Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10617977 Mr S G Baseden Mr S Wigley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10617977 2022-12-31 10617977 2023-12-31 10617977 2023-01-01 2023-12-31 10617977 frs-core:CurrentFinancialInstruments 2023-12-31 10617977 frs-core:Non-currentFinancialInstruments 2023-12-31 10617977 frs-core:BetweenOneFiveYears 2023-12-31 10617977 frs-core:ComputerEquipment 2023-12-31 10617977 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10617977 frs-core:ComputerEquipment 2022-12-31 10617977 frs-core:FurnitureFittings 2023-12-31 10617977 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10617977 frs-core:FurnitureFittings 2022-12-31 10617977 frs-core:MotorVehicles 2023-12-31 10617977 frs-core:MotorVehicles 2023-01-01 2023-12-31 10617977 frs-core:MotorVehicles 2022-12-31 10617977 frs-core:PlantMachinery 2023-12-31 10617977 frs-core:PlantMachinery 2023-01-01 2023-12-31 10617977 frs-core:PlantMachinery 2022-12-31 10617977 frs-core:WithinOneYear 2023-12-31 10617977 frs-core:CapitalRedemptionReserve 2023-12-31 10617977 frs-core:ShareCapital 2023-12-31 10617977 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10617977 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10617977 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10617977 frs-bus:SmallEntities 2023-01-01 2023-12-31 10617977 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10617977 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10617977 frs-bus:Director1 2023-01-01 2023-12-31 10617977 frs-bus:Director2 2023-01-01 2023-12-31 10617977 frs-countries:EnglandWales 2023-01-01 2023-12-31 10617977 2021-12-31 10617977 2022-12-31 10617977 2022-01-01 2022-12-31 10617977 frs-core:CurrentFinancialInstruments 2022-12-31 10617977 frs-core:Non-currentFinancialInstruments 2022-12-31 10617977 frs-core:BetweenOneFiveYears 2022-12-31 10617977 frs-core:ComputerEquipment 2022-01-01 2022-12-31 10617977 frs-core:MotorVehicles 2022-01-01 2022-12-31 10617977 frs-core:WithinOneYear 2022-12-31 10617977 frs-core:CapitalRedemptionReserve 2022-12-31 10617977 frs-core:ShareCapital 2022-12-31 10617977 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10617977
AAC Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Southern Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10617977
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,611 81,309
88,611 81,309
CURRENT ASSETS
Stocks 5 10,000 57,298
Debtors 6 179,178 301,347
Investments 7 82 82
Cash at bank and in hand 125,818 149,332
315,078 508,059
Creditors: Amounts Falling Due Within One Year 8 (208,960 ) (361,809 )
NET CURRENT ASSETS (LIABILITIES) 106,118 146,250
TOTAL ASSETS LESS CURRENT LIABILITIES 194,729 227,559
Creditors: Amounts Falling Due After More Than One Year 9 (59,316 ) (72,305 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,624 ) (13,624 )
NET ASSETS 121,789 141,630
CAPITAL AND RESERVES
Called up share capital 11 8 8
Capital redemption reserve 2 2
Profit and Loss Account 121,779 141,620
SHAREHOLDERS' FUNDS 121,789 141,630
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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 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 S G Baseden
Director
23/09/2024
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
AAC Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10617977 . The registered office is 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX.
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:
Plant & Machinery Reducing balance over 5 years
Motor Vehicles 25% reducing balance
Fixtures & Fittings Reducing balance over 7 years
Computer Equipment Reducing balance over 3 years
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2022: 18)
16 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 23,210 97,235 20 32,746 153,211
Additions 3,347 27,904 - 1,407 32,658
As at 31 December 2023 26,557 125,139 20 34,153 185,869
Depreciation
As at 1 January 2023 6,973 45,920 16 18,993 71,902
Provided during the period 3,497 17,002 1 4,860 25,360
Other (1 ) (2 ) - (1 ) (4 )
As at 31 December 2023 10,469 62,920 17 23,852 97,258
Net Book Value
As at 31 December 2023 16,088 62,219 3 10,301 88,611
As at 1 January 2023 16,237 51,315 4 13,753 81,309
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 26,805 17,354
Computer Equipment 5,470 8,205
32,275 25,559
5. Stocks
2023 2022
£ £
Work in progress 10,000 57,298
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 150,225 267,378
Amounts owed by group undertakings 878 878
Other debtors 28,075 33,091
179,178 301,347
7. Current Asset Investments
2023 2022
£ £
Shares in subsidiaries 82 82
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,253 13,002
Trade creditors 82,399 189,330
Bank loans and overdrafts 18,751 18,751
Amounts owed to group undertakings 1,610 1,610
Amounts owed to participating interests 718 7,143
Other creditors 27,927 26,750
Taxation and social security 66,302 105,223
208,960 361,809
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 16,119 13,052
Bank loans 43,197 59,253
59,316 72,305
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10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,253 13,002
Later than one year and not later than five years 16,119 13,052
27,372 26,054
27,372 26,054
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 8 8
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