Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2022 1 May 2021 false 1 May 2022 30 April 2023 30 April 2023 11319988 Mr Domenic Harrison Mr Charles Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11319988 2022-04-30 11319988 2023-04-30 11319988 2022-05-01 2023-04-30 11319988 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 11319988 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-05-01 2023-04-30 11319988 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-04-30 11319988 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-01 2023-04-30 11319988 frs-core:OtherResidualIntangibleAssets 2023-04-30 11319988 frs-core:OtherResidualIntangibleAssets 2022-05-01 2023-04-30 11319988 frs-core:OtherResidualIntangibleAssets 2022-04-30 11319988 frs-core:ShareCapital 2023-04-30 11319988 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11319988 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11319988 frs-bus:FilletedAccounts 2022-05-01 2023-04-30 11319988 frs-bus:SmallEntities 2022-05-01 2023-04-30 11319988 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11319988 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11319988 frs-core:CostValuation 2022-04-30 11319988 frs-core:AdditionsToInvestments 2023-04-30 11319988 frs-core:CostValuation 2023-04-30 11319988 frs-core:ProvisionsForImpairmentInvestments 2022-04-30 11319988 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 11319988 frs-bus:Director1 2022-05-01 2023-04-30 11319988 frs-bus:Director2 2022-05-01 2023-04-30 11319988 frs-countries:EnglandWales 2022-05-01 2023-04-30 11319988 2021-04-30 11319988 2022-04-30 11319988 2021-05-01 2022-04-30 11319988 frs-core:ShareCapital 2022-04-30 11319988 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 11319988
Composite Prime Group Limited
Unaudited Financial Statements
For The Year Ended 30 April 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11319988
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,997 12,706
Investments 5 1,000 -
11,997 12,706
CURRENT ASSETS
Debtors 6 221,339 561,399
Cash at bank and in hand 69,675 69,774
291,014 631,173
Creditors: Amounts Falling Due Within One Year 7 (33,180 ) (281,430 )
NET CURRENT ASSETS (LIABILITIES) 257,834 349,743
TOTAL ASSETS LESS CURRENT LIABILITIES 269,831 362,449
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,267 ) (1,260 )
NET ASSETS 268,564 361,189
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Income Statement 266,564 359,189
SHAREHOLDERS' FUNDS 268,564 361,189
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For the year ending 30 April 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 Income Statement.
On behalf of the board
Mr Domenic Harrison
Director
19 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Composite Prime Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11319988 . The registered office is Suite 1 First Floor, 10-12 The Grove, Ilkley, LS29 9EG.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to computer software. They are amortised to income statement over their estimated economic life of 3 years.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets relate to trademark and patents. They are amortised to the income statement over their estimated economic life of 10 years.
2.4. 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: 2 (2022: 2)
2 2
4. Intangible Assets
Computer software Intellectual Property Total
£ £ £
Cost
As at 1 May 2022 762 14,579 15,341
As at 30 April 2023 762 14,579 15,341
Amortisation
As at 1 May 2022 503 2,132 2,635
Provided during the period 251 1,458 1,709
As at 30 April 2023 754 3,590 4,344
...CONTINUED
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Net Book Value
As at 30 April 2023 8 10,989 10,997
As at 1 May 2022 259 12,447 12,706
5. Investments
Subsidiaries
£
Cost
As at 1 May 2022 -
Additions 1,000
As at 30 April 2023 1,000
Provision
As at 1 May 2022 -
As at 30 April 2023 -
Net Book Value
As at 30 April 2023 1,000
As at 1 May 2022 -
The investment of 100% of the share capital of Composite Prime Limited was initially recognised at fair value, being the transaction price including transaction costs. No impairment is deemed necessary at 30-04-2023 due to the
underlying value of the investment and the investment's current trading position.
6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 221,339 561,399
221,339 561,399
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 33,180 281,430
33,180 281,430
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,000 2,000
9. Related Party Transactions
The company owns 100% of the share capital of subsidiary company Composite Prime Limited. At the year end balances due from Composite Prime Limited totalled £221,339 (2022 : £561,399). 
During the year, the company received dividends totalling £100,428 from Composite Prime Limited (2022: £593,080).
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