 ) (396,290 )
NET LIABILITIES (221,303 ) (396,290 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (221,403 ) (396,390 )
SHAREHOLDERS' FUNDS (221,303) (396,290)
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 D J Hitchen
Director
24/06/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Afterguard Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12977643 . The registered office is 8 Martinfield Business Centre, Welwyn Garden City, Hertfordshire, AL7 1HG.
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. Going Concern Disclosure
The company made a loss after tax for the year ending 31 March 2024 of £824,509 resulting in a balance sheet deficit of £1,220,799 at the balance sheet date. The directors of the company have given assurances that they will continue there financial support such that the company will be able to meet its liabilities as they fall due.
In light of the above and after taking into account all information that could reasonably be expected to be available, the directors are confident that the company will continue in operational existence for the foreseeable future, and that the going concern basis is appropriate for the preparation of the company's financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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 33% on cost
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 252 2,024 10,125 12,401
Additions - - 7,459 7,459
As at 31 October 2024 252 2,024 17,584 19,860
Depreciation
As at 1 November 2023 234 715 3,074 4,023
Provided during the period 18 564 4,832 5,414
As at 31 October 2024 252 1,279 7,906 9,437
Net Book Value
As at 31 October 2024 - 745 9,678 10,423
As at 1 November 2023 18 1,309 7,051 8,378
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 341
Prepayments and accrued income 296 4,287
Other debtors 25,833 20,000
Corporation tax recoverable assets 8,165 8,165
34,294 32,793
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 387,572 134
Bank loans and overdrafts 16 16
Other taxes and social security 4,853 45,549
VAT 1,252 41,206
Other creditors - 537,018
Pensions Payable - 1,366
Accruals and deferred income 2,279 2,140
Directors' loan accounts 14,777 -
410,749 627,429
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
During the year Afterguard Ltd invoiced Cartridge King (Jersey) Limited for services with a value of £Nil (2023 : £28,200).
During the year Silver Business Consulting Ltd invoiced Afterguard Ltd for services with a value of £24,154 (2023 : £8,693).
As at 31 October 2024 Franchise1 Ltd owed Afterguard Ltd £25,833. (2023: £20,000).
Afterguard Ltd, Cartridge King Limited, Cartridge King (Jersey) Limited and Silver Business Consulting Ltd all have the same director and shareholder, Mr D J Hitchen.
Afterguard Ltd, Franchise1 Ltd and Cartridge King (Jersey) Limited have the same director and shareholder.
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