Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03620407 Mr T A Colbourne Mrs J Colbourne Mr R T Colbourne Ms M J Kerley Mrs J Colbourne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03620407 2023-08-31 03620407 2024-08-31 03620407 2023-09-01 2024-08-31 03620407 frs-core:Non-currentFinancialInstruments 2024-08-31 03620407 frs-core:CapitalRedemptionReserve 2024-08-31 03620407 frs-core:ShareCapital 2024-08-31 03620407 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03620407 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03620407 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 03620407 frs-bus:SmallEntities 2023-09-01 2024-08-31 03620407 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03620407 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03620407 frs-core:CostValuation 2023-08-31 03620407 frs-core:AdditionsToInvestments 2024-08-31 03620407 frs-core:DisposalsRepaymentsInvestments 2024-08-31 03620407 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2024-08-31 03620407 frs-core:CostValuation 2024-08-31 03620407 frs-bus:Director1 2023-09-01 2024-08-31 03620407 frs-bus:Director1 2023-08-31 03620407 frs-bus:Director1 2024-08-31 03620407 frs-bus:Director2 2023-09-01 2024-08-31 03620407 frs-bus:Director2 2023-08-31 03620407 frs-bus:Director2 2024-08-31 03620407 frs-bus:Director3 2023-09-01 2024-08-31 03620407 frs-bus:Director4 2023-09-01 2024-08-31 03620407 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03620407 frs-countries:EnglandWales 2023-09-01 2024-08-31 03620407 2022-08-31 03620407 2023-08-31 03620407 2022-09-01 2023-08-31 03620407 frs-core:Non-currentFinancialInstruments 2023-08-31 03620407 frs-core:CapitalRedemptionReserve 2023-08-31 03620407 frs-core:ShareCapital 2023-08-31 03620407 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03620407
COLMOT Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
MJK Accountants Ltd
Unit 9 Barnack Business Centre Blakey Road
Salisbury
Wiltshire
SP1 2LP
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 03620407
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,332,366 2,746,052
2,332,366 2,746,052
CURRENT ASSETS
Debtors 5 797,110 797,937
Cash at bank and in hand 880,126 1,003,017
1,677,236 1,800,954
Creditors: Amounts Falling Due Within One Year (3,821 ) (130,967 )
NET CURRENT ASSETS (LIABILITIES) 1,673,415 1,669,987
TOTAL ASSETS LESS CURRENT LIABILITIES 4,005,781 4,416,039
PROVISIONS FOR LIABILITIES
Deferred Taxation (231,137 ) (346,251 )
NET ASSETS 3,774,644 4,069,788
CAPITAL AND RESERVES
Called up share capital 6 3,010 3,010
Capital redemption reserve 39 39
Income Statement 3,771,595 4,066,739
SHAREHOLDERS' FUNDS 3,774,644 4,069,788
Page 1
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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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr T A Colbourne
Director
30/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
COLMOT Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03620407 . The registered office is 9 Barnack Business Centre, Blakey Road, Salisbury, SP1 2LP.
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. 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.
2.3. Investments
Listed investments are valued at their market value at the Statement of Financial Postion date. Any change in their fair value between the previous year end and acquisition, as applicable, are recognised in profit and loss.
Unlisted investments are valued at their estimated realisable value. Any change in their fair value between the previous year end and acquisition, as applicable, are recognised in profit and loss. 
3. Average Number of Employees
Average number of employees, including directors, during the year was 3 (2023: 2)
3 2
4. Investments
Total
£
Cost
As at 1 September 2023 2,746,052
Additions 54,724
Disposals (7,954 )
Fair value adjustments (460,456 )
As at 31 August 2024 2,332,366
Provision
As at 1 September 2023 -
As at 31 August 2024 -
...CONTINUED
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Page 4
Net Book Value
As at 31 August 2024 2,332,366
As at 1 September 2023 2,746,052
5. Debtors
2024 2023
£ £
Due after more than one year
Corporation tax recoverable assets 198,884 198,884
Directors loan account 598,226 598,226
797,110 797,110
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,010 3,010
7. Contingent Liabilities
The company is subject to a claim regarding a construction contract, completed some years previously, which included materials highlighted as not fit for purpose following the Grenville Tower fire and subsequent enquiry. 
The company is refuting this claim and has engaged legal professionals to act on it's behalf. At this stage it is impossible to quantify the value of the claim and the likely outcome.
8. Directors Advances, Credits and Guarantees
Included within Debtors due after one year are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Thomas Colbourne 356,877 - - - 356,877
Mrs Julie Colbourne 241,349 - - - 241,349
The above loans are unsecured and not due for repayment within the next 5 years. Interest, at the HMRC official rate, of £13,497 was charged and paid during the year (2023: £1,929).
9. Related Party Transactions
The company owns shares in T A Colbourne Projects Ltd, a company controlled by Mr T Colbourne (director). During the year ended 31 August 2023 a sale agreement was signed for the repurchase of these shares over a period of 4 years. The first tranche, representing 25% of the holding, was concluded within that year. To date the second two tranches, due in December 2023 and 2024, have not been completed due to trading losses and cashflow restrictions. To be prudent the valuation of the holding has been subject to impairment to reflect doubts on the completion of the agreement.
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