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 03698048 Mrs Kim Carlisle Mr Kevin Stevenson Mr Allan Johnson Mrs Kim Carlisle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03698048 2022-12-31 03698048 2023-12-31 03698048 2023-01-01 2023-12-31 03698048 frs-core:Non-currentFinancialInstruments 2023-12-31 03698048 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03698048 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03698048 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03698048 frs-core:MotorVehicles 2023-01-01 2023-12-31 03698048 frs-core:PlantMachinery 2023-01-01 2023-12-31 03698048 frs-core:ShareCapital 2023-12-31 03698048 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03698048 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03698048 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 03698048 frs-bus:SmallEntities 2023-01-01 2023-12-31 03698048 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03698048 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03698048 frs-core:ProvisionsDeferredTax 2023-12-31 03698048 frs-bus:Director1 2023-01-01 2023-12-31 03698048 frs-bus:Director2 2023-01-01 2023-12-31 03698048 frs-bus:Director3 2023-01-01 2023-12-31 03698048 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03698048 frs-core:Non-currentFinancialInstruments 1 2023-12-31 03698048 frs-core:Non-currentFinancialInstruments 3 2023-12-31 03698048 frs-countries:EnglandWales 2023-01-01 2023-12-31 03698048 2021-12-31 03698048 2022-12-31 03698048 2022-01-01 2022-12-31 03698048 frs-core:Non-currentFinancialInstruments 2022-12-31 03698048 frs-core:ShareCapital 2022-12-31 03698048 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03698048 frs-core:ProvisionsDeferredTax 2022-12-31 03698048 frs-core:Non-currentFinancialInstruments 1 2022-12-31 03698048 frs-core:Non-currentFinancialInstruments 3 2022-12-31
Registered number: 03698048
Mansfield Anodisers Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Newtons Accountants Limited
Chartered Certified Accountants
470 Hucknall Road
Nottingham
Nottinghamshire
NG5 1FX
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 03698048
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 639,862 286,121
639,862 286,121
CURRENT ASSETS
Stocks 5,276 4,576
Debtors 4 1,058,221 1,014,061
Cash at bank and in hand 1,406,771 1,810,803
2,470,268 2,829,440
Creditors: Amounts Falling Due Within One Year (361,336 ) (382,598 )
NET CURRENT ASSETS (LIABILITIES) 2,108,932 2,446,842
TOTAL ASSETS LESS CURRENT LIABILITIES 2,748,794 2,732,963
Creditors: Amounts Falling Due After More Than One Year (5,040 ) (10,275 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (73,000 ) (73,000 )
Deferred Taxation 5 (18,306 ) (18,658 )
NET ASSETS 2,652,448 2,631,030
CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Profit and Loss Account 2,642,448 2,621,030
SHAREHOLDERS' FUNDS 2,652,448 2,631,030
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Kim Carlisle
Director
30/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.


Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

1.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold nil
Leasehold 10% straight line
Plant & Machinery 10%, 25% or 33.3% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% straight line
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1.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. 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.
1.6. Taxation
The company's tax charge represents the sum of the corporation tax currently payable and deferred tax.
The corporation 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.
1.7. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

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1.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

2. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: 23)
23 23
3. Tangible Assets
Total
£
Cost
As at 1 January 2023 617,151
Additions 466,969
Disposals (24,401 )
As at 31 December 2023 1,059,719
Depreciation
As at 1 January 2023 331,030
Provided during the period 90,229
Disposals (1,402 )
As at 31 December 2023 419,857
Net Book Value
As at 31 December 2023 639,862
As at 1 January 2023 286,121
4. Debtors
2023 2022
£ £
Due after more than one year
Directors loan accounts 130,996 150,506
Loan to related company 300,000 300,000
Section 455 tax recoverable (after one year) 97,945 108,538
528,941 559,044
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5. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Deferred Tax 18,306 18,658
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
7. Related Party Transactions
During the year the directors had loan accounts with the company. The opening balance was £199,296 owing to the company and during the year net monies of £18,157 were introduced by the directors. The closing balance of £181,139 (2022: £199,296) owing to the company is split with £50,143 (2022: £48,790) classified as debtors receivable within one year and £130,996 (2022: £150,506) classified as debtors receivable after one year. 
During a previous year the company made loans to a company under common control. The opening balance of this loan was £300,000 and there has been no movement on this loan during the year. The closing balance of £300,000 is included in debtors due after more than one year. 
There are no set repayment or interest terms on this loan.
8. General Information
The company is a private company, limited by shares, incorporated in England & Wales, registered number 03698048 . The registered office is 46 Hermitage Way, Mansfield, Nottinghamshire, NG18 5ES.
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