Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09370872 Miss K J Adkins Mr C G Towe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09370872 2022-12-31 09370872 2023-12-31 09370872 2023-01-01 2023-12-31 09370872 frs-core:CurrentFinancialInstruments 2023-12-31 09370872 frs-core:Non-currentFinancialInstruments 2023-12-31 09370872 frs-core:BetweenOneFiveYears 2023-12-31 09370872 frs-core:ComputerEquipment 2023-12-31 09370872 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09370872 frs-core:ComputerEquipment 2022-12-31 09370872 frs-core:MotorVehicles 2023-12-31 09370872 frs-core:MotorVehicles 2023-01-01 2023-12-31 09370872 frs-core:MotorVehicles 2022-12-31 09370872 frs-core:PlantMachinery 2023-12-31 09370872 frs-core:PlantMachinery 2023-01-01 2023-12-31 09370872 frs-core:PlantMachinery 2022-12-31 09370872 frs-core:WithinOneYear 2023-12-31 09370872 frs-core:ShareCapital 2023-12-31 09370872 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09370872 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09370872 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09370872 frs-bus:SmallEntities 2023-01-01 2023-12-31 09370872 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09370872 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09370872 frs-bus:Director1 2023-01-01 2023-12-31 09370872 frs-bus:Director2 2023-01-01 2023-12-31 09370872 frs-countries:EnglandWales 2023-01-01 2023-12-31 09370872 2021-12-31 09370872 2022-12-31 09370872 2022-01-01 2022-12-31 09370872 frs-core:CurrentFinancialInstruments 2022-12-31 09370872 frs-core:Non-currentFinancialInstruments 2022-12-31 09370872 frs-core:BetweenOneFiveYears 2022-12-31 09370872 frs-core:WithinOneYear 2022-12-31 09370872 frs-core:ShareCapital 2022-12-31 09370872 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09370872
CGT Associates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09370872
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,266 12,252
17,266 12,252
CURRENT ASSETS
Debtors 5 21,194 35,298
Cash at bank and in hand 63,871 60,619
85,065 95,917
Creditors: Amounts Falling Due Within One Year 6 (73,467 ) (82,386 )
NET CURRENT ASSETS (LIABILITIES) 11,598 13,531
TOTAL ASSETS LESS CURRENT LIABILITIES 28,864 25,783
Creditors: Amounts Falling Due After More Than One Year 7 (4,519 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,281 ) -
NET ASSETS 21,064 25,783
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account 21,044 25,763
SHAREHOLDERS' FUNDS 21,064 25,783
Page 1
Page 2
For the year ending 31 December 2023 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 C G Towe
Director
20 March 2024
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
CGT Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09370872 . The registered office is 1 New Cottages, Ardington, Oxfordshire, OX12 8PZ.
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 £.
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.
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:
Plant & Machinery 20% straight line
Motor Vehicles 6.67 straight line
Computer Equipment 20% straight line
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 profit and loss account as incurred.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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: 13 (2022: 10)
13 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 5,789 5,995 3,929 15,713
Additions - 6,350 1,164 7,514
Disposals - - (240 ) (240 )
As at 31 December 2023 5,789 12,345 4,853 22,987
Depreciation
As at 1 January 2023 1,731 1,355 375 3,461
Provided during the period 1,143 344 773 2,260
As at 31 December 2023 2,874 1,699 1,148 5,721
Net Book Value
As at 31 December 2023 2,915 10,646 3,705 17,266
As at 1 January 2023 4,058 4,640 3,554 12,252
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,205 22,795
Prepayments and accrued income 6,359 10,101
Corporation tax recoverable assets 630 -
VAT - 2,402
21,194 35,298
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 1,731 20
Trade creditors 904 1,658
Corporation tax - 2,987
Other taxes and social security 1,226 3,502
VAT 6,279 -
Net wages 176 1,973
Other creditors 22,172 20,000
Accruals and deferred income 1,350 -
Directors' loan accounts 39,629 52,246
73,467 82,386
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,519 -
4,519 -
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,731 20
Later than one year and not later than five years 4,519 -
6,250 20
6,250 20
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 20 20
10. Transition to FRS 102
These financial statements for the year ended 31 December 2023 are the first financial statements of CGT Associates Limited prepared in accordance wtih FRS 102. The financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
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