Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05971555 Mr Jonathan Bromhead Mr Keith Bicknell Mr Lee Rawden Miss Karen Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05971555 2023-10-31 05971555 2024-10-31 05971555 2023-11-01 2024-10-31 05971555 frs-core:CurrentFinancialInstruments 2024-10-31 05971555 frs-core:Non-currentFinancialInstruments 2024-10-31 05971555 frs-core:ComputerEquipment 2024-10-31 05971555 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05971555 frs-core:ComputerEquipment 2023-10-31 05971555 frs-core:FurnitureFittings 2024-10-31 05971555 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05971555 frs-core:FurnitureFittings 2023-10-31 05971555 frs-core:NetGoodwill 2024-10-31 05971555 frs-core:NetGoodwill 2023-11-01 2024-10-31 05971555 frs-core:NetGoodwill 2023-10-31 05971555 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 05971555 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05971555 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 05971555 frs-core:MotorVehicles 2024-10-31 05971555 frs-core:MotorVehicles 2023-11-01 2024-10-31 05971555 frs-core:MotorVehicles 2023-10-31 05971555 frs-core:PlantMachinery 2024-10-31 05971555 frs-core:PlantMachinery 2023-11-01 2024-10-31 05971555 frs-core:PlantMachinery 2023-10-31 05971555 frs-core:CapitalRedemptionReserve 2024-10-31 05971555 frs-core:RevaluationReserve 2024-10-31 05971555 frs-core:ShareCapital 2024-10-31 05971555 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05971555 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05971555 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05971555 frs-bus:SmallEntities 2023-11-01 2024-10-31 05971555 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05971555 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05971555 frs-core:CostValuation 2023-10-31 05971555 frs-core:CostValuation 2024-10-31 05971555 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 05971555 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 05971555 frs-bus:Director1 2023-11-01 2024-10-31 05971555 frs-bus:Director2 2023-11-01 2024-10-31 05971555 frs-bus:Director3 2023-11-01 2024-10-31 05971555 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 05971555 frs-countries:EnglandWales 2023-11-01 2024-10-31 05971555 2022-10-31 05971555 2023-10-31 05971555 2022-11-01 2023-10-31 05971555 frs-core:CurrentFinancialInstruments 2023-10-31 05971555 frs-core:Non-currentFinancialInstruments 2023-10-31 05971555 frs-core:CapitalRedemptionReserve 2023-10-31 05971555 frs-core:RevaluationReserve 2023-10-31 05971555 frs-core:ShareCapital 2023-10-31 05971555 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05971555
Sign Up Systems Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Directors Mr Jonathan Bromhead
Mr Keith Bicknell
Mr Lee Rawden
Secretary Miss Karen Smith
Company Number 05971555
Registered Office Units 1-4 Enterprise Place
Enterprise Close, Burma Road
Blidworth
Nottinghamshire
NG21 0RT
Accountants Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
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Statement of Financial Position
Registered number: 05971555
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,650,425 1,648,072
Investments 6 964 964
1,651,389 1,649,036
CURRENT ASSETS
Stocks 7 302,386 259,053
Debtors 8 374,779 587,758
Cash at bank and in hand 664,696 428,106
1,341,861 1,274,917
Creditors: Amounts Falling Due Within One Year 9 (563,784 ) (602,164 )
NET CURRENT ASSETS (LIABILITIES) 778,077 672,753
TOTAL ASSETS LESS CURRENT LIABILITIES 2,429,466 2,321,789
Creditors: Amounts Falling Due After More Than One Year 10 (427,266 ) (384,269 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (203,421 ) (179,560 )
NET ASSETS 1,798,779 1,757,960
CAPITAL AND RESERVES
Called up share capital 11 1,101 1,101
Revaluation reserve 226,532 198,234
Capital redemption reserve 133 133
Income Statement 1,571,013 1,558,492
SHAREHOLDERS' FUNDS 1,798,779 1,757,960
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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 Jonathan Bromhead
Director
23/07/2025
The notes on pages 4 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sign Up Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05971555 . The registered office is Units 1-4 Enterprise Place, Enterprise Close, Burma Road, Blidworth, Nottinghamshire, NG21 0RT.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Preparation of consolidated financial statements
The financial statements contain information about Sign Up Systems Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements
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
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. 
Amortisation 
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: 
Goodwill  - 5 years 
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates
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:
Freehold Zero
Plant & Machinery 5% - 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures, Fittings and Equipment 5% - 25% reducing balance
Printing Equipment 10% reducing balance & 25% - 33.33% straight line
The freehold property was revalued by D.C. Bladen, an independent surveyor on 21st May 2024 using the market value method.
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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.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
2.7. Taxation
Taxation 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.
2.8. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.9. Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
2.10. Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 5,000
As at 31 October 2024 5,000
Amortisation
As at 1 November 2023 5,000
As at 31 October 2024 5,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures, Fittings and Equipment
£ £ £ £
Cost or Valuation
As at 1 November 2023 900,000 992,321 286,163 179,638
Additions 47,505 1,558 48,230 9,575
Disposals - - (21,595 ) -
Revaluation 52,495 - - -
As at 31 October 2024 1,000,000 993,879 312,798 189,213
Depreciation
As at 1 November 2023 - 594,975 123,494 55,012
Provided during the period - 74,735 48,062 17,412
Disposals - - (13,637 ) -
As at 31 October 2024 - 669,710 157,919 72,424
Net Book Value
As at 31 October 2024 1,000,000 324,169 154,879 116,789
As at 1 November 2023 900,000 397,346 162,669 124,626
Printing Equipment Total
£ £
Cost or Valuation
As at 1 November 2023 129,974 2,488,096
Additions - 106,868
Disposals - (21,595 )
Revaluation - 52,495
As at 31 October 2024 129,974 2,625,864
Depreciation
As at 1 November 2023 66,543 840,024
...CONTINUED
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Provided during the period 8,843 149,052
Disposals - (13,637 )
As at 31 October 2024 75,386 975,439
Net Book Value
As at 31 October 2024 54,588 1,650,425
As at 1 November 2023 63,431 1,648,072
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 697,957
Accumulated depreciation and impairment 138,164
Carrying amount 559,793
6. Investments
Subsidiaries
£
Cost
As at 1 November 2023 964
As at 31 October 2024 964
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 964
As at 1 November 2023 964
7. Stocks
2024 2023
£ £
Materials 282,386 239,053
Work in progress 20,000 20,000
302,386 259,053
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 320,378 449,431
Other debtors 54,401 138,327
374,779 587,758
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 201,514 228,972
Bank loans and overdrafts 103,012 98,385
Other creditors 112,645 138,247
Taxation and social security 146,613 136,560
563,784 602,164
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 427,266 384,269
£249.178 of the bank loans and overdrafts payable is secured against the property in the accounts.
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,101 1,101
12. Directors Advances, Credits and Guarantees
At the balance sheet date, the directors were owed £39,303 (2023: £26,836) by the company.
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