Acorah Software Products - Accounts Production 15.0.600 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 06200896 Mr Shaun Fuller Mr Antony Purdy Mrs Christina Walther Mr Thomas Walther Mrs Rowena Mathias iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06200896 2023-04-05 06200896 2024-04-05 06200896 2023-04-06 2024-04-05 06200896 frs-core:CurrentFinancialInstruments 2024-04-05 06200896 frs-core:ComputerEquipment 2024-04-05 06200896 frs-core:ComputerEquipment 2023-04-06 2024-04-05 06200896 frs-core:ComputerEquipment 2023-04-05 06200896 frs-core:FurnitureFittings 2024-04-05 06200896 frs-core:FurnitureFittings 2023-04-06 2024-04-05 06200896 frs-core:FurnitureFittings 2023-04-05 06200896 frs-core:MotorVehicles 2024-04-05 06200896 frs-core:MotorVehicles 2023-04-06 2024-04-05 06200896 frs-core:MotorVehicles 2023-04-05 06200896 frs-core:PlantMachinery 2024-04-05 06200896 frs-core:PlantMachinery 2023-04-06 2024-04-05 06200896 frs-core:PlantMachinery 2023-04-05 06200896 frs-core:ShareCapital 2024-04-05 06200896 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 06200896 frs-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 06200896 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 06200896 frs-bus:SmallEntities 2023-04-06 2024-04-05 06200896 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 06200896 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 06200896 frs-bus:Director1 2023-04-06 2024-04-05 06200896 frs-bus:Director2 2023-04-06 2024-04-05 06200896 frs-bus:Director2 2023-04-05 06200896 frs-bus:Director2 2024-04-05 06200896 frs-bus:Director3 2023-04-06 2024-04-05 06200896 frs-bus:Director3 2023-04-05 06200896 frs-bus:Director3 2024-04-05 06200896 frs-bus:Director4 2023-04-06 2024-04-05 06200896 frs-bus:Director4 2023-04-05 06200896 frs-bus:Director4 2024-04-05 06200896 frs-bus:CompanySecretary1 2023-04-06 2024-04-05 06200896 frs-countries:EnglandWales 2023-04-06 2024-04-05 06200896 2022-04-05 06200896 2023-04-05 06200896 2022-04-06 2023-04-05 06200896 frs-core:CurrentFinancialInstruments 2023-04-05 06200896 frs-core:ShareCapital 2023-04-05 06200896 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05
Registered number: 06200896
Colne Contracts Limited
Unaudited Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06200896
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,037 75,200
73,037 75,200
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 116,369 120,671
Cash at bank and in hand 598,533 642,940
715,402 764,111
Creditors: Amounts Falling Due Within One Year 7 (53,186 ) (92,770 )
NET CURRENT ASSETS (LIABILITIES) 662,216 671,341
TOTAL ASSETS LESS CURRENT LIABILITIES 735,253 746,541
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,626 ) (13,954 )
NET ASSETS 721,627 732,587
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 720,627 731,587
SHAREHOLDERS' FUNDS 721,627 732,587
Page 1
Page 2
For the year ending 5 April 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.
On behalf of the board
Mrs Christina Walther
Director
1st July 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
Colne Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06200896 . The registered office is 9 Byford Court Crockatt Road, Hadleigh, Ipswich, Suffolk, IP7 6RD.
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 represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax. Unbilled turnover on the provision of individual client construction contracts is included as accrued income within debtors. Where individual on account billings exceed revenue recognised on client contracts, the excess is classified as deferred income within creditors.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 6 April 2023 125,444 91,010 1,770 4,205 222,429
Additions - 16,500 2,940 - 19,440
Disposals - (292 ) - - (292 )
As at 5 April 2024 125,444 107,218 4,710 4,205 241,577
Depreciation
As at 6 April 2023 80,257 64,723 774 1,475 147,229
Provided during the period 9,496 10,691 984 410 21,581
Disposals - (270 ) - - (270 )
As at 5 April 2024 89,753 75,144 1,758 1,885 168,540
Net Book Value
As at 5 April 2024 35,691 32,074 2,952 2,320 73,037
As at 6 April 2023 45,187 26,287 996 2,730 75,200
5. Stocks
2024 2023
£ £
Stock 500 500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,852 73,440
Other debtors 24,517 47,231
116,369 120,671
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,189 41,833
Other creditors 3,760 3,612
Taxation and social security 11,237 47,325
53,186 92,770
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 6 April 2023 Amounts advanced Amounts repaid Amounts written off As at 5 April 2024
£ £ £ £ £
Mr Shaun Fuller 5,700 (8,090 ) 6,700 - 7,090
Mr Antony Purdy - (2,000 ) 1,000 - 1,000
Mr Thomas Walther 17,000 (8,000 ) 17,000 - 8,000
The above loan is unsecured, interest free and repayable on demand.
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