Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05888113 Mrs Maria Devaney Mr Michael Devaney Mrs Maria Devaney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05888113 2022-07-31 05888113 2023-07-31 05888113 2022-08-01 2023-07-31 05888113 frs-core:CurrentFinancialInstruments 2023-07-31 05888113 frs-core:Non-currentFinancialInstruments 2023-07-31 05888113 frs-core:FurnitureFittings 2023-07-31 05888113 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05888113 frs-core:FurnitureFittings 2022-07-31 05888113 frs-core:NetGoodwill 2023-07-31 05888113 frs-core:NetGoodwill 2022-08-01 2023-07-31 05888113 frs-core:NetGoodwill 2022-07-31 05888113 frs-core:MotorVehicles 2023-07-31 05888113 frs-core:MotorVehicles 2022-08-01 2023-07-31 05888113 frs-core:MotorVehicles 2022-07-31 05888113 frs-core:PlantMachinery 2023-07-31 05888113 frs-core:PlantMachinery 2022-08-01 2023-07-31 05888113 frs-core:PlantMachinery 2022-07-31 05888113 frs-core:ShareCapital 2023-07-31 05888113 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05888113 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05888113 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05888113 frs-bus:SmallEntities 2022-08-01 2023-07-31 05888113 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05888113 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05888113 frs-bus:Director1 2022-08-01 2023-07-31 05888113 frs-bus:Director2 2022-08-01 2023-07-31 05888113 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 05888113 frs-countries:EnglandWales 2022-08-01 2023-07-31 05888113 2021-07-31 05888113 2022-07-31 05888113 2021-08-01 2022-07-31 05888113 frs-core:CurrentFinancialInstruments 2022-07-31 05888113 frs-core:Non-currentFinancialInstruments 2022-07-31 05888113 frs-core:ShareCapital 2022-07-31 05888113 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05888113
Castleforge Antiques Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
R Stride & Co LLP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05888113
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 27,000 30,000
Tangible Assets 4 2,635 3,514
29,635 33,514
CURRENT ASSETS
Stocks 5 61,565 53,000
Cash at bank and in hand 46,017 50,620
107,582 103,620
Creditors: Amounts Falling Due Within One Year 6 (53,432 ) (44,285 )
NET CURRENT ASSETS (LIABILITIES) 54,150 59,335
TOTAL ASSETS LESS CURRENT LIABILITIES 83,785 92,849
Creditors: Amounts Falling Due After More Than One Year 7 - (27,705 )
NET ASSETS 83,785 65,144
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 83,685 65,044
SHAREHOLDERS' FUNDS 83,785 65,144
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For the year ending 31 July 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 Michael Devaney
Director
5th April 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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.
1.4. 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 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
1.5. 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.
1.6. 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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1.7. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 2 2
2 2
3. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 60,000
As at 31 July 2023 60,000
Amortisation
As at 1 August 2022 30,000
Provided during the period 3,000
As at 31 July 2023 33,000
Net Book Value
As at 31 July 2023 27,000
As at 1 August 2022 30,000
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 2,500 9,800 8,712 21,012
As at 31 July 2023 2,500 9,800 8,712 21,012
Depreciation
As at 1 August 2022 2,312 6,699 8,487 17,498
Provided during the period 47 775 57 879
As at 31 July 2023 2,359 7,474 8,544 18,377
Net Book Value
As at 31 July 2023 141 2,326 168 2,635
As at 1 August 2022 188 3,101 225 3,514
5. Stocks
2023 2022
£ £
Stock - finished goods 61,565 53,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 600
Bank loans and overdrafts 31,247 8,624
Corporation tax 17,178 14,707
PAYE 157 65
VAT 3,362 3,187
Directors' loan accounts 1,487 17,102
53,432 44,285
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 27,705
- 27,705
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
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2023 2022
£ £
Mr Michael Devaney 2,000 2,000
Mrs Maria Devaney 2,000 2,000
11. General Information
Castleforge Antiques Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05888113 . The registered office is The Old Coach House Rear Of Eastville Terrace, Ripon Road, Harrogate, North Yorkshire, HG1 3HJ.
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