Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC709551 Mr Christopher Brown Mrs Leeanne Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC709551 2023-09-30 SC709551 2024-09-30 SC709551 2023-10-01 2024-09-30 SC709551 frs-core:CurrentFinancialInstruments 2024-09-30 SC709551 frs-core:ComputerEquipment 2024-09-30 SC709551 frs-core:ComputerEquipment 2023-10-01 2024-09-30 SC709551 frs-core:ComputerEquipment 2023-09-30 SC709551 frs-core:MotorVehicles 2024-09-30 SC709551 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC709551 frs-core:MotorVehicles 2023-09-30 SC709551 frs-core:PlantMachinery 2024-09-30 SC709551 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC709551 frs-core:PlantMachinery 2023-09-30 SC709551 frs-core:ShareCapital 2024-09-30 SC709551 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC709551 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC709551 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC709551 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC709551 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC709551 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC709551 frs-bus:Director1 2023-10-01 2024-09-30 SC709551 frs-bus:Director2 2023-10-01 2024-09-30 SC709551 frs-countries:Scotland 2023-10-01 2024-09-30 SC709551 2022-09-30 SC709551 2023-09-30 SC709551 2022-10-01 2023-09-30 SC709551 frs-core:CurrentFinancialInstruments 2023-09-30 SC709551 frs-core:ShareCapital 2023-09-30 SC709551 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC709551
Cengfab Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC709551
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,814 99,368
141,814 99,368
CURRENT ASSETS
Stocks 5 27,539 21,912
Debtors 6 53,744 37,326
Cash at bank and in hand 16,215 27,694
97,498 86,932
Creditors: Amounts Falling Due Within One Year 7 (95,518 ) (111,180 )
NET CURRENT ASSETS (LIABILITIES) 1,980 (24,248 )
TOTAL ASSETS LESS CURRENT LIABILITIES 143,794 75,120
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,454 ) (16,882 )
NET ASSETS 108,340 58,238
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 108,240 58,138
SHAREHOLDERS' FUNDS 108,340 58,238
Page 1
Page 2
For the year ending 30 September 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 Brown
Director
08/04/2025
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
Cengfab Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC709551 . The registered office is Bank House, Seaforth Street, Fraserburgh, Aberdeenshire, AB43 9BB.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% 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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 86,880 40,699 - 127,579
Additions 61,125 9,500 748 71,373
Disposals - (5,250 ) - (5,250 )
As at 30 September 2024 148,005 44,949 748 193,702
Depreciation
As at 1 October 2023 23,217 4,994 - 28,211
Provided during the period 15,072 9,695 113 24,880
Disposals - (1,203 ) - (1,203 )
As at 30 September 2024 38,289 13,486 113 51,888
Net Book Value
As at 30 September 2024 109,716 31,463 635 141,814
As at 1 October 2023 63,663 35,705 - 99,368
5. Stocks
2024 2023
£ £
Materials 2,000 2,950
Work in progress 25,539 18,962
27,539 21,912
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,274 37,326
Prepayments and accrued income 470 -
53,744 37,326
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,347 16,020
Corporation tax 8,821 -
Other taxes and social security 903 61
VAT 9,044 7,547
Pension Creditor 242 -
Accruals 1,435 1,099
Directors' loan accounts 31,726 86,453
95,518 111,180
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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