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 14487445 Jyotikaben Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14487445 2023-11-30 14487445 2024-11-30 14487445 2023-12-01 2024-11-30 14487445 frs-core:CurrentFinancialInstruments 2024-11-30 14487445 frs-core:Non-currentFinancialInstruments 2024-11-30 14487445 frs-core:ComputerEquipment 2024-11-30 14487445 frs-core:ComputerEquipment 2023-12-01 2024-11-30 14487445 frs-core:ComputerEquipment 2023-11-30 14487445 frs-core:FurnitureFittings 2024-11-30 14487445 frs-core:FurnitureFittings 2023-12-01 2024-11-30 14487445 frs-core:FurnitureFittings 2023-11-30 14487445 frs-core:ShareCapital 2024-11-30 14487445 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14487445 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14487445 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14487445 frs-bus:SmallEntities 2023-12-01 2024-11-30 14487445 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14487445 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14487445 frs-bus:Director1 2023-12-01 2024-11-30 14487445 frs-countries:EnglandWales 2023-12-01 2024-11-30 14487445 2022-11-30 14487445 2023-11-30 14487445 2022-12-01 2023-11-30 14487445 frs-core:CurrentFinancialInstruments 2023-11-30 14487445 frs-core:Non-currentFinancialInstruments 2023-11-30 14487445 frs-core:ShareCapital 2023-11-30 14487445 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 14487445
RETAILVERSE LIMITED
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14487445
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,267 1,584
1,267 1,584
CURRENT ASSETS
Stocks 5 15,109 5,420
Debtors 6 22,340 19,000
Cash at bank and in hand 27,813 370
65,262 24,790
Creditors: Amounts Falling Due Within One Year 7 (8,292 ) (3,152 )
NET CURRENT ASSETS (LIABILITIES) 56,970 21,638
TOTAL ASSETS LESS CURRENT LIABILITIES 58,237 23,222
Creditors: Amounts Falling Due After More Than One Year 8 (1,800 ) (1,800 )
NET ASSETS 56,437 21,422
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 56,436 21,421
SHAREHOLDERS' FUNDS 56,437 21,422
Page 1
Page 2
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 her 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
Jyotikaben Patel
Director
30 August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RETAILVERSE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14487445 . The registered office is 164 Honeypot Lane, London, HA7 1EE.
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. 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:
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 5)
2 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 1,230 750 1,980
As at 30 November 2024 1,230 750 1,980
Depreciation
As at 1 December 2023 246 150 396
Provided during the period 197 120 317
As at 30 November 2024 443 270 713
Net Book Value
As at 30 November 2024 787 480 1,267
As at 1 December 2023 984 600 1,584
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Page 4
5. Stocks
2024 2023
£ £
Stock 15,109 5,420
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,340 19,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,120 1,980
Director's loan account 1,172 1,172
8,292 3,152
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 1,800 1,800
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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