Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 March 2024 30 March 2024 04414095 Mr Colin Davies Mr Christopher Marchant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04414095 2023-03-31 04414095 2024-03-30 04414095 2023-04-01 2024-03-30 04414095 frs-core:CurrentFinancialInstruments 2024-03-30 04414095 frs-core:Non-currentFinancialInstruments 2024-03-30 04414095 frs-core:ComputerEquipment 2024-03-30 04414095 frs-core:ComputerEquipment 2023-04-01 2024-03-30 04414095 frs-core:ComputerEquipment 2023-03-31 04414095 frs-core:FurnitureFittings 2024-03-30 04414095 frs-core:FurnitureFittings 2023-04-01 2024-03-30 04414095 frs-core:FurnitureFittings 2023-03-31 04414095 frs-core:MotorVehicles 2024-03-30 04414095 frs-core:MotorVehicles 2023-04-01 2024-03-30 04414095 frs-core:MotorVehicles 2023-03-31 04414095 frs-core:PlantMachinery 2024-03-30 04414095 frs-core:PlantMachinery 2023-04-01 2024-03-30 04414095 frs-core:PlantMachinery 2023-03-31 04414095 frs-core:ShareCapital 2024-03-30 04414095 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 04414095 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 04414095 frs-bus:FilletedAccounts 2023-04-01 2024-03-30 04414095 frs-bus:SmallEntities 2023-04-01 2024-03-30 04414095 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 04414095 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 04414095 frs-bus:Director1 2023-04-01 2024-03-30 04414095 frs-bus:Director2 2023-04-01 2024-03-30 04414095 frs-core:CurrentFinancialInstruments 2 2024-03-30 04414095 frs-countries:EnglandWales 2023-04-01 2024-03-30 04414095 2022-03-31 04414095 2023-03-31 04414095 2022-04-01 2023-03-31 04414095 frs-core:CurrentFinancialInstruments 2023-03-31 04414095 frs-core:Non-currentFinancialInstruments 2023-03-31 04414095 frs-core:ShareCapital 2023-03-31 04414095 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04414095 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 04414095
Citadel U.K. Limited
Financial Statements
For The Year Ended 30 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04414095
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,154 39,404
59,154 39,404
CURRENT ASSETS
Stocks 5 12,500 22,980
Debtors 6 88,809 178,965
Cash at bank and in hand 67,925 83,853
169,234 285,798
Creditors: Amounts Falling Due Within One Year 7 (143,585 ) (226,531 )
NET CURRENT ASSETS (LIABILITIES) 25,649 59,267
TOTAL ASSETS LESS CURRENT LIABILITIES 84,803 98,671
Creditors: Amounts Falling Due After More Than One Year 8 (11,153 ) (18,757 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,928 ) (7,136 )
NET ASSETS 63,722 72,778
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account 63,618 72,674
SHAREHOLDERS' FUNDS 63,722 72,778
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For the year ending 30 March 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 Marchant
Director
13 March 2025
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
Citadel U.K. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04414095 . The registered office is 75 Cheddleton Park Avenue, Cheddleton, Leek, ST13 7NS.
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. 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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 15,948 59,228 426 10,171 85,773
Additions - 47,491 - - 47,491
Disposals - (32,130 ) - - (32,130 )
As at 30 March 2024 15,948 74,589 426 10,171 101,134
Depreciation
As at 1 April 2023 12,121 25,511 380 8,357 46,369
Provided during the period 575 20,304 7 272 21,158
Disposals - (25,547 ) - - (25,547 )
As at 30 March 2024 12,696 20,268 387 8,629 41,980
Net Book Value
As at 30 March 2024 3,252 54,321 39 1,542 59,154
As at 1 April 2023 3,827 33,717 46 1,814 39,404
5. Stocks
2024 2023
£ £
Stock 12,500 22,980
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,481 138,913
Prepayments and accrued income 38 457
Other debtors 450 450
Other taxes and social security 1,765 -
Directors' loan accounts 11,075 39,145
88,809 178,965
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,581 122,695
Bank loans and overdrafts 8,400 8,400
Corporation tax 27,111 38,829
Other taxes and social security - 1,747
VAT 36,927 45,145
Other creditors 10,052 7,315
Pension control 369 -
Accruals and deferred income 3,145 2,400
143,585 226,531
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,153 18,757
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
10. Related Party Transactions
At the balance sheet date, the amount owed to the company by the director through the directors loan account was £11,075 (2023: £39,145).
The directors loan accounts are unsecured, interest free and was repaid within nine months of the year end. 
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