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 07473450 Mr Paul Cooper Mr Dominic Cooper Miss Barbara Henderson Mr Paul Cooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07473450 2022-12-31 07473450 2023-12-31 07473450 2023-01-01 2023-12-31 07473450 frs-core:CurrentFinancialInstruments 2023-12-31 07473450 frs-core:Non-currentFinancialInstruments 2023-12-31 07473450 frs-core:MotorVehicles 2023-12-31 07473450 frs-core:MotorVehicles 2023-01-01 2023-12-31 07473450 frs-core:MotorVehicles 2022-12-31 07473450 frs-core:PlantMachinery 2023-12-31 07473450 frs-core:PlantMachinery 2023-01-01 2023-12-31 07473450 frs-core:PlantMachinery 2022-12-31 07473450 frs-core:ShareCapital 2023-12-31 07473450 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07473450 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07473450 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07473450 frs-bus:SmallEntities 2023-01-01 2023-12-31 07473450 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07473450 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07473450 frs-bus:Director1 2023-01-01 2023-12-31 07473450 frs-bus:Director1 2022-12-31 07473450 frs-bus:Director1 2023-12-31 07473450 frs-bus:Director2 2023-01-01 2023-12-31 07473450 frs-bus:Director3 2023-01-01 2023-12-31 07473450 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07473450 frs-countries:EnglandWales 2023-01-01 2023-12-31 07473450 2021-12-31 07473450 2022-12-31 07473450 2022-01-01 2022-12-31 07473450 frs-core:CurrentFinancialInstruments 2022-12-31 07473450 frs-core:Non-currentFinancialInstruments 2022-12-31 07473450 frs-core:ShareCapital 2022-12-31 07473450 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07473450
Clearstone Business Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07473450
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,340 25,786
19,340 25,786
CURRENT ASSETS
Debtors 5 191,218 105,467
Cash at bank and in hand 21,248 18,571
212,466 124,038
Creditors: Amounts Falling Due Within One Year 6 (108,760 ) (76,573 )
NET CURRENT ASSETS (LIABILITIES) 103,706 47,465
TOTAL ASSETS LESS CURRENT LIABILITIES 123,046 73,251
Creditors: Amounts Falling Due After More Than One Year 7 (119,270 ) (68,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,674 ) (4,899 )
NET ASSETS 102 102
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 1 1
SHAREHOLDERS' FUNDS 102 102
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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 Paul Cooper
Director
12/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clearstone Business Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07473450 . The registered office is The Dock Hub, Wilbury Villas, Hove, BN3 6AH.
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 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
2.6. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account 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: 3)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 5,521 42,090 47,611
As at 31 December 2023 5,521 42,090 47,611
Depreciation
As at 1 January 2023 3,411 18,414 21,825
Provided during the period 527 5,919 6,446
As at 31 December 2023 3,938 24,333 28,271
Net Book Value
As at 31 December 2023 1,583 17,757 19,340
As at 1 January 2023 2,110 23,676 25,786
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,834 27,577
Other debtors 163,384 77,890
191,218 105,467
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 10,916 9,488
Bank loans and overdrafts 54,213 21,000
Other creditors 895 839
Taxation and social security 42,736 45,246
108,760 76,573
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 119,270 68,250
119,270 68,250
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8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets of the company.
2023 2022
£ £
Bank loans and overdrafts - 89,250
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 101 101
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £nil (PY £nil) were due to the fund. They are included in Other Creditors.
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Paul Cooper 40,620 75,370 40,620 - 75,370
The above loan is unsecured, interest free and repayable on demand.
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