Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI639027 Mr David Lyttle Mr Richard Norris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI639027 2023-03-31 NI639027 2024-03-31 NI639027 2023-04-01 2024-03-31 NI639027 frs-core:CurrentFinancialInstruments 2024-03-31 NI639027 frs-core:Non-currentFinancialInstruments 2024-03-31 NI639027 frs-core:BetweenOneFiveYears 2024-03-31 NI639027 frs-core:FurnitureFittings 2024-03-31 NI639027 frs-core:FurnitureFittings 2023-04-01 2024-03-31 NI639027 frs-core:FurnitureFittings 2023-03-31 NI639027 frs-core:MotorVehicles 2024-03-31 NI639027 frs-core:MotorVehicles 2023-04-01 2024-03-31 NI639027 frs-core:MotorVehicles 2023-03-31 NI639027 frs-core:PlantMachinery 2024-03-31 NI639027 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI639027 frs-core:PlantMachinery 2023-03-31 NI639027 frs-core:WithinOneYear 2024-03-31 NI639027 frs-core:ShareCapital 2024-03-31 NI639027 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI639027 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI639027 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI639027 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI639027 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI639027 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI639027 frs-bus:Director1 2023-04-01 2024-03-31 NI639027 frs-bus:Director2 2023-04-01 2024-03-31 NI639027 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI639027 2022-03-31 NI639027 2023-03-31 NI639027 2022-04-01 2023-03-31 NI639027 frs-core:CurrentFinancialInstruments 2023-03-31 NI639027 frs-core:Non-currentFinancialInstruments 2023-03-31 NI639027 frs-core:BetweenOneFiveYears 2023-03-31 NI639027 frs-core:WithinOneYear 2023-03-31 NI639027 frs-core:ShareCapital 2023-03-31 NI639027 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI639027
Clearline Distribution Limited
Financial Statements
For The Year Ended 31 March 2024
McMahon & Co
Certified Public Accountants
109 Church Street
Portadown
Co Armagh
BT62 3DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI639027
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,441 64,032
68,441 64,032
CURRENT ASSETS
Stocks 5 455,155 265,893
Debtors 6 1,136,001 1,457,258
Cash at bank and in hand 138,115 8,730
1,729,271 1,731,881
Creditors: Amounts Falling Due Within One Year 7 (514,385 ) (940,526 )
NET CURRENT ASSETS (LIABILITIES) 1,214,886 791,355
TOTAL ASSETS LESS CURRENT LIABILITIES 1,283,327 855,387
Creditors: Amounts Falling Due After More Than One Year 8 (7,108 ) (17,775 )
NET ASSETS 1,276,219 837,612
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 1,276,019 837,412
SHAREHOLDERS' FUNDS 1,276,219 837,612
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.
On behalf of the board
Mr David Lyttle
Director
Mr Richard Norris
Director
14/08/2024
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
Clearline Distribution Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI639027 . The registered office is 30A Ballynabragget Road, Waringstown, Craigavon, Co Armagh, BT66 7SH.
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 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.

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 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 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.
2.6. 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: 7 (2023: 6)
7 6
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 2,500 101,385 - 103,885
Additions 14,313 15,350 1,865 31,528
Disposals - (10,200 ) - (10,200 )
As at 31 March 2024 16,813 106,535 1,865 125,213
Depreciation
As at 1 April 2023 500 39,353 - 39,853
Provided during the period 4,079 18,271 466 22,816
Disposals - (5,897 ) - (5,897 )
As at 31 March 2024 4,579 51,727 466 56,772
Net Book Value
As at 31 March 2024 12,234 54,808 1,399 68,441
As at 1 April 2023 2,000 62,032 - 64,032
5. Stocks
2024 2023
£ £
Finished goods 455,155 265,893
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,136,001 1,457,258
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,665 10,665
Trade creditors 219,499 300,547
Bank loans and overdrafts 3,165 143,732
Corporation tax 186,839 102,799
Other taxes and social security 5,319 3,351
VAT 18,542 295,182
Other creditors 52,000 52,000
Accruals and deferred income 11,436 7,776
Directors' loan accounts 6,920 24,474
514,385 940,526
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,108 17,775
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,665 10,665
Later than one year and not later than five years 7,108 17,775
17,773 28,440
17,773 28,440
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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