Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 02189901 Mrs Naomi Blackmore Mr Colin Todd Mr Andrew Fox Colin Todd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02189901 2023-05-31 02189901 2024-05-31 02189901 2023-06-01 2024-05-31 02189901 frs-core:CurrentFinancialInstruments 2024-05-31 02189901 frs-core:Non-currentFinancialInstruments 2024-05-31 02189901 frs-core:ComputerEquipment 2024-05-31 02189901 frs-core:ComputerEquipment 2023-06-01 2024-05-31 02189901 frs-core:ComputerEquipment 2023-05-31 02189901 frs-core:FurnitureFittings 2024-05-31 02189901 frs-core:FurnitureFittings 2023-06-01 2024-05-31 02189901 frs-core:FurnitureFittings 2023-05-31 02189901 frs-core:PlantMachinery 2024-05-31 02189901 frs-core:PlantMachinery 2023-06-01 2024-05-31 02189901 frs-core:PlantMachinery 2023-05-31 02189901 frs-core:ShareCapital 2024-05-31 02189901 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02189901 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02189901 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02189901 frs-bus:SmallEntities 2023-06-01 2024-05-31 02189901 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02189901 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02189901 1 2023-06-01 2024-05-31 02189901 frs-bus:Director1 2023-06-01 2024-05-31 02189901 frs-bus:Director1 2023-05-31 02189901 frs-bus:Director1 2024-05-31 02189901 frs-bus:Director2 2023-06-01 2024-05-31 02189901 frs-bus:Director3 2023-06-01 2024-05-31 02189901 frs-bus:Director3 2023-05-31 02189901 frs-bus:Director3 2024-05-31 02189901 frs-countries:EnglandWales 2023-06-01 2024-05-31 02189901 2022-05-31 02189901 2023-05-31 02189901 2022-06-01 2023-05-31 02189901 frs-core:CurrentFinancialInstruments 2023-05-31 02189901 frs-core:Non-currentFinancialInstruments 2023-05-31 02189901 frs-core:ShareCapital 2023-05-31 02189901 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02189901
C. S. Todd & Associates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Philip Dyas
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02189901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,203 33,569
57,203 33,569
CURRENT ASSETS
Stocks 5 197,847 173,144
Debtors 6 961,239 835,323
Cash at bank and in hand 1,022,983 1,081,933
2,182,069 2,090,400
Creditors: Amounts Falling Due Within One Year 7 (425,695 ) (419,449 )
NET CURRENT ASSETS (LIABILITIES) 1,756,374 1,670,951
TOTAL ASSETS LESS CURRENT LIABILITIES 1,813,577 1,704,520
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,301 ) (6,378 )
NET ASSETS 1,799,276 1,698,142
CAPITAL AND RESERVES
Called up share capital 8 926 926
Profit and Loss Account 1,798,350 1,697,216
SHAREHOLDERS' FUNDS 1,799,276 1,698,142
Page 1
Page 2
For the year ending 31 May 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 Colin Todd
Director
12/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C. S. Todd & Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02189901 . The registered office is Hutton Roof, Eglinton Road, Rushmoor, Farnham, Surrey, GU10 2DH.
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 15% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Stocks and Work in Progress
Work in progress are valued at the lower of cost and net realisable value.


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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 30)
29 30
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 40,665 37,029 128,977 206,671
Additions 4,283 21,113 12,489 37,885
As at 31 May 2024 44,948 58,142 141,466 244,556
Depreciation
As at 1 June 2023 34,296 33,259 105,547 173,102
Provided during the period 1,597 4,977 7,677 14,251
As at 31 May 2024 35,893 38,236 113,224 187,353
Net Book Value
As at 31 May 2024 9,055 19,906 28,242 57,203
As at 1 June 2023 6,369 3,770 23,430 33,569
5. Stocks
2024 2023
£ £
Work in progress 197,847 173,144
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 211,322 411,059
Prepayments and accrued income 37,528 42,297
Other debtors 375,653 76,331
Corporation tax recoverable assets 5,636 5,636
Directors' loan accounts 5,400 -
635,539 535,323
Due after more than one year
Directors loan account 325,700 300,000
961,239 835,323
Included in Other Debtors is a Short Term Secured loan of £300,000 to Beacon Hill Garage Limited.  
Interest is paid at the rate of 5.5% per year in advance, and the loan is repayable by 31 May 2025, unless both parties agree to extend it
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,289 39,266
Corporation tax 69,982 41,379
Other taxes and social security 63,191 69,141
VAT 98,606 99,358
Other creditors 173,627 170,305
425,695 419,449
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 926 926
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Colin Todd 300,000 - - - 300,000
Mr Andrew Fox - 35,000 3,900 - 31,100
The above loans are unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Colin Todd, Director, by virtue of his ownership of 63% of the issued voting share capital in the company.
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