Acorah Software Products - Accounts Production 15.0.600 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12285737 Mr Nicholas Maskrey Mrs Sarah Williams-Maskrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12285737 2022-10-31 12285737 2023-10-31 12285737 2022-11-01 2023-10-31 12285737 frs-core:Non-currentFinancialInstruments 2023-10-31 12285737 frs-core:ComputerEquipment 2022-11-01 2023-10-31 12285737 frs-core:PlantMachinery 2022-11-01 2023-10-31 12285737 frs-core:ShareCapital 2023-10-31 12285737 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12285737 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12285737 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 12285737 frs-bus:SmallEntities 2022-11-01 2023-10-31 12285737 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12285737 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12285737 frs-bus:Director1 2022-11-01 2023-10-31 12285737 frs-bus:Director2 2022-11-01 2023-10-31 12285737 frs-countries:EnglandWales 2022-11-01 2023-10-31 12285737 2021-10-31 12285737 2022-10-31 12285737 2021-11-01 2022-10-31 12285737 frs-core:Non-currentFinancialInstruments 2022-10-31 12285737 frs-core:ShareCapital 2022-10-31 12285737 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12285737
Cringle Rd Developments Ltd
ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Bailey Oster
Chartered Accountants
Mellor House
St Petersgate
Stockport
SK1 1DS
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12285737
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,798 10,510
7,798 10,510
CURRENT ASSETS
Stocks 5,704,690 3,007,286
Debtors 44,220 193,037
Cash at bank and in hand 585,052 10,931
6,333,962 3,211,254
Creditors: Amounts Falling Due Within One Year (4,279,915 ) (3,550,767 )
NET CURRENT ASSETS (LIABILITIES) 2,054,047 (339,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,061,845 (329,003 )
Creditors: Amounts Falling Due After More Than One Year (3,868,978 ) -
NET LIABILITIES (1,807,133 ) (329,003 )
CAPITAL AND RESERVES
Called up share capital 5 10 10
Profit and Loss Account (1,807,143 ) (329,013 )
SHAREHOLDERS' FUNDS (1,807,133) (329,003)
Page 1
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For the year ending 31 October 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Nicholas Maskrey
Director
30 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Cringle Rd Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12285737 . The registered office is Mellor House, St Petersgate, Stockport, SK1 1DS.
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
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to provide financial support to the company for twelve months from the date of filing these financial statements.
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 25% reducing balance
Computer Equipment 33% reducing balance
2.4. 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.
2.5. Taxation
The 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.
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 (2022: 2)
2 2
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4. Tangible Assets
Total
£
Cost
As at 1 November 2022 14,183
As at 31 October 2023 14,183
Depreciation
As at 1 November 2022 3,673
Provided during the period 2,712
As at 31 October 2023 6,385
Net Book Value
As at 31 October 2023 7,798
As at 1 November 2022 10,510
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
6. Related Party Transactions
Included in purchases is £1,334,757 (2022 - £4,729) from Towerhouse Systems Limited, a company owned and controlled by Mr Nicholas Maskrey. At the balance sheet date £845,000 remained outstanding in respect of this.
Included in management fees is £232,769 (2022 - £NIL) from Towerhouse Systems Limited, a company owned and controlled by Mr Nicholas Maskrey. At the balance sheet date £138,500 remained outstanding in respect of this.
Included in contribution to overheads is £51,455 (2022 - £NIL) from Towerhouse Systems Limited, a company owned and controlled by Mr Nicholas Maskrey. At the balance sheet date the full amount remained outstanding.
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