Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 01058162 Dr P A Walley Mr C Walley Mrs C Walley Ashcroft Cameron Secretaries Limited Dr P A Walley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01058162 2023-06-30 01058162 2024-06-30 01058162 2023-07-01 2024-06-30 01058162 frs-core:CurrentFinancialInstruments 2024-06-30 01058162 frs-core:FurnitureFittings 2023-07-01 2024-06-30 01058162 frs-core:LandBuildings 2024-06-30 01058162 frs-core:LandBuildings 2023-06-30 01058162 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01058162 frs-core:PlantMachinery 2024-06-30 01058162 frs-core:PlantMachinery 2023-07-01 2024-06-30 01058162 frs-core:PlantMachinery 2023-06-30 01058162 frs-core:ShareCapital 2024-06-30 01058162 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 01058162 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01058162 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 01058162 frs-bus:SmallEntities 2023-07-01 2024-06-30 01058162 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01058162 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01058162 1 2023-07-01 2024-06-30 01058162 frs-bus:Director1 2023-07-01 2024-06-30 01058162 frs-bus:Director2 2023-07-01 2024-06-30 01058162 frs-bus:Director3 2023-07-01 2024-06-30 01058162 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 01058162 frs-countries:EnglandWales 2023-07-01 2024-06-30 01058162 2022-06-30 01058162 2023-06-30 01058162 2022-07-01 2023-06-30 01058162 frs-core:CurrentFinancialInstruments 2023-06-30 01058162 frs-core:ShareCapital 2023-06-30 01058162 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 01058162
Cressington Scientific Instruments Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Tyler-Waddington
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01058162
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 143,002 143,002
143,002 143,002
CURRENT ASSETS
Stocks 5 175,709 163,071
Debtors 6 278,796 143,650
Cash at bank and in hand 242,883 491,023
697,388 797,744
Creditors: Amounts Falling Due Within One Year 7 (296,213 ) (377,946 )
NET CURRENT ASSETS (LIABILITIES) 401,175 419,798
TOTAL ASSETS LESS CURRENT LIABILITIES 544,177 562,800
NET ASSETS 544,177 562,800
CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Profit and Loss Account 504,177 522,800
SHAREHOLDERS' FUNDS 544,177 562,800
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
Dr P A Walley
Director
16/01/2025
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
Cressington Scientific Instruments Limited Registered number 01058162 is a limited by shares company incorporated in England & Wales. The Registered Office is 34 Chalk Hill, Oxhey, Watford, Hertfordshire, WD19 4BX.
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. 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 not provided
Plant & Machinery 25% on cost
Fixtures & Fittings 25% 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. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 year 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
Page 3
Page 4
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 asset reflects 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.
2.7. Research and Development
Expenditure on research and development is written off in the year in which it is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 July 2023 143,000 15,924 158,924
As at 30 June 2024 143,000 15,924 158,924
Depreciation
As at 1 July 2023 - 15,922 15,922
As at 30 June 2024 - 15,922 15,922
Net Book Value
As at 30 June 2024 143,000 2 143,002
As at 1 July 2023 143,000 2 143,002
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 175,709 163,071
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 269,237 116,684
Other debtors 9,559 26,966
278,796 143,650
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 142,438 145,769
Bank loans and overdrafts - 13
Other creditors 56,598 200,593
Taxation and social security 97,177 31,571
296,213 377,946
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,000 40,000
9. Related Party Transactions
Dr P A Walley receives the company dividends by virtue of being the sole shareholder.
10. Ultimate Controlling Party
The company's ultimate controlling party is Dr P A Walley by virtue of his ownership of 100% of the issued share capital in the company.
Page 5