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 13020633 Dr C D Ainsworth Mrs K L Dixon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13020633 2023-03-31 13020633 2024-03-31 13020633 2023-04-01 2024-03-31 13020633 frs-core:Non-currentFinancialInstruments 2024-03-31 13020633 frs-core:BetweenOneFiveYears 2024-03-31 13020633 frs-core:NetGoodwill 2023-04-01 2024-03-31 13020633 frs-core:PlantMachinery 2023-04-01 2024-03-31 13020633 frs-core:WithinOneYear 2024-03-31 13020633 frs-core:ShareCapital 2024-03-31 13020633 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13020633 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13020633 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 13020633 frs-bus:SmallEntities 2023-04-01 2024-03-31 13020633 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13020633 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13020633 frs-bus:Director1 2023-04-01 2024-03-31 13020633 frs-bus:Director2 2023-04-01 2024-03-31 13020633 frs-countries:EnglandWales 2023-04-01 2024-03-31 13020633 2022-03-31 13020633 2023-03-31 13020633 2022-04-01 2023-03-31 13020633 frs-core:Non-currentFinancialInstruments 2023-03-31 13020633 frs-core:BetweenOneFiveYears 2023-03-31 13020633 frs-core:PlantMachinery 2022-04-01 2023-03-31 13020633 frs-core:WithinOneYear 2023-03-31 13020633 frs-core:ShareCapital 2023-03-31 13020633 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13020633
Freedom Cheadle Hulme Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 13020633
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 676,545 715,045
Tangible Assets 5 26,910 37,149
703,455 752,194
CURRENT ASSETS
Stocks 3,500 2,609
Debtors 63,272 15,969
Cash at bank and in hand 35,838 30,052
102,610 48,630
Creditors: Amounts Falling Due Within One Year (790,065 ) (807,631 )
NET CURRENT ASSETS (LIABILITIES) (687,455 ) (759,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,000 (6,807 )
Creditors: Amounts Falling Due After More Than One Year (16,961 ) (25,810 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,729 ) (7,059 )
NET LIABILITIES (7,690 ) (39,676 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (7,790 ) (39,776 )
SHAREHOLDERS' FUNDS (7,690) (39,676)
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 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 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
Dr C D Ainsworth
Director
30 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Freedom Cheadle Hulme Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13020633 . The registered office is 105 Station Road, Cheadle Hulme, SK8 7BG.
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 represents the total invoice value, excluding value added tax, of sales made during the period.
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 20 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:
Plant & Machinery 20% straight line
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.
2.7. Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. 
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for the objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured at the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Page 3
Page 4
2.8. 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 years 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.
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 assets reflect 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.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Cash and cash equivalents are shown net of bank overdrafts that are repayable on demand.
3. Average Number of Employees
Average number of employees during the year was as follows: 8 (2023: 8)
8 8
Page 4
Page 5
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 770,000
As at 31 March 2024 770,000
Amortisation
As at 1 April 2023 54,955
Provided during the period 38,500
As at 31 March 2024 93,455
Net Book Value
As at 31 March 2024 676,545
As at 1 April 2023 715,045
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 51,193
As at 31 March 2024 51,193
Depreciation
As at 1 April 2023 14,044
Provided during the period 10,239
As at 31 March 2024 24,283
Net Book Value
As at 31 March 2024 26,910
As at 1 April 2023 37,149
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 22,906 37,149
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,849 8,624
Later than one year and not later than five years 16,961 25,810
25,810 34,434
25,810 34,434
Page 5
Page 6
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Going Concern
The company has reported a profit for this financial year but has depleted reserves from losses in earlier years. However, the directors have received confirmation from the shareholders of their continued financial support for the forseeable future and for at least twelve months from the date of signature of these accounts.
Page 6