Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05753668 Mr Clint Johnson Mrs Joanne Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05753668 2023-03-31 05753668 2024-03-31 05753668 2023-04-01 2024-03-31 05753668 frs-core:CurrentFinancialInstruments 2024-03-31 05753668 frs-core:Non-currentFinancialInstruments 2024-03-31 05753668 frs-core:BetweenOneFiveYears 2024-03-31 05753668 frs-core:ComputerEquipment 2024-03-31 05753668 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05753668 frs-core:ComputerEquipment 2023-03-31 05753668 frs-core:FurnitureFittings 2024-03-31 05753668 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05753668 frs-core:FurnitureFittings 2023-03-31 05753668 frs-core:MotorVehicles 2024-03-31 05753668 frs-core:MotorVehicles 2023-04-01 2024-03-31 05753668 frs-core:MotorVehicles 2023-03-31 05753668 frs-core:PlantMachinery 2024-03-31 05753668 frs-core:PlantMachinery 2023-04-01 2024-03-31 05753668 frs-core:PlantMachinery 2023-03-31 05753668 frs-core:ShareCapital 2024-03-31 05753668 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05753668 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05753668 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05753668 frs-bus:SmallEntities 2023-04-01 2024-03-31 05753668 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05753668 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05753668 frs-bus:Director1 2023-04-01 2024-03-31 05753668 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05753668 frs-countries:EnglandWales 2023-04-01 2024-03-31 05753668 2022-03-31 05753668 2023-03-31 05753668 2022-04-01 2023-03-31 05753668 frs-core:CurrentFinancialInstruments 2023-03-31 05753668 frs-core:Non-currentFinancialInstruments 2023-03-31 05753668 frs-core:BetweenOneFiveYears 2023-03-31 05753668 frs-core:ShareCapital 2023-03-31 05753668 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05753668
Control Freaks Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05753668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,598 -
36,598 -
CURRENT ASSETS
Stocks 5 379,697 387,000
Debtors 6 230,164 203,384
Cash at bank and in hand 12,890 28,212
622,751 618,596
Creditors: Amounts Falling Due Within One Year 7 (356,514 ) (234,043 )
NET CURRENT ASSETS (LIABILITIES) 266,237 384,553
TOTAL ASSETS LESS CURRENT LIABILITIES 302,835 384,553
Creditors: Amounts Falling Due After More Than One Year 8 (244,260 ) (357,141 )
NET ASSETS 58,575 27,412
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 57,575 26,412
SHAREHOLDERS' FUNDS 58,575 27,412
Page 1
Page 2
For the year ending 31 March 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 Clint Johnson
Director
31/03/2025
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
Control Freaks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05753668 . The registered office is Unit 27 Fleet Road Industrial Estate, Fleet, Holbeach, Spalding, PE12 8LY.
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
In preparation of the financial statements, we have concluded that the directors use of going concern basis of accounting in the preparation of the financial statements is appropiate.
Based on the work performed, there has been no material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for the period of at least 12 months from when the financial statements are authorised for issue.
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. 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% Reduced Balance
Motor Vehicles 20% Straight Line
Fixtures & Fittings 15% Reduced Balance
Computer Equipment 15% Reduced Balance
2.5. 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.
2.6. 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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2.7. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 11 (2023: 5)
11 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2023 11,622 55,094 - 1,519 68,235
Additions 1,183 25,922 358 254 27,717
Revaluation - 8,587 - - 8,587
As at 31 March 2024 12,805 89,603 358 1,773 104,539
Depreciation
As at 1 April 2023 11,622 55,094 - 1,519 68,235
Provided during the period 178 18,934 54 38 19,204
Disposals - (19,498 ) - - (19,498 )
As at 31 March 2024 11,800 54,530 54 1,557 67,941
Net Book Value
As at 31 March 2024 1,005 35,073 304 216 36,598
As at 1 April 2023 - - - - -
5. Stocks
2024 2023
£ £
Stock 379,697 387,000
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 230,164 167,878
Other debtors - 35,506
230,164 203,384
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 204,034 192,565
Other creditors 96,137 8,152
Taxation and social security 56,343 33,326
356,514 234,043
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,385 72,075
Bank loans 67,174 105,168
Other creditors 125,701 179,898
244,260 357,141
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 51,385 72,075
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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