Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03018819 Mr Peter Rowles Mrs Lesley Rowles Mr Peter Rowles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03018819 2023-05-31 03018819 2024-05-31 03018819 2023-06-01 2024-05-31 03018819 frs-core:CurrentFinancialInstruments 2024-05-31 03018819 frs-core:Non-currentFinancialInstruments 2024-05-31 03018819 frs-core:ComputerEquipment 2024-05-31 03018819 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03018819 frs-core:ComputerEquipment 2023-05-31 03018819 frs-core:FurnitureFittings 2024-05-31 03018819 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03018819 frs-core:FurnitureFittings 2023-05-31 03018819 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 03018819 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03018819 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 03018819 frs-core:MotorVehicles 2024-05-31 03018819 frs-core:MotorVehicles 2023-06-01 2024-05-31 03018819 frs-core:MotorVehicles 2023-05-31 03018819 frs-core:PlantMachinery 2024-05-31 03018819 frs-core:PlantMachinery 2023-06-01 2024-05-31 03018819 frs-core:PlantMachinery 2023-05-31 03018819 frs-core:ShareCapital 2024-05-31 03018819 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03018819 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03018819 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03018819 frs-bus:SmallEntities 2023-06-01 2024-05-31 03018819 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03018819 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03018819 frs-core:UnlistedNon-exchangeTraded 2024-05-31 03018819 frs-core:UnlistedNon-exchangeTraded 2023-05-31 03018819 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 03018819 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 03018819 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 03018819 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 03018819 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 03018819 frs-bus:Director1 2023-06-01 2024-05-31 03018819 frs-bus:Director2 2023-06-01 2024-05-31 03018819 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03018819 frs-countries:EnglandWales 2023-06-01 2024-05-31 03018819 2022-05-31 03018819 2023-05-31 03018819 2022-06-01 2023-05-31 03018819 frs-core:CurrentFinancialInstruments 2023-05-31 03018819 frs-core:Non-currentFinancialInstruments 2023-05-31 03018819 frs-core:ShareCapital 2023-05-31 03018819 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03018819
Cutelook Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Bournemouth Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03018819
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,085 61,039
Investments 5 420,729 -
474,814 61,039
CURRENT ASSETS
Stocks 6 85,681 81,846
Debtors 7 247,209 433,291
Investments 8 53,355 49,307
Cash at bank and in hand 275,439 483,679
661,684 1,048,123
Creditors: Amounts Falling Due Within One Year 9 (433,011 ) (434,256 )
NET CURRENT ASSETS (LIABILITIES) 228,673 613,867
TOTAL ASSETS LESS CURRENT LIABILITIES 703,487 674,906
Creditors: Amounts Falling Due After More Than One Year 10 (20,633 ) (30,580 )
NET ASSETS 682,854 644,326
CAPITAL AND RESERVES
Called up share capital 11 1,110 1,110
Profit and Loss Account 681,744 643,216
SHAREHOLDERS' FUNDS 682,854 644,326
Page 1
Page 2
For the year ending 31 May 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 Peter Rowles
Director
15/01/2025
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
Cutelook Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03018819 . The registered office is 176 Tuckton Road, Tuckton, Bournemouth, BH6 3AA.
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 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.
2.3. 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:
Freehold 2% on cost
Plant & Machinery 15% reducing balance
Motor Vehicles 33% on cost
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance and 33% on cost
2.4. 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.
2.5. 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 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
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Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2023 82,912 1,202 65,490 18,336
Disposals - (1,202 ) - (18,336 )
As at 31 May 2024 82,912 - 65,490 -
Depreciation
As at 1 June 2023 33,102 1,202 56,323 18,294
Provided during the period 1,658 - 4,584 42
Disposals - (1,202 ) - (18,336 )
As at 31 May 2024 34,760 - 60,907 -
Net Book Value
As at 31 May 2024 48,152 - 4,583 -
As at 1 June 2023 49,810 - 9,167 42
Computer Equipment Total
£ £
Cost
As at 1 June 2023 6,570 174,510
Disposals - (19,538 )
As at 31 May 2024 6,570 154,972
Depreciation
As at 1 June 2023 4,550 113,471
Provided during the period 670 6,954
Disposals - (19,538 )
As at 31 May 2024 5,220 100,887
Net Book Value
As at 31 May 2024 1,350 54,085
As at 1 June 2023 2,020 61,039
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 June 2023 -
Additions 420,729
As at 31 May 2024 420,729
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 420,729
As at 1 June 2023 -
6. Stocks
2024 2023
£ £
Stock 85,681 81,846
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 128,030 43,812
Prepayments and accrued income 24,369 18,822
Deferred tax current asset 11,073 2,931
Other taxes and social security 3,737 -
Amounts owed by associates 80,000 367,726
247,209 433,291
8. Current Asset Investments
2024 2023
£ £
Listed investments 53,355 49,307
Above are investments listed on a recognised stock exchange or ones valued by reference to such investments, such as unit trusts and common investment funds. Value shows market value at the balance sheet date.
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 107,355 130,616
Bank loans and overdrafts 78 941
Corporation tax 52,283 50,984
Other taxes and social security - 1,691
VAT 43,554 53,969
Net wages - 6,658
Other creditors 123,194 172,583
Accruals and deferred income 96,650 7,900
Directors' loan accounts 9,897 8,914
433,011 434,256
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,633 30,580
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,110 1,110
12. Related Party Transactions
The company occupies premises ownded by its pension scheme at a normal commercial rent.
Page 6