Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10930052 Mr Aaron Roberts Mrs Kayleigh Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10930052 2023-08-31 10930052 2024-08-31 10930052 2023-09-01 2024-08-31 10930052 frs-core:CurrentFinancialInstruments 2024-08-31 10930052 frs-core:Non-currentFinancialInstruments 2024-08-31 10930052 frs-core:BetweenOneFiveYears 2024-08-31 10930052 frs-core:FurnitureFittings 2024-08-31 10930052 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10930052 frs-core:FurnitureFittings 2023-08-31 10930052 frs-core:MotorVehicles 2024-08-31 10930052 frs-core:MotorVehicles 2023-09-01 2024-08-31 10930052 frs-core:MotorVehicles 2023-08-31 10930052 frs-core:WithinOneYear 2024-08-31 10930052 frs-core:ShareCapital 2024-08-31 10930052 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10930052 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10930052 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10930052 frs-bus:SmallEntities 2023-09-01 2024-08-31 10930052 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10930052 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10930052 frs-bus:Director1 2023-09-01 2024-08-31 10930052 frs-bus:Director2 2023-09-01 2024-08-31 10930052 frs-countries:EnglandWales 2023-09-01 2024-08-31 10930052 2022-08-31 10930052 2023-08-31 10930052 2022-09-01 2023-08-31 10930052 frs-core:CurrentFinancialInstruments 2023-08-31 10930052 frs-core:Non-currentFinancialInstruments 2023-08-31 10930052 frs-core:BetweenOneFiveYears 2023-08-31 10930052 frs-core:WithinOneYear 2023-08-31 10930052 frs-core:ShareCapital 2023-08-31 10930052 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10930052
Candymail Group Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Accounting Equations Ltd
The Willows
Links Road
Gorleston
Norfolk
NR31 6JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10930052
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,114 126,123
99,114 126,123
CURRENT ASSETS
Stocks 5 52,342 45,675
Debtors 6 - 50,000
Cash at bank and in hand 263,912 232,688
316,254 328,363
Creditors: Amounts Falling Due Within One Year 7 (125,522 ) (162,990 )
NET CURRENT ASSETS (LIABILITIES) 190,732 165,373
TOTAL ASSETS LESS CURRENT LIABILITIES 289,846 291,496
Creditors: Amounts Falling Due After More Than One Year 8 (108,152 ) (115,352 )
NET ASSETS 181,694 176,144
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 181,494 175,944
SHAREHOLDERS' FUNDS 181,694 176,144
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For the year ending 31 August 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 Aaron Roberts
Director
19/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Candymail Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10930052 . The registered office is 21 Yallop Avenue, Gorleston, Great Yarmouth, NR31 6HD.
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 method
Fixtures & Fittings 25% reducing balance method
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 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: 17 (2023: 15)
17 15
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 119,942 33,234 153,176
Additions - 6,030 6,030
As at 31 August 2024 119,942 39,264 159,206
Depreciation
As at 1 September 2023 7,057 19,996 27,053
Provided during the period 28,222 4,817 33,039
As at 31 August 2024 35,279 24,813 60,092
Net Book Value
As at 31 August 2024 84,663 14,451 99,114
As at 1 September 2023 112,885 13,238 126,123
5. Stocks
2024 2023
£ £
Finished goods 52,342 45,675
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by associates - 50,000
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,736 18,625
Trade creditors 5,320 41,373
Corporation tax 56,853 24,495
Other taxes and social security 2,781 2,918
VAT 35,871 44,579
Net wages 14,027 16,260
Accruals and deferred income 934 14,740
125,522 162,990
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 88,231 85,363
Bank loans 19,921 29,989
108,152 115,352
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,736 18,625
Later than one year and not later than five years 88,231 85,363
97,967 103,988
97,967 103,988
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 138,000 69,000
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