Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07798597 MR M Latham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07798597 2023-10-31 07798597 2024-10-31 07798597 2023-11-01 2024-10-31 07798597 frs-core:CurrentFinancialInstruments 2024-10-31 07798597 frs-core:Non-currentFinancialInstruments 2024-10-31 07798597 frs-core:ComputerEquipment 2024-10-31 07798597 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07798597 frs-core:ComputerEquipment 2023-10-31 07798597 frs-core:ShareCapital 2024-10-31 07798597 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07798597 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07798597 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07798597 frs-bus:SmallEntities 2023-11-01 2024-10-31 07798597 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07798597 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07798597 frs-core:CostValuation 2023-10-31 07798597 frs-core:DisposalsRepaymentsInvestments 2024-10-31 07798597 frs-core:CostValuation 2024-10-31 07798597 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 07798597 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 07798597 frs-bus:Director1 2023-11-01 2024-10-31 07798597 frs-countries:EnglandWales 2023-11-01 2024-10-31 07798597 2022-10-31 07798597 2023-10-31 07798597 2022-11-01 2023-10-31 07798597 frs-core:CurrentFinancialInstruments 2023-10-31 07798597 frs-core:Non-currentFinancialInstruments 2023-10-31 07798597 frs-core:ShareCapital 2023-10-31 07798597 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 07798597
All Ears AUdio Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07798597
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 662 993
Investments 5 54,000 67,347
54,662 68,340
CURRENT ASSETS
Debtors 6 43,503 22,470
Cash at bank and in hand 52,676 54,696
96,179 77,166
Creditors: Amounts Falling Due Within One Year 7 (12,101 ) (22,802 )
NET CURRENT ASSETS (LIABILITIES) 84,078 54,364
TOTAL ASSETS LESS CURRENT LIABILITIES 138,740 122,704
Creditors: Amounts Falling Due After More Than One Year 8 (4,428 ) (7,234 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (127 ) (189 )
NET ASSETS 134,185 115,281
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 134,184 115,280
SHAREHOLDERS' FUNDS 134,185 115,281
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 member has 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 M Latham
Director
25 July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
All Ears AUdio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07798597 . The registered office is 5 Warwick Road, Aspull, Wigan, WN2 1XA.
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. Going Concern Disclosure
After reviewing the company’s forecast and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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 sale of goods and 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:
Computer Equipment 33.3% on a reducing balance basis
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.
...CONTINUED
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2.5. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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 as follows:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 5,247
As at 31 October 2024 5,247
Depreciation
As at 1 November 2023 4,254
Provided during the period 331
As at 31 October 2024 4,585
Net Book Value
As at 31 October 2024 662
As at 1 November 2023 993
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5. Investments
Other
£
Cost
As at 1 November 2023 67,347
Disposals (13,347 )
As at 31 October 2024 54,000
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 54,000
As at 1 November 2023 67,347
Investments relate to an investment in an unlisted entity which is stated at cost less impairement. At each balance sheet date, the investments is assessed for indicators of impairement and where there are indicators of impairement , recoverable amount is assessed. If recoverable amount is less than carrying amount, the investment is written down to recoverable amount by way of an impairement loss which is recognised in profit or loss.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,160 22,470
Other debtors 13,343 -
43,503 22,470
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,940 3,016
Corporation tax 5,649 13,248
Accruals and deferred income 2,400 2,336
Director's loan account 1,112 4,202
12,101 22,802
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,428 7,234
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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