Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 05195624 Mr. Christopher Byrne Mrs Lorraine Byrne Mrs Lorraine Byrne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05195624 2023-07-31 05195624 2024-07-31 05195624 2023-08-01 2024-07-31 05195624 frs-core:CurrentFinancialInstruments 2024-07-31 05195624 frs-core:Non-currentFinancialInstruments 2024-07-31 05195624 frs-core:BetweenOneFiveYears 2024-07-31 05195624 frs-core:ComputerEquipment 2024-07-31 05195624 frs-core:ComputerEquipment 2023-08-01 2024-07-31 05195624 frs-core:ComputerEquipment 2023-07-31 05195624 frs-core:FurnitureFittings 2024-07-31 05195624 frs-core:FurnitureFittings 2023-08-01 2024-07-31 05195624 frs-core:FurnitureFittings 2023-07-31 05195624 frs-core:PlantMachinery 2024-07-31 05195624 frs-core:PlantMachinery 2023-08-01 2024-07-31 05195624 frs-core:PlantMachinery 2023-07-31 05195624 frs-core:WithinOneYear 2024-07-31 05195624 frs-core:ShareCapital 2024-07-31 05195624 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 05195624 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05195624 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 05195624 frs-bus:SmallEntities 2023-08-01 2024-07-31 05195624 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05195624 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05195624 frs-bus:Director1 2023-08-01 2024-07-31 05195624 frs-bus:Director1 2023-07-31 05195624 frs-bus:Director1 2024-07-31 05195624 frs-bus:Director2 2023-08-01 2024-07-31 05195624 frs-bus:Director2 2023-07-31 05195624 frs-bus:Director2 2024-07-31 05195624 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 05195624 frs-countries:EnglandWales 2023-08-01 2024-07-31 05195624 2022-07-31 05195624 2023-07-31 05195624 2022-08-01 2023-07-31 05195624 frs-core:CurrentFinancialInstruments 2023-07-31 05195624 frs-core:Non-currentFinancialInstruments 2023-07-31 05195624 frs-core:BetweenOneFiveYears 2023-07-31 05195624 frs-core:WithinOneYear 2023-07-31 05195624 frs-core:ShareCapital 2023-07-31 05195624 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 05195624
CLB Refrigeration Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05195624
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 163,734 158,129
163,734 158,129
CURRENT ASSETS
Stocks 5 131,518 90,863
Debtors 6 151,523 243,016
Cash at bank and in hand 103,191 95,111
386,232 428,990
Creditors: Amounts Falling Due Within One Year 7 (332,933 ) (297,426 )
NET CURRENT ASSETS (LIABILITIES) 53,299 131,564
TOTAL ASSETS LESS CURRENT LIABILITIES 217,033 289,693
Creditors: Amounts Falling Due After More Than One Year 8 (15,712 ) (32,253 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,770 ) (29,304 )
NET ASSETS 172,551 228,136
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 172,451 228,036
SHAREHOLDERS' FUNDS 172,551 228,136
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For the year ending 31 July 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. Christopher Byrne
Director
29/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CLB Refrigeration Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05195624 . The registered office is Unit 10 Riverside Business Centre, Fort Road, Tilbury, Essex, RM18 7ND.
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:
Plant & Machinery 25% R.B.
Fixtures & Fittings 25% R.B.
Computer Equipment 25% R.B.
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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2023: 40)
43 40
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 323,219 8,547 13,226 344,992
Additions 57,719 - 2,464 60,183
As at 31 July 2024 380,938 8,547 15,690 405,175
Depreciation
As at 1 August 2023 166,554 7,686 12,623 186,863
Provided during the period 53,596 215 767 54,578
As at 31 July 2024 220,150 7,901 13,390 241,441
Net Book Value
As at 31 July 2024 160,788 646 2,300 163,734
As at 1 August 2023 156,665 861 603 158,129
5. Stocks
2024 2023
£ £
Materials 65,000 65,000
Work in progress 66,518 25,863
131,518 90,863
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 151,523 242,518
Other debtors - 498
151,523 243,016
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,611 21,457
Trade creditors 8,029 12,907
Bank loans and overdrafts 5,363 5,433
Corporation tax 1,100 21,667
Other taxes and social security 25,301 25,292
VAT 96,890 99,539
Net wages - 3,724
Other creditors 8,666 10,596
Accruals and deferred income 3,735 3,540
Directors' loan accounts 172,238 93,271
332,933 297,426
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,741 19,352
Bank loans 7,971 12,901
15,712 32,253
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,611 21,457
Later than one year and not later than five years 7,741 19,352
19,352 40,809
19,352 40,809
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr. Christopher Byrne 46,635 39,484 - - 86,119
Mrs Lorraine Byrne 46,635 39,484 - - 86,119
The above loan is unsecured, interest free and repayable on demand.
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