Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 07750652 Mr Adam Baylis Mr Nicholas Baylis Mr Christopher Baylis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07750652 2022-09-30 07750652 2023-09-30 07750652 2022-10-01 2023-09-30 07750652 frs-core:CurrentFinancialInstruments 2023-09-30 07750652 frs-core:Non-currentFinancialInstruments 2023-09-30 07750652 frs-core:ComputerEquipment 2023-09-30 07750652 frs-core:ComputerEquipment 2022-10-01 2023-09-30 07750652 frs-core:ComputerEquipment 2022-09-30 07750652 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-09-30 07750652 frs-core:FurnitureFittings 2023-09-30 07750652 frs-core:FurnitureFittings 2022-10-01 2023-09-30 07750652 frs-core:FurnitureFittings 2022-09-30 07750652 frs-core:NetGoodwill 2023-09-30 07750652 frs-core:NetGoodwill 2022-10-01 2023-09-30 07750652 frs-core:NetGoodwill 2022-09-30 07750652 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 07750652 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 07750652 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-30 07750652 frs-core:MotorVehicles 2023-09-30 07750652 frs-core:MotorVehicles 2022-10-01 2023-09-30 07750652 frs-core:MotorVehicles 2022-09-30 07750652 frs-core:OtherResidualIntangibleAssets 2023-09-30 07750652 frs-core:OtherResidualIntangibleAssets 2022-10-01 2023-09-30 07750652 frs-core:OtherResidualIntangibleAssets 2022-09-30 07750652 frs-core:PlantMachinery 2023-09-30 07750652 frs-core:PlantMachinery 2022-10-01 2023-09-30 07750652 frs-core:PlantMachinery 2022-09-30 07750652 frs-core:ShareCapital 2023-09-30 07750652 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07750652 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07750652 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 07750652 frs-bus:SmallEntities 2022-10-01 2023-09-30 07750652 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07750652 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07750652 frs-core:UnlistedNon-exchangeTraded 2023-09-30 07750652 frs-core:UnlistedNon-exchangeTraded 2022-09-30 07750652 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-09-30 07750652 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 07750652 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 07750652 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-09-30 07750652 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 07750652 frs-bus:Director1 2022-10-01 2023-09-30 07750652 frs-bus:Director2 2022-10-01 2023-09-30 07750652 frs-bus:Director3 2022-10-01 2023-09-30 07750652 frs-countries:EnglandWales 2022-10-01 2023-09-30 07750652 2021-09-30 07750652 2022-09-30 07750652 2021-10-01 2022-09-30 07750652 frs-core:CurrentFinancialInstruments 2022-09-30 07750652 frs-core:Non-currentFinancialInstruments 2022-09-30 07750652 frs-core:WithinOneYear 2022-09-30 07750652 frs-core:ShareCapital 2022-09-30 07750652 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 07750652
Castrads Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07750652
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,330 17,773
Tangible Assets 5 959,886 665,989
Investments 6 37,500 44,500
1,010,716 728,262
CURRENT ASSETS
Stocks 7 1,513,526 1,373,134
Debtors 8 1,244,179 833,799
Cash at bank and in hand 610,060 818,748
3,367,765 3,025,681
Creditors: Amounts Falling Due Within One Year 9 (1,576,400 ) (1,531,601 )
NET CURRENT ASSETS (LIABILITIES) 1,791,365 1,494,080
TOTAL ASSETS LESS CURRENT LIABILITIES 2,802,081 2,222,342
Creditors: Amounts Falling Due After More Than One Year 10 (514,238 ) (136,480 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (161,195 ) (112,655 )
NET ASSETS 2,126,648 1,973,207
CAPITAL AND RESERVES
Called up share capital 12 1,100 1,100
Profit and Loss Account 2,125,548 1,972,107
SHAREHOLDERS' FUNDS 2,126,648 1,973,207
Page 1
Page 2
For the year ending 30 September 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 Nicholas Baylis
Director
16 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Castrads Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07750652 . The registered office is 1 Kenwood Road, North Reddish, Stockport, Cheshire, SK5 6PH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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 10% Straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33% Straight line
2.6. 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.
2.7. 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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2.8. 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.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 57 (2022: 60)
57 60
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 October 2022 900,000 22,216 922,216
As at 30 September 2023 900,000 22,216 922,216
Amortisation
As at 1 October 2022 900,000 4,443 904,443
Provided during the period - 4,443 4,443
As at 30 September 2023 900,000 8,886 908,886
Net Book Value
As at 30 September 2023 - 13,330 13,330
As at 1 October 2022 - 17,773 17,773
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Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2022 184,669 1,158,280 165,313 278,971
Additions 62,047 381,676 - 72,088
As at 30 September 2023 246,716 1,539,956 165,313 351,059
Depreciation
As at 1 October 2022 122,143 744,047 120,202 156,241
Provided during the period 21,726 156,371 11,278 30,997
As at 30 September 2023 143,869 900,418 131,480 187,238
Net Book Value
As at 30 September 2023 102,847 639,538 33,833 163,821
As at 1 October 2022 62,526 414,233 45,111 122,730
Computer Equipment Total
£ £
Cost
As at 1 October 2022 103,282 1,890,515
Additions 10,554 526,365
As at 30 September 2023 113,836 2,416,880
Depreciation
As at 1 October 2022 81,893 1,224,526
Provided during the period 12,096 232,468
As at 30 September 2023 93,989 1,456,994
Net Book Value
As at 30 September 2023 19,847 959,886
As at 1 October 2022 21,389 665,989
6. Investments
Unlisted
£
Cost
As at 1 October 2022 44,500
Disposals (7,000 )
As at 30 September 2023 37,500
Provision
As at 1 October 2022 -
As at 30 September 2023 -
...CONTINUED
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Net Book Value
As at 30 September 2023 37,500
As at 1 October 2022 44,500
7. Stocks
2023 2022
£ £
Finished goods 1,513,526 1,373,134
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 616,544 394,428
Amounts owed by group undertakings 166,895 166,895
Amounts owed by participating interests 217,751 176,892
Other debtors 242,989 95,584
1,244,179 833,799
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 4,455
Trade creditors 325,950 207,608
Bank loans and overdrafts 54,545 54,545
Other loans 81,020 -
Other creditors 848,199 896,899
Taxation and social security 266,686 368,094
1,576,400 1,531,601
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 85,455 136,480
Other loans 428,783 -
514,238 136,480
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,455
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,100 1,100
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