Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 November 2021 false 1 April 2023 31 March 2024 31 March 2024 08741703 Mr S Little Mr E Cargill Mr S Sartin Mrs J Sartin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08741703 2023-03-31 08741703 2024-03-31 08741703 2023-04-01 2024-03-31 08741703 frs-core:CurrentFinancialInstruments 2024-03-31 08741703 frs-core:Non-currentFinancialInstruments 2024-03-31 08741703 frs-core:ComputerEquipment 2024-03-31 08741703 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08741703 frs-core:ComputerEquipment 2023-03-31 08741703 frs-core:NetGoodwill 2024-03-31 08741703 frs-core:NetGoodwill 2023-04-01 2024-03-31 08741703 frs-core:NetGoodwill 2023-03-31 08741703 frs-core:ShareCapital 2024-03-31 08741703 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08741703 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08741703 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08741703 frs-bus:SmallEntities 2023-04-01 2024-03-31 08741703 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08741703 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08741703 frs-bus:Director1 2023-04-01 2024-03-31 08741703 frs-bus:Director2 2023-04-01 2024-03-31 08741703 frs-bus:Director3 2023-04-01 2024-03-31 08741703 frs-bus:Director4 2023-04-01 2024-03-31 08741703 frs-countries:EnglandWales 2023-04-01 2024-03-31 08741703 2021-10-31 08741703 2023-03-31 08741703 2021-11-01 2023-03-31 08741703 frs-core:CurrentFinancialInstruments 2023-03-31 08741703 frs-core:Non-currentFinancialInstruments 2023-03-31 08741703 frs-core:ShareCapital 2023-03-31 08741703 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08741703
Charlton Baker (Bath) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08741703
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 87,264 110,240
Tangible Assets 4 2,844 4,589
90,108 114,829
CURRENT ASSETS
Stocks 5 7,500 -
Debtors 6 75,704 78,904
Cash at bank and in hand 104,954 78,962
188,158 157,866
Creditors: Amounts Falling Due Within One Year 7 (106,009 ) (98,548 )
NET CURRENT ASSETS (LIABILITIES) 82,149 59,318
TOTAL ASSETS LESS CURRENT LIABILITIES 172,257 174,147
Creditors: Amounts Falling Due After More Than One Year 8 - (34,103 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (711 ) (872 )
NET ASSETS 171,546 139,172
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 171,545 139,171
SHAREHOLDERS' FUNDS 171,546 139,172
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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 Income Statement.
On behalf of the board
Mr S Sartin
Director
18/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
1.4. 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:
Computer Equipment Straight line over 3 to 5 years
1.5. 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.
1.6. 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.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8 (2023: 6)
8 6
3. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 243,059
As at 31 March 2024 243,059
Amortisation
As at 1 April 2023 132,819
Provided during the period 22,976
As at 31 March 2024 155,795
Net Book Value
As at 31 March 2024 87,264
As at 1 April 2023 110,240
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 20,581
Additions 824
As at 31 March 2024 21,405
Depreciation
As at 1 April 2023 15,992
Provided during the period 2,569
As at 31 March 2024 18,561
Net Book Value
As at 31 March 2024 2,844
As at 1 April 2023 4,589
5. Stocks
31 March 2024 31 March 2023
£ £
Work in progress 7,500 -
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6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 73,954 73,288
Other debtors 1,750 5,616
75,704 78,904
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 16,111 37,927
Bank loans and overdrafts 34,103 32,154
Taxation and social security 55,795 28,467
106,009 98,548
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans - 34,103
- 34,103
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
10. General Information
Charlton Baker (Bath) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08741703 . The registered office is 1 North Parade Passage, Bath, Somerset, BA1 1NX.
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