Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13711772 R J Hobbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13711772 2023-10-31 13711772 2024-10-31 13711772 2023-11-01 2024-10-31 13711772 frs-core:CurrentFinancialInstruments 2024-10-31 13711772 frs-core:Non-currentFinancialInstruments 2024-10-31 13711772 frs-core:ComputerEquipment 2024-10-31 13711772 frs-core:ComputerEquipment 2023-11-01 2024-10-31 13711772 frs-core:ComputerEquipment 2023-10-31 13711772 frs-core:FurnitureFittings 2024-10-31 13711772 frs-core:FurnitureFittings 2023-11-01 2024-10-31 13711772 frs-core:FurnitureFittings 2023-10-31 13711772 frs-core:PlantMachinery 2024-10-31 13711772 frs-core:PlantMachinery 2023-11-01 2024-10-31 13711772 frs-core:PlantMachinery 2023-10-31 13711772 frs-core:ShareCapital 2024-10-31 13711772 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13711772 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13711772 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13711772 frs-bus:SmallEntities 2023-11-01 2024-10-31 13711772 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13711772 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13711772 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 13711772 frs-bus:OrdinaryShareClass1 2024-10-31 13711772 frs-bus:Director1 2023-11-01 2024-10-31 13711772 frs-core:CurrentFinancialInstruments 1 2024-10-31 13711772 frs-countries:EnglandWales 2023-11-01 2024-10-31 13711772 2022-10-31 13711772 2023-10-31 13711772 2022-11-01 2023-10-31 13711772 frs-core:CurrentFinancialInstruments 2023-10-31 13711772 frs-core:Non-currentFinancialInstruments 2023-10-31 13711772 frs-core:ShareCapital 2023-10-31 13711772 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13711772 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 13711772 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 13711772
Urban Edit 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: 13711772
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,134 7,059
Investment Properties 5 1,375,000 1,015,000
1,384,134 1,022,059
CURRENT ASSETS
Stocks 6 248,899 284,120
Debtors 7 1,750 1,436
Cash at bank and in hand 177 3,883
250,826 289,439
Creditors: Amounts Falling Due Within One Year 8 (989,209 ) (686,085 )
NET CURRENT ASSETS (LIABILITIES) (738,383 ) (396,646 )
TOTAL ASSETS LESS CURRENT LIABILITIES 645,751 625,413
Creditors: Amounts Falling Due After More Than One Year 9 (753,842 ) (714,312 )
NET LIABILITIES (108,091 ) (88,899 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (108,092 ) (88,900 )
SHAREHOLDERS' FUNDS (108,091) (88,899)
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
R J Hobbs
Director
24 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
Urban Edit Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13711772 . The registered office is 41a Holloway Road, Duffield, Derbyshire, DE56 4FE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 October 2024 (2023: year ended 31 October 2023).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date, the company has a net current liability position. At the time of signing these accounts, the director has considered all available information and consider that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these accounts.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 20% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Stocks and Work in Progress
Stocks 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. 
2.7. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from banks.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence
of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
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. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 1,865 4,999 1,378 8,242
Additions 1,477 - 3,311 4,788
Disposals - - (1,029 ) (1,029 )
As at 31 October 2024 3,342 4,999 3,660 12,001
Depreciation
As at 1 November 2023 315 483 385 1,183
Provided during the period 700 750 491 1,941
Disposals - - (257 ) (257 )
As at 31 October 2024 1,015 1,233 619 2,867
Net Book Value
As at 31 October 2024 2,327 3,766 3,041 9,134
As at 1 November 2023 1,550 4,516 993 7,059
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 1,015,000
Additions 360,000
As at 31 October 2024 1,375,000
6. Stocks
2024 2023
£ £
Work in progress 248,899 284,120
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,431 858
Prepayments and accrued income 319 578
1,750 1,436
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,454 325
Other loans - 39,530
Loans 250,000 299,999
Accruals and deferred income 254 332
Director's loan account 737,501 345,899
989,209 686,085
Other loans are secured by way of a fixed charge and negative pledge clause over the investment properties and stock.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 753,842 714,312
Other loans are secured by way of a fixed charge and negative pledge clause over the investment properties and stock.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
Page 5