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 02721903 Mr V Kara Mr D Kara Mr S Kara Mr J Vekaria Mrs J Kara iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02721903 2023-06-30 02721903 2024-06-30 02721903 2023-07-01 2024-06-30 02721903 frs-core:CurrentFinancialInstruments 2024-06-30 02721903 frs-core:Non-currentFinancialInstruments 2024-06-30 02721903 frs-core:FurnitureFittings 2024-06-30 02721903 frs-core:FurnitureFittings 2023-07-01 2024-06-30 02721903 frs-core:FurnitureFittings 2023-06-30 02721903 frs-core:MotorVehicles 2023-07-01 2024-06-30 02721903 frs-core:PlantMachinery 2024-06-30 02721903 frs-core:PlantMachinery 2023-07-01 2024-06-30 02721903 frs-core:PlantMachinery 2023-06-30 02721903 frs-core:ShareCapital 2024-06-30 02721903 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02721903 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02721903 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02721903 frs-bus:SmallEntities 2023-07-01 2024-06-30 02721903 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02721903 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02721903 frs-core:CostValuation 2023-06-30 02721903 frs-core:AdditionsToInvestments 2024-06-30 02721903 frs-core:CostValuation 2024-06-30 02721903 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 02721903 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 02721903 frs-bus:Director1 2023-07-01 2024-06-30 02721903 frs-bus:Director2 2023-07-01 2024-06-30 02721903 frs-bus:Director3 2023-07-01 2024-06-30 02721903 frs-bus:Director4 2023-07-01 2024-06-30 02721903 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02721903 frs-countries:EnglandWales 2023-07-01 2024-06-30 02721903 2022-06-30 02721903 2023-06-30 02721903 2022-07-01 2023-06-30 02721903 frs-core:CurrentFinancialInstruments 2023-06-30 02721903 frs-core:Non-currentFinancialInstruments 2023-06-30 02721903 frs-core:ShareCapital 2023-06-30 02721903 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02721903
Cricklewood Timber And Building Supplies Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02721903
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 377,912 133,868
Investments 5 8 -
377,920 133,868
CURRENT ASSETS
Stocks 2,461,668 1,996,594
Debtors 6 1,657,386 1,383,172
Cash at bank and in hand 99,438 91,144
4,218,492 3,470,910
Creditors: Amounts Falling Due Within One Year 7 (4,132,554 ) (3,338,051 )
NET CURRENT ASSETS (LIABILITIES) 85,938 132,859
TOTAL ASSETS LESS CURRENT LIABILITIES 463,858 266,727
Creditors: Amounts Falling Due After More Than One Year 8 (242,606 ) (63,764 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,138 ) (26,200 )
NET ASSETS 184,114 176,763
CAPITAL AND RESERVES
Called up share capital 9 10 2
Profit and Loss Account 184,104 176,761
SHAREHOLDERS' FUNDS 184,114 176,763
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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 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 D Kara
Director
20/02/2025
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
Cricklewood Timber And Building Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02721903 . The registered office is 14a Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF.

The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point of sale or at the point that the customer has signed for the delivery of the goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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% on cost
Motor Vehicles 15% on cost
Fixtures & Fittings at varying rates on cost
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual value of the assets. The useful economic lives and residual value are reassessed annually. They are amended when necessary to reflect current estimates, future investments and the physical condition of the assets.
2.4. 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.
2.5. 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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
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.
2.8. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairments.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 11)
14 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 406,761 473,138 879,899
Additions 307,113 - 307,113
As at 30 June 2024 713,874 473,138 1,187,012
...CONTINUED
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Depreciation
As at 1 July 2023 273,641 472,390 746,031
Provided during the period 62,321 748 63,069
As at 30 June 2024 335,962 473,138 809,100
Net Book Value
As at 30 June 2024 377,912 - 377,912
As at 1 July 2023 133,120 748 133,868
5. Investments
Other
£
Cost
As at 1 July 2023 -
Additions 8
As at 30 June 2024 8
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 8
As at 1 July 2023 -
Other investments represents shares in subsidiary undertakings.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,986 823,599
Amounts owed by group undertakings 1,450,925 -
Other debtors 103,475 559,573
1,657,386 1,383,172
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 76,146 26,697
Trade creditors 1,173,713 864,025
Bank loans and overdrafts 10,649 10,649
Amounts owed to group undertakings 36,911 -
Other creditors 2,494,009 2,203,988
Taxation and social security 341,126 232,692
4,132,554 3,338,051
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 231,655 42,842
Bank loans 10,951 20,922
242,606 63,764
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 2
On 5 June 2024, the company subdivided its shares into 2,000 shares of £0.001 each and on 7 June 2024 the company issued a further 8,000 shares of £0.001 in exchange for the shares in Weatherwell Limited, Builders Emporium Limited, Jak Profiles Limited and MK Tiles Limited.
10. Related Party Transactions
At 30 June 2024, the company owed £815,356 (2024 - £833,387) to Kara Properties, a business in which V Kara is a partner. At 30 June 2024, the company owed £1,625,787 (2023 - £1,251,515) to V Kara, the director. 
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