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 13681402 Mr George Hutchinson Mrs Camilla Hutchinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13681402 2023-10-31 13681402 2024-10-31 13681402 2023-11-01 2024-10-31 13681402 frs-core:CurrentFinancialInstruments 2024-10-31 13681402 frs-core:ComputerEquipment 2024-10-31 13681402 frs-core:ComputerEquipment 2023-11-01 2024-10-31 13681402 frs-core:ComputerEquipment 2023-10-31 13681402 frs-core:ShareCapital 2024-10-31 13681402 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13681402 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13681402 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13681402 frs-bus:SmallEntities 2023-11-01 2024-10-31 13681402 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13681402 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13681402 frs-bus:Director1 2023-11-01 2024-10-31 13681402 frs-bus:Director2 2023-11-01 2024-10-31 13681402 frs-countries:EnglandWales 2023-11-01 2024-10-31 13681402 2022-10-31 13681402 2023-10-31 13681402 2022-11-01 2023-10-31 13681402 frs-core:CurrentFinancialInstruments 2023-10-31 13681402 frs-core:ShareCapital 2023-10-31 13681402 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 13681402
River Effra Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13681402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,104 3,746
6,104 3,746
CURRENT ASSETS
Debtors 5 338,448 304,522
Cash at bank and in hand 524,161 234,168
862,609 538,690
Creditors: Amounts Falling Due Within One Year 6 (424,836 ) (253,070 )
NET CURRENT ASSETS (LIABILITIES) 437,773 285,620
TOTAL ASSETS LESS CURRENT LIABILITIES 443,877 289,366
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,526 ) (936 )
NET ASSETS 442,351 288,430
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 442,251 288,330
SHAREHOLDERS' FUNDS 442,351 288,430
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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 George Hutchinson
Director
24/07/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
River Effra Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13681402 . The registered office is 180 House, 180 Strand, London, WC2R 1EA.
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 (as applicable to companies subject to the small companies' regime).
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.
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 assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Computer Equipment 33.33% on a straight line basis
2.4. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the sterling at the rates prevailing on the reporting period date.
Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
The tax expense for the period comprises current and deferred tax.
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 4,506
Additions 5,415
Disposals (374 )
As at 31 October 2024 9,547
Depreciation
As at 1 November 2023 760
Provided during the period 2,725
Disposals (42 )
As at 31 October 2024 3,443
Net Book Value
As at 31 October 2024 6,104
As at 1 November 2023 3,746
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 315,593 283,290
Prepayments and accrued income 22,855 21,232
338,448 304,522
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,392 27,958
Corporation tax 180,333 102,153
Other taxes and social security 18,948 28,897
VAT 69,363 68,737
Other creditors 3,391 513
Accruals and deferred income 34,500 19,399
Directors' loan accounts 106,909 5,413
424,836 253,070
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
At the Balance Sheet date the company owed Mr G Hutchinson £106,909 (2023 £5,413).
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