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 06422374 Mr L G Compton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06422374 2022-12-31 06422374 2023-12-31 06422374 2023-01-01 2023-12-31 06422374 frs-core:CurrentFinancialInstruments 2023-12-31 06422374 frs-core:PlantMachinery 2023-12-31 06422374 frs-core:PlantMachinery 2023-01-01 2023-12-31 06422374 frs-core:PlantMachinery 2022-12-31 06422374 frs-core:ShareCapital 2023-12-31 06422374 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06422374 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06422374 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06422374 frs-bus:SmallEntities 2023-01-01 2023-12-31 06422374 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06422374 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06422374 frs-bus:Director1 2023-01-01 2023-12-31 06422374 frs-countries:EnglandWales 2023-01-01 2023-12-31 06422374 2021-12-31 06422374 2022-12-31 06422374 2022-01-01 2022-12-31 06422374 frs-core:CurrentFinancialInstruments 2022-12-31 06422374 frs-core:ShareCapital 2022-12-31 06422374 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06422374
Compton & Casburn Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Compton Hardwick Ltd
20 Elin Way
Meldreth
Royston
Hertfordshire
SG86LX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06422374
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 543 1,052
543 1,052
CURRENT ASSETS
Stocks 5 16,126 10,866
Debtors 6 19,136 38,407
Cash at bank and in hand 17,060 6,247
52,322 55,520
Creditors: Amounts Falling Due Within One Year 7 (19,244 ) (21,217 )
NET CURRENT ASSETS (LIABILITIES) 33,078 34,303
TOTAL ASSETS LESS CURRENT LIABILITIES 33,621 35,355
NET ASSETS 33,621 35,355
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 33,521 35,255
SHAREHOLDERS' FUNDS 33,621 35,355
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 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 L G Compton
Director
08/04/2024
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
Compton & Casburn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06422374 . The registered office is 18 Chamois Close, Cambridge, CB22 3UT.
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. 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 Over 4 years
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 6,295
As at 31 December 2023 6,295
Depreciation
As at 1 January 2023 5,243
Provided during the period 509
As at 31 December 2023 5,752
Net Book Value
As at 31 December 2023 543
As at 1 January 2023 1,052
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Page 4
5. Stocks
2023 2022
£ £
Stock 1,000 1,500
Work in progress 15,126 9,366
16,126 10,866
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,136 29,781
Other debtors - 8,626
19,136 38,407
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,591 3,650
Bank loans and overdrafts - 2,956
Other taxes and social security 4,052 1,585
Other creditors - 1,425
Accruals and deferred income 600 600
Director's loan account 12,001 11,001
19,244 21,217
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4