Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04541446 Miss Carol Parker Mr Graham Sewell Miss Carol Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04541446 2023-09-30 04541446 2024-09-30 04541446 2023-10-01 2024-09-30 04541446 frs-core:Non-currentFinancialInstruments 2024-09-30 04541446 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04541446 frs-core:MotorVehicles 2023-10-01 2024-09-30 04541446 frs-core:PlantMachinery 2023-10-01 2024-09-30 04541446 frs-core:ShareCapital 2024-09-30 04541446 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04541446 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04541446 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 04541446 frs-bus:SmallEntities 2023-10-01 2024-09-30 04541446 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04541446 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04541446 frs-bus:Director1 2023-10-01 2024-09-30 04541446 frs-bus:Director2 2023-10-01 2024-09-30 04541446 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04541446 frs-countries:EnglandWales 2023-10-01 2024-09-30 04541446 2022-09-30 04541446 2023-09-30 04541446 2022-10-01 2023-09-30 04541446 frs-core:Non-currentFinancialInstruments 2023-09-30 04541446 frs-core:ShareCapital 2023-09-30 04541446 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04541446
Corrigo Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
DEB Chartered Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04541446
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 333,435 231,872
333,435 231,872
CURRENT ASSETS
Stocks 50,000 350,000
Debtors 1,205,541 668,275
Cash at bank and in hand 567,271 15,771
1,822,812 1,034,046
Creditors: Amounts Falling Due Within One Year (911,249 ) (441,986 )
NET CURRENT ASSETS (LIABILITIES) 911,563 592,060
TOTAL ASSETS LESS CURRENT LIABILITIES 1,244,998 823,932
Creditors: Amounts Falling Due After More Than One Year (216,871 ) (239,922 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (88,360 ) (43,238 )
NET ASSETS 939,767 540,772
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 939,765 540,770
SHAREHOLDERS' FUNDS 939,767 540,772
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Graham Sewell
Director
21/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Corrigo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04541446 . The registered office is 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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:
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 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. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Manufacturing 15 8
16 9
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4. Tangible Assets
Total
£
Cost
As at 1 October 2023 490,305
Additions 212,708
As at 30 September 2024 703,013
Depreciation
As at 1 October 2023 258,433
Provided during the period 111,145
As at 30 September 2024 369,578
Net Book Value
As at 30 September 2024 333,435
As at 1 October 2023 231,872
5. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 88,360 43,238
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Graham Sewell 31,000 50,000
8. Related Party Transactions
The company is controlled by Mr G Sewell, who is both a director and a shareholder, and Miss C Parker, who serves as a director.
The balance on the director's loan account for Mr G Sewell as at 30th September 2024 was £31,000 (2023 - £81,500) due from the company).
During the year the company has given a loan of £8,000 to Carham Limited . At 30th September 2024 the balance due from the company, Carham Limited, was £229,500 (2023 - £221,500).
Mr G Sewell is a director and shareholder of Carham Limited.
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