Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 30 November 2022 false 1 January 2024 31 December 2024 31 December 2024 01348352 Mrs Donna Abbott Mr Michael Abbott MD Abbotts Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01348352 2023-12-31 01348352 2024-12-31 01348352 2024-01-01 2024-12-31 01348352 frs-core:CurrentFinancialInstruments 2024-12-31 01348352 frs-core:Non-currentFinancialInstruments 2024-12-31 01348352 frs-core:ComputerEquipment 2024-12-31 01348352 frs-core:ComputerEquipment 2024-01-01 2024-12-31 01348352 frs-core:ComputerEquipment 2023-12-31 01348352 frs-core:FurnitureFittings 2024-12-31 01348352 frs-core:FurnitureFittings 2024-01-01 2024-12-31 01348352 frs-core:FurnitureFittings 2023-12-31 01348352 frs-core:NetGoodwill 2024-12-31 01348352 frs-core:NetGoodwill 2024-01-01 2024-12-31 01348352 frs-core:NetGoodwill 2023-12-31 01348352 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01348352 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01348352 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01348352 frs-core:MotorVehicles 2024-12-31 01348352 frs-core:MotorVehicles 2024-01-01 2024-12-31 01348352 frs-core:MotorVehicles 2023-12-31 01348352 frs-core:PlantMachinery 2024-12-31 01348352 frs-core:PlantMachinery 2024-01-01 2024-12-31 01348352 frs-core:PlantMachinery 2023-12-31 01348352 frs-core:CapitalRedemptionReserve 2024-12-31 01348352 frs-core:ShareCapital 2024-12-31 01348352 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01348352 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01348352 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01348352 frs-bus:SmallEntities 2024-01-01 2024-12-31 01348352 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01348352 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01348352 1 2024-01-01 2024-12-31 01348352 frs-core:CostValuation 2023-12-31 01348352 frs-core:CostValuation 2024-12-31 01348352 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 01348352 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 01348352 frs-bus:Director1 2024-01-01 2024-12-31 01348352 frs-bus:Director2 2024-01-01 2024-12-31 01348352 frs-countries:EnglandWales 2024-01-01 2024-12-31 01348352 2022-11-29 01348352 2023-12-31 01348352 2022-11-30 2023-12-31 01348352 frs-core:CurrentFinancialInstruments 2023-12-31 01348352 frs-core:Non-currentFinancialInstruments 2023-12-31 01348352 frs-core:CapitalRedemptionReserve 2023-12-31 01348352 frs-core:ShareCapital 2023-12-31 01348352 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01348352
C.H.S. (AMUSEMENTS) LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01348352
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 136,803 194,291
Tangible Assets 5 3,496,224 3,656,839
Investments 6 9,798 9,798
3,642,825 3,860,928
CURRENT ASSETS
Stocks 7 98,519 81,840
Debtors 8 824,397 551,909
Cash at bank and in hand 366,395 126,776
1,289,311 760,525
Creditors: Amounts Falling Due Within One Year 9 (268,820 ) (244,808 )
NET CURRENT ASSETS (LIABILITIES) 1,020,491 515,717
TOTAL ASSETS LESS CURRENT LIABILITIES 4,663,316 4,376,645
Creditors: Amounts Falling Due After More Than One Year 10 (547,314 ) (547,314 )
NET ASSETS 4,116,002 3,829,331
CAPITAL AND RESERVES
Called up share capital 11 100 100
Capital redemption reserve 100 100
Profit and Loss Account 4,115,802 3,829,131
SHAREHOLDERS' FUNDS 4,116,002 3,829,331
Page 1
Page 2
For the year ending 31 December 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 Michael Abbott
Director
02/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C.H.S. (AMUSEMENTS) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01348352 . The registered office is PETTITTS CHURCH ROAD, REEDHAM, NORWICH, NORFOLK, NR13 3UA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 1000 years staright line
Plant & Machinery 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 18 (2023: 14)
18 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 685,550
As at 31 December 2024 685,550
Amortisation
As at 1 January 2024 491,259
Provided during the period 57,488
As at 31 December 2024 548,747
Net Book Value
As at 31 December 2024 136,803
As at 1 January 2024 194,291
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 January 2024 2,784,833 1,400,681 27,740 393,363
Additions - 112,585 - 5,650
Disposals - (19,000 ) (27,740 ) -
Revaluation (34,177 ) - - -
As at 31 December 2024 2,750,656 1,494,266 - 399,013
Depreciation
As at 1 January 2024 25,055 646,960 6,935 275,044
Provided during the period 3,000 170,221 - 30,992
Disposals - - (6,935 ) -
As at 31 December 2024 28,055 817,181 - 306,036
Net Book Value
As at 31 December 2024 2,722,601 677,085 - 92,977
As at 1 January 2024 2,759,778 753,721 20,805 118,319
Page 4
Page 5
Computer Equipment Total
£ £
Cost or Valuation
As at 1 January 2024 14,643 4,621,260
Additions 532 118,767
Disposals - (46,740 )
Revaluation - (34,177 )
As at 31 December 2024 15,175 4,659,110
Depreciation
As at 1 January 2024 10,427 964,421
Provided during the period 1,187 205,400
Disposals - (6,935 )
As at 31 December 2024 11,614 1,162,886
Net Book Value
As at 31 December 2024 3,561 3,496,224
As at 1 January 2024 4,216 3,656,839
6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 9,798
As at 31 December 2024 9,798
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 9,798
As at 1 January 2024 9,798
7. Stocks
31 December 2024 31 December 2023
£ £
Stock 98,519 81,840
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Page 6
8. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors - 1,032
Amounts owed by group undertakings 302,000 519,000
Other debtors 3,397 31,877
305,397 551,909
Due after more than one year
Amounts owed by group undertakings 519,000 -
824,397 551,909
9. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 108,382 96,442
Amounts owed to group undertakings 50,000 -
Other creditors - 23,195
Taxation and social security 110,438 125,171
268,820 244,808
10. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Other creditors 547,314 547,314
11. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
12. Ultimate Controlling Party
The company's ultimate controlling party is MD Abbotts Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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