Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 29 March 2022 false 1 April 2023 31 March 2024 31 March 2024 SC727832 Luca Lo Bianco iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC727832 2023-03-31 SC727832 2024-03-31 SC727832 2023-04-01 2024-03-31 SC727832 frs-core:CurrentFinancialInstruments 2024-03-31 SC727832 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC727832 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SC727832 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 SC727832 frs-core:MotorVehicles 2024-03-31 SC727832 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC727832 frs-core:MotorVehicles 2023-03-31 SC727832 frs-core:PlantMachinery 2024-03-31 SC727832 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC727832 frs-core:PlantMachinery 2023-03-31 SC727832 frs-core:WithinOneYear 2024-03-31 SC727832 frs-core:ShareCapital 2024-03-31 SC727832 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC727832 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC727832 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC727832 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC727832 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC727832 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC727832 frs-bus:Director1 2023-04-01 2024-03-31 SC727832 frs-countries:Scotland 2023-04-01 2024-03-31 SC727832 2022-03-28 SC727832 2023-03-31 SC727832 2022-03-29 2023-03-31 SC727832 frs-core:CurrentFinancialInstruments 2023-03-31 SC727832 frs-core:WithinOneYear 2023-03-31 SC727832 frs-core:ShareCapital 2023-03-31 SC727832 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC727832
CN69 Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC727832
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,892 70,360
75,892 70,360
CURRENT ASSETS
Stocks 5 27,000 24,000
Cash at bank and in hand 9,189 18,189
36,189 42,189
Creditors: Amounts Falling Due Within One Year 6 (145,610 ) (146,409 )
NET CURRENT ASSETS (LIABILITIES) (109,421 ) (104,220 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,529 ) (33,860 )
NET LIABILITIES (33,529 ) (33,860 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (33,629 ) (33,960 )
SHAREHOLDERS' FUNDS (33,529) (33,860)
Page 1
Page 2
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 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
Luca Lo Bianco
Director
14/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CN69 Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC727832 . The registered office is 14 Newton Place, Glasgow, Scotland, G3 7PY.
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.
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:
Leasehold Over a period of 10 years
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 75,000 3,813 - 78,813
Additions - - 18,330 18,330
As at 31 March 2024 75,000 3,813 18,330 97,143
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 7,500 953 - 8,453
Provided during the period 7,500 715 4,583 12,798
As at 31 March 2024 15,000 1,668 4,583 21,251
Net Book Value
As at 31 March 2024 60,000 2,145 13,747 75,892
As at 1 April 2023 67,500 2,860 - 70,360
5. Stocks
2024 2023
£ £
Stock 27,000 24,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,163 -
Trade creditors 524 1,602
Other taxes and social security 8,392 15,590
VAT 10,913 17,217
Net wages 2,119 -
Accruals and deferred income 1,000 1,000
Director's loan account 108,499 111,000
145,610 146,409
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,163 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4