Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 September 2021 false 1 February 2023 31 January 2024 31 January 2024 11516665 Mr J J Fine Mrs J M Fine Mrs J M Fine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11516665 2023-01-31 11516665 2024-01-31 11516665 2023-02-01 2024-01-31 11516665 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11516665 frs-core:NetGoodwill 2023-02-01 2024-01-31 11516665 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11516665 frs-core:ShareCapital 2024-01-31 11516665 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11516665 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11516665 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 11516665 frs-bus:SmallEntities 2023-02-01 2024-01-31 11516665 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11516665 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11516665 frs-bus:Director1 2023-02-01 2024-01-31 11516665 frs-bus:Director2 2023-02-01 2024-01-31 11516665 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 11516665 frs-countries:EnglandWales 2023-02-01 2024-01-31 11516665 2021-08-31 11516665 2023-01-31 11516665 2021-09-01 2023-01-31 11516665 frs-core:ShareCapital 2023-01-31 11516665 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11516665
Castle Beach Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 11516665
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1
Tangible Assets 5 270,967 272,732
270,967 272,733
CURRENT ASSETS
Debtors 18,423 17,984
Cash at bank and in hand 14,570 10,067
32,993 28,051
Creditors: Amounts Falling Due Within One Year (290,724 ) (288,280 )
NET CURRENT ASSETS (LIABILITIES) (257,731 ) (260,229 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,236 12,504
NET ASSETS 13,236 12,504
CAPITAL AND RESERVES
Called up share capital 6 300 300
Profit and Loss Account 12,936 12,204
SHAREHOLDERS' FUNDS 13,236 12,504
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For the year ending 31 January 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J J Fine
Director
9 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Castle Beach Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11516665 . The registered office is Rathgowry, Gyllyngvase Hill, Falmouth, Cornwall, TR11 4DN.
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 represents the total invoice value, excluding value added tax, of sales made during the period.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2018, is being amortised evenly over its estimated useful life of ten years.

Goodwill is reflected initially at cost and then subsequently at cost less any accumulated amortisation and impairments to date.
2.4. 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 No depreciation
Fixtures & Fittings 20% Straight Line
2.5. Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. 
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for the objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured at the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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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 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.
2.7. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Cash and cash equivalents are shown net of bank overdrafts that are repayable on demand.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 1 February 2023 1
As at 31 January 2024 1
Amortisation
As at 1 February 2023 -
Provided during the period 1
As at 31 January 2024 1
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 1
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5. Tangible Assets
Total
£
Cost
As at 1 February 2023 285,511
Additions 548
As at 31 January 2024 286,059
Depreciation
As at 1 February 2023 12,779
Provided during the period 2,313
As at 31 January 2024 15,092
Net Book Value
As at 31 January 2024 270,967
As at 1 February 2023 272,732
6. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 300 300
7. Related Party Transactions
During the year, there were further loans from another company controlled by a director in the year totalling £3,291. A balance of £140,308 is outstanding at the year end, is interest free and repayable on demand, and is included within creditors less than one year in the financial statements.
In addition, during the year, an associated partnership loaned an additional £Nil to the Company. The balance outstanding with the partnership at the year end is £10,263. This loan is interest free, repayable on demand, and included within creditors less than one year in the financial statements.
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