Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07036497 Mr S Rose Mrs R Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07036497 2023-10-31 07036497 2024-10-31 07036497 2023-11-01 2024-10-31 07036497 frs-core:CurrentFinancialInstruments 2024-10-31 07036497 frs-core:Non-currentFinancialInstruments 2024-10-31 07036497 frs-core:ComputerEquipment 2024-10-31 07036497 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07036497 frs-core:ComputerEquipment 2023-10-31 07036497 frs-core:MotorVehicles 2024-10-31 07036497 frs-core:MotorVehicles 2023-11-01 2024-10-31 07036497 frs-core:MotorVehicles 2023-10-31 07036497 frs-core:ShareCapital 2024-10-31 07036497 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07036497 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07036497 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07036497 frs-bus:SmallEntities 2023-11-01 2024-10-31 07036497 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07036497 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07036497 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 07036497 frs-bus:OrdinaryShareClass1 2024-10-31 07036497 frs-bus:Director1 2023-11-01 2024-10-31 07036497 frs-bus:Director2 2023-11-01 2024-10-31 07036497 frs-countries:EnglandWales 2023-11-01 2024-10-31 07036497 2022-10-31 07036497 2023-10-31 07036497 2022-11-01 2023-10-31 07036497 frs-core:CurrentFinancialInstruments 2023-10-31 07036497 frs-core:Non-currentFinancialInstruments 2023-10-31 07036497 frs-core:ShareCapital 2023-10-31 07036497 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07036497 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31
Registered number: 07036497
Archer Rose & Wilson Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Ripe LLP
Chartered Accountants
9A Burroughs Gardens
London
NW4 4AU
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr S Rose
Mrs R Rose
Company Number 07036497
Registered Office 9a Burroughs Gardens
London
NW4 4AU
Business 18 The Grove
Radlett
Hertfordshire
WD7 7NF
Accountants Ripe LLP
Chartered Accountants
9A Burroughs Gardens
London
NW4 4AU
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Balance Sheet
Registered number: 07036497
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,387 9,878
8,387 9,878
CURRENT ASSETS
Stocks 5 1,692,369 1,692,369
Debtors 6 2,472 4,920
Cash at bank and in hand 4,563 4,035
1,699,404 1,701,324
Creditors: Amounts Falling Due Within One Year 7 (1,383,500 ) (1,403,893 )
NET CURRENT ASSETS (LIABILITIES) 315,904 297,431
TOTAL ASSETS LESS CURRENT LIABILITIES 324,291 307,309
Creditors: Amounts Falling Due After More Than One Year 8 (303,002 ) (298,457 )
NET ASSETS 21,289 8,852
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 21,189 8,752
SHAREHOLDERS' FUNDS 21,289 8,852
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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.
The financial statements were approved by the board of directors on 26 August 2025 and were signed on its behalf by:
Mr S Rose
Director
26/08/2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Archer Rose & Wilson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07036497
The registered office is 9a Burroughs Gardens, London, NW4 4AU.
The principal place of business is18 The Grove Radlett Hertfordshire WD7 7NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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.
The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.
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. 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:
Motor Vehicles 15% reducing balance method
Computer Equipment 25% reducing balance method
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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 profit and loss account as incurred.
2.5. 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.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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.
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2.8. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.9. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 16,555 375 16,930
As at 31 October 2024 16,555 375 16,930
Depreciation
As at 1 November 2023 6,769 283 7,052
Provided during the period 1,468 23 1,491
As at 31 October 2024 8,237 306 8,543
Net Book Value
As at 31 October 2024 8,318 69 8,387
As at 1 November 2023 9,786 92 9,878
5. Stocks
2024 2023
£ £
Properties held for sale 1,692,369 1,692,369
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,472 4,920
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,254 5,253
Bank loans and overdrafts - 9,999
HP and finance lease liabilities < 1 year 8,886 3,000
Other creditors 1,364,428 1,383,481
Taxation and social security 6,932 2,160
1,383,500 1,403,893
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 303,002 292,996
HP and finance lease liabilities > 1 year - 5,461
303,002 298,457
Included in loans due more than one year is an interest-only mortgage loan of £303,000 due to CHL Mortgage repayable in 2037. The loan is secured against the property.
Included in creditors is a hire purchase liability of £8,886, repayable in equal instalment of £250 and final repayment of £6,760 is due in August 2025.
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Related Party Disclosures
As at balance sheet date, the company owed £1,345,984 (2023: £1,362,547) to the directors.
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