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 05994119 Mr Jamie Briggs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05994119 2022-12-31 05994119 2023-12-31 05994119 2023-01-01 2023-12-31 05994119 frs-core:CurrentFinancialInstruments 2023-12-31 05994119 frs-core:Non-currentFinancialInstruments 2023-12-31 05994119 frs-core:ComputerEquipment 2023-12-31 05994119 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05994119 frs-core:ComputerEquipment 2022-12-31 05994119 frs-core:PlantMachinery 2023-12-31 05994119 frs-core:PlantMachinery 2023-01-01 2023-12-31 05994119 frs-core:PlantMachinery 2022-12-31 05994119 frs-core:ShareCapital 2023-12-31 05994119 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05994119 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05994119 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05994119 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05994119 frs-bus:SmallEntities 2023-01-01 2023-12-31 05994119 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05994119 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05994119 frs-bus:Director1 2023-01-01 2023-12-31 05994119 frs-countries:EnglandWales 2023-01-01 2023-12-31 05994119 2021-12-31 05994119 2022-12-31 05994119 2022-01-01 2022-12-31 05994119 frs-core:CurrentFinancialInstruments 2022-12-31 05994119 frs-core:Non-currentFinancialInstruments 2022-12-31 05994119 frs-core:ShareCapital 2021-12-31 05994119 frs-core:ShareCapital 2022-12-31 05994119 frs-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 05994119 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-12-31 05994119 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05994119
Conservation Resources (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
mca business ltd
4 - 6 The Wharf Centre
Wharf Street
Warwick
Warwickshire
CV34 5LB
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 05994119
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,036 42,029
48,036 42,029
CURRENT ASSETS
Stocks 5 139,226 98,418
Debtors 6 30,971 17,457
Cash at bank and in hand 1,058 366
171,255 116,241
Creditors: Amounts Falling Due Within One Year 7 (238,578 ) (101,120 )
NET CURRENT ASSETS (LIABILITIES) (67,323 ) 15,121
TOTAL ASSETS LESS CURRENT LIABILITIES (19,287 ) 57,150
Creditors: Amounts Falling Due After More Than One Year 8 (19,333 ) (30,105 )
NET (LIABILITIES)/ASSETS (38,620 ) 27,045
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (38,720 ) 26,945
SHAREHOLDERS' FUNDS (38,620) 27,045
Page 1
Page 2
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 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
Mr Jamie Briggs
Director
22/03/2024
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2022 100 (15,457 ) (15,357)
Profit for the year and total comprehensive income - 42,402 42,402
As at 31 December 2022 and 1 January 2023 100 26,945 27,045
Loss for the year and total comprehensive income - (65,665 ) (65,665)
As at 31 December 2023 100 (38,720 ) (38,620)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Conservation Resources (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05994119 . The registered office is Building 345 Heyford Park, Upper Heyford, Bicester, Oxfordshire, OX25 5HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Summary of significant accounting policies and key accounting estimates 
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 
Statement of compliance 
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.
Basis of preparation 
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. 
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest£. 
Judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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 10% straight line basis
Computer Equipment 20% straight line basis
2.4. 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
...CONTINUED
Page 4
Page 5
2.4. Stocks and Work in Progress - continued
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Basic Financial Assets
Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Other Financial Assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Impairment of Financial Assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
...CONTINUED
Page 5
Page 6
2.4. Stocks and Work in Progress - continued
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of Financial Assets
Financial asserts are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Other Financial Liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Derecognition of Financial Liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets are classified into specified categories. The classification depends on the nature and purpose of the financial assets and is determined at the time of recognition.
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 is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 62,715 3,828 66,543
Additions 12,867 398 13,265
As at 31 December 2023 75,582 4,226 79,808
Depreciation
As at 1 January 2023 22,511 2,003 24,514
Provided during the period 6,482 776 7,258
As at 31 December 2023 28,993 2,779 31,772
Net Book Value
As at 31 December 2023 46,589 1,447 48,036
As at 1 January 2023 40,204 1,825 42,029
Page 6
Page 7
5. Stocks
2023 2022
£ £
Finished goods 139,226 98,418
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 20,373 10,246
Prepayments and accrued income 4,598 7,211
Amounts owed by group undertakings 6,000 -
30,971 17,457
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 200,530 34,719
Bank loans and overdrafts 25,412 28,821
Other taxes and social security 5,120 3,248
VAT 5,641 32,832
Accruals and deferred income 1,875 1,500
238,578 101,120
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,333 30,105
19,333 30,105
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 7