Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05953588 Mr L S Rowley Mr S J Rowley Mr P H Rowley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05953588 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-06-30 05953588 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-06-30 05953588 2023-06-30 05953588 2024-06-30 05953588 2023-07-01 2024-06-30 05953588 frs-core:CurrentFinancialInstruments 2024-06-30 05953588 frs-core:Non-currentFinancialInstruments 2024-06-30 05953588 frs-core:ComputerEquipment 2024-06-30 05953588 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05953588 frs-core:ComputerEquipment 2023-06-30 05953588 frs-core:FurnitureFittings 2024-06-30 05953588 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05953588 frs-core:FurnitureFittings 2023-06-30 05953588 frs-core:MotorVehicles 2024-06-30 05953588 frs-core:MotorVehicles 2023-07-01 2024-06-30 05953588 frs-core:MotorVehicles 2023-06-30 05953588 frs-core:PlantMachinery 2024-06-30 05953588 frs-core:PlantMachinery 2023-07-01 2024-06-30 05953588 frs-core:PlantMachinery 2023-06-30 05953588 frs-core:WithinOneYear 2024-06-30 05953588 frs-core:ShareCapital 2024-06-30 05953588 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05953588 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05953588 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05953588 frs-bus:SmallEntities 2023-07-01 2024-06-30 05953588 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05953588 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05953588 frs-bus:Director1 2023-07-01 2024-06-30 05953588 frs-bus:Director2 2023-07-01 2024-06-30 05953588 frs-bus:Director3 2023-07-01 2024-06-30 05953588 frs-countries:EnglandWales 2023-07-01 2024-06-30 05953588 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-06-30 05953588 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-06-30 05953588 2022-06-30 05953588 2023-06-30 05953588 2022-07-01 2023-06-30 05953588 frs-core:CurrentFinancialInstruments 2023-06-30 05953588 frs-core:Non-currentFinancialInstruments 2023-06-30 05953588 frs-core:WithinOneYear 2023-06-30 05953588 frs-core:ShareCapital 2023-06-30 05953588 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05953588
C.I.S. Group Imports Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05953588
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,999 11,872
9,999 11,872
CURRENT ASSETS
Stocks 457,673 527,000
Debtors 5 310,592 188,585
Cash at bank and in hand 110,582 33,954
878,847 749,539
Creditors: Amounts Falling Due Within One Year 6 (316,123 ) (391,703 )
NET CURRENT ASSETS (LIABILITIES) 562,724 357,836
TOTAL ASSETS LESS CURRENT LIABILITIES 572,723 369,708
Creditors: Amounts Falling Due After More Than One Year 7 (16,513 ) (26,609 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,500 ) (2,374 )
NET ASSETS 553,710 340,725
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 553,610 340,625
SHAREHOLDERS' FUNDS 553,710 340,725
Page 1
Page 2
For the year ending 30 June 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 P H Rowley
Director
15 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
C.I.S. Group Imports Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the probisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policy adopted for the recognition of turnover are as follows:
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, the amount of turnover can be measured reliably, it is probable that the econcomic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 
2.6. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Timing differences arise from the inclusion of income and expenses in tax assesments in periods different from those in which they aare recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Employee Benefits
The company operates a defined contribution plan for the benefit of its employees.  Contributions are expensed as they become payable. 
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 10,927 37,076 27,861 2,668 78,532
Additions - - - 973 973
As at 30 June 2024 10,927 37,076 27,861 3,641 79,505
Depreciation
As at 1 July 2023 9,577 33,744 21,863 1,476 66,660
Provided during the period 270 834 1,200 542 2,846
As at 30 June 2024 9,847 34,578 23,063 2,018 69,506
Net Book Value
As at 30 June 2024 1,080 2,498 4,798 1,623 9,999
As at 1 July 2023 1,350 3,332 5,998 1,192 11,872
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 283,957 163,982
Prepayments and accrued income 26,635 24,603
310,592 188,585
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 66,545 104,810
Bank loans and overdrafts 10,098 9,849
Corporation tax 72,525 27,430
Other taxes and social security 1,887 1,874
VAT 92,385 168,224
Other creditors 378 438
Accruals and deferred income 4,295 4,065
Directors' loan accounts 67,910 74,913
Amounts owed to group undertakings 100 100
316,123 391,703
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,513 26,609
8. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 10,098 9,849
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 16,513 26,609
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet
amount to £107,604 (2023: £166,350).
2024 2023
£ £
Not later than one year 107,604 -
107,604 -
Page 5