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 05596348 Mr S Taffe Ms L J Down iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05596348 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-10-31 05596348 2023-10-31 05596348 2024-10-31 05596348 2023-11-01 2024-10-31 05596348 frs-core:CurrentFinancialInstruments 2024-10-31 05596348 frs-core:Non-currentFinancialInstruments 2024-10-31 05596348 frs-core:BetweenOneFiveYears 2024-10-31 05596348 frs-core:MotorVehicles 2024-10-31 05596348 frs-core:MotorVehicles 2023-11-01 2024-10-31 05596348 frs-core:MotorVehicles 2023-10-31 05596348 frs-core:PlantMachinery 2024-10-31 05596348 frs-core:PlantMachinery 2023-11-01 2024-10-31 05596348 frs-core:PlantMachinery 2023-10-31 05596348 frs-core:WithinOneYear 2024-10-31 05596348 frs-core:CapitalRedemptionReserve 2024-10-31 05596348 frs-core:ShareCapital 2024-10-31 05596348 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05596348 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05596348 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05596348 frs-bus:SmallEntities 2023-11-01 2024-10-31 05596348 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05596348 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05596348 frs-bus:Director1 2023-11-01 2024-10-31 05596348 frs-bus:Director2 2023-11-01 2024-10-31 05596348 frs-countries:EnglandWales 2023-11-01 2024-10-31 05596348 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-10-31 05596348 2022-10-31 05596348 2023-10-31 05596348 2022-11-01 2023-10-31 05596348 frs-core:CurrentFinancialInstruments 2023-10-31 05596348 frs-core:Non-currentFinancialInstruments 2023-10-31 05596348 frs-core:BetweenOneFiveYears 2023-10-31 05596348 frs-core:WithinOneYear 2023-10-31 05596348 frs-core:CapitalRedemptionReserve 2023-10-31 05596348 frs-core:ShareCapital 2023-10-31 05596348 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05596348
End of the Road Festival Ltd
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: 05596348
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,707 5,895
57,707 5,895
CURRENT ASSETS
Debtors 5 941,009 2,418,926
Cash at bank and in hand 1,598,961 897,325
2,539,970 3,316,251
Creditors: Amounts Falling Due Within One Year 6 (1,876,849 ) (1,728,506 )
NET CURRENT ASSETS (LIABILITIES) 663,121 1,587,745
TOTAL ASSETS LESS CURRENT LIABILITIES 720,828 1,593,640
Creditors: Amounts Falling Due After More Than One Year 7 (29,040 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,775 ) (1,474 )
NET ASSETS 661,013 1,592,166
CAPITAL AND RESERVES
Called up share capital 10 81 81
Capital redemption reserve 22 22
Profit and Loss Account 660,910 1,592,063
SHAREHOLDERS' FUNDS 661,013 1,592,166
Page 1
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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 S Taffe
Director
Ms L J Down
Director
28 July 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
End of the Road Festival Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05596348 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company’s principal activity continues to be that of organising music festivals and entertainment
events.
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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates and value added tax. The
following criteria must also be met before revenue is recognised:
Sale of goods
  • Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usuallyassociated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured
  • reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
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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
Motor Vehicles 25% reducing balance
2.4. 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 the profit and loss account as incurred.
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. 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: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 34,451 - 34,451
Additions 2,296 69,568 71,864
As at 31 October 2024 36,747 69,568 106,315
Depreciation
As at 1 November 2023 28,556 - 28,556
Provided during the period 2,660 17,392 20,052
As at 31 October 2024 31,216 17,392 48,608
Net Book Value
As at 31 October 2024 5,531 52,176 57,707
As at 1 November 2023 5,895 - 5,895
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 176,114 1,165,982
Amounts owed by group undertakings - 476,339
Other debtors 764,895 776,605
941,009 2,418,926
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,499 -
Trade creditors 81,920 98,056
Other loans (117 ) 62
Amounts owed to group undertakings 24,123 -
Other creditors 1,283,468 1,096,112
Taxation and social security 478,956 534,276
1,876,849 1,728,506
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,040 -
8. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Other loans (117 ) 62
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,499 -
Later than one year and not later than five years 29,040 -
37,539 -
37,539 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 81 81
11. Pension Commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,779 (2023 - £2,854). Contributions totalling £564 (2023 - £536) were payable to the fund at the balance sheet date and are included in creditors.
12. Directors Advances, Credits and Guarantees
Included in other debtors due within one year is a loan to the director, S Taffe, amounting to £505,462 (2023 - £533,564).
Interest has been charged on this loan at HMRC authorised rates.
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13. Related Party Disclosures
The directors S Taffe and L Down are also directors of Feral Peacock Ltd, a UK registered company.
At the end of the year there was an outstanding amount of £NIL (2023 - £476,339) due from Feral Peacock Ltd. This amount is included in other debtors.
At the end of the year there was an outstanding amount of £(24,123) (2023 - £(NIL)) due to Feral Peacock Ltd. This amount is included in other creditors.
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