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 SC638364 Mr Christopher Parkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC638364 2023-08-31 SC638364 2024-08-31 SC638364 2023-09-01 2024-08-31 SC638364 frs-core:CurrentFinancialInstruments 2024-08-31 SC638364 frs-core:ComputerEquipment 2024-08-31 SC638364 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC638364 frs-core:ComputerEquipment 2023-08-31 SC638364 frs-core:ShareCapital 2024-08-31 SC638364 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC638364 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC638364 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC638364 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC638364 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC638364 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC638364 frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC638364 frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC638364 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC638364 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC638364 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC638364 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC638364 frs-bus:Director1 2023-09-01 2024-08-31 SC638364 frs-core:CurrentFinancialInstruments 1 2024-08-31 SC638364 frs-countries:Scotland 2023-09-01 2024-08-31 SC638364 2022-08-31 SC638364 2023-08-31 SC638364 2022-09-01 2023-08-31 SC638364 frs-core:CurrentFinancialInstruments 2023-08-31 SC638364 frs-core:ShareCapital 2023-08-31 SC638364 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC638364 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: SC638364
CGP Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Almond Valley Accounting Limited
CIMA
Suite 14 Ellismuir House Ellismuir Way
Uddingston
Glasgow
G71 5PW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC638364
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,188 1,328
Investments 5 15,000 15,000
18,188 16,328
CURRENT ASSETS
Debtors 6 62,273 13,593
Cash at bank and in hand 10,228 33,777
72,501 47,370
Creditors: Amounts Falling Due Within One Year 7 (53,729 ) (50,551 )
NET CURRENT ASSETS (LIABILITIES) 18,772 (3,181 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,960 13,147
NET ASSETS 36,960 13,147
CAPITAL AND RESERVES
Called up share capital 8 30 30
Profit and Loss Account 36,930 13,117
SHAREHOLDERS' FUNDS 36,960 13,147
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Parkins
Director
28/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
CGP Enterprises Limited is a private company, limited by shares, incorporated in Scotland, registered number SC638364 . The registered office is 2/1, 46 Darnley Road, Glasgow, G41 4NE.
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:
Computer Equipment 20% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 1,972
Additions 2,450
As at 31 August 2024 4,422
Depreciation
As at 1 September 2023 644
Provided during the period 590
As at 31 August 2024 1,234
Net Book Value
As at 31 August 2024 3,188
As at 1 September 2023 1,328
5. Investments
Unlisted
£
Cost
As at 1 September 2023 15,000
As at 31 August 2024 15,000
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 15,000
As at 1 September 2023 15,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 8,173 5,000
Other debtors 2,500 2,500
Intercompany 51,600 6,000
Net wages - 93
62,273 13,593
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 18,733 22,134
Corporation tax 30,275 19,334
Other taxes and social security 2,510 4,956
Accruals and deferred income 1,800 1,710
Director's loan account 411 2,418
53,729 50,551
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 30
Page 4