Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 00393602 Mr Bernard Sammons Mr Jonathan Sammons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00393602 2022-06-30 00393602 2023-06-30 00393602 2022-07-01 2023-06-30 00393602 frs-core:CurrentFinancialInstruments 2023-06-30 00393602 frs-core:Non-currentFinancialInstruments 2023-06-30 00393602 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 00393602 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00393602 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-06-30 00393602 frs-core:MotorVehicles 2022-07-01 2023-06-30 00393602 frs-core:RevaluationReserve 2022-06-30 00393602 frs-core:RevaluationReserve 2023-06-30 00393602 frs-core:ShareCapital 2023-06-30 00393602 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 00393602 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 00393602 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 00393602 frs-bus:SmallEntities 2022-07-01 2023-06-30 00393602 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 00393602 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 00393602 frs-bus:Director1 2022-07-01 2023-06-30 00393602 frs-bus:Director2 2022-07-01 2023-06-30 00393602 frs-countries:EnglandWales 2022-07-01 2023-06-30 00393602 2021-06-30 00393602 2022-06-30 00393602 2021-07-01 2022-06-30 00393602 frs-core:CurrentFinancialInstruments 2022-06-30 00393602 frs-core:Non-currentFinancialInstruments 2022-06-30 00393602 frs-core:RevaluationReserve 2022-06-30 00393602 frs-core:ShareCapital 2022-06-30 00393602 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
C.R. Turner (Watford) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00393602
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 750,000 750,000
750,000 750,000
CURRENT ASSETS
Debtors 5 20,968 10,500
Cash at bank and in hand - 1,826
20,968 12,326
Creditors: Amounts Falling Due Within One Year 6 (17,326 ) (11,971 )
NET CURRENT ASSETS (LIABILITIES) 3,642 355
TOTAL ASSETS LESS CURRENT LIABILITIES 753,642 750,355
Creditors: Amounts Falling Due After More Than One Year 7 (182,650 ) (207,234 )
NET ASSETS 570,992 543,121
CAPITAL AND RESERVES
Called up share capital 8 3,202 3,202
Revaluation reserve 9 440,900 440,900
Profit and Loss Account 126,890 99,019
SHAREHOLDERS' FUNDS 570,992 543,121
Page 1
Page 2
For the year ending 30 June 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 Jonathan Sammons
Director
27th February 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C.R. Turner (Watford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00393602 . The registered office is CR Turner Watford, Mulberry Grove, Suite 3653, Wokingham, Berkshire, RG40 9NN.
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 0%
Motor Vehicles 25% reducing balance
2.4. 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 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.
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 asset reflects 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: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 July 2022 750,000
As at 30 June 2023 750,000
Net Book Value
As at 30 June 2023 750,000
As at 1 July 2022 750,000
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 20,968 10,500
20,968 10,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 -
Bank loans and overdrafts 54 -
Corporation tax 15,172 10,879
Accruals and deferred income 550 550
Directors' loan accounts 1,549 542
17,326 11,971
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Mortgage (Long term liabilities - creditors > 1 year) 152,802 166,737
Other creditors (Long term liabilities - creditors > 1 year) 29,848 40,497
182,650 207,234
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3,202 3,202
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 July 2022 440,900
As at 30 June 2023 440,900
Page 5