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 05818267 Mr C S Gordon Mr D B Gordon Mrs H Gordon Mrs H Gordon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05818267 2023-05-31 05818267 2024-05-31 05818267 2023-06-01 2024-05-31 05818267 frs-core:Non-currentFinancialInstruments 2024-05-31 05818267 frs-core:ComputerEquipment 2024-05-31 05818267 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05818267 frs-core:ComputerEquipment 2023-05-31 05818267 frs-core:RevaluationReserve 2023-05-31 05818267 frs-core:RevaluationReserve 2024-05-31 05818267 frs-core:ShareCapital 2024-05-31 05818267 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05818267 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05818267 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05818267 frs-bus:SmallEntities 2023-06-01 2024-05-31 05818267 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05818267 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05818267 frs-bus:Director1 2023-06-01 2024-05-31 05818267 frs-bus:Director2 2023-06-01 2024-05-31 05818267 frs-bus:Director3 2023-06-01 2024-05-31 05818267 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05818267 frs-countries:EnglandWales 2023-06-01 2024-05-31 05818267 2022-05-31 05818267 2023-05-31 05818267 2022-06-01 2023-05-31 05818267 frs-core:CurrentFinancialInstruments 2023-05-31 05818267 frs-core:Non-currentFinancialInstruments 2023-05-31 05818267 frs-core:RevaluationReserve 2023-05-31 05818267 frs-core:ShareCapital 2023-05-31 05818267 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05818267
1 CSG LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sadler Davies
Top Floor
West Hill House
Dartford
Kent
DA1 2EU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05818267
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 401 101
Investment Properties 5 2,335,000 2,335,000
2,335,401 2,335,101
CURRENT ASSETS
Debtors 6 5,683 44,500
Cash at bank and in hand 313,200 414,297
318,883 458,797
Creditors: Amounts Falling Due Within One Year 7 (329,050 ) (429,864 )
NET CURRENT ASSETS (LIABILITIES) (10,167 ) 28,933
TOTAL ASSETS LESS CURRENT LIABILITIES 2,325,234 2,364,034
Creditors: Amounts Falling Due After More Than One Year 8 (641,725 ) (657,119 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (92,095 ) (92,095 )
Deferred Taxation (18 ) (18 )
NET ASSETS 1,591,396 1,614,802
CAPITAL AND RESERVES
Called up share capital 9 5 5
Revaluation reserve 10 368,531 368,531
Profit and Loss Account 1,222,860 1,246,266
SHAREHOLDERS' FUNDS 1,591,396 1,614,802
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 D B Gordon
Director
6th February 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
1 CSG LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05818267 . The registered office is Top Floor, West Hill House, West Hill, Dartford , Kent, DA1 2EU.
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.
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:
Computer Equipment 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable 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.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 1,024
Additions 400
As at 31 May 2024 1,424
Depreciation
As at 1 June 2023 923
Provided during the period 100
As at 31 May 2024 1,023
Net Book Value
As at 31 May 2024 401
As at 1 June 2023 101
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 2,335,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,874,373 1,874,373
Fair value at 31 May 2023 is represented by:
                                         £ 
Valuation in 2016          25,627
Valuation in 2017          432,000
Valuation in 2019          3,000
Cost                             1,874,373         
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 44,500
Other debtors 5,683 -
5,683 44,500
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 329,050 381,693
Taxation and social security - 48,171
329,050 429,864
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 641,725 657,119
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
10. Reserves
Revaluation Reserve
£
As at 1 June 2023 368,531
As at 31 May 2024 368,531
Page 5