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 05105586 Mr Terry Callaway Ms Margaret Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05105586 2023-06-30 05105586 2024-06-30 05105586 2023-07-01 2024-06-30 05105586 frs-core:CurrentFinancialInstruments 2024-06-30 05105586 frs-core:ComputerEquipment 2024-06-30 05105586 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05105586 frs-core:ComputerEquipment 2023-06-30 05105586 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05105586 frs-core:NetGoodwill 2024-06-30 05105586 frs-core:NetGoodwill 2023-07-01 2024-06-30 05105586 frs-core:NetGoodwill 2023-06-30 05105586 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 05105586 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 05105586 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05105586 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 05105586 frs-core:MotorVehicles 2024-06-30 05105586 frs-core:MotorVehicles 2023-07-01 2024-06-30 05105586 frs-core:MotorVehicles 2023-06-30 05105586 frs-core:ShareCapital 2024-06-30 05105586 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05105586 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05105586 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05105586 frs-bus:SmallEntities 2023-07-01 2024-06-30 05105586 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05105586 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05105586 frs-bus:Director1 2023-07-01 2024-06-30 05105586 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05105586 frs-countries:EnglandWales 2023-07-01 2024-06-30 05105586 2022-06-30 05105586 2023-06-30 05105586 2022-07-01 2023-06-30 05105586 frs-core:CurrentFinancialInstruments 2023-06-30 05105586 frs-core:ShareCapital 2023-06-30 05105586 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05105586
Copycare Office Equipment Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Simpson Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05105586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 6,000
Tangible Assets 5 60,549 73,617
60,549 79,617
CURRENT ASSETS
Stocks 6 43,480 37,461
Debtors 7 47,900 101,948
Cash at bank and in hand 689,708 587,428
781,088 726,837
Creditors: Amounts Falling Due Within One Year 8 (130,841 ) (160,887 )
NET CURRENT ASSETS (LIABILITIES) 650,247 565,950
TOTAL ASSETS LESS CURRENT LIABILITIES 710,796 645,567
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,856 ) (4,319 )
NET ASSETS 707,940 641,248
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 707,840 641,148
SHAREHOLDERS' FUNDS 707,940 641,248
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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 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 Profit and Loss Account.
On behalf of the board
Mr Terry Callaway
Director
04/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Copycare Office Equipment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05105586 . The registered office is Unit 2j Sharp Road, Poole, Dorset, BH12 4BG.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 5 Year Sraight Line
Leasehold
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 120,000
As at 30 June 2024 120,000
Amortisation
As at 1 July 2023 114,000
Provided during the period 6,000
As at 30 June 2024 120,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 6,000
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5. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 75,145 43,214 39,320 157,679
Additions - - 1,165 1,165
As at 30 June 2024 75,145 43,214 40,485 158,844
Depreciation
As at 1 July 2023 33,191 28,621 22,250 84,062
Provided during the period 3,757 3,649 6,827 14,233
As at 30 June 2024 36,948 32,270 29,077 98,295
Net Book Value
As at 30 June 2024 38,197 10,944 11,408 60,549
As at 1 July 2023 41,954 14,593 17,070 73,617
6. Stocks
2024 2023
£ £
Materials 43,480 37,461
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,968 78,787
Other debtors 20,932 23,161
47,900 101,948
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,919 91,761
Bank loans and overdrafts - 238
Other creditors 3,893 13,418
Taxation and social security 88,029 55,470
130,841 160,887
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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