Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04519415 Mrs Jennifer Roberts Mr David Roberts Mrs Jennifer Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04519415 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-08-31 04519415 2023-08-31 04519415 2024-08-31 04519415 2023-09-01 2024-08-31 04519415 frs-core:CurrentFinancialInstruments 2024-08-31 04519415 frs-core:Non-currentFinancialInstruments 2024-08-31 04519415 frs-core:WithinOneYear 2024-08-31 04519415 frs-core:ShareCapital 2024-08-31 04519415 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04519415 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04519415 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04519415 frs-bus:SmallEntities 2023-09-01 2024-08-31 04519415 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04519415 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04519415 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04519415 frs-bus:OrdinaryShareClass1 2024-08-31 04519415 frs-core:DeferredTaxation 2023-08-31 04519415 frs-core:DeferredTaxation 2024-08-31 04519415 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 04519415 frs-bus:Director1 2023-09-01 2024-08-31 04519415 frs-bus:Director2 2023-09-01 2024-08-31 04519415 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04519415 frs-countries:EnglandWales 2023-09-01 2024-08-31 04519415 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 04519415 2022-08-31 04519415 2023-08-31 04519415 2022-09-01 2023-08-31 04519415 frs-core:CurrentFinancialInstruments 2023-08-31 04519415 frs-core:Non-currentFinancialInstruments 2023-08-31 04519415 frs-core:BetweenOneFiveYears 2023-08-31 04519415 frs-core:WithinOneYear 2023-08-31 04519415 frs-core:ShareCapital 2023-08-31 04519415 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04519415 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 04519415 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: 04519415
Cross Guns Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04519415
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 990,000 990,000
990,000 990,000
CURRENT ASSETS
Debtors 5 - 86,250
Cash at bank and in hand 6,751 27,821
6,751 114,071
Creditors: Amounts Falling Due Within One Year 6 (139,831 ) (79,160 )
NET CURRENT ASSETS (LIABILITIES) (133,080 ) 34,911
TOTAL ASSETS LESS CURRENT LIABILITIES 856,920 1,024,911
Creditors: Amounts Falling Due After More Than One Year 7 (118,536 ) (136,802 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (84,581 ) (84,581 )
NET ASSETS 653,803 803,528
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 427,073 427,073
Profit and Loss Account 226,728 376,453
SHAREHOLDERS' FUNDS 653,803 803,528
Page 1
Page 2
For the year ending 31 August 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
Mrs Jennifer Roberts
Director
9 January 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
Cross Guns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04519415 . The registered office is Pure Offices Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN.
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 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 stated net of value added tax and represents the amount received and receivable in respect of the provision of services which fall within the company's ordinary activities.
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss statement.
The fair value of the investment property is considered annually by the directors in the light of known movements and trends in the property market and taking account of the directors' knowledge and experience of the market place for such a property.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 990,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 86,250
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 206 233
Bank loans and overdrafts 18,375 17,671
Other creditors 121,250 57,226
Taxation and social security - 4,030
139,831 79,160
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 118,536 136,802
Amounts falling due in more than five years:
2024 2023
£ £
Bank loans 48,644 64,724
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8. Secured Creditors
The bank loan is secured by a fixed and floating charge over all of the company's assets.
The following secured debts are included within creditors:
2024 2023
£ £
Bank loans and overdrafts 123,169 136,102
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2023 84,581 84,581
Balance at 31 August 2024 84,581 84,581
The provision for deferred taxation is made up of accelerated capital allowances and changes in fair value of investment property.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 1,680 4,032
Later than one year and not later than five years - 1,680
1,680 5,712
12. Related Party Transactions
During the year, total dividends of £68,000 (2023: £6,000) were paid to the directors.
Mr & Mrs Roberts, directors, control the company by virtue of their shareholding.
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