Acorah Software Products - Accounts Production 19.3.550 false true 28 October 2024 1 July 2023 false 29 October 2024 31 October 2025 31 October 2025 10175584 Mr James Charlesworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10175584 2024-10-28 10175584 2025-10-31 10175584 2024-10-29 2025-10-31 10175584 frs-core:CurrentFinancialInstruments 2025-10-31 10175584 frs-core:Non-currentFinancialInstruments 2025-10-31 10175584 frs-core:ComputerEquipment 2025-10-31 10175584 frs-core:ComputerEquipment 2024-10-29 2025-10-31 10175584 frs-core:ComputerEquipment 2024-10-28 10175584 frs-core:FurnitureFittings 2025-10-31 10175584 frs-core:FurnitureFittings 2024-10-29 2025-10-31 10175584 frs-core:FurnitureFittings 2024-10-28 10175584 frs-core:MotorVehicles 2025-10-31 10175584 frs-core:MotorVehicles 2024-10-29 2025-10-31 10175584 frs-core:MotorVehicles 2024-10-28 10175584 frs-core:WithinOneYear 2025-10-31 10175584 frs-core:ShareCapital 2025-10-31 10175584 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 10175584 frs-bus:PrivateLimitedCompanyLtd 2024-10-29 2025-10-31 10175584 frs-bus:FilletedAccounts 2024-10-29 2025-10-31 10175584 frs-bus:SmallEntities 2024-10-29 2025-10-31 10175584 frs-bus:AuditExempt-NoAccountantsReport 2024-10-29 2025-10-31 10175584 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-29 2025-10-31 10175584 frs-bus:Director1 2024-10-29 2025-10-31 10175584 frs-core:CurrentFinancialInstruments 9 2025-10-31 10175584 frs-countries:EnglandWales 2024-10-29 2025-10-31 10175584 2023-06-30 10175584 2024-10-28 10175584 2023-07-01 2024-10-28 10175584 frs-core:CurrentFinancialInstruments 2024-10-28 10175584 frs-core:Non-currentFinancialInstruments 2024-10-28 10175584 frs-core:BetweenOneFiveYears 2024-10-28 10175584 frs-core:FurnitureFittings 2023-07-01 2024-10-28 10175584 frs-core:WithinOneYear 2024-10-28 10175584 frs-core:ShareCapital 2024-10-28 10175584 frs-core:RetainedEarningsAccumulatedLosses 2024-10-28 10175584 frs-core:CurrentFinancialInstruments 9 2024-10-28
Registered number: 10175584
Transatlantic Trading Company Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10175584
31 October 2025 28 October 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,156 100,517
87,156 100,517
CURRENT ASSETS
Stocks 5 461,152 323,004
Debtors 6 1,445,363 333,591
Cash at bank and in hand 203,652 1,350,095
2,110,167 2,006,690
Creditors: Amounts Falling Due Within One Year 7 (1,224,536 ) (1,251,859 )
NET CURRENT ASSETS (LIABILITIES) 885,631 754,831
TOTAL ASSETS LESS CURRENT LIABILITIES 972,787 855,348
Creditors: Amounts Falling Due After More Than One Year 8 - (16,304 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,284 ) (25,129 )
NET ASSETS 951,503 813,915
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 951,501 813,913
SHAREHOLDERS' FUNDS 951,503 813,915
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 director acknowledges his 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 James Charlesworth
Director
28 July 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Transatlantic Trading Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10175584 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX. The principal place of business is Marsh End, Lords Meadow Industrial Estate, Crediton, Devon, EX17 1DN.
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.

Construction contracts

Turnover from construction contracts is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured with reference to completion of physical proportions of the contract work.
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 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
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. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 18)
20 18
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 29 October 2024 - 163,735 11,568 175,303
Additions 4,650 1,478 3,008 9,136
Disposals - (1,127 ) (2,346 ) (3,473 )
As at 31 October 2025 4,650 164,086 12,230 180,966
...CONTINUED
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Depreciation
As at 29 October 2024 - 69,881 4,905 74,786
Provided during the period 514 18,841 1,696 21,051
Disposals - (572 ) (1,455 ) (2,027 )
As at 31 October 2025 514 88,150 5,146 93,810
Net Book Value
As at 31 October 2025 4,136 75,936 7,084 87,156
As at 29 October 2024 - 93,854 6,663 100,517
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
31 October 2025 28 October 2024
£ £
Fixtures & Fittings 44,374 52,205
5. Stocks
31 October 2025 28 October 2024
£ £
Materials 169,523 123,171
Finished vehicles held for sale - 80,571
Work in progress 291,629 119,262
461,152 323,004
6. Debtors
31 October 2025 28 October 2024
£ £
Due within one year
Trade debtors 191,440 241,146
Prepayments and accrued income 34,635 19,181
Other debtors 17,566 42,635
VAT 36,825 30,629
Amounts owed by group undertakings 1,164,897 -
1,445,363 333,591
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7. Creditors: Amounts Falling Due Within One Year
31 October 2025 28 October 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,344 21,792
Trade creditors 226,368 235,741
Corporation tax (31,590 ) 86,664
Other taxes and social security 17,826 11,517
Other creditors 9,395 37,801
Deferred Income 724,978 599,445
Accruals 260,934 258,863
Director's loan account 281 36
1,224,536 1,251,859
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2025 28 October 2024
£ £
Net obligations under finance lease and hire purchase contracts - 16,304
9. Obligations Under Finance Leases and Hire Purchase
31 October 2025 28 October 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,344 21,792
Later than one year and not later than five years - 16,304
16,344 38,096
16,344 38,096
10. Share Capital
31 October 2025 28 October 2024
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 October 2025 28 October 2024
£ £
Not later than one year 28,500 14,250
28,500 14,250
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12. Related Party Transactions
At the period end, 31 October 2025, the Directors were owed £281 (28 October 2026: £36) in respect of loans held with the company. These amounts are interest free and payable on demand.
At the period end, 31 October 2025, the parent company owes £1,164,897 (28 October 2026: £NIL)in respect of loans held with the company. These amounts are interest free and repayable on demand.
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