Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07027381 Mr Adrian Morris Mr Adrian Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07027381 2023-11-30 07027381 2024-11-30 07027381 2023-12-01 2024-11-30 07027381 frs-core:CurrentFinancialInstruments 2024-11-30 07027381 frs-core:Non-currentFinancialInstruments 2024-11-30 07027381 frs-core:BetweenOneFiveYears 2024-11-30 07027381 frs-core:ComputerEquipment 2024-11-30 07027381 frs-core:ComputerEquipment 2023-12-01 2024-11-30 07027381 frs-core:ComputerEquipment 2023-11-30 07027381 frs-core:MotorVehicles 2024-11-30 07027381 frs-core:MotorVehicles 2023-12-01 2024-11-30 07027381 frs-core:MotorVehicles 2023-11-30 07027381 frs-core:PlantMachinery 2024-11-30 07027381 frs-core:PlantMachinery 2023-12-01 2024-11-30 07027381 frs-core:PlantMachinery 2023-11-30 07027381 frs-core:WithinOneYear 2024-11-30 07027381 frs-core:ShareCapital 2024-11-30 07027381 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07027381 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07027381 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07027381 frs-bus:SmallEntities 2023-12-01 2024-11-30 07027381 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07027381 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07027381 frs-core:UnlistedNon-exchangeTraded 2024-11-30 07027381 frs-core:UnlistedNon-exchangeTraded 2023-11-30 07027381 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 07027381 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 07027381 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 07027381 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 07027381 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 07027381 frs-bus:Director1 2023-12-01 2024-11-30 07027381 frs-bus:Director1 2023-11-30 07027381 frs-bus:Director1 2024-11-30 07027381 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 07027381 frs-countries:EnglandWales 2023-12-01 2024-11-30 07027381 2022-11-30 07027381 2023-11-30 07027381 2022-12-01 2023-11-30 07027381 frs-core:CurrentFinancialInstruments 2023-11-30 07027381 frs-core:Non-currentFinancialInstruments 2023-11-30 07027381 frs-core:BetweenOneFiveYears 2023-11-30 07027381 frs-core:WithinOneYear 2023-11-30 07027381 frs-core:ShareCapital 2023-11-30 07027381 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07027381
ASM Access Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07027381
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,783 41,908
Investments 5 - 1,000
30,783 42,908
CURRENT ASSETS
Stocks 6 20,000 8,000
Debtors 7 172,236 291,083
Cash at bank and in hand 356,890 326,181
549,126 625,264
Creditors: Amounts Falling Due Within One Year 8 (95,318 ) (115,914 )
NET CURRENT ASSETS (LIABILITIES) 453,808 509,350
TOTAL ASSETS LESS CURRENT LIABILITIES 484,591 552,258
Creditors: Amounts Falling Due After More Than One Year 9 (6,186 ) (19,033 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,071 ) (9,813 )
NET ASSETS 471,334 523,412
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 470,334 522,412
SHAREHOLDERS' FUNDS 471,334 523,412
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For the year ending 30 November 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 Adrian Morris
Director
6 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ASM Access Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07027381 . The registered office is Unit 28A, North Bank, Berry Hill Industrial Estate, Droitwich, WR9 9AU.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
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.
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 33% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
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 the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 37,071 77,128 14,748 128,947
As at 30 November 2024 37,071 77,128 14,748 128,947
Depreciation
As at 1 December 2023 36,821 38,606 11,612 87,039
Provided during the period 213 9,631 1,281 11,125
As at 30 November 2024 37,034 48,237 12,893 98,164
Net Book Value
As at 30 November 2024 37 28,891 1,855 30,783
As at 1 December 2023 250 38,522 3,136 41,908
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5. Investments
Unlisted
£
Cost
As at 1 December 2023 1,000
Disposals (1,000 )
As at 30 November 2024 -
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 1,000
6. Stocks
2024 2023
£ £
Stock 20,000 8,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 86,034 274,184
Other debtors 86,202 16,899
172,236 291,083
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,847 2,847
Trade creditors 70,992 30,631
Bank loans and overdrafts 10,000 10,000
Other creditors 4,540 6,047
Taxation and social security 6,939 66,389
95,318 115,914
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,186 4,033
Bank loans 5,000 15,000
6,186 19,033
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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 2,847 2,847
Later than one year and not later than five years 1,186 4,033
4,033 6,880
4,033 6,880
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Adrian Morris (1,718 ) 75,000 312 - 72,970
The above loan is unsecured, interest free and repayable on demand.
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