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 04184580 Mr Spencer Meyers Mr Spencer Meyers true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04184580 2023-03-31 04184580 2024-03-31 04184580 2023-04-01 2024-03-31 04184580 frs-core:CurrentFinancialInstruments 2024-03-31 04184580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04184580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04184580 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 04184580 frs-core:ShareCapital 2024-03-31 04184580 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04184580 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04184580 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04184580 frs-bus:SmallEntities 2023-04-01 2024-03-31 04184580 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04184580 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04184580 1 2023-04-01 2024-03-31 04184580 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 04184580 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04184580 frs-bus:Director1 2023-04-01 2024-03-31 04184580 frs-countries:EnglandWales 2023-04-01 2024-03-31 04184580 2022-03-31 04184580 2023-03-31 04184580 2022-04-01 2023-03-31 04184580 frs-core:CurrentFinancialInstruments 2023-03-31 04184580 frs-core:ShareCapital 2023-03-31 04184580 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04184580 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 04184580
CLIDECONE LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04184580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,568 21,568
21,568 21,568
CURRENT ASSETS
Debtors 5 11,369 11,366
Cash at bank and in hand 31,999 30,946
43,368 42,312
Creditors: Amounts Falling Due Within One Year 6 (537 ) (460 )
NET CURRENT ASSETS (LIABILITIES) 42,831 41,852
TOTAL ASSETS LESS CURRENT LIABILITIES 64,399 63,420
PROVISIONS FOR LIABILITIES
Deferred Taxation (190 ) (190 )
NET ASSETS 64,209 63,230
CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 8 1,000 1,000
Profit and Loss Account 63,208 62,229
SHAREHOLDERS' FUNDS 64,209 63,230
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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 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 Spencer Meyers
Director
17th November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CLIDECONE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04184580 . The registered office is 107 Bridge Lane, London, NW11 0EU.
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 stated at cost less depreciation. 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:
Leasehold 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: NIL (2023: NIL)
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4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 April 2023 21,568
As at 31 March 2024 21,568
Net Book Value
As at 31 March 2024 21,568
As at 1 April 2023 21,568
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,391 8,391
Prepayments and accrued income 2,200 2,200
Other debtors 778 775
11,369 11,366
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 237 160
Accruals and deferred income 300 300
537 460
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Fair Value Reserve
£
As at 1 April 2023 1,000
As at 31 March 2024 1,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Spencer Meyers by virtue of his ownership of 100% of the issued share capital in the company.
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