Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05353619 Mr D Bradshaw Mrs L Bradshaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05353619 2023-03-31 05353619 2024-03-31 05353619 2023-04-01 2024-03-31 05353619 frs-core:CurrentFinancialInstruments 2024-03-31 05353619 frs-core:Non-currentFinancialInstruments 2024-03-31 05353619 frs-core:BetweenOneFiveYears 2024-03-31 05353619 frs-core:FurnitureFittings 2024-03-31 05353619 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05353619 frs-core:FurnitureFittings 2023-03-31 05353619 frs-core:NetGoodwill 2024-03-31 05353619 frs-core:NetGoodwill 2023-04-01 2024-03-31 05353619 frs-core:NetGoodwill 2023-03-31 05353619 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05353619 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05353619 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 05353619 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05353619 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05353619 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05353619 frs-core:MotorVehicles 2024-03-31 05353619 frs-core:MotorVehicles 2023-04-01 2024-03-31 05353619 frs-core:MotorVehicles 2023-03-31 05353619 frs-core:PlantMachinery 2024-03-31 05353619 frs-core:PlantMachinery 2023-04-01 2024-03-31 05353619 frs-core:PlantMachinery 2023-03-31 05353619 frs-core:WithinOneYear 2024-03-31 05353619 frs-core:ShareCapital 2024-03-31 05353619 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05353619 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05353619 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05353619 frs-bus:SmallEntities 2023-04-01 2024-03-31 05353619 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05353619 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05353619 frs-bus:Director1 2023-04-01 2024-03-31 05353619 frs-bus:Director2 2023-04-01 2024-03-31 05353619 frs-countries:EnglandWales 2023-04-01 2024-03-31 05353619 2022-03-31 05353619 2023-03-31 05353619 2022-04-01 2023-03-31 05353619 frs-core:CurrentFinancialInstruments 2023-03-31 05353619 frs-core:Non-currentFinancialInstruments 2023-03-31 05353619 frs-core:BetweenOneFiveYears 2023-03-31 05353619 frs-core:MotorVehicles 2022-04-01 2023-03-31 05353619 frs-core:PlantMachinery 2022-04-01 2023-03-31 05353619 frs-core:WithinOneYear 2023-03-31 05353619 frs-core:ShareCapital 2023-03-31 05353619 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05353619
CHEADLE SKIP HIRE LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05353619
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,500 5,000
Tangible Assets 5 2,190,114 2,453,466
2,192,614 2,458,466
CURRENT ASSETS
Stocks 6 5,439 12,204
Debtors 7 206,610 244,460
Cash at bank and in hand 74,625 7,467
286,674 264,131
Creditors: Amounts Falling Due Within One Year 8 (609,756 ) (834,734 )
NET CURRENT ASSETS (LIABILITIES) (323,082 ) (570,603 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,869,532 1,887,863
Creditors: Amounts Falling Due After More Than One Year 9 (626,217 ) (607,935 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (376,806 ) (422,732 )
NET ASSETS 866,509 857,196
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 866,409 857,096
SHAREHOLDERS' FUNDS 866,509 857,196
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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 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
Mrs L Bradshaw
Director
12/12/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CHEADLE SKIP HIRE LIMITED Registered number 05353619 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 24 Adswood Industrial Estate, Adswood Road, Stockport, Cheshire, SK3 8LF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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 profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Freehold 10% reducing balance
Leasehold 10% reducing balance
Plant & Machinery 22% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 8 6
Sales, marketing and distribution 25 22
33 28
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 50,000
As at 31 March 2024 50,000
Amortisation
As at 1 April 2023 45,000
Provided during the period 2,500
As at 31 March 2024 47,500
Net Book Value
As at 31 March 2024 2,500
As at 1 April 2023 5,000
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2023 109,119 157,701 2,479,174 1,285,162
Additions - - 361,995 17,950
Disposals - - (107,450 ) (206,000 )
As at 31 March 2024 109,119 157,701 2,733,719 1,097,112
Depreciation
As at 1 April 2023 43,896 21,963 1,017,087 531,516
Provided during the period 8,205 11,891 348,359 174,280
Disposals - - (79,299 ) (131,188 )
As at 31 March 2024 52,101 33,854 1,286,147 574,608
Net Book Value
As at 31 March 2024 57,018 123,847 1,447,572 522,504
As at 1 April 2023 65,223 135,738 1,462,087 753,646
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Fixtures & Fittings Total
£ £
Cost
As at 1 April 2023 77,566 4,108,722
Additions 14,882 394,827
Disposals (612 ) (314,062 )
As at 31 March 2024 91,836 4,189,487
Depreciation
As at 1 April 2023 40,794 1,655,256
Provided during the period 11,869 554,604
Disposals - (210,487 )
As at 31 March 2024 52,663 1,999,373
Net Book Value
As at 31 March 2024 39,173 2,190,114
As at 1 April 2023 36,772 2,453,466
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 718,093 264,280
Motor Vehicles 336,677 543,014
1,054,770 807,294
6. Stocks
2024 2023
£ £
Stock 5,439 12,204
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 145,142 58,572
Prepayments and accrued income 29,389 27,561
Other debtors 10,048 10,048
VAT - 126,248
184,579 222,429
Due after more than one year
Corporation tax recoverable assets 22,031 22,031
206,610 244,460
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 160,928 322,632
Trade creditors 181,706 433,678
Other taxes and social security 17,142 25,213
VAT 88,898 -
Accruals and deferred income 4,166 7,213
Directors' loan accounts 212,512 111,594
Amounts owed to group undertakings (55,596 ) (65,596 )
609,756 834,734
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 626,217 607,935
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 160,928 322,632
Later than one year and not later than five years 626,217 607,935
787,145 930,567
787,145 930,567
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
2024 2023
£ £
Not later than one year 43,720 43,720
Later than one year and not later than five years 58,293 102,013
102,013 145,733
13. Related Party Transactions
During the year rents were paid to the directors in the amount of £34,170 (2023 Nil)
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