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 07964151 Mr Terence Saunders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07964151 2023-02-28 07964151 2024-02-28 07964151 2023-03-01 2024-02-28 07964151 frs-core:CurrentFinancialInstruments 2024-02-28 07964151 frs-core:ComputerEquipment 2024-02-28 07964151 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07964151 frs-core:ComputerEquipment 2023-02-28 07964151 frs-core:FurnitureFittings 2024-02-28 07964151 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07964151 frs-core:FurnitureFittings 2023-02-28 07964151 frs-core:MotorVehicles 2024-02-28 07964151 frs-core:MotorVehicles 2023-03-01 2024-02-28 07964151 frs-core:MotorVehicles 2023-02-28 07964151 frs-core:PlantMachinery 2024-02-28 07964151 frs-core:PlantMachinery 2023-03-01 2024-02-28 07964151 frs-core:PlantMachinery 2023-02-28 07964151 frs-core:ShareCapital 2024-02-28 07964151 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07964151 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07964151 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07964151 frs-bus:SmallEntities 2023-03-01 2024-02-28 07964151 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07964151 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07964151 frs-core:UnlistedNon-exchangeTraded 2024-02-28 07964151 frs-core:UnlistedNon-exchangeTraded 2023-02-28 07964151 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 07964151 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 07964151 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 07964151 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 07964151 frs-bus:Director1 2023-03-01 2024-02-28 07964151 frs-countries:EnglandWales 2023-03-01 2024-02-28 07964151 2022-02-28 07964151 2023-02-28 07964151 2022-03-01 2023-02-28 07964151 frs-core:CurrentFinancialInstruments 2023-02-28 07964151 frs-core:ShareCapital 2023-02-28 07964151 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07964151
Extreme C.N.C Services Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07964151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,598 16,985
Investment Properties 5 650,462 650,462
Investments 6 6,113 6,113
660,173 673,560
CURRENT ASSETS
Stocks 7 5,250 6,600
Debtors 8 89,508 47,499
Cash at bank and in hand 271,462 219,999
366,220 274,098
Creditors: Amounts Falling Due Within One Year 9 (218,622 ) (195,013 )
NET CURRENT ASSETS (LIABILITIES) 147,598 79,085
TOTAL ASSETS LESS CURRENT LIABILITIES 807,771 752,645
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,237 ) (1,237 )
NET ASSETS 806,534 751,408
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 806,434 751,308
SHAREHOLDERS' FUNDS 806,534 751,408
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 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
Mr Terence Saunders
Director
22 November 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
Extreme C.N.C Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07964151 . The registered office is 38 Gatcombe Great Holm, Milton Keynes, Buckinghamshire, MK8 9ET.
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 33%
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 81,367 66,895 1,455 13,582 163,299
Additions - - 1,427 2,037 3,464
As at 28 February 2024 81,367 66,895 2,882 15,619 166,763
Depreciation
As at 1 March 2023 81,367 50,395 1,164 13,388 146,314
Provided during the period - 16,500 229 122 16,851
As at 28 February 2024 81,367 66,895 1,393 13,510 163,165
Net Book Value
As at 28 February 2024 - - 1,489 2,109 3,598
As at 1 March 2023 - 16,500 291 194 16,985
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 650,462
6. Investments
Unlisted
£
Cost
As at 1 March 2023 6,113
As at 28 February 2024 6,113
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 6,113
As at 1 March 2023 6,113
Page 4
Page 5
7. Stocks
2024 2023
£ £
Stock 5,250 6,600
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,962 47,499
Due after more than one year
Other debtors 11,546 -
89,508 47,499
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,087 28,758
Other creditors 163,793 156,879
Taxation and social security 43,742 9,376
218,622 195,013
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5