Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08975198 Mr Peter Crook Mrs Doreen Crook Mr William Crook Mr Daniel Crook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08975198 2023-02-28 08975198 2024-02-28 08975198 2023-03-01 2024-02-28 08975198 frs-core:CurrentFinancialInstruments 2024-02-28 08975198 frs-core:Non-currentFinancialInstruments 2024-02-28 08975198 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 08975198 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 08975198 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 08975198 frs-core:RevaluationReserve 2023-02-28 08975198 frs-core:RevaluationReserve 2024-02-28 08975198 frs-core:ShareCapital 2024-02-28 08975198 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08975198 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08975198 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08975198 frs-bus:SmallEntities 2023-03-01 2024-02-28 08975198 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08975198 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08975198 frs-bus:Director1 2023-03-01 2024-02-28 08975198 frs-bus:Director2 2023-03-01 2024-02-28 08975198 frs-bus:Director3 2023-03-01 2024-02-28 08975198 frs-bus:Director4 2023-03-01 2024-02-28 08975198 frs-countries:EnglandWales 2023-03-01 2024-02-28 08975198 2022-02-28 08975198 2023-02-28 08975198 2022-03-01 2023-02-28 08975198 frs-core:CurrentFinancialInstruments 2023-02-28 08975198 frs-core:Non-currentFinancialInstruments 2023-02-28 08975198 frs-core:RevaluationReserve 2023-02-28 08975198 frs-core:ShareCapital 2023-02-28 08975198 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08975198
Celsius Capital Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Axis Accounting
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08975198
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 336,161 336,161
336,161 336,161
CURRENT ASSETS
Debtors 5 103 3,463
Cash at bank and in hand 12,120 17,417
12,223 20,880
Creditors: Amounts Falling Due Within One Year 6 (307,869 ) (308,340 )
NET CURRENT ASSETS (LIABILITIES) (295,646 ) (287,460 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,515 48,701
Creditors: Amounts Falling Due After More Than One Year 7 (21,591 ) (32,483 )
NET ASSETS 18,924 16,218
CAPITAL AND RESERVES
Called up share capital 8 103 103
Revaluation reserve 9 16,652 16,652
Profit and Loss Account 2,169 (537 )
SHAREHOLDERS' FUNDS 18,924 16,218
Page 1
Page 2
For the year ending 28 February 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.
On behalf of the board
Mr Daniel Crook
Director
05/11/2024
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
Celsius Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08975198 . The registered office is 1 Well Street, Heywood, Lancashire, OL10 1NT.
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 Nil
2.4. 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 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.
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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 336,161
As at 28 February 2024 336,161
Net Book Value
As at 28 February 2024 336,161
As at 1 March 2023 336,161
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,360
Other debtors 103 103
103 3,463
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 12,262 12,200
Corporation tax 1,435 4,792
VAT 840 840
Directors' loan accounts 41,518 70,518
Amounts owed to Celsius Services (Current liabilities - creditors < 1 year) 105,000 100,000
Amounts owed to Celsius Limited (Current liabilities - creditors < 1 year) 146,814 119,990
307,869 308,340
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,591 32,483
21,591 32,483
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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9. Reserves
Revaluation Reserve
£
As at 1 March 2023 16,652
As at 28 February 2024 16,652
Page 5