Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03872580 Craig Broadbent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03872580 2023-06-30 03872580 2024-06-30 03872580 2023-07-01 2024-06-30 03872580 frs-core:CurrentFinancialInstruments 2024-06-30 03872580 frs-core:Non-currentFinancialInstruments 2024-06-30 03872580 frs-core:ComputerEquipment 2024-06-30 03872580 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03872580 frs-core:ComputerEquipment 2023-06-30 03872580 frs-core:FurnitureFittings 2024-06-30 03872580 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03872580 frs-core:FurnitureFittings 2023-06-30 03872580 frs-core:ShareCapital 2024-06-30 03872580 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03872580 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03872580 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03872580 frs-bus:SmallEntities 2023-07-01 2024-06-30 03872580 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03872580 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03872580 frs-bus:Director1 2023-07-01 2024-06-30 03872580 frs-countries:EnglandWales 2023-07-01 2024-06-30 03872580 2022-06-30 03872580 2023-06-30 03872580 2022-07-01 2023-06-30 03872580 frs-core:CurrentFinancialInstruments 2023-06-30 03872580 frs-core:Non-currentFinancialInstruments 2023-06-30 03872580 frs-core:ShareCapital 2023-06-30 03872580 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03872580
CRB Associates Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03872580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 415 232
415 232
CURRENT ASSETS
Debtors 5 17,282 21,079
Cash at bank and in hand 31,955 3,000
49,237 24,079
Creditors: Amounts Falling Due Within One Year 6 (38,445 ) (25,112 )
NET CURRENT ASSETS (LIABILITIES) 10,792 (1,033 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,207 (801 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,089 ) (14,620 )
NET ASSETS/(LIABILITIES) 8,118 (15,421 )
CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Profit and Loss Account 6,118 (17,421 )
SHAREHOLDERS' FUNDS 8,118 (15,421)
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Page 2
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 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
Craig Broadbent
Director
20 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CRB Associates Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03872580 . The registered office is The Priory, High Street, Redbourn, Hertfordshire, AL3 7LZ.
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. Going Concern Disclosure
The director has prepared the financial statements on the going concern basis.
The director has considered the improved trading conditions since the balance sheet date and has expressed a willingness to continue to finacially support the company in the near future, should the company require the director to do so. On this basis the director considers the preparation of the financial statements on a going concern basis to be most appropriate.
2.3. 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.
2.4. 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:
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 14,720 3,716 18,436
Additions - 580 580
As at 30 June 2024 14,720 4,296 19,016
Depreciation
As at 1 July 2023 14,720 3,484 18,204
Provided during the period - 397 397
As at 30 June 2024 14,720 3,881 18,601
Net Book Value
As at 30 June 2024 - 415 415
As at 1 July 2023 - 232 232
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,968 -
Prepayments and accrued income 3,314 2,713
Other debtors - 18,366
17,282 21,079
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 562 633
Bank loans and overdrafts - 10,857
Other loans 11,531 10,315
Other taxes and social security 6,742 3,307
Accruals and deferred income 19,610 -
38,445 25,112
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 3,089 14,620
8. Directors Advances, Credits and Guarantees
Included in other debtors is £nil owed from a director (2023: £17,866). During the year, the company advanced £15,994 to the director and the director repaid £33,860 to the company.
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