Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04994959 Mr RUSSELL CROWTHER iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04994959 2023-12-31 04994959 2024-12-31 04994959 2024-01-01 2024-12-31 04994959 frs-core:CurrentFinancialInstruments 2024-12-31 04994959 frs-core:ComputerEquipment 2024-12-31 04994959 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04994959 frs-core:ComputerEquipment 2023-12-31 04994959 frs-core:FurnitureFittings 2024-12-31 04994959 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04994959 frs-core:FurnitureFittings 2023-12-31 04994959 frs-core:MotorVehicles 2024-12-31 04994959 frs-core:MotorVehicles 2024-01-01 2024-12-31 04994959 frs-core:MotorVehicles 2023-12-31 04994959 frs-core:PlantMachinery 2024-12-31 04994959 frs-core:PlantMachinery 2024-01-01 2024-12-31 04994959 frs-core:PlantMachinery 2023-12-31 04994959 frs-core:RevaluationReserve 2023-12-31 04994959 frs-core:RevaluationReserve 2024-12-31 04994959 frs-core:ShareCapital 2024-12-31 04994959 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04994959 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04994959 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04994959 frs-bus:SmallEntities 2024-01-01 2024-12-31 04994959 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04994959 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04994959 frs-core:CostValuation 2023-12-31 04994959 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 04994959 frs-core:CostValuation 2024-12-31 04994959 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04994959 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04994959 frs-core:UnlistedNon-exchangeTraded 2024-12-31 04994959 frs-core:UnlistedNon-exchangeTraded 2023-12-31 04994959 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 04994959 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04994959 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 04994959 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04994959 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04994959 frs-bus:Director1 2024-01-01 2024-12-31 04994959 frs-countries:EnglandWales 2024-01-01 2024-12-31 04994959 2022-12-31 04994959 2023-12-31 04994959 2023-01-01 2023-12-31 04994959 frs-core:CurrentFinancialInstruments 2023-12-31 04994959 frs-core:RevaluationReserve 2023-12-31 04994959 frs-core:ShareCapital 2023-12-31 04994959 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04994959
Crowther Creative Products Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Sothertons Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04994959
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,790 54,523
Investments 5 80,879 107,379
120,669 161,902
CURRENT ASSETS
Stocks 6 7,400 47,000
Debtors 7 225,291 408,758
Cash at bank and in hand 318,368 351,413
551,059 807,171
Creditors: Amounts Falling Due Within One Year 8 (59,283 ) (99,661 )
NET CURRENT ASSETS (LIABILITIES) 491,776 707,510
TOTAL ASSETS LESS CURRENT LIABILITIES 612,445 869,412
NET ASSETS 612,445 869,412
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 (48,791 ) (22,291 )
Profit and Loss Account 660,236 890,703
SHAREHOLDERS' FUNDS 612,445 869,412
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 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 RUSSELL CROWTHER
Director
13/05/2025
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
Crowther Creative Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04994959 . The registered office is UNIT 1 CAPEL CLOSE, LEACON ROAD, ASHFORD, KENT, TN23 4GY.
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 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
Computer Equipment 18%
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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 9)
6 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 106,999 10,401 70,786 38,555 226,741
Additions - - - 1,002 1,002
Disposals (7,000 ) - - - (7,000 )
As at 31 December 2024 99,999 10,401 70,786 39,557 220,743
Depreciation
As at 1 January 2024 77,592 9,438 54,571 30,617 172,218
Provided during the period 4,033 174 2,919 1,609 8,735
As at 31 December 2024 81,625 9,612 57,490 32,226 180,953
Net Book Value
As at 31 December 2024 18,374 789 13,296 7,331 39,790
As at 1 January 2024 29,407 963 16,215 7,938 54,523
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2024 2,379 105,000 107,379
Revaluations - (26,500 ) (26,500 )
As at 31 December 2024 2,379 78,500 80,879
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 2,379 78,500 80,879
As at 1 January 2024 2,379 105,000 107,379
6. Stocks
2024 2023
£ £
Materials 7,400 47,000
Page 3
Page 4
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 103,265 253,429
Other debtors 54,026 87,329
157,291 340,758
Due after more than one year
Amounts owed by participating interests 68,000 68,000
225,291 408,758
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,695 54,846
Bank loans and overdrafts 732 -
Other creditors 6,553 1,116
Taxation and social security 17,303 43,699
59,283 99,661
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 (22,291 )
Deficit on revaluation (26,500)
As at 31 December 2024 (48,791 )
Page 4