Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 05105586 Mr Terry Callaway Ms Margaret Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05105586 2022-06-30 05105586 2023-06-30 05105586 2022-07-01 2023-06-30 05105586 frs-core:CurrentFinancialInstruments 2023-06-30 05105586 frs-core:ComputerEquipment 2023-06-30 05105586 frs-core:ComputerEquipment 2022-07-01 2023-06-30 05105586 frs-core:ComputerEquipment 2022-06-30 05105586 frs-core:FurnitureFittings 2022-07-01 2023-06-30 05105586 frs-core:NetGoodwill 2023-06-30 05105586 frs-core:NetGoodwill 2022-07-01 2023-06-30 05105586 frs-core:NetGoodwill 2022-06-30 05105586 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05105586 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 05105586 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05105586 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-06-30 05105586 frs-core:MotorVehicles 2023-06-30 05105586 frs-core:MotorVehicles 2022-07-01 2023-06-30 05105586 frs-core:MotorVehicles 2022-06-30 05105586 frs-core:ShareCapital 2023-06-30 05105586 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05105586 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05105586 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 05105586 frs-bus:SmallEntities 2022-07-01 2023-06-30 05105586 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05105586 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05105586 frs-bus:Director1 2022-07-01 2023-06-30 05105586 frs-bus:CompanySecretary1 2022-07-01 2023-06-30 05105586 frs-countries:EnglandWales 2022-07-01 2023-06-30 05105586 2021-06-30 05105586 2022-06-30 05105586 2021-07-01 2022-06-30 05105586 frs-core:CurrentFinancialInstruments 2022-06-30 05105586 frs-core:ShareCapital 2022-06-30 05105586 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 05105586
Copycare Office Equipment Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Simpson Associates
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05105586
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 12,000
Tangible Assets 5 73,617 72,836
79,617 84,836
CURRENT ASSETS
Stocks 6 37,461 43,338
Debtors 7 101,948 114,110
Cash at bank and in hand 587,428 466,902
726,837 624,350
Creditors: Amounts Falling Due Within One Year 8 (160,887 ) (134,838 )
NET CURRENT ASSETS (LIABILITIES) 565,950 489,512
TOTAL ASSETS LESS CURRENT LIABILITIES 645,567 574,348
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,319 ) (3,084 )
NET ASSETS 641,248 571,264
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 641,148 571,164
SHAREHOLDERS' FUNDS 641,248 571,264
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Page 2
For the year ending 30 June 2023 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 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 Terry Callaway
Director
02/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Copycare Office Equipment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05105586 . The registered office is Unit 2j Sharp Road, Poole, Dorset, BH12 4BG.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 5 Year Sraight Line
Leasehold
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
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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 year 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 asset reflects 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: 4 (2022: 5)
4 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2022 120,000
As at 30 June 2023 120,000
Amortisation
As at 1 July 2022 108,000
Provided during the period 6,000
As at 30 June 2023 114,000
Net Book Value
As at 30 June 2023 6,000
As at 1 July 2022 12,000
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5. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2022 75,145 43,214 22,887 141,246
Additions - - 16,433 16,433
As at 30 June 2023 75,145 43,214 39,320 157,679
Depreciation
As at 1 July 2022 29,434 23,757 15,219 68,410
Provided during the period 3,757 4,864 7,031 15,652
As at 30 June 2023 33,191 28,621 22,250 84,062
Net Book Value
As at 30 June 2023 41,954 14,593 17,070 73,617
As at 1 July 2022 45,711 19,457 7,668 72,836
6. Stocks
2023 2022
£ £
Materials 37,461 43,338
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 78,787 89,589
Other debtors 23,161 24,521
101,948 114,110
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 91,761 43,868
Bank loans and overdrafts 238 356
Other creditors 13,418 21,886
Taxation and social security 55,470 68,728
160,887 134,838
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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