Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 31 March 2023 31 March 2023 SC673609 C Cooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC673609 2022-09-30 SC673609 2023-03-31 SC673609 2022-10-01 2023-03-31 SC673609 frs-core:CurrentFinancialInstruments 2023-03-31 SC673609 frs-core:Non-currentFinancialInstruments 2023-03-31 SC673609 frs-core:ComputerEquipment 2023-03-31 SC673609 frs-core:ComputerEquipment 2022-10-01 2023-03-31 SC673609 frs-core:ComputerEquipment 2022-09-30 SC673609 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-03-31 SC673609 frs-core:FurnitureFittings 2023-03-31 SC673609 frs-core:FurnitureFittings 2022-10-01 2023-03-31 SC673609 frs-core:FurnitureFittings 2022-09-30 SC673609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC673609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 SC673609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-30 SC673609 frs-core:MotorVehicles 2023-03-31 SC673609 frs-core:MotorVehicles 2022-10-01 2023-03-31 SC673609 frs-core:MotorVehicles 2022-09-30 SC673609 frs-core:OtherResidualIntangibleAssets 2023-03-31 SC673609 frs-core:OtherResidualIntangibleAssets 2022-10-01 2023-03-31 SC673609 frs-core:OtherResidualIntangibleAssets 2022-09-30 SC673609 frs-core:PlantMachinery 2022-10-01 2023-03-31 SC673609 frs-core:WithinOneYear 2023-03-31 SC673609 frs-core:ShareCapital 2023-03-31 SC673609 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC673609 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 SC673609 frs-bus:FilletedAccounts 2022-10-01 2023-03-31 SC673609 frs-bus:SmallEntities 2022-10-01 2023-03-31 SC673609 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-03-31 SC673609 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-03-31 SC673609 frs-bus:Director1 2022-10-01 2023-03-31 SC673609 frs-countries:Scotland 2022-10-01 2023-03-31 SC673609 2021-09-30 SC673609 2022-09-30 SC673609 2021-10-01 2022-09-30 SC673609 frs-core:CurrentFinancialInstruments 2022-09-30 SC673609 frs-core:Non-currentFinancialInstruments 2022-09-30 SC673609 frs-core:WithinOneYear 2022-09-30 SC673609 frs-core:ShareCapital 2022-09-30 SC673609 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: SC673609
CRC Advisory Ltd
Unaudited Financial Statements
For the Period 1 October 2022 to 31 March 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC673609
31 March 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,315 2,778
Tangible Assets 5 206,456 203,966
208,771 206,744
CURRENT ASSETS
Debtors 6 62,018 33,637
Cash at bank and in hand 54,420 29,247
116,438 62,884
Creditors: Amounts Falling Due Within One Year 7 (59,981 ) (33,677 )
NET CURRENT ASSETS (LIABILITIES) 56,457 29,207
TOTAL ASSETS LESS CURRENT LIABILITIES 265,228 235,951
Creditors: Amounts Falling Due After More Than One Year 8 (215,370 ) (231,868 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,760 ) (3,479 )
NET ASSETS 46,098 604
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 45,998 504
SHAREHOLDERS' FUNDS 46,098 604
Page 1
Page 2
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
C Cooper
Director
31/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
CRC Advisory Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC673609 . The registered office is The Old Library, 8 Laing Street, Kirkwall, Orkney, KW15 1NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
This is the first trading period of the company. Accordingly these financial statements cover the period from the date of incorporation to the balance sheet date. 
The current period is for the 6 months to 31 March 2023. The comparative period is for the 12 months to 30 September 2022. Accordingly the financial results of the two periods are not entirely comparable.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of value added taxes. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over their estimated economic life of 5 years.
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 Assets under construction are not depreciated
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there as an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Derecognition of fnancial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
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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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
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 period was: 5 (2022: 4)
5 4
4. Intangible Assets
Other
£
Cost
As at 1 October 2022 4,630
As at 31 March 2023 4,630
Amortisation
As at 1 October 2022 1,852
Provided during the period 463
As at 31 March 2023 2,315
Net Book Value
As at 31 March 2023 2,315
As at 1 October 2022 2,778
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5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2022 180,806 18,000 5,332 14,315 218,453
Additions 4,240 - - 1,645 5,885
As at 31 March 2023 185,046 18,000 5,332 15,960 224,338
Depreciation
As at 1 October 2022 - 7,875 2,060 4,552 14,487
Provided during the period - 1,266 533 1,596 3,395
As at 31 March 2023 - 9,141 2,593 6,148 17,882
Net Book Value
As at 31 March 2023 185,046 8,859 2,739 9,812 206,456
As at 1 October 2022 180,806 10,125 3,272 9,763 203,966
6. Debtors
31 March 2023 30 September 2022
£ £
Due within one year
Trade debtors 48,595 9,099
Other debtors 13,423 24,538
62,018 33,637
7. Creditors: Amounts Falling Due Within One Year
31 March 2023 30 September 2022
£ £
Net obligations under finance lease and hire purchase contracts - 63
Trade creditors 7,398 1,923
Other creditors 12,503 8,303
Taxation and social security 40,080 23,388
59,981 33,677
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2023 30 September 2022
£ £
Other creditors 215,370 231,868
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9. Obligations Under Finance Leases and Hire Purchase
31 March 2023 30 September 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 63
10. Share Capital
31 March 2023 30 September 2022
£ £
Allotted, Called up and fully paid 100 100
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