Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01235472 Mr C Mason Ms J Mason Mrs K Knight Mrs S Mason Ms A Oxley Mrs F Millwater Mason iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01235472 2023-03-31 01235472 2024-03-31 01235472 2023-04-01 2024-03-31 01235472 frs-core:Non-currentFinancialInstruments 2024-03-31 01235472 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01235472 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 01235472 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01235472 frs-core:MotorVehicles 2023-04-01 2024-03-31 01235472 frs-core:PlantMachinery 2023-04-01 2024-03-31 01235472 frs-core:ShareCapital 2024-03-31 01235472 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01235472 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01235472 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 01235472 frs-bus:SmallEntities 2023-04-01 2024-03-31 01235472 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01235472 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01235472 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01235472 frs-core:CostValuation 2023-03-31 01235472 frs-core:DisposalsRepaymentsInvestments 2024-03-31 01235472 frs-core:CostValuation 2024-03-31 01235472 frs-bus:Director1 2023-04-01 2024-03-31 01235472 frs-bus:Director2 2023-04-01 2024-03-31 01235472 frs-bus:Director3 2023-04-01 2024-03-31 01235472 frs-bus:Director4 2023-04-01 2024-03-31 01235472 frs-bus:Director5 2023-04-01 2024-03-31 01235472 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01235472 frs-countries:EnglandWales 2023-04-01 2024-03-31 01235472 2022-03-31 01235472 2023-03-31 01235472 2022-04-01 2023-03-31 01235472 frs-core:Non-currentFinancialInstruments 2023-03-31 01235472 frs-core:ShareCapital 2023-03-31 01235472 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01235472 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 01235472
Cluny Lace Company Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 01235472
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,331 88,739
Investments 5 - 15,000
79,331 103,739
CURRENT ASSETS
Stocks 142,778 127,940
Debtors 276,982 284,472
Cash at bank and in hand 102,445 121,437
522,205 533,849
Creditors: Amounts Falling Due Within One Year (118,216 ) (66,859 )
NET CURRENT ASSETS (LIABILITIES) 403,989 466,990
TOTAL ASSETS LESS CURRENT LIABILITIES 483,320 570,729
Creditors: Amounts Falling Due After More Than One Year (12,575 ) (24,111 )
NET ASSETS 470,745 546,618
CAPITAL AND RESERVES
Called up share capital 6 24,000 24,000
Fair Value Reserve - 12,692
Profit and Loss Account 446,745 509,926
SHAREHOLDERS' FUNDS 470,745 546,618
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For the year ending 31 March 2024 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 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr C Mason
Director
3 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Cluny Lace Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01235472 . The registered office is Belper St. Works, Ilkeston, Derbyshire, DE7 5FJ.
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:
Freehold no depreciation
Leasehold no depreciation
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was  8 (2023: 13)
8 13
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4. Tangible Assets
Total
£
Cost
As at 1 April 2023 402,115
Additions 262
As at 31 March 2024 402,377
Depreciation
As at 1 April 2023 313,376
Provided during the period 9,670
As at 31 March 2024 323,046
Net Book Value
As at 31 March 2024 79,331
As at 1 April 2023 88,739
5. Investments
Total
£
Cost
As at 1 April 2023 15,000
Disposals (15,000 )
As at 31 March 2024 -
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 15,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 24,000 24,000
7. Related Party Transactions
Leavers Lace LimitedThe companies are under common controlThere is an intercompany loan account. At the year end the balance was £219,760 (2023: £193,760) and this is included in Other Debtors.

Leavers Lace Limited

The companies are under common control

There is an intercompany loan account. At the year end the balance was £219,760 (2023: £193,760) and this is included in Other Debtors.

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