Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10124323 Mr P G Mills Mr D J Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10124323 2023-04-30 10124323 2024-04-30 10124323 2023-05-01 2024-04-30 10124323 frs-core:CurrentFinancialInstruments 2024-04-30 10124323 frs-core:ComputerEquipment 2024-04-30 10124323 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10124323 frs-core:ComputerEquipment 2023-04-30 10124323 frs-core:FurnitureFittings 2024-04-30 10124323 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10124323 frs-core:FurnitureFittings 2023-04-30 10124323 frs-core:MotorVehicles 2024-04-30 10124323 frs-core:MotorVehicles 2023-05-01 2024-04-30 10124323 frs-core:MotorVehicles 2023-04-30 10124323 frs-core:PlantMachinery 2024-04-30 10124323 frs-core:PlantMachinery 2023-05-01 2024-04-30 10124323 frs-core:PlantMachinery 2023-04-30 10124323 frs-core:ShareCapital 2024-04-30 10124323 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10124323 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10124323 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10124323 frs-bus:SmallEntities 2023-05-01 2024-04-30 10124323 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10124323 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10124323 frs-core:DeferredTaxation 2023-05-01 2024-04-30 10124323 frs-core:DeferredTaxation 2023-04-30 10124323 frs-core:DeferredTaxation 2024-04-30 10124323 frs-bus:Director1 2023-05-01 2024-04-30 10124323 frs-bus:Director2 2023-05-01 2024-04-30 10124323 frs-countries:EnglandWales 2023-05-01 2024-04-30 10124323 2022-04-30 10124323 2023-04-30 10124323 2022-05-01 2023-04-30 10124323 frs-core:CurrentFinancialInstruments 2023-04-30 10124323 frs-core:ShareCapital 2023-04-30 10124323 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10124323
CPR (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10124323
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,558 30,570
48,558 30,570
CURRENT ASSETS
Debtors 5 17,328 41,750
Cash at bank and in hand 104,723 90,964
122,051 132,714
Creditors: Amounts Falling Due Within One Year 6 (10,902 ) (24,525 )
NET CURRENT ASSETS (LIABILITIES) 111,149 108,189
TOTAL ASSETS LESS CURRENT LIABILITIES 159,707 138,759
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,226 ) (5,808 )
NET ASSETS 150,481 132,951
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 150,480 132,950
SHAREHOLDERS' FUNDS 150,481 132,951
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For the year ending 30 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
Mr P G Mills
Director
26 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
CPR (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10124323 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency is pounds sterling (£).
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% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on cost
Computer Equipment 20% on cost
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: 2 (2023: 1)
2 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 1,118 49,292 503 2,220 53,133
Additions - 33,563 - 574 34,137
As at 30 April 2024 1,118 82,855 503 2,794 87,270
Depreciation
As at 1 May 2023 436 19,978 448 1,701 22,563
Provided during the period 136 15,719 50 244 16,149
As at 30 April 2024 572 35,697 498 1,945 38,712
Net Book Value
As at 30 April 2024 546 47,158 5 849 48,558
As at 1 May 2023 682 29,314 55 519 30,570
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 29,317
Prepayments and accrued income 3,574 662
VAT 13,754 11,771
17,328 41,750
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,295 13,883
Accruals and deferred income 2,050 2,850
Directors' loan accounts 6,557 7,792
10,902 24,525
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 5,808 5,808
Deferred taxation 3,418 3,418
Balance at 30 April 2024 9,226 9,226
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Related Party Transactions
There were loans outstanding to the directors at the end of the year which totalled £6,557 (2023- £7,792). These particular loans are interest free and repayable on demand.
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