Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 06854015 Mr Craig Norman Mrs Amanda Norman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06854015 2023-02-28 06854015 2024-02-28 06854015 2023-03-01 2024-02-28 06854015 frs-core:Non-currentFinancialInstruments 2024-02-28 06854015 frs-core:FurnitureFittings 2023-03-01 2024-02-28 06854015 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 06854015 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 06854015 frs-core:MotorVehicles 2023-03-01 2024-02-28 06854015 frs-core:PlantMachinery 2023-03-01 2024-02-28 06854015 frs-core:ShareCapital 2024-02-28 06854015 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 06854015 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 06854015 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 06854015 frs-bus:SmallEntities 2023-03-01 2024-02-28 06854015 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 06854015 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 06854015 frs-bus:Director1 2023-03-01 2024-02-28 06854015 frs-bus:Director2 2023-03-01 2024-02-28 06854015 frs-countries:EnglandWales 2023-03-01 2024-02-28 06854015 2022-02-28 06854015 2023-02-28 06854015 2022-03-01 2023-02-28 06854015 frs-core:Non-currentFinancialInstruments 2023-02-28 06854015 frs-core:ShareCapital 2023-02-28 06854015 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06854015
Craig Norman Print & Promotionals Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
M J Golz & Co
Chartered Certified Accountants
Odeon House,146 College Road
Harrow
HA1 1BH
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06854015
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 139,268 153,584
139,268 153,584
CURRENT ASSETS
Debtors 5 131,016 141,809
Cash at bank and in hand 148,809 190,413
279,825 332,222
Creditors: Amounts Falling Due Within One Year (75,229 ) (87,231 )
NET CURRENT ASSETS (LIABILITIES) 204,596 244,991
TOTAL ASSETS LESS CURRENT LIABILITIES 343,864 398,575
NET ASSETS 343,864 398,575
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 343,764 398,475
SHAREHOLDERS' FUNDS 343,864 398,575
Page 1
Page 2
For the year ending 28 February 2024 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Craig Norman
Director
17/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Craig Norman Print & Promotionals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06854015 . The registered office is Odeon House 146 College Road, Harrow, HA1 1BH.
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:
Freehold No depreciation provided
Leasehold 10% straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 20% straigh line
Fixtures & Fittings Fully depreciated
2.4. Taxation
Income tax expense represents the sum of the tax currently payable 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 year 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.
Current 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: 3 (2023: 2)
3 2
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 220,179
As at 28 February 2024 220,179
Depreciation
As at 1 March 2023 66,595
Provided during the period 14,316
As at 28 February 2024 80,911
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 139,268
As at 1 March 2023 153,584
5. Debtors
2024 2023
£ £
Due after more than one year
Craig Norman Properties Ltd 80,000 80,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 24,000 24,000
Page 4