Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC294606 Mr Chris Pidcock Mr Paul Welham Dr Matthew Aylett Mr Graham Leary Dr Matthew Aylett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC294606 2022-12-31 SC294606 2023-12-31 SC294606 2023-01-01 2023-12-31 SC294606 frs-core:CurrentFinancialInstruments 2023-12-31 SC294606 frs-core:Non-currentFinancialInstruments 2023-12-31 SC294606 frs-core:PlantMachinery 2023-12-31 SC294606 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC294606 frs-core:PlantMachinery 2022-12-31 SC294606 frs-core:CapitalRedemptionReserve 2023-12-31 SC294606 frs-core:SharePremium 2023-12-31 SC294606 frs-core:ShareCapital 2023-12-31 SC294606 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC294606 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC294606 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC294606 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC294606 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC294606 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC294606 frs-bus:Director1 2023-01-01 2023-12-31 SC294606 frs-bus:Director2 2023-01-01 2023-12-31 SC294606 frs-bus:Director3 2023-01-01 2023-12-31 SC294606 frs-bus:Director4 2023-01-01 2023-12-31 SC294606 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC294606 frs-countries:Scotland 2023-01-01 2023-12-31 SC294606 2021-12-31 SC294606 2022-12-31 SC294606 2022-01-01 2022-12-31 SC294606 frs-core:CurrentFinancialInstruments 2022-12-31 SC294606 frs-core:Non-currentFinancialInstruments 2022-12-31 SC294606 frs-core:CapitalRedemptionReserve 2022-12-31 SC294606 frs-core:SharePremium 2022-12-31 SC294606 frs-core:ShareCapital 2022-12-31 SC294606 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC294606
Cereproc Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Michael Revels & Co
Ladhope Vale House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC294606
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,194 9,028
7,194 9,028
CURRENT ASSETS
Stocks 5 30,000 30,000
Debtors 6 50,018 32,854
Cash at bank and in hand 762,297 835,271
842,315 898,125
Creditors: Amounts Falling Due Within One Year 7 (6,115 ) (29,231 )
NET CURRENT ASSETS (LIABILITIES) 836,200 868,894
TOTAL ASSETS LESS CURRENT LIABILITIES 843,394 877,922
Creditors: Amounts Falling Due After More Than One Year 8 (5,229 ) (5,229 )
NET ASSETS 838,165 872,693
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 15,200 15,200
Capital redemption reserve (745 ) (745 )
Profit and Loss Account 823,610 858,138
SHAREHOLDERS' FUNDS 838,165 872,693
Page 1
Page 2
For the year ending 31 December 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 Paul Welham
Director
03/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cereproc Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC294606 . The registered office is Codebase Argyle House, Lady Lawson Street, Edinburgh, Midlothian, EH3 9DR.
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:
Plant & Machinery 33.3% 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 9)
8 9
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 56,219
Additions 1,757
As at 31 December 2023 57,976
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 47,191
Provided during the period 3,591
As at 31 December 2023 50,782
Net Book Value
As at 31 December 2023 7,194
As at 1 January 2023 9,028
5. Stocks
2023 2022
£ £
Stock 30,000 30,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 46,629 32,387
VAT 3,389 467
50,018 32,854
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,818 21,765
Other taxes and social security 1,722 4,831
Other creditors - 60
Accruals and deferred income 2,575 2,575
6,115 29,231
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 5,229 5,229
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 100,000 200,000
Page 4