Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 November 2021 false 1 April 2023 31 March 2024 31 March 2024 10442474 Mr C Grundy Mr R Cook true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10442474 2023-03-31 10442474 2024-03-31 10442474 2023-04-01 2024-03-31 10442474 frs-core:CurrentFinancialInstruments 2024-03-31 10442474 frs-core:Non-currentFinancialInstruments 2024-03-31 10442474 frs-core:ComputerEquipment 2024-03-31 10442474 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10442474 frs-core:ComputerEquipment 2023-03-31 10442474 frs-core:FurnitureFittings 2024-03-31 10442474 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10442474 frs-core:FurnitureFittings 2023-03-31 10442474 frs-core:PlantMachinery 2024-03-31 10442474 frs-core:PlantMachinery 2023-04-01 2024-03-31 10442474 frs-core:PlantMachinery 2023-03-31 10442474 frs-core:ShareCapital 2024-03-31 10442474 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10442474 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10442474 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10442474 frs-bus:SmallEntities 2023-04-01 2024-03-31 10442474 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10442474 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10442474 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10442474 frs-bus:OrdinaryShareClass1 2024-03-31 10442474 1 2023-04-01 2024-03-31 10442474 frs-bus:Director1 2023-04-01 2024-03-31 10442474 frs-bus:Director2 2023-04-01 2024-03-31 10442474 frs-countries:EnglandWales 2023-04-01 2024-03-31 10442474 2021-10-31 10442474 2023-03-31 10442474 2021-11-01 2023-03-31 10442474 frs-core:CurrentFinancialInstruments 2023-03-31 10442474 frs-core:Non-currentFinancialInstruments 2023-03-31 10442474 frs-core:ShareCapital 2023-03-31 10442474 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10442474 frs-bus:OrdinaryShareClass1 2021-11-01 2023-03-31
Registered number: 10442474
C-N-G Property Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10442474
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 530
- 530
CURRENT ASSETS
Debtors 5 122,538 161,055
Cash at bank and in hand 601 1,128
123,139 162,183
Creditors: Amounts Falling Due Within One Year 6 (11,485 ) (36,951 )
NET CURRENT ASSETS (LIABILITIES) 111,654 125,232
TOTAL ASSETS LESS CURRENT LIABILITIES 111,654 125,762
Creditors: Amounts Falling Due After More Than One Year 7 (11,623 ) (19,934 )
NET ASSETS 100,031 105,828
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 100,029 105,826
SHAREHOLDERS' FUNDS 100,031 105,828
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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 Profit and Loss Account.
On behalf of the board
Mr C Grundy
Director
14 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
C-N-G Property Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10442474 . The registered office is Unit 4 The Green, Hawks Green Lane, Cannock, WS11 7LG.
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. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Turnover
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.
2.4. 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:
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. Financial Instruments
The company only enters in to basic financial intrument transactions that result in the recognition of financial
aseets and liabilites like trade debtors and creditors, loans from banks and other third parties and loans to
related parties.
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.
...CONTINUED
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2.6. Taxation - continued
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: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,005 259 2,192 3,456
As at 31 March 2024 1,005 259 2,192 3,456
Depreciation
As at 1 April 2023 1,005 237 1,684 2,926
Provided during the period - 22 508 530
As at 31 March 2024 1,005 259 2,192 3,456
Net Book Value
As at 31 March 2024 - - - -
As at 1 April 2023 - 22 508 530
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 120,698 159,215
Other taxes and social security 1,840 1,840
122,538 161,055
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6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 43 985
Bank loans and overdrafts 9,963 9,200
Corporation tax - 25,139
VAT 167 172
Accruals and deferred income 350 650
Directors' loan accounts 962 805
11,485 36,951
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 11,623 19,934
11,623 19,934
8. Share Capital
31 March 2024 31 March 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
9. Related Party Transactions
A company in which Mr Cook and Mr Grundy are also directors.
At the balance sheet date there was an outstanding loan due from C-N-G Electrical Limited of £120,698. This loan is interest free and repayable upon demand.
10. Ultimate Controlling Party
The company is controlled by Mr Cook and Mr Grundy, directors, by virtue of owning 100% of the ordinary issued share capital.
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