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 08620373 Mrs Tehseen Syed Mr Raza Syed Mr Raza Syed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08620373 2023-10-31 08620373 2024-10-31 08620373 2023-11-01 2024-10-31 08620373 frs-core:CurrentFinancialInstruments 2024-10-31 08620373 frs-core:Non-currentFinancialInstruments 2024-10-31 08620373 frs-core:BetweenOneFiveYears 2024-10-31 08620373 frs-core:ComputerEquipment 2024-10-31 08620373 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08620373 frs-core:ComputerEquipment 2023-10-31 08620373 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 08620373 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 08620373 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08620373 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 08620373 frs-core:MotorVehicles 2024-10-31 08620373 frs-core:MotorVehicles 2023-11-01 2024-10-31 08620373 frs-core:MotorVehicles 2023-10-31 08620373 frs-core:OtherResidualIntangibleAssets 2024-10-31 08620373 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 08620373 frs-core:OtherResidualIntangibleAssets 2023-10-31 08620373 frs-core:WithinOneYear 2024-10-31 08620373 frs-core:ShareCapital 2024-10-31 08620373 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08620373 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08620373 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08620373 frs-bus:SmallEntities 2023-11-01 2024-10-31 08620373 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08620373 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08620373 frs-core:CostValuation 2023-10-31 08620373 frs-core:CostValuation 2024-10-31 08620373 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 08620373 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 08620373 frs-bus:Director1 2023-11-01 2024-10-31 08620373 frs-bus:Director2 2023-11-01 2024-10-31 08620373 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 08620373 frs-countries:EnglandWales 2023-11-01 2024-10-31 08620373 2022-10-31 08620373 2023-10-31 08620373 2022-11-01 2023-10-31 08620373 frs-core:CurrentFinancialInstruments 2023-10-31 08620373 frs-core:Non-currentFinancialInstruments 2023-10-31 08620373 frs-core:BetweenOneFiveYears 2023-10-31 08620373 frs-core:WithinOneYear 2023-10-31 08620373 frs-core:ShareCapital 2023-10-31 08620373 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08620373
Str Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08620373
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,412 50,270
Tangible Assets 5 73,584 80,442
Investments 6 3,792 3,792
121,788 134,504
CURRENT ASSETS
Debtors 7 320,037 228,226
Cash at bank and in hand 4,573 52,879
324,610 281,105
Creditors: Amounts Falling Due Within One Year 8 (173,991 ) (137,979 )
NET CURRENT ASSETS (LIABILITIES) 150,619 143,126
TOTAL ASSETS LESS CURRENT LIABILITIES 272,407 277,630
Creditors: Amounts Falling Due After More Than One Year 9 (117,866 ) (144,820 )
NET ASSETS 154,541 132,810
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 154,441 132,710
SHAREHOLDERS' FUNDS 154,541 132,810
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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 Raza Syed
Director
03/11/2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Str Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08620373 . The registered office is 239 The Broadway, Southall, Middlesex, UB1 1ND.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are intellectual property. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Leasehold 15% Reduce balance method
Motor Vehicles 15% reducing balance method
Computer Equipment 15% reducing balance method
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
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4. Intangible Assets
Other
£
Cost
As at 1 November 2023 73,702
As at 31 October 2024 73,702
Amortisation
As at 1 November 2023 23,432
Provided during the period 5,858
As at 31 October 2024 29,290
Net Book Value
As at 31 October 2024 44,412
As at 1 November 2023 50,270
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 63,624 28,098 19,803 111,525
Additions 721 - 5,358 6,079
As at 31 October 2024 64,345 28,098 25,161 117,604
Depreciation
As at 1 November 2023 23,305 1,756 6,022 31,083
Provided during the period 6,120 3,951 2,866 12,937
As at 31 October 2024 29,425 5,707 8,888 44,020
Net Book Value
As at 31 October 2024 34,920 22,391 16,273 73,584
As at 1 November 2023 40,319 26,342 13,781 80,442
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Page 6
6. Investments
Other
£
Cost
As at 1 November 2023 3,792
As at 31 October 2024 3,792
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 3,792
As at 1 November 2023 3,792
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 210,329 161,345
Other debtors 109,708 66,881
320,037 228,226
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,968 8,968
Trade creditors 14,605 10,844
Bank loans and overdrafts 21,347 21,347
Other creditors 26,039 15,604
Taxation and social security 103,032 81,216
173,991 137,979
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,570 16,995
Bank loans 64,807 84,336
Directors loan account 43,489 43,489
117,866 144,820
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,968 8,968
Later than one year and not later than five years 9,570 16,995
18,538 25,963
18,538 25,963
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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