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 NI639645 Mr Gavin Bates iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI639645 2022-12-31 NI639645 2023-12-31 NI639645 2023-01-01 2023-12-31 NI639645 frs-core:CurrentFinancialInstruments 2023-12-31 NI639645 frs-core:Non-currentFinancialInstruments 2023-12-31 NI639645 frs-core:ComputerEquipment 2023-12-31 NI639645 frs-core:ComputerEquipment 2023-01-01 2023-12-31 NI639645 frs-core:ComputerEquipment 2022-12-31 NI639645 frs-core:FurnitureFittings 2023-12-31 NI639645 frs-core:FurnitureFittings 2023-01-01 2023-12-31 NI639645 frs-core:FurnitureFittings 2022-12-31 NI639645 frs-core:NetGoodwill 2023-12-31 NI639645 frs-core:NetGoodwill 2023-01-01 2023-12-31 NI639645 frs-core:NetGoodwill 2022-12-31 NI639645 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 NI639645 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI639645 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 NI639645 frs-core:MotorVehicles 2023-12-31 NI639645 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI639645 frs-core:MotorVehicles 2022-12-31 NI639645 frs-core:PlantMachinery 2023-12-31 NI639645 frs-core:PlantMachinery 2023-01-01 2023-12-31 NI639645 frs-core:PlantMachinery 2022-12-31 NI639645 frs-core:ShareCapital 2023-12-31 NI639645 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 NI639645 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI639645 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI639645 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI639645 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI639645 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI639645 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI639645 frs-bus:Director1 2023-01-01 2023-12-31 NI639645 frs-core:CurrentFinancialInstruments 1 2023-12-31 NI639645 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI639645 2021-12-31 NI639645 2022-12-31 NI639645 2022-01-01 2022-12-31 NI639645 frs-core:CurrentFinancialInstruments 2022-12-31 NI639645 frs-core:Non-currentFinancialInstruments 2022-12-31 NI639645 frs-core:ShareCapital 2021-12-31 NI639645 frs-core:ShareCapital 2022-12-31 NI639645 frs-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 NI639645 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-12-31 NI639645 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI639645 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: NI639645
Clodan Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
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: NI639645
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 219,050 235,900
Tangible Assets 5 147,143 182,854
366,193 418,754
CURRENT ASSETS
Stocks 6 22,971 26,866
Debtors 7 115,765 173,273
Cash at bank and in hand 298,562 155,947
437,298 356,086
Creditors: Amounts Falling Due Within One Year 8 (335,278 ) (319,338 )
NET CURRENT ASSETS (LIABILITIES) 102,020 36,748
TOTAL ASSETS LESS CURRENT LIABILITIES 468,213 455,502
Creditors: Amounts Falling Due After More Than One Year 9 (213,347 ) (266,403 )
NET ASSETS 254,866 189,099
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 254,865 189,098
SHAREHOLDERS' FUNDS 254,866 189,099
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 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
Mr Gavin Bates
Director
16/09/2024
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 1 147,093 147,094
Profit for the year and total comprehensive income - 42,005 42,005
As at 31 December 2022 and 1 January 2023 1 189,098 189,099
Profit for the year and total comprehensive income - 65,767 65,767
As at 31 December 2023 1 254,865 254,866
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Clodan Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI639645 . The registered office is 62 Church Road, Holywood, BT18 9BU.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 10% on a straight line basis
Plant & Machinery 25% on a straight line basis
Licence 5% on a straight line basis
Fixtures & Fittings 25% on a straight line basis
Motor Vehicles 25% on a straight line basis
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.
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.
...CONTINUED
Page 4
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2.6. Taxation - continued
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: 42 (2022: 43)
42 43
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 337,000
As at 31 December 2023 337,000
Amortisation
As at 1 January 2023 101,100
Provided during the period 16,850
As at 31 December 2023 117,950
Net Book Value
As at 31 December 2023 219,050
As at 1 January 2023 235,900
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Licence Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 317,119 1,923 80,000 47,517
Disposals - - - -
As at 31 December 2023 317,119 1,923 80,000 47,517
Depreciation
As at 1 January 2023 190,266 1,923 24,000 47,516
Provided during the period 31,711 - 4,000 -
Disposals - - - -
As at 31 December 2023 221,977 1,923 28,000 47,516
Net Book Value
As at 31 December 2023 95,142 - 52,000 1
As at 1 January 2023 126,853 - 56,000 1
Page 5
Page 6
Motor Vehicles Total
£ £
Cost
As at 1 January 2023 7,700 454,259
Disposals (7,700 ) (7,700 )
As at 31 December 2023 - 446,559
Depreciation
As at 1 January 2023 7,700 271,405
Provided during the period - 35,711
Disposals (7,700 ) (7,700 )
As at 31 December 2023 - 299,416
Net Book Value
As at 31 December 2023 - 147,143
As at 1 January 2023 - 182,854
6. Stocks
2023 2022
£ £
Bar and food stocks 22,971 26,866
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 5,765 13,273
Rivin Leisure Limited 110,000 160,000
115,765 173,273
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 112,716 103,924
Bank loans and overdrafts 74,124 74,124
Corporation tax 34,972 22,634
VAT 63,534 56,337
Other creditors 41,211 54,844
Director's loan account 41 -
Barel Ltd 8,540 7,007
First Trust Visa 140 468
335,278 319,338
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 213,347 266,403
Page 6
Page 7
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 7