Acorah Software Products - Accounts Production 15.0.600 false true true 30 September 2023 23 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14372037 Mr Andrew Di Francesco Mr Nicholas DI Francesco Mr Levi Jordan Pilling Ms Shannon Amelia Pilling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14372037 2023-09-30 14372037 2024-09-30 14372037 2023-10-01 2024-09-30 14372037 frs-core:CurrentFinancialInstruments 2024-09-30 14372037 frs-core:ComputerEquipment 2024-09-30 14372037 frs-core:ComputerEquipment 2023-10-01 2024-09-30 14372037 frs-core:ComputerEquipment 2023-09-30 14372037 frs-core:FurnitureFittings 2024-09-30 14372037 frs-core:FurnitureFittings 2023-10-01 2024-09-30 14372037 frs-core:FurnitureFittings 2023-09-30 14372037 frs-core:NetGoodwill 2024-09-30 14372037 frs-core:NetGoodwill 2023-10-01 2024-09-30 14372037 frs-core:NetGoodwill 2023-09-30 14372037 frs-core:MotorVehicles 2024-09-30 14372037 frs-core:MotorVehicles 2023-10-01 2024-09-30 14372037 frs-core:MotorVehicles 2023-09-30 14372037 frs-core:PlantMachinery 2024-09-30 14372037 frs-core:PlantMachinery 2023-10-01 2024-09-30 14372037 frs-core:PlantMachinery 2023-09-30 14372037 frs-core:ShareCapital 2024-09-30 14372037 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14372037 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14372037 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14372037 frs-bus:SmallEntities 2023-10-01 2024-09-30 14372037 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14372037 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14372037 frs-bus:Director1 2023-10-01 2024-09-30 14372037 frs-bus:Director2 2023-10-01 2024-09-30 14372037 frs-bus:Director3 2023-10-01 2024-09-30 14372037 frs-bus:Director3 2023-09-30 14372037 frs-bus:Director3 2024-09-30 14372037 frs-bus:Director4 2023-10-01 2024-09-30 14372037 frs-bus:Director4 2023-09-30 14372037 frs-bus:Director4 2024-09-30 14372037 frs-countries:EnglandWales 2023-10-01 2024-09-30 14372037 2022-09-22 14372037 2023-09-30 14372037 2022-09-23 2023-09-30 14372037 frs-core:CurrentFinancialInstruments 2023-09-30 14372037 frs-core:ShareCapital 2023-09-30 14372037 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14372037
Cecilco Limited
Financial Statements
For The Year Ended 30 September 2024
Simple Accounting NW Ltd
4-4a Blackburn Road
Accrington
BB5 1HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14372037
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,000 27,000
Tangible Assets 5 89,195 94,819
113,195 121,819
CURRENT ASSETS
Stocks 6 9,176 8,221
Debtors 7 10,483 100
Cash at bank and in hand 13,918 19,142
33,577 27,463
Creditors: Amounts Falling Due Within One Year 8 (134,192 ) (144,738 )
NET CURRENT ASSETS (LIABILITIES) (100,615 ) (117,275 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,580 4,544
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,947 ) (2,574 )
NET (LIABILITIES)/ASSETS (4,367 ) 1,970
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (4,467 ) 1,870
SHAREHOLDERS' FUNDS (4,367) 1,970
Page 1
Page 2
For the year ending 30 September 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 Andrew Di Francesco
Director
Mr Nicholas DI Francesco
Director
Mr Levi Jordan Pilling
Director
Ms Shannon Amelia Pilling
Director
22 January 2025
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
Cecilco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14372037 . The registered office is The Peel Park Hotel, Turkey Street, Accrington, Lancashire, BB5 6EW.
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
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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 10 years.
2.5. 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 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33.3% Reducing balance
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.
Page 3
Page 4
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 7)
8 7
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 30,000
As at 30 September 2024 30,000
Amortisation
As at 1 October 2023 3,000
Provided during the period 3,000
As at 30 September 2024 6,000
Net Book Value
As at 30 September 2024 24,000
As at 1 October 2023 27,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 3,925 52,795 42,711 783 100,214
Additions - - 297 200 497
As at 30 September 2024 3,925 52,795 43,008 983 100,711
Depreciation
As at 1 October 2023 35 - 5,283 77 5,395
Provided during the period 135 - 5,659 327 6,121
As at 30 September 2024 170 - 10,942 404 11,516
Net Book Value
As at 30 September 2024 3,755 52,795 32,066 579 89,195
As at 1 October 2023 3,890 52,795 37,428 706 94,819
6. Stocks
30 September 2024 30 September 2023
£ £
Finished goods 9,176 8,221
7. Debtors
30 September 2024 30 September 2023
£ £
Due within one year
Other debtors 10,483 100
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Trade creditors 8,772 13,610
Other creditors 113,419 122,514
Taxation and social security 12,001 8,614
134,192 144,738
9. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Levi Jordan Pilling 4,980 13,113 4,254 - 3,879
Ms Shannon Amelia Pilling 4,500 20,516 9,511 - 6,505
The above loan is unsecured, interest free and repayable on demand.
Page 6