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 07276005 R Clements S J Clements iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07276005 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 07276005 2023-06-30 07276005 2024-06-30 07276005 2023-07-01 2024-06-30 07276005 frs-core:CurrentFinancialInstruments 2024-06-30 07276005 frs-core:Non-currentFinancialInstruments 2024-06-30 07276005 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07276005 frs-core:LandBuildings 2024-06-30 07276005 frs-core:LandBuildings 2023-07-01 2024-06-30 07276005 frs-core:LandBuildings 2023-06-30 07276005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 07276005 frs-core:MotorVehicles 2023-07-01 2024-06-30 07276005 frs-core:PlantMachinery 2024-06-30 07276005 frs-core:PlantMachinery 2023-07-01 2024-06-30 07276005 frs-core:PlantMachinery 2023-06-30 07276005 frs-core:ShareCapital 2024-06-30 07276005 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07276005 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07276005 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07276005 frs-bus:SmallEntities 2023-07-01 2024-06-30 07276005 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07276005 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07276005 frs-bus:Director1 2023-07-01 2024-06-30 07276005 frs-bus:Director1 2023-06-30 07276005 frs-bus:Director1 2024-06-30 07276005 frs-bus:Director2 2023-07-01 2024-06-30 07276005 frs-core:Non-currentFinancialInstruments 1 2024-06-30 07276005 frs-countries:EnglandWales 2023-07-01 2024-06-30 07276005 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-06-30 07276005 2022-06-30 07276005 2023-06-30 07276005 2022-07-01 2023-06-30 07276005 frs-core:CurrentFinancialInstruments 2023-06-30 07276005 frs-core:Non-currentFinancialInstruments 2023-06-30 07276005 frs-core:ShareCapital 2023-06-30 07276005 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07276005 frs-core:Non-currentFinancialInstruments 1 2023-06-30
Registered number: 07276005
C C G Decorators Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07276005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 131,640 144,508
131,640 144,508
CURRENT ASSETS
Stocks 1,000 2,500
Debtors 5 415,830 481,832
Cash at bank and in hand 330,367 459,027
747,197 943,359
Creditors: Amounts Falling Due Within One Year 6 (194,366 ) (322,855 )
NET CURRENT ASSETS (LIABILITIES) 552,831 620,504
TOTAL ASSETS LESS CURRENT LIABILITIES 684,471 765,012
Creditors: Amounts Falling Due After More Than One Year 7 (57,496 ) (128,444 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,238 ) (18,044 )
NET ASSETS 611,737 618,524
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 611,637 618,424
SHAREHOLDERS' FUNDS 611,737 618,524
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
R Clements
Director
20 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
C C G Decorators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07276005 . The registered office is Haldon House, 4 Castle Road, Torquay, Devon, TQ1 3BG.
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.
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:
Leasehold 2% on cost
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.5. 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.
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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.
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 21)
20 21
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 July 2023 82,195 227,569 309,764
Additions - 10,722 10,722
Disposals - (55,105 ) (55,105 )
As at 30 June 2024 82,195 183,186 265,381
...CONTINUED
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Depreciation
As at 1 July 2023 9,863 155,393 165,256
Provided during the period 1,644 18,578 20,222
Disposals - (51,737 ) (51,737 )
As at 30 June 2024 11,507 122,234 133,741
Net Book Value
As at 30 June 2024 70,688 60,952 131,640
As at 1 July 2023 72,332 72,176 144,508
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 214,128 174,363
Other debtors 201,702 307,469
415,830 481,832
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,385 6,921
Trade creditors 21,588 33,186
Bank loans and overdrafts 2,700 2,000
Other creditors 114,568 162,330
Taxation and social security 48,125 118,418
194,366 322,855
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,466 13,851
Bank loans 35,078 38,437
Other loans 15,952 76,156
57,496 128,444
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 23,878 28,437
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8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Hire purchase liabilities are secured against the assets to which the agreements relate.
The bank loan is secured against the property held by the company.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,851 20,772
Bank loans and overdrafts 37,778 40,437
9. Share Capital
2024 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 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Robert Clements 83,065 113,063 83,065 - 113,063
The above loan is a joint loan with the director and his wife and is unsecured and repayable on demand and interest is charged on overdrawn balances at 2.25% pa.
11. Related Party Transactions
During the year loans subsisted between the company and another company controlled by the directors as follows:
Amounts received from the related party in the year - £119,801 (2023 - £128,601)
Amounts paid to the related party in the year - £30,939 (2023 - £229,330)
Balance owing by the related party at the year end - £40,785 (2023 - £129,647)
The loans are unsecured, interest free and repayable on demand
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