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 05331830 Mr Nicholas Charles Mrs Andrea Charles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05331830 2023-10-31 05331830 2024-10-31 05331830 2023-11-01 2024-10-31 05331830 frs-core:CurrentFinancialInstruments 2024-10-31 05331830 frs-core:Non-currentFinancialInstruments 2024-10-31 05331830 frs-core:FurnitureFittings 2024-10-31 05331830 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05331830 frs-core:FurnitureFittings 2023-10-31 05331830 frs-core:ShareCapital 2024-10-31 05331830 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05331830 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05331830 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05331830 frs-bus:SmallEntities 2023-11-01 2024-10-31 05331830 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05331830 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05331830 frs-core:UnlistedNon-exchangeTraded 2024-10-31 05331830 frs-core:UnlistedNon-exchangeTraded 2023-10-31 05331830 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 05331830 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 05331830 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 05331830 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 05331830 frs-bus:Director1 2023-11-01 2024-10-31 05331830 frs-bus:Director2 2023-11-01 2024-10-31 05331830 frs-core:CurrentFinancialInstruments 2 2024-10-31 05331830 frs-countries:EnglandWales 2023-11-01 2024-10-31 05331830 2022-10-31 05331830 2023-10-31 05331830 2022-11-01 2023-10-31 05331830 frs-core:CurrentFinancialInstruments 2023-10-31 05331830 frs-core:Non-currentFinancialInstruments 2023-10-31 05331830 frs-core:ShareCapital 2023-10-31 05331830 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05331830 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 05331830
The Charles Group Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05331830
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 281 561
Investments 5 80,000 80,000
80,281 80,561
CURRENT ASSETS
Debtors 6 174,003 110,756
Cash at bank and in hand 2,206 89,889
176,209 200,645
Creditors: Amounts Falling Due Within One Year 7 (292,756 ) (307,116 )
NET CURRENT ASSETS (LIABILITIES) (116,547 ) (106,471 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,266 ) (25,910 )
Creditors: Amounts Falling Due After More Than One Year 8 (22,868 ) (33,516 )
NET LIABILITIES (59,134 ) (59,426 )
CAPITAL AND RESERVES
Called up share capital 9 101 101
Income Statement (59,235 ) (59,527 )
SHAREHOLDERS' FUNDS (59,134) (59,426)
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 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 Income Statement.
On behalf of the board
Mr Nicholas Charles
Director
31 October 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
The Charles Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05331830 . The registered office is 105 Seven Sisters Road, London, N7 7QR.
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 50% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 5)
3 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 8,987
As at 31 October 2024 8,987
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2023 8,426
Provided during the period 280
As at 31 October 2024 8,706
Net Book Value
As at 31 October 2024 281
As at 1 November 2023 561
5. Investments
Unlisted
£
Cost or Valuation
As at 1 November 2023 80,000
As at 31 October 2024 80,000
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 80,000
As at 1 November 2023 80,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 277 1,500
Amounts owed by associates 173,726 109,256
174,003 110,756
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 310 1,075
Other creditors 275,001 295,421
Accruals 1,320 1,320
Directors' loan accounts 113 13
Amounts owed to associates 16,012 9,287
292,756 307,116
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,868 33,516
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
Page 5