Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12072984 Mr Christopher Colby Mrs Gemma Colby true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12072984 2023-06-30 12072984 2024-06-30 12072984 2023-07-01 2024-06-30 12072984 frs-core:CurrentFinancialInstruments 2024-06-30 12072984 frs-core:Non-currentFinancialInstruments 2024-06-30 12072984 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 12072984 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 12072984 frs-core:ShareCapital 2024-06-30 12072984 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12072984 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12072984 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12072984 frs-bus:SmallEntities 2023-07-01 2024-06-30 12072984 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12072984 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12072984 1 2023-07-01 2024-06-30 12072984 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 12072984 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 12072984 frs-core:CostValuation 2023-06-30 12072984 frs-core:CostValuation 2024-06-30 12072984 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 12072984 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 12072984 frs-bus:Director1 2023-07-01 2024-06-30 12072984 frs-bus:Director2 2023-07-01 2024-06-30 12072984 frs-countries:EnglandWales 2023-07-01 2024-06-30 12072984 2022-06-30 12072984 2023-06-30 12072984 2022-07-01 2023-06-30 12072984 frs-core:CurrentFinancialInstruments 2023-06-30 12072984 frs-core:Non-currentFinancialInstruments 2023-06-30 12072984 frs-core:ShareCapital 2023-06-30 12072984 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12072984 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 12072984
Colby Investments Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12072984
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215,950 215,950
Investments 5 78,000 78,000
293,950 293,950
CURRENT ASSETS
Debtors 6 35,510 35,810
Cash at bank and in hand 1,527 936
37,037 36,746
Creditors: Amounts Falling Due Within One Year 7 (251,925 ) (247,463 )
NET CURRENT ASSETS (LIABILITIES) (214,888 ) (210,717 )
TOTAL ASSETS LESS CURRENT LIABILITIES 79,062 83,233
Creditors: Amounts Falling Due After More Than One Year 8 (151,349 ) (151,587 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,142 ) (2,142 )
NET LIABILITIES (74,429 ) (70,496 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 9,133 9,133
Profit and Loss Account (83,564 ) (79,631 )
SHAREHOLDERS' FUNDS (74,429) (70,496)
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
Mr Christopher Colby
Director
05/03/2025
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
Colby Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12072984 . The registered office is Croft House Croft Lane, Roade, Northampton, Northamptonshire, NN7 2QZ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 July 2023 215,950
As at 30 June 2024 215,950
Net Book Value
As at 30 June 2024 215,950
As at 1 July 2023 215,950
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Page 4
5. Investments
Other
£
Cost
As at 1 July 2023 78,000
As at 30 June 2024 78,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 78,000
As at 1 July 2023 78,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 35,510 35,510
Other taxes and social security - 300
35,510 35,810
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 16,000 16,000
Directors' loan accounts 235,925 231,463
251,925 247,463
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 151,349 151,587
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 149,053 148,911
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4
Page 5
11. Reserves
Fair Value Reserve
£
As at 1 July 2023 9,133
As at 30 June 2024 9,133
12. Ultimate Controlling Party
There is no company's ultimate controlling party due to equal number of issued share capital in the company.
Page 5