Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 29 November 2023 29 November 2023 08710987 Mr William Button Miss Sandra Keenan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08710987 2022-11-30 08710987 2023-11-29 08710987 2022-12-01 2023-11-29 08710987 frs-core:CurrentFinancialInstruments 2023-11-29 08710987 frs-core:Non-currentFinancialInstruments 2023-11-29 08710987 frs-core:BetweenOneFiveYears 2023-11-29 08710987 frs-core:ComputerEquipment 2023-11-29 08710987 frs-core:ComputerEquipment 2022-12-01 2023-11-29 08710987 frs-core:ComputerEquipment 2022-11-30 08710987 frs-core:MotorVehicles 2023-11-29 08710987 frs-core:MotorVehicles 2022-12-01 2023-11-29 08710987 frs-core:MotorVehicles 2022-11-30 08710987 frs-core:PlantMachinery 2023-11-29 08710987 frs-core:PlantMachinery 2022-12-01 2023-11-29 08710987 frs-core:PlantMachinery 2022-11-30 08710987 frs-core:ShareCapital 2023-11-29 08710987 frs-core:RetainedEarningsAccumulatedLosses 2023-11-29 08710987 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-29 08710987 frs-bus:FilletedAccounts 2022-12-01 2023-11-29 08710987 frs-bus:SmallEntities 2022-12-01 2023-11-29 08710987 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-29 08710987 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-29 08710987 frs-bus:Director1 2022-12-01 2023-11-29 08710987 frs-bus:Director2 2022-12-01 2023-11-29 08710987 frs-countries:EnglandWales 2022-12-01 2023-11-29 08710987 2021-11-30 08710987 2022-11-30 08710987 2021-12-01 2022-11-30 08710987 frs-core:CurrentFinancialInstruments 2022-11-30 08710987 frs-core:Non-currentFinancialInstruments 2022-11-30 08710987 frs-core:BetweenOneFiveYears 2022-11-30 08710987 frs-core:ShareCapital 2022-11-30 08710987 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08710987
Combi-Tech Limited
Unaudited Financial Statements
For The Year Ended 29 November 2023
MSB Basildon
36 Southernhay
Basildon Town Centre
Essex
SS14 1ET
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08710987
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,840 43,619
35,840 43,619
CURRENT ASSETS
Stocks 5 20,000 800
Debtors 6 41,476 20,118
Cash at bank and in hand 13,708 39,220
75,184 60,138
Creditors: Amounts Falling Due Within One Year 7 (33,490 ) (31,164 )
NET CURRENT ASSETS (LIABILITIES) 41,694 28,974
TOTAL ASSETS LESS CURRENT LIABILITIES 77,534 72,593
Creditors: Amounts Falling Due After More Than One Year 8 (30,101 ) (41,847 )
NET ASSETS 47,433 30,746
CAPITAL AND RESERVES
Called up share capital 10 2 2
Income Statement 47,431 30,744
SHAREHOLDERS' FUNDS 47,433 30,746
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For the year ending 29 November 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 Income Statement.
On behalf of the board
Mr William Button
Director
06/09/2024
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
Combi-Tech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08710987 . The registered office is 36 Southernhay, Basildon, Essex, SS14 1ET.
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% Written Down Value
Motor Vehicles 25% Written Down Value
Computer Equipment 15% Written Down Value
2.4. 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 income statement 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 income statement as incurred.
2.5. 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.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 9,818 60,812 5,765 76,395
Additions - - 2,848 2,848
As at 29 November 2023 9,818 60,812 8,613 79,243
Depreciation
As at 1 December 2022 7,684 23,164 1,928 32,776
Provided during the period 365 9,412 850 10,627
As at 29 November 2023 8,049 32,576 2,778 43,403
Net Book Value
As at 29 November 2023 1,769 28,236 5,835 35,840
As at 1 December 2022 2,134 37,648 3,837 43,619
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5. Stocks
2023 2022
£ £
Materials 20,000 800
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 50,298 28,940
Deferred tax current asset (8,822) (8,822)
41,476 20,118
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 7,418 -
Corporation tax 12,173 17,424
Other taxes and social security - 2,222
VAT 7,856 5,463
Bounce back loan 6,000 6,000
Directors' loan accounts 43 55
33,490 31,164
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 20,601 26,347
BBL after one year 9,500 15,500
30,101 41,847
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 20,601 26,347
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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