Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2023 1 April 2022 false 1 April 2023 30 March 2024 30 March 2024 09343427 Neil Everatt Adam Bamford Natalie Bamford Deborah Saunby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09343427 2023-03-31 09343427 2024-03-30 09343427 2023-04-01 2024-03-30 09343427 frs-core:CurrentFinancialInstruments 2024-03-30 09343427 frs-core:Non-currentFinancialInstruments 2024-03-30 09343427 frs-core:ComputerEquipment 2024-03-30 09343427 frs-core:ComputerEquipment 2023-04-01 2024-03-30 09343427 frs-core:ComputerEquipment 2023-03-31 09343427 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-30 09343427 frs-core:FurnitureFittings 2024-03-30 09343427 frs-core:FurnitureFittings 2023-04-01 2024-03-30 09343427 frs-core:FurnitureFittings 2023-03-31 09343427 frs-core:MotorVehicles 2024-03-30 09343427 frs-core:MotorVehicles 2023-04-01 2024-03-30 09343427 frs-core:MotorVehicles 2023-03-31 09343427 frs-core:OtherResidualIntangibleAssets 2024-03-30 09343427 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-30 09343427 frs-core:OtherResidualIntangibleAssets 2023-03-31 09343427 frs-core:PlantMachinery 2024-03-30 09343427 frs-core:PlantMachinery 2023-04-01 2024-03-30 09343427 frs-core:PlantMachinery 2023-03-31 09343427 frs-core:WithinOneYear 2024-03-30 09343427 frs-core:ShareCapital 2024-03-30 09343427 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 09343427 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 09343427 frs-bus:FilletedAccounts 2023-04-01 2024-03-30 09343427 frs-bus:SmallEntities 2023-04-01 2024-03-30 09343427 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 09343427 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 09343427 frs-bus:Director1 2023-04-01 2024-03-30 09343427 frs-bus:Director1 2023-03-31 09343427 frs-bus:Director1 2024-03-30 09343427 frs-bus:Director2 2023-04-01 2024-03-30 09343427 frs-bus:Director3 2023-04-01 2024-03-30 09343427 frs-bus:Director3 2023-03-31 09343427 frs-bus:Director3 2024-03-30 09343427 frs-bus:Director4 2023-04-01 2024-03-30 09343427 frs-countries:EnglandWales 2023-04-01 2024-03-30 09343427 2022-03-31 09343427 2023-03-31 09343427 2022-04-01 2023-03-31 09343427 frs-core:CurrentFinancialInstruments 2023-03-31 09343427 frs-core:Non-currentFinancialInstruments 2023-03-31 09343427 frs-core:WithinOneYear 2023-03-31 09343427 frs-core:ShareCapital 2023-03-31 09343427 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09343427
Colleague Box Limited
Unaudited Financial Statements
For The Year Ended 30 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09343427
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 - 1,250
Tangible Assets 4 24,133 36,010
24,133 37,260
CURRENT ASSETS
Stocks 5 16,000 30,000
Debtors 6 52,542 87,710
Cash at bank and in hand 16,451 5,672
84,993 123,382
Creditors: Amounts Falling Due Within One Year 7 (174,928 ) (225,107 )
NET CURRENT ASSETS (LIABILITIES) (89,935 ) (101,725 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,802 ) (64,465 )
Creditors: Amounts Falling Due After More Than One Year 8 (21,413 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,243 ) (6,243 )
NET LIABILITIES (93,458 ) (70,708 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (93,558 ) (70,808 )
SHAREHOLDERS' FUNDS (93,458) (70,708)
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For the year ending 30 March 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
Adam Bamford
Director
6 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 March 2024 (2023: year ended 31 March 2023).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Going Concern Disclosure
At the balance sheet date, the company has a net current liability position. At the time of signing these accounts, the directors have considered all available information and consider that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these accounts.
On that basis, the directors have prepared these financial statements on a going concern basis.
1.3. 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. Turnover is reduced for estimated customer returns.
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.
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website development costs which are amortised to the profit and loss account over its estimated economic life of 3 years.
1.5. 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 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 20% straight line
1.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
1.7. Stocks and Work in Progress
Stocks 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.
1.8. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, creditors and bank loans.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
1.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 5)
3 5
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3. Intangible Assets
Other
£
Cost
As at 1 April 2023 4,500
As at 30 March 2024 4,500
Amortisation
As at 1 April 2023 3,250
Provided during the period 1,250
As at 30 March 2024 4,500
Net Book Value
As at 30 March 2024 -
As at 1 April 2023 1,250
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 33,474 12,300 6,940 4,939 57,653
Additions 5,111 - 200 329 5,640
Disposals (10,500 ) - - - (10,500 )
As at 30 March 2024 28,085 12,300 7,140 5,268 52,793
Depreciation
As at 1 April 2023 9,595 7,688 2,287 2,073 21,643
Provided during the period 8,875 3,075 1,063 1,004 14,017
Disposals (7,000 ) - - - (7,000 )
As at 30 March 2024 11,470 10,763 3,350 3,077 28,660
Net Book Value
As at 30 March 2024 16,615 1,537 3,790 2,191 24,133
As at 1 April 2023 23,879 4,612 4,653 2,866 36,010
5. Stocks
2024 2023
£ £
Finished goods 16,000 30,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,509 44,963
Prepayments and accrued income 6,656 6,656
Other debtors 4,697 4,697
Corporation tax recoverable assets - 17,476
Directors' loan accounts 26,680 13,918
52,542 87,710
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,973
Trade creditors 28,590 51,618
Other loans 32,757 79,547
Corporation tax 4,697 4,697
Other taxes and social security 40,852 46,904
VAT 37,901 16,348
Other creditors 393 15,520
Directors' loan accounts 29,738 7,500
174,928 225,107
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 21,413 -
21,413 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year - 2,973
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 30 March 2024
£ £ £ £ £
Mr Adam Bamford 5,725 28,830 (53,793 ) - (19,238 )
Mrs Natalie Bamford 8,193 28,962 (10,475 ) - 26,680
The above loan is unsecured, interest free and repayable on demand.
12. General Information
Colleague Box Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09343427 . The registered office is 17 Northedge, Alfreton Road, Derby, DE21 4BN.
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