Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12396641 Mr Glen Carlin Mrs Natasha Carlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12396641 2023-01-31 12396641 2024-01-31 12396641 2023-02-01 2024-01-31 12396641 frs-core:CurrentFinancialInstruments 2024-01-31 12396641 frs-core:Non-currentFinancialInstruments 2024-01-31 12396641 frs-core:BetweenOneFiveYears 2024-01-31 12396641 frs-core:ComputerEquipment 2024-01-31 12396641 frs-core:ComputerEquipment 2023-02-01 2024-01-31 12396641 frs-core:ComputerEquipment 2023-01-31 12396641 frs-core:FurnitureFittings 2024-01-31 12396641 frs-core:FurnitureFittings 2023-02-01 2024-01-31 12396641 frs-core:FurnitureFittings 2023-01-31 12396641 frs-core:MotorVehicles 2024-01-31 12396641 frs-core:MotorVehicles 2023-02-01 2024-01-31 12396641 frs-core:MotorVehicles 2023-01-31 12396641 frs-core:WithinOneYear 2024-01-31 12396641 frs-core:ShareCapital 2024-01-31 12396641 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12396641 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12396641 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12396641 frs-bus:SmallEntities 2023-02-01 2024-01-31 12396641 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12396641 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12396641 frs-bus:Director1 2023-02-01 2024-01-31 12396641 frs-bus:Director2 2023-02-01 2024-01-31 12396641 frs-countries:EnglandWales 2023-02-01 2024-01-31 12396641 2022-01-31 12396641 2023-01-31 12396641 2022-02-01 2023-01-31 12396641 frs-core:CurrentFinancialInstruments 2023-01-31 12396641 frs-core:Non-currentFinancialInstruments 2023-01-31 12396641 frs-core:BetweenOneFiveYears 2023-01-31 12396641 frs-core:WithinOneYear 2023-01-31 12396641 frs-core:ShareCapital 2023-01-31 12396641 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12396641
Carlin Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
BarkerBarnes & Co Limited
Chartered Accountants
9 Horseshoe Drive
Romsey
Hampshire
SO51 7TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12396641
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,459 17,880
27,459 17,880
CURRENT ASSETS
Stocks 5 5,182 -
Debtors 6 17,204 13,402
Cash at bank and in hand 18,518 11,462
40,904 24,864
Creditors: Amounts Falling Due Within One Year 7 (34,155 ) (23,803 )
NET CURRENT ASSETS (LIABILITIES) 6,749 1,061
TOTAL ASSETS LESS CURRENT LIABILITIES 34,208 18,941
Creditors: Amounts Falling Due After More Than One Year 8 (30,277 ) (19,726 )
NET ASSETS/(LIABILITIES) 3,931 (785 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 3,929 (787 )
SHAREHOLDERS' FUNDS 3,931 (785)
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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.
On behalf of the board
Mr Glen Carlin
Director
16/09/2024
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
Carlin Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12396641 . The registered office is G4, The Mill House Mill Road, , Totton, Southampton, Hampshire, SO40 3AE.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
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 profit and loss account 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 profit and loss account 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 20,780 3,060 - 23,840
Additions 24,634 - 354 24,988
Disposals (8,000 ) - - (8,000 )
As at 31 January 2024 37,414 3,060 354 40,828
Depreciation
As at 1 February 2023 5,195 765 - 5,960
Provided during the period 8,555 765 89 9,409
Disposals (2,000 ) - - (2,000 )
As at 31 January 2024 11,750 1,530 89 13,369
Net Book Value
As at 31 January 2024 25,664 1,530 265 27,459
As at 1 February 2023 15,585 2,295 - 17,880
Motor vehicles includes assets held under hire purchase with a cost of £34,119 (2023:  £12,780) and a net book value of £23,193 (2022:  £9,585).
5. Stocks
2024 2023
£ £
Stock 5,182 -
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,204 11,898
Other taxes and social security - 1,504
17,204 13,402
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,008 2,929
Trade creditors 3,535 791
Bank loans and overdrafts 2,812 2,559
Other loans - 750
Corporation tax 9,128 5,239
Other taxes and social security 488 -
VAT 9,420 4,955
Other creditors - 295
Accruals and deferred income 1,325 1,250
Directors' loan accounts 1,439 5,035
34,155 23,803
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,248 7,886
Bank loans 9,029 11,840
30,277 19,726
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,008 2,929
Later than one year and not later than five years 21,248 7,886
27,256 10,815
27,256 10,815
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 27,000 38,350
Dividends were issued in the year of £13,500 (2023: £19,175) to both directors Glen Carlin and Natasha Carlin.
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