Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09261499 Mr Folabi Ogunkoya iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09261499 2023-10-31 09261499 2024-10-31 09261499 2023-11-01 2024-10-31 09261499 frs-core:CurrentFinancialInstruments 2024-10-31 09261499 frs-core:Non-currentFinancialInstruments 2024-10-31 09261499 frs-core:BetweenOneFiveYears 2024-10-31 09261499 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 09261499 frs-core:MotorVehicles 2024-10-31 09261499 frs-core:MotorVehicles 2023-11-01 2024-10-31 09261499 frs-core:MotorVehicles 2023-10-31 09261499 frs-core:OtherResidualIntangibleAssets 2024-10-31 09261499 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 09261499 frs-core:OtherResidualIntangibleAssets 2023-10-31 09261499 frs-core:PlantMachinery 2024-10-31 09261499 frs-core:PlantMachinery 2023-11-01 2024-10-31 09261499 frs-core:PlantMachinery 2023-10-31 09261499 frs-core:WithinOneYear 2024-10-31 09261499 frs-core:ShareCapital 2024-10-31 09261499 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09261499 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09261499 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09261499 frs-bus:SmallEntities 2023-11-01 2024-10-31 09261499 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09261499 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09261499 frs-bus:Director1 2023-11-01 2024-10-31 09261499 frs-countries:EnglandWales 2023-11-01 2024-10-31 09261499 2022-10-31 09261499 2023-10-31 09261499 2022-11-01 2023-10-31 09261499 frs-core:CurrentFinancialInstruments 2023-10-31 09261499 frs-core:Non-currentFinancialInstruments 2023-10-31 09261499 frs-core:BetweenOneFiveYears 2023-10-31 09261499 frs-core:WithinOneYear 2023-10-31 09261499 frs-core:ShareCapital 2023-10-31 09261499 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09261499
STX.NG LTD
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09261499
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,354 22,087
Tangible Assets 5 51,355 63,942
69,709 86,029
CURRENT ASSETS
Debtors 6 183,598 17,035
Cash at bank and in hand 71,028 66,236
254,626 83,271
Creditors: Amounts Falling Due Within One Year 7 (249,325 ) (86,006 )
NET CURRENT ASSETS (LIABILITIES) 5,301 (2,735 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,010 83,294
Creditors: Amounts Falling Due After More Than One Year 8 (70,453 ) (82,531 )
NET ASSETS 4,557 763
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 4,556 762
SHAREHOLDERS' FUNDS 4,557 763
Page 1
Page 2
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 director acknowledges his 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 Folabi Ogunkoya
Director
29 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
STX.NG LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09261499 . The registered office is 5 Minories, London, EC3N 1BJ.
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 internally developed software application 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:
Plant & Machinery - straight line 20%
Motor Vehicles - reducing balance 25%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 50,510
As at 31 October 2024 50,510
Amortisation
As at 1 November 2023 28,423
Provided during the period 3,733
As at 31 October 2024 32,156
Net Book Value
As at 31 October 2024 18,354
As at 1 November 2023 22,087
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 1,049 95,066 96,115
Additions 3,907 - 3,907
As at 31 October 2024 4,956 95,066 100,022
Depreciation
As at 1 November 2023 979 31,194 32,173
Provided during the period 526 15,968 16,494
As at 31 October 2024 1,505 47,162 48,667
Net Book Value
As at 31 October 2024 3,451 47,904 51,355
As at 1 November 2023 70 63,872 63,942
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 183,598 17,035
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,560 6,560
Trade creditors 750 -
Bank loans and overdrafts 5,000 5,000
Other taxes and social security 7,897 6,568
Other creditors 229,118 67,878
249,325 86,006
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,931 49,491
Bank loans 27,522 33,040
70,453 82,531
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,560 6,560
Later than one year and not later than five years 42,931 49,491
49,491 56,051
49,491 56,051
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
As at 31 October 2024, the balance of other creditors includes an amount of £229,118 payable to Cococure House Ltd. Similarly, the balance of other debtors includes an amount of £131,857 receivable from Cococure Minories Ltd. Both Cococure House Ltd and Cococure Minories Ltd are related parties, as they are under the common control of Mr. Folabi Ogunkoya. These amounts are unsecured, interest-free, and repayable on demand.
Page 5