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Registered number: 09834131
Bayzone UK PTY Limited
Financial Statements
For The Year Ended 31 October 2025
AB Accountancy
Office 19 Manor Offices
North Road
Holsworthy
Devon
EX22 6DJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09834131
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 114,837 88,119
114,837 88,119
CURRENT ASSETS
Stocks 5 72,082 95,024
Debtors 6 125,943 144,003
Cash at bank and in hand 328,061 79,427
526,086 318,454
Creditors: Amounts Falling Due Within One Year 7 (201,438 ) (92,003 )
NET CURRENT ASSETS (LIABILITIES) 324,648 226,451
TOTAL ASSETS LESS CURRENT LIABILITIES 439,485 314,570
Creditors: Amounts Falling Due After More Than One Year 8 (37,134 ) (22,919 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,749 ) (17,942 )
NET ASSETS 377,602 273,709
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 377,592 273,699
SHAREHOLDERS' FUNDS 377,602 273,709
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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
Mr Daniel Tonkin
Director
5 May 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bayzone UK PTY Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09834131 . The registered office is Eastfield, Shebbear, Beaworthy, Devon, EX21 5HN.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below
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:
Leasehold N/A
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
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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 the 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. 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 as follows: NIL (2024: NIL)
- -
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2024 35,268 16,045 46,415 97,728
Additions - 3,827 74,621 78,448
Disposals - - (46,415 ) (46,415 )
As at 31 October 2025 35,268 19,872 74,621 129,761
Depreciation
As at 1 November 2024 - 7,685 1,924 9,609
Provided during the period - 2,437 4,802 7,239
Disposals - - (1,924 ) (1,924 )
As at 31 October 2025 - 10,122 4,802 14,924
Net Book Value
As at 31 October 2025 35,268 9,750 69,819 114,837
As at 1 November 2024 35,268 8,360 44,491 88,119
Included above are assets held under finance leases with a net book value as follows:
2025 2024
as restated
£ £
Motor Vehicles 57,736 43,918
5. Stocks
2025 2024
as restated
£ £
Finished goods 72,082 95,024
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Page 6
6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 120,726 137,912
Other debtors 5,217 6,091
125,943 144,003
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts 13,106 8,872
Trade creditors 4,924 22,576
Other creditors 5,265 6,159
Taxation and social security 178,143 54,396
201,438 92,003
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts 37,134 22,919
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,106 8,872
Later than one year and not later than five years 37,134 22,919
50,240 31,791
50,240 31,791
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10. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 10 10
11. 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 Peter McCallum 2,640 - 214 - 2,426
The above loan is unsecured, interest free and repayable on demand.
12. Transition to FRS 102
These financial statements for the year ended 31 October 2025 have been prepared in accordance with FRS 102 section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland. The previous financial statements for the year ended 31 October 2024 were prepared in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
The date of transition to FRS 102 section 1A was 1 November 2024. As a result, the comparative figures for the year ended 31 October 2025 have been restated to reflect the requirements of FRS 102 section 1A specifically in relation to Deferred Tax.
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