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 03102060 Mr M E Redwood true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03102060 2023-06-30 03102060 2024-06-30 03102060 2023-07-01 2024-06-30 03102060 frs-core:CurrentFinancialInstruments 2024-06-30 03102060 frs-core:FurnitureFittings 2024-06-30 03102060 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03102060 frs-core:FurnitureFittings 2023-06-30 03102060 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 03102060 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03102060 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 03102060 frs-core:MotorVehicles 2024-06-30 03102060 frs-core:MotorVehicles 2023-07-01 2024-06-30 03102060 frs-core:MotorVehicles 2023-06-30 03102060 frs-core:PlantMachinery 2024-06-30 03102060 frs-core:PlantMachinery 2023-07-01 2024-06-30 03102060 frs-core:PlantMachinery 2023-06-30 03102060 frs-core:RevaluationReserve 2024-06-30 03102060 frs-core:ShareCapital 2024-06-30 03102060 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03102060 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03102060 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03102060 frs-bus:SmallEntities 2023-07-01 2024-06-30 03102060 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03102060 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03102060 1 2023-07-01 2024-06-30 03102060 frs-bus:Director1 2023-07-01 2024-06-30 03102060 frs-countries:EnglandWales 2023-07-01 2024-06-30 03102060 2022-06-30 03102060 2023-06-30 03102060 2022-07-01 2023-06-30 03102060 frs-core:CurrentFinancialInstruments 2023-06-30 03102060 frs-core:RevaluationReserve 2023-06-30 03102060 frs-core:ShareCapital 2023-06-30 03102060 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03102060
Ceratex Engineering Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03102060
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,853,073 1,703,630
1,853,073 1,703,630
CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 339,521 304,215
Cash at bank and in hand 859,559 891,250
1,209,080 1,205,465
Creditors: Amounts Falling Due Within One Year 6 (375,787 ) (351,980 )
NET CURRENT ASSETS (LIABILITIES) 833,293 853,485
TOTAL ASSETS LESS CURRENT LIABILITIES 2,686,366 2,557,115
PROVISIONS FOR LIABILITIES
Deferred Taxation (129,740 ) (92,929 )
NET ASSETS 2,556,626 2,464,186
CAPITAL AND RESERVES
Called up share capital 34,035 34,035
Revaluation reserve 624,346 648,594
Income Statement 1,898,245 1,781,557
SHAREHOLDERS' FUNDS 2,556,626 2,464,186
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr M E Redwood
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ceratex Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03102060 . The registered office is Berefield House, Rushley Lane, High Ham, Langport, Somerset, TA10 9DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax.
Turnover is invoiced and recognised on completion of the work undertaken.
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 Nil
Plant & Machinery 15% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
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. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transactions price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.

2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.


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2.8. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.

2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 July 2023 1,616,361 619,159 34,495 8,084 2,278,099
Additions 120,000 43,958 - 2,822 166,780
As at 30 June 2024 1,736,361 663,117 34,495 10,906 2,444,879
Depreciation
As at 1 July 2023 - 535,427 32,594 6,448 574,469
Provided during the period - 16,193 475 669 17,337
As at 30 June 2024 - 551,620 33,069 7,117 591,806
Net Book Value
As at 30 June 2024 1,736,361 111,497 1,426 3,789 1,853,073
As at 1 July 2023 1,616,361 83,732 1,901 1,636 1,703,630
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 240,861 199,576
Prepayments and accrued income 5,060 3,839
Other debtors 93,600 100,800
339,521 304,215
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,088 2,475
Corporation tax 39,871 32,566
Other taxes and social security 801 3,743
VAT 11,433 11,344
Other creditors 110,000 80,997
Accruals and deferred income 77,640 51,090
Director's loan account 126,954 169,765
375,787 351,980
7. Pension Commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,022 (2023 - £4,337).
Contributions totalling £nil (2023 - £997) were payable to the fund at the year end, and are included in creditors: amount falling due within one year.
8. Related Party Transactions
During the year, dividends of £24,500 (2023 - £40,000) were paid to the directors.
Included in creditors: amounts falling due within one year, is a directors loan account balance of £126,954 (2023 - £169,765) owing to Mr M E Redwood.
The loan is interest free and repayable on demand.
9. Ultimate Controlling Party
The company is under the control of Mr M E Redwood who is interested in 100% of the company's issued share capital.
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