Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05212493 Mr Antonio Vardaro iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05212493 2022-12-31 05212493 2023-12-31 05212493 2023-01-01 2023-12-31 05212493 frs-core:CurrentFinancialInstruments 2023-12-31 05212493 frs-core:Non-currentFinancialInstruments 2023-12-31 05212493 frs-core:BetweenOneFiveYears 2023-12-31 05212493 frs-core:FurnitureFittings 2023-12-31 05212493 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05212493 frs-core:FurnitureFittings 2022-12-31 05212493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05212493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05212493 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 05212493 frs-core:MotorVehicles 2023-12-31 05212493 frs-core:MotorVehicles 2023-01-01 2023-12-31 05212493 frs-core:MotorVehicles 2022-12-31 05212493 frs-core:PlantMachinery 2023-12-31 05212493 frs-core:PlantMachinery 2023-01-01 2023-12-31 05212493 frs-core:PlantMachinery 2022-12-31 05212493 frs-core:ShareCapital 2023-12-31 05212493 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05212493 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05212493 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05212493 frs-bus:SmallEntities 2023-01-01 2023-12-31 05212493 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05212493 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05212493 frs-bus:Director1 2023-01-01 2023-12-31 05212493 frs-core:CurrentFinancialInstruments 2 2023-12-31 05212493 frs-countries:EnglandWales 2023-01-01 2023-12-31 05212493 2021-12-31 05212493 2022-12-31 05212493 2022-01-01 2022-12-31 05212493 frs-core:CurrentFinancialInstruments 2022-12-31 05212493 frs-core:Non-currentFinancialInstruments 2022-12-31 05212493 frs-core:BetweenOneFiveYears 2022-12-31 05212493 frs-core:ShareCapital 2022-12-31 05212493 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05212493 frs-core:CurrentFinancialInstruments 1 2022-12-31 05212493 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 05212493
A & C Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05212493
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 472,887 464,591
472,887 464,591
CURRENT ASSETS
Stocks 5 35 35
Debtors 6 500 -
Cash at bank and in hand 19,268 49,180
19,803 49,215
Creditors: Amounts Falling Due Within One Year 7 (55,011 ) (62,517 )
NET CURRENT ASSETS (LIABILITIES) (35,208 ) (13,302 )
TOTAL ASSETS LESS CURRENT LIABILITIES 437,679 451,289
Creditors: Amounts Falling Due After More Than One Year 8 (437,580 ) (437,810 )
NET ASSETS 99 13,479
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (1 ) 13,379
SHAREHOLDERS' FUNDS 99 13,479
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 Antonio Vardaro
Director
25/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A & C Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05212493 . The registered office is Stuart House-East Wing, St. Johns Street, Peterborough, PE1 5DD.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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:
Leasehold No depreciation
Plant & Machinery No depreciation
Motor Vehicles No depreciation
Fixtures & Fittings No depreciation
2.5. 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.
2.6. 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.
Page 3
Page 4
2.7.
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 Debtors
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 461,651 1,220 13,500 300 476,671
Additions - - - 10,763 10,763
As at 31 December 2023 461,651 1,220 13,500 11,063 487,434
Depreciation
As at 1 January 2023 - 1,072 10,874 134 12,080
Provided during the period - 27 473 1,967 2,467
As at 31 December 2023 - 1,099 11,347 2,101 14,547
Net Book Value
As at 31 December 2023 461,651 121 2,153 8,962 472,887
As at 1 January 2023 461,651 148 2,626 166 464,591
5. Stocks
2023 2022
£ £
Stock 35 35
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 500 -
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,999 84
Corporation tax - (1,090 )
Other taxes and social security 108 -
Accountant creditor 1,654 1,300
Credit Cards - 1,345
Rental Deposit Held 575 575
Director's loan account 48,675 58,303
Unpaid Dividends - 2,000
55,011 62,517
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 107,605 107,806
Mortgage - White Cross 111,906 111,907
Other loans 218,069 218,097
437,580 437,810
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 107,605 107,806
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5