Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 10386395 Mr Lloyd Trueman Mr Keith Stukins Mrs Susan Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10386395 2022-03-31 10386395 2023-03-31 10386395 2022-04-01 2023-03-31 10386395 frs-core:CurrentFinancialInstruments 2023-03-31 10386395 frs-core:Non-currentFinancialInstruments 2023-03-31 10386395 frs-core:ComputerEquipment 2023-03-31 10386395 frs-core:ComputerEquipment 2022-04-01 2023-03-31 10386395 frs-core:ComputerEquipment 2022-03-31 10386395 frs-core:FurnitureFittings 2023-03-31 10386395 frs-core:FurnitureFittings 2022-04-01 2023-03-31 10386395 frs-core:FurnitureFittings 2022-03-31 10386395 frs-core:NetGoodwill 2023-03-31 10386395 frs-core:NetGoodwill 2022-04-01 2023-03-31 10386395 frs-core:NetGoodwill 2022-03-31 10386395 frs-core:PlantMachinery 2023-03-31 10386395 frs-core:PlantMachinery 2022-04-01 2023-03-31 10386395 frs-core:PlantMachinery 2022-03-31 10386395 frs-core:ShareCapital 2023-03-31 10386395 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10386395 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10386395 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 10386395 frs-bus:SmallEntities 2022-04-01 2023-03-31 10386395 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10386395 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10386395 frs-bus:Director1 2022-04-01 2023-03-31 10386395 frs-bus:Director2 2022-04-01 2023-03-31 10386395 frs-bus:Director3 2022-04-01 2023-03-31 10386395 frs-core:CurrentFinancialInstruments 1 2023-03-31 10386395 frs-countries:EnglandWales 2022-04-01 2023-03-31 10386395 2021-03-31 10386395 2022-03-31 10386395 2021-04-01 2022-03-31 10386395 frs-core:CurrentFinancialInstruments 2022-03-31 10386395 frs-core:Non-currentFinancialInstruments 2022-03-31 10386395 frs-core:BetweenOneFiveYears 2022-03-31 10386395 frs-core:WithinOneYear 2022-03-31 10386395 frs-core:ShareCapital 2022-03-31 10386395 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31 10386395 frs-core:CurrentFinancialInstruments 1 2022-03-31
Registered number: 10386395
Complete Property Group Limited
Financial Statements
For The Year Ended 31 March 2023
Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10386395
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 127,856 164,387
Tangible Assets 5 10,884 7,240
138,740 171,627
CURRENT ASSETS
Debtors 6 24,899 9,621
Cash at bank and in hand 33,762 61,169
58,661 70,790
Creditors: Amounts Falling Due Within One Year 7 (87,644 ) (122,930 )
NET CURRENT ASSETS (LIABILITIES) (28,983 ) (52,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,757 119,487
Creditors: Amounts Falling Due After More Than One Year 8 (35,452 ) (58,205 )
NET ASSETS 74,305 61,282
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Income Statement 73,305 60,282
SHAREHOLDERS' FUNDS 74,305 61,282
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For the year ending 31 March 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
Mrs Susan Miller
Director
10th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Complete Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10386395 . The registered office is 3 Royal Crescent, Cheltenham, Gloucestershire, GL50 3DA.
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 income statement over its estimated economic life of 10 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:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2022 365,306
As at 31 March 2023 365,306
Amortisation
As at 1 April 2022 200,919
Provided during the period 36,531
As at 31 March 2023 237,450
Net Book Value
As at 31 March 2023 127,856
As at 1 April 2022 164,387
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2022 7,244 16,520 - 23,764
Additions 8,000 1,274 - 9,274
As at 31 March 2023 15,244 17,794 - 33,038
Depreciation
As at 1 April 2022 7,522 9,002 - 16,524
Provided during the period 3,420 2,210 - 5,630
As at 31 March 2023 10,942 11,212 - 22,154
Net Book Value
As at 31 March 2023 4,302 6,582 - 10,884
As at 1 April 2022 (278 ) 7,518 - 7,240
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,545 7,932
Prepayments and accrued income 3,676 1,305
Other debtors 3,322 -
Other taxes and social security 356 384
24,899 9,621
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,239 3,784
Bank loans and overdrafts 5,252 5,122
Provision for Corporation Tax 25,509 27,011
VAT 17,135 13,889
Net wages - 465
Other creditors. 17,560 30,060
Pensions Payable 87 -
Accruals 950 950
Directors' loan accounts 9,912 41,649
87,644 122,930
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 35,452 40,705
Other creditors - 17,500
35,452 58,205
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year - 6,696
Later than one year and not later than five years - 20,089
- 26,785
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