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 04841566 Mr Andrew Tatarek-Gintowt Mrs Clare Tatarek-Gintowt Mrs Clare Tatarek-Gintowt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04841566 2022-12-31 04841566 2023-12-31 04841566 2023-01-01 2023-12-31 04841566 frs-core:CurrentFinancialInstruments 2023-12-31 04841566 frs-core:ComputerEquipment 2023-12-31 04841566 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04841566 frs-core:ComputerEquipment 2022-12-31 04841566 frs-core:PlantMachinery 2023-12-31 04841566 frs-core:PlantMachinery 2023-01-01 2023-12-31 04841566 frs-core:PlantMachinery 2022-12-31 04841566 frs-core:ShareCapital 2023-12-31 04841566 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04841566 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04841566 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04841566 frs-bus:SmallEntities 2023-01-01 2023-12-31 04841566 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04841566 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04841566 frs-bus:Director1 2023-01-01 2023-12-31 04841566 frs-bus:Director2 2023-01-01 2023-12-31 04841566 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04841566 frs-countries:EnglandWales 2023-01-01 2023-12-31 04841566 2021-12-31 04841566 2022-12-31 04841566 2022-01-01 2022-12-31 04841566 frs-core:CurrentFinancialInstruments 2022-12-31 04841566 frs-core:ShareCapital 2022-12-31 04841566 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04841566
C2M Design Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Grant-Jones Accountancy Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04841566
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,438 3,130
2,438 3,130
CURRENT ASSETS
Debtors 5 35,502 37,859
Cash at bank and in hand 190,914 255,498
226,416 293,357
Creditors: Amounts Falling Due Within One Year 6 (23,933 ) (38,292 )
NET CURRENT ASSETS (LIABILITIES) 202,483 255,065
TOTAL ASSETS LESS CURRENT LIABILITIES 204,921 258,195
NET ASSETS 204,921 258,195
CAPITAL AND RESERVES
Called up share capital 7 3,030 3,030
Profit and Loss Account 201,891 255,165
SHAREHOLDERS' FUNDS 204,921 258,195
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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.
On behalf of the board
Mr Andrew Tatarek-Gintowt
Director
29th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
C2M Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04841566 . The registered office is Gower House Croft Road, Aldershot, Hampshire, GU11 3HR.
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 20% Reducing Balance
Computer Equipment 33% 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 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: 5 (2022: 5)
5 5
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 65,664 32,248 97,912
As at 31 December 2023 65,664 32,248 97,912
Depreciation
As at 1 January 2023 63,041 31,741 94,782
Provided during the period 525 167 692
As at 31 December 2023 63,566 31,908 95,474
Net Book Value
As at 31 December 2023 2,098 340 2,438
As at 1 January 2023 2,623 507 3,130
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,887 24,894
Prepayments and accrued income 4,615 8,578
Corporation tax recoverable assets - 4,387
35,502 37,859
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 682 896
VAT 18,862 33,263
Other creditors 352 476
Accruals and deferred income 3,260 2,880
Directors' loan accounts 777 777
23,933 38,292
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3,030 3,030
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8. Related Party Transactions
Amounts due from related parties
2023
2022
£
£
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image
Other related party
4,004
image
-
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Transactions with related parties
2023
2022
£
£
image
image
Sale of service
124,335
image
119,397
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The entities above are considered related party by virtue of common control and directorship of Mr A Tatarek-Gintowt.
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