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 04889941 Mr Peter Trenter Mr Kevin Giles Mr Nicholas Ditton Mr Keith Trenter Mr Nicholas Ditton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04889941 2022-12-31 04889941 2023-12-31 04889941 2023-01-01 2023-12-31 04889941 frs-core:CurrentFinancialInstruments 2023-12-31 04889941 frs-core:FurnitureFittings 2023-12-31 04889941 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04889941 frs-core:FurnitureFittings 2022-12-31 04889941 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04889941 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04889941 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 04889941 frs-core:MotorVehicles 2023-12-31 04889941 frs-core:MotorVehicles 2023-01-01 2023-12-31 04889941 frs-core:MotorVehicles 2022-12-31 04889941 frs-core:PlantMachinery 2023-12-31 04889941 frs-core:PlantMachinery 2023-01-01 2023-12-31 04889941 frs-core:PlantMachinery 2022-12-31 04889941 frs-core:RevaluationReserve 2022-12-31 04889941 frs-core:RevaluationReserve 2023-12-31 04889941 frs-core:ShareCapital 2023-12-31 04889941 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04889941 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04889941 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04889941 frs-bus:SmallEntities 2023-01-01 2023-12-31 04889941 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04889941 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04889941 frs-bus:Director1 2023-01-01 2023-12-31 04889941 frs-bus:Director2 2023-01-01 2023-12-31 04889941 frs-bus:Director3 2023-01-01 2023-12-31 04889941 frs-bus:Director4 2023-01-01 2023-12-31 04889941 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04889941 frs-countries:EnglandWales 2023-01-01 2023-12-31 04889941 2021-12-31 04889941 2022-12-31 04889941 2022-01-01 2022-12-31 04889941 frs-core:CurrentFinancialInstruments 2022-12-31 04889941 frs-core:RevaluationReserve 2022-12-31 04889941 frs-core:ShareCapital 2022-12-31 04889941 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04889941
Camberley Service Centre Ltd
Financial Statements
For The Year Ended 31 December 2023
Ditton Accounting
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04889941
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 456,547 448,021
456,547 448,021
CURRENT ASSETS
Stocks 5 70,882 54,379
Debtors 6 94,578 78,616
Cash at bank and in hand 409,259 530,193
574,719 663,188
Creditors: Amounts Falling Due Within One Year 7 (340,969 ) (367,746 )
NET CURRENT ASSETS (LIABILITIES) 233,750 295,442
TOTAL ASSETS LESS CURRENT LIABILITIES 690,297 743,463
NET ASSETS 690,297 743,463
CAPITAL AND RESERVES
Called up share capital 8 101 101
Revaluation reserve 9 38,394 38,394
Profit and Loss Account 651,802 704,968
SHAREHOLDERS' FUNDS 690,297 743,463
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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 Kevin Giles
Director
04/09/2024
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
Camberley Service Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04889941 . The registered office is Unit 9 Admiralty Way, Camberley, Surrey, GU15 3DT.
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 at valuation
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 19)
20 19
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 411,350 131,685 89,014 35,196 667,245
Additions - 218 24,250 - 24,468
Disposals (1,000 ) - - - (1,000 )
As at 31 December 2023 410,350 131,903 113,264 35,196 690,713
Depreciation
As at 1 January 2023 - 110,729 77,372 31,123 219,224
Provided during the period - 5,066 8,973 903 14,942
As at 31 December 2023 - 115,795 86,345 32,026 234,166
Net Book Value
As at 31 December 2023 410,350 16,108 26,919 3,170 456,547
As at 1 January 2023 411,350 20,956 11,642 4,073 448,021
5. Stocks
2023 2022
£ £
Finished goods 70,882 54,379
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 58,541 57,582
Prepayments and accrued income 36,037 21,034
94,578 78,616
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 153,852 144,380
Bank loans and overdrafts - 1,083
Corporation tax 100,126 92,599
Other taxes and social security 28,250 22,096
VAT 42,941 49,165
Other creditors - 8,232
Accruals and deferred income 622 3,077
Directors' loan accounts 15,178 47,114
340,969 367,746
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 101 101
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 38,394
As at 31 December 2023 38,394
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