Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 01411396 Mr Jack Cousland Mr Robert Cousland Mr Robert Cousland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01411396 2023-06-30 01411396 2024-06-30 01411396 2023-07-01 2024-06-30 01411396 frs-core:CurrentFinancialInstruments 2024-06-30 01411396 frs-core:Non-currentFinancialInstruments 2024-06-30 01411396 frs-core:BetweenOneFiveYears 2024-06-30 01411396 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 01411396 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01411396 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 01411396 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 01411396 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01411396 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 01411396 frs-core:MotorVehicles 2024-06-30 01411396 frs-core:MotorVehicles 2023-07-01 2024-06-30 01411396 frs-core:MotorVehicles 2023-06-30 01411396 frs-core:PlantMachinery 2024-06-30 01411396 frs-core:PlantMachinery 2023-07-01 2024-06-30 01411396 frs-core:PlantMachinery 2023-06-30 01411396 frs-core:WithinOneYear 2024-06-30 01411396 frs-core:CapitalRedemptionReserve 2024-06-30 01411396 frs-core:ShareCapital 2024-06-30 01411396 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 01411396 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01411396 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 01411396 frs-bus:SmallEntities 2023-07-01 2024-06-30 01411396 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01411396 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01411396 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 01411396 frs-bus:OrdinaryShareClass2 2024-06-30 01411396 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 01411396 frs-bus:OrdinaryShareClass3 2024-06-30 01411396 frs-core:ListedExchangeTraded 2024-06-30 01411396 frs-core:ListedExchangeTraded 2023-06-30 01411396 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-06-30 01411396 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 01411396 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-06-30 01411396 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 01411396 frs-bus:Director1 2023-07-01 2024-06-30 01411396 frs-bus:Director1 2023-06-30 01411396 frs-bus:Director1 2024-06-30 01411396 frs-bus:Director2 2023-07-01 2024-06-30 01411396 frs-bus:Director2 2023-06-30 01411396 frs-bus:Director2 2024-06-30 01411396 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 01411396 frs-core:CurrentFinancialInstruments 1 2024-06-30 01411396 frs-countries:EnglandWales 2023-07-01 2024-06-30 01411396 2022-06-30 01411396 2023-06-30 01411396 2022-07-01 2023-06-30 01411396 frs-core:CurrentFinancialInstruments 2023-06-30 01411396 frs-core:Non-currentFinancialInstruments 2023-06-30 01411396 frs-core:BetweenOneFiveYears 2023-06-30 01411396 frs-core:WithinOneYear 2023-06-30 01411396 frs-core:CapitalRedemptionReserve 2023-06-30 01411396 frs-core:ShareCapital 2023-06-30 01411396 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 01411396 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 01411396 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30 01411396 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 01411396
C.C. Cousland & Son Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Akkounted Limited
47 Fergusson Road
Dunfermline
Fife
KY11 8NA
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 01411396
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 679,592 578,980
Investments 5 147 147
679,739 579,127
CURRENT ASSETS
Stocks 6 141,192 164,183
Debtors 7 10,260 13,748
Cash at bank and in hand 587,883 596,286
739,335 774,217
Creditors: Amounts Falling Due Within One Year 8 (150,071 ) (120,044 )
NET CURRENT ASSETS (LIABILITIES) 589,264 654,173
TOTAL ASSETS LESS CURRENT LIABILITIES 1,269,003 1,233,300
Creditors: Amounts Falling Due After More Than One Year 9 (43,000 ) (12,951 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (64,760 ) (45,270 )
NET ASSETS 1,161,243 1,175,079
CAPITAL AND RESERVES
Called up share capital 11 102,428 102,428
Capital redemption reserve 20 20
Income Statement 1,058,795 1,072,631
SHAREHOLDERS' FUNDS 1,161,243 1,175,079
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For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr Robert Cousland
Director
30/08/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C.C. Cousland & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01411396 . The registered office is Millfield Farm Scredington, Sleaford, Lincilnshire, NG34 0BW.
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 represents revenue earned from the sale of goodsand is reduced for estimated customer returns, rebates and other similar allowances.
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.
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:
Freehold 4% straight line p.a.
Leasehold 0% straight line p.a.
Plant & Machinery 15% reducing balance p.a.
Motor Vehicles 25% reducing balance p.a.
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 July 2023 314,011 163,303 424,638 472,024 1,373,976
Additions - - - 190,000 190,000
Disposals - - - (117,923 ) (117,923 )
As at 30 June 2024 314,011 163,303 424,638 544,101 1,446,053
Depreciation
As at 1 July 2023 - 136,598 360,725 297,673 794,996
Provided during the period - 1,965 10,329 74,642 86,936
Disposals - - - (115,471 ) (115,471 )
As at 30 June 2024 - 138,563 371,054 256,844 766,461
...CONTINUED
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Net Book Value
As at 30 June 2024 314,011 24,740 53,584 287,257 679,592
As at 1 July 2023 314,011 26,705 63,913 174,351 578,980
Freehold parcels of farmland in Scredington extending to approximately 29 acres have been pledged to Lloyds Bank plc to secure borrowings of the company.
5. Investments
Listed
£
Cost
As at 1 July 2023 147
As at 30 June 2024 147
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 147
As at 1 July 2023 147
6. Stocks
2024 2023
£ £
Stock 141,192 164,183
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,563 10,008
VAT recoverable 697 3,740
10,260 13,748
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,951 10,951
Trade creditors 21,012 6,207
Corporation tax 1,113 29,485
Accruals and deferred income 4,811 5,217
Directors' loan accounts 68,184 68,184
150,071 120,044
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 43,000 12,951
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 54,951 10,951
Later than one year and not later than five years 43,000 12,951
97,951 23,902
97,951 23,902
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
102,348 Ordinary A shares of £ 1.000 each 102,348 102,348
80 Ordinary B shares of £ 1.000 each 80 80
102,428 102,428
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 16,067 16,067
16,067 16,067
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13. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Jack Cousland 33,463 - - - 33,463
Mr Robert Cousland 34,721 - - - 34,721
The balances due to the directors, which are included in other creditors, are interest free and repayable on demand.
14. Related Party Transactions
The company rented the farm property from Mr R L Cousland, Mr R C Cousland and Mr J L Cousland. Aggregate payments made during the year amounted to £16,067 (2023 - £16,067).
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