Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2021 1 January 2021 false 1 January 2022 31 December 2022 31 December 2022 07415667 Mr Christopher Greg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07415667 2021-12-31 07415667 2022-12-31 07415667 2022-01-01 2022-12-31 07415667 frs-core:CurrentFinancialInstruments 2022-12-31 07415667 frs-core:Non-currentFinancialInstruments 2022-12-31 07415667 frs-core:ComputerEquipment 2022-12-31 07415667 frs-core:ComputerEquipment 2022-01-01 2022-12-31 07415667 frs-core:ComputerEquipment 2021-12-31 07415667 frs-core:FurnitureFittings 2022-12-31 07415667 frs-core:FurnitureFittings 2022-01-01 2022-12-31 07415667 frs-core:FurnitureFittings 2021-12-31 07415667 frs-core:NetGoodwill 2022-12-31 07415667 frs-core:NetGoodwill 2022-01-01 2022-12-31 07415667 frs-core:NetGoodwill 2021-12-31 07415667 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 07415667 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-01-01 2022-12-31 07415667 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-12-31 07415667 frs-core:MotorVehicles 2022-12-31 07415667 frs-core:MotorVehicles 2022-01-01 2022-12-31 07415667 frs-core:MotorVehicles 2021-12-31 07415667 frs-core:PlantMachinery 2022-12-31 07415667 frs-core:PlantMachinery 2022-01-01 2022-12-31 07415667 frs-core:PlantMachinery 2021-12-31 07415667 frs-core:ShareCapital 2022-12-31 07415667 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07415667 frs-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07415667 frs-bus:FilletedAccounts 2022-01-01 2022-12-31 07415667 frs-bus:SmallEntities 2022-01-01 2022-12-31 07415667 frs-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07415667 frs-bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 07415667 frs-bus:Director1 2022-01-01 2022-12-31 07415667 frs-countries:EnglandWales 2022-01-01 2022-12-31 07415667 2020-12-31 07415667 2021-12-31 07415667 2021-01-01 2021-12-31 07415667 frs-core:CurrentFinancialInstruments 2021-12-31 07415667 frs-core:Non-currentFinancialInstruments 2021-12-31 07415667 frs-core:ShareCapital 2021-12-31 07415667 frs-core:RetainedEarningsAccumulatedLosses 2021-12-31
Registered number: 07415667
Cmgt Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2022
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07415667
2022 2021
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,958 5,089
Tangible Assets 5 26,804 4,078
30,762 9,167
CURRENT ASSETS
Stocks 6 452,411 463,723
Debtors 7 372,319 322,423
Cash at bank and in hand 2,564 30,969
827,294 817,115
Creditors: Amounts Falling Due Within One Year 8 (471,045 ) (361,919 )
NET CURRENT ASSETS (LIABILITIES) 356,249 455,196
TOTAL ASSETS LESS CURRENT LIABILITIES 387,011 464,363
Creditors: Amounts Falling Due After More Than One Year 9 (114,145 ) (195,607 )
NET ASSETS 272,866 268,756
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 272,766 268,656
SHAREHOLDERS' FUNDS 272,866 268,756
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For the year ending 31 December 2022 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 Christopher Greg
Director
24 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. General Information
Cmgt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07415667 . The registered office is Limmers Storage, Stakes Lane, Upham, Southampton, SO32 1TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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 profit and loss account over its estimated economic life of .... 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:
Leasehold 2% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2021: )
4 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2022 5,655
As at 31 December 2022 5,655
Amortisation
As at 1 January 2022 566
Provided during the period 1,131
As at 31 December 2022 1,697
Net Book Value
As at 31 December 2022 3,958
As at 1 January 2022 5,089
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2022 3,510 12,114 - -
Additions - 14,024 5,445 8,064
As at 31 December 2022 3,510 26,138 5,445 8,064
...CONTINUED
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Depreciation
As at 1 January 2022 3,510 8,036 - -
Provided during the period - 1,869 1,134 2,016
As at 31 December 2022 3,510 9,905 1,134 2,016
Net Book Value
As at 31 December 2022 - 16,233 4,311 6,048
As at 1 January 2022 - 4,078 - -
Computer Equipment Total
£ £
Cost
As at 1 January 2022 - 15,624
Additions 268 27,801
As at 31 December 2022 268 43,425
Depreciation
As at 1 January 2022 - 11,546
Provided during the period 56 5,075
As at 31 December 2022 56 16,621
Net Book Value
As at 31 December 2022 212 26,804
As at 1 January 2022 - 4,078
6. Stocks
2022 2021
£ £
Finished goods 452,411 463,723
7. Debtors
2022 2021
£ £
Due within one year
Trade debtors 2,258 3,342
Other debtors 272,046 266,230
Amounts owed by subsidiaries 98,015 52,851
372,319 322,423
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8. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 57,580 117,586
Other taxes and social security 144,593 151,807
VAT 11,483 -
Other creditors 113,108 92,526
Accruals and deferred income 3,750 -
Director's loan account 140,531 -
471,045 361,919
9. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 114,145 195,607
114,145 195,607
10. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 100 100
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