Acorah Software Products - Accounts Production 16.8.200 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 11611218 Mrs Gillian Mill Mr Robert Pettifor Mrs Susan Pettifor Mr Alistair Viveash Mr Matthew Wood Mr Robert Pettifor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11611218 2024-10-31 11611218 2025-10-31 11611218 2024-11-01 2025-10-31 11611218 frs-core:CurrentFinancialInstruments 2025-10-31 11611218 frs-core:Non-currentFinancialInstruments 2025-10-31 11611218 frs-core:BetweenOneFiveYears 2025-10-31 11611218 frs-core:ComputerEquipment 2025-10-31 11611218 frs-core:ComputerEquipment 2024-11-01 2025-10-31 11611218 frs-core:ComputerEquipment 2024-10-31 11611218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-10-31 11611218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-01 2025-10-31 11611218 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 11611218 frs-core:FurnitureFittings 2025-10-31 11611218 frs-core:FurnitureFittings 2024-11-01 2025-10-31 11611218 frs-core:FurnitureFittings 2024-10-31 11611218 frs-core:MotorVehicles 2025-10-31 11611218 frs-core:MotorVehicles 2024-11-01 2025-10-31 11611218 frs-core:MotorVehicles 2024-10-31 11611218 frs-core:PlantMachinery 2025-10-31 11611218 frs-core:PlantMachinery 2024-11-01 2025-10-31 11611218 frs-core:PlantMachinery 2024-10-31 11611218 frs-core:WithinOneYear 2025-10-31 11611218 frs-core:ShareCapital 2025-10-31 11611218 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 11611218 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11611218 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 11611218 frs-bus:SmallEntities 2024-11-01 2025-10-31 11611218 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 11611218 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11611218 frs-bus:Director1 2024-11-01 2025-10-31 11611218 frs-bus:Director1 2024-10-31 11611218 frs-bus:Director1 2025-10-31 11611218 frs-bus:Director2 2024-11-01 2025-10-31 11611218 frs-bus:Director2 2024-10-31 11611218 frs-bus:Director2 2025-10-31 11611218 frs-bus:Director3 2024-11-01 2025-10-31 11611218 frs-bus:Director4 2024-11-01 2025-10-31 11611218 frs-bus:Director5 2024-11-01 2025-10-31 11611218 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 11611218 frs-countries:EnglandWales 2024-11-01 2025-10-31 11611218 2023-10-31 11611218 2024-10-31 11611218 2023-11-01 2024-10-31 11611218 frs-core:CurrentFinancialInstruments 2024-10-31 11611218 frs-core:Non-currentFinancialInstruments 2024-10-31 11611218 frs-core:BetweenOneFiveYears 2024-10-31 11611218 frs-core:WithinOneYear 2024-10-31 11611218 frs-core:ShareCapital 2024-10-31 11611218 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 11611218
Pettifor Group Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Amblers Mill Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11611218
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,408 9,120
Tangible Assets 5 106,305 80,694
112,713 89,814
CURRENT ASSETS
Stocks 6 275,682 190,501
Debtors 7 1,025,950 644,161
Cash at bank and in hand 87,683 47,099
1,389,315 881,761
Creditors: Amounts Falling Due Within One Year 8 (1,247,066 ) (704,935 )
NET CURRENT ASSETS (LIABILITIES) 142,249 176,826
TOTAL ASSETS LESS CURRENT LIABILITIES 254,962 266,640
Creditors: Amounts Falling Due After More Than One Year 9 (470,724 ) (485,726 )
NET LIABILITIES (215,762 ) (219,086 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (215,862 ) (219,186 )
SHAREHOLDERS' FUNDS (215,762) (219,086)
Page 1
Page 2
For the year ending 31 October 2025 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.
On behalf of the board
Mrs Susan Pettifor
Director
Mr Alistair Viveash
Director
Mr Matthew Wood
Director
18/12/2025
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
Pettifor Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11611218 . The registered office is Suite 12 Bingham Enterprise Centre, Mercia Court, Bingham, Nottingham, NG13 8QX.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to nil on a straight line basis over their expected useful economic lives, which of 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 6 (2024: 5)
6 5
4. Intangible Assets
Development Costs
£
Cost
As at 1 November 2024 11,400
Disposals (720 )
As at 31 October 2025 10,680
Amortisation
As at 1 November 2024 2,280
Provided during the period 2,136
Disposals (144 )
As at 31 October 2025 4,272
Net Book Value
As at 31 October 2025 6,408
As at 1 November 2024 9,120
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2024 - 78,005 2,306 2,084 82,395
Additions 42,775 - 3,433 3,521 49,729
Disposals - - (260 ) (190 ) (450 )
As at 31 October 2025 42,775 78,005 5,479 5,415 131,674
Depreciation
As at 1 November 2024 - - 484 1,217 1,701
Provided during the period 6,416 15,601 780 1,085 23,882
Disposals - - (72 ) (142 ) (214 )
As at 31 October 2025 6,416 15,601 1,192 2,160 25,369
Net Book Value
As at 31 October 2025 36,359 62,404 4,287 3,255 106,305
As at 1 November 2024 - 78,005 1,822 867 80,694
6. Stocks
2025 2024
£ £
Finished goods 275,682 190,501
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 862,813 529,537
Amounts owed by group undertakings 1,100 -
Other debtors 162,037 114,624
1,025,950 644,161
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 15,935 9,685
Trade creditors 547,631 415,441
Bank loans and overdrafts 559,819 210,123
Other loans 19,576 16,968
Other creditors 49,791 6,627
Taxation and social security 54,314 46,091
1,247,066 704,935
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 70,724 64,514
Bank loans - 1,636
Other loans 400,000 419,576
470,724 485,726
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,935 9,685
Later than one year and not later than five years 70,724 64,514
86,659 74,199
86,659 74,199
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Robert Pettifor 1,758 - 1,758 - -
Mrs Susan Pettifor 2,500 - 2,500 - -
The above loan is unsecured, interest free and repayable on demand.
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