| Registered number |
| Controlaccount Ltd | ||
| Report and accounts | ||
| Contents | ||
| Page | ||
| Company information | 1 | |
| Directors' report | 2 | |
| Strategic report | 4 | |
| Independent auditors' report | 6 | |
| Income statement | 9 | |
| Statement of financial position | 10 | |
| Statement of changes in equity | 11 | |
| Statement of cash flows | 12 | |
| Notes to the financial statements | 13 | |
| Company Information |
| Directors |
| Secretary |
| Auditors |
| No4 Castle Court 2 |
| Castlegate Way |
| Dudley |
| West Midlands |
| DY1 4RH |
| Registered office |
| Compass House Waterside |
| Hanbury Road |
| Bromsgrove |
| Worcestershire |
| B60 4FD |
| Registered number |
| Registered number: | |||||||
| Directors' Report | |||||||
| The directors present their report and financial statements for the year ended |
|||||||
| Principal activities | |||||||
| ● | Credit Control | ||||||
| ● | Complaint Management | ||||||
| ● | Customer Service Support | ||||||
| ● | Back-Office Administration & Data Services | ||||||
| ● | Credit Information and Investigation (via the "identico" brand) | ||||||
| ● | Cloud-Based Systems Development, notably HARP (HR & Payroll platform | ||||||
| These services are delivered as either integrated packages or modular solutions, enabling clients to improve operational efficiency and reduce costs. | |||||||
| Dividends | |||||||
| No dividends were declared or paid in the year on the Ordinary shares. | |||||||
| Directors | |||||||
| The following persons served as directors during the year: | |||||||
| Directors' responsibilities | |||||||
| The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations. | |||||||
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: | |||||||
| ● | select suitable accounting policies and then apply them consistently; | ||||||
| ● | make judgements and estimates that are reasonable and prudent; | ||||||
| ● | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; | ||||||
| ● | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. | ||||||
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. | |||||||
| Auditor | |||||||
| In accordance with the company's articles a resolution proposing that CK Audit be reappointed as auditor of the company will be put at a General Meeting. | |||||||
| Disclosure of information to auditors | |||||||
| Each person who was a director at the time this report was approved confirms that: | |||||||
| ● | so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and | ||||||
| ● | he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information. | ||||||
| This report was approved by the board on |
|||||||
| D Harvey | |||||||
| Director | |||||||
| Strategic Report | ||
| The directors present their strategic report for the year ending 31 December 2024. | ||
| Review of the business | ||
| Overview: While 2024 presented ongoing market instability, trading conditions steadily improved throughout the year, culminating in a more stable environment by Q4 Notably: • Sales and profits increased, despite persistent macroeconomic challenges • Operational consistency improved, with backlog issues in account administration returning to normal • Q1 2025 trading met forecasts, indicating continued recovery and business resilience |
||
| Key Highlights: • Executed millions of back-office actions across multiple client portfolios • Delivered enhanced automation and customer resolution systems • Continued to develop proprietary cloud platforms (CogendaWorks, HARP, identeco) • Strengthened internal productivity and cash flow through risk analysis and process improvements |
||
| Achievements and Innovations | ||
| · Cloud Software Development: Ongoing investment in CogendaWorks, HARP, and identeco platforms enabled greater integration, automation, and scalability | ||
| · Service Quality: Maintained ISO certifications for Quality Assurance and Information Security | ||
| · Innovation: Software development remains a cornerstone of the growth strategy, helping to quickly adapt to client needs and emerging technologies | ||
| Employee Ownership Model | ||
| Since transitioning to employee ownership in 2022, the business has observed: • Greater employee engagement • Stronger organisational culture • More active participation through management dialogue and quarterly newsletters |
||
| Future Outlook | ||
| The Directors are satisfied with the company's performance as reported in the financial statements. We are optimistic and focused on | ||
| • Sustainable revenue growth • Client satisfaction • Continued operational improvements • European market expansion • Maximising the use of technology to meet evolving customer demands |
||
| With trading conditions stabilising and internal capabilities maturing, the business is well-positioned for continued growth and service enhancement in 2025 and beyond. | ||
| Principal risks and uncertainties | ||
| Economic climate | ||
| • Inflation and wage pressure remained challenging, but demand for cost-effective services stayed strong • Successful contract retenders and new wins provided a secure base for future forecasting |
||
| Liquidity Risk | ||
| • The business retains sufficient current assets to meet obligations and support continued operations | ||
| Retention of key people | ||
| • While attrition rates remain low for long-term staff, early-stage turnover is higher in specific roles • Focus remains on targeted recruitment, training, and employee development |
||
| Competitor activity | ||
| Operating in a crowded and competitive market, differentiation hinges on: • Software-led efficiency • Feature-rich service platforms • External systems provided to support services • Strong governance and adherence to regulation • client-specific, value-driven solutions |
||
| Key performance indicators | ||
| KPI tracking underpins quality delivery and financial control. Notably: • A 17% increase in earnings per productive employee was reported (YoY), reflecting improved trading conditions • KPIs help manage output consistency, process improvement, and service quality |
||
| Summary | ||
| 2024 was defined by resilience and strategic innovation. The company demonstrated: • Effective response to economic and operational challenges • Strengthening of internal systems and service delivery • Strong alignment between workforce, technology, and client needs Positioned for sustainable growth, the company enters 2025 with a clear strategic direction, competitive edge, and a motivated, invested workforce. |
||
| This report was approved by the board on 27 May 2025 and signed on its behalf. | ||
| D Harvey | ||
| Independent auditors' report | ||
| to the members of Controlaccount Ltd | ||
| Opinion | ||
| We have audited the financial statements of Controlaccount Ltd(the 'company) for the year ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). | ||
| In our opinion the accounts: | ||
| ● | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended; | |
| ● | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and | |
| ● | have been prepared in accordance with the requirements of the Companies Act 2006. | |
| Basis for opinion | ||
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. | ||
| Conclusions relating to going concern | ||
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. | ||
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. | ||
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. | ||
| Other information | ||
| The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and , except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. | ||
| Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this or other information, we are required to report that fact. | ||
| We have nothing to report in this regard. | ||
| Opinions on other matters prescribed by the Companies Act 2006 | ||
| In our opinion, based on the work undertaken in the course of our audit: | ||
| ● | the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and | |
| ● | the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements. | |
| Matters on which we are required to report by exception | ||
| In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report. | ||
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: | ||
| ● | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or | |
| ● | the financial statements are not in agreement with the accounting records and returns; or | |
| ● | certain disclosures of directors’ remuneration specified by law are not made; or | |
| ● | we have not received all the information and explanations we require for our audit. | |
| Responsibilities of directors | ||
| As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. | ||
| In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. | ||
| Auditor’s responsibilities for the audit of the financial statements | ||
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. | ||
| Extent to which the audit was considered capable of detecting irregularities, including fraud | ||
| The extent to which our procedures are capable of detecting Irregularities, including fraud, is detailed below. | ||
| We identified and assessed the risks of material misstatement of the financial statements, in respect of irregularities whether due to fraud or error, or non compliance with laws and regulations and then designed and performed audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. | ||
| In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: | ||
| We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company by discussion and enquiry with the directors and management team and our general knowledge and experience of the debt collection industry. | ||
| We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, employment, and health and safety legislation; | ||
| We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing correspondence with relevant regulators | ||
| Audit responses to risks identified | ||
| We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed included but were not limited to: | ||
| - | Discussions with directors and management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; | |
| - | Confirming our understanding of controls by performing a walk through test or observation and enquiry; | |
| - | Performing analytical procedures to identify any unusual or unexpected relationships; | |
| - | Challenging assumptions and judgements made by management in accounting for collections in progress at the year end, including estimation of success rate; | |
| - | Identifying and testing journal entries; | |
| - | Reviewing unusual or unexpected transactions; and | |
| - | Agreeing the financial statement disclosures to underlying supporting documentation. | |
| Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. | ||
| Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. | ||
| A further description of our responsibilities is available on the Financial Reporting Council's website at https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. | ||
| Use of our report | ||
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. | ||
| (Senior Statutory Auditor) | No4 Castle Court 2 | |
| for and on behalf of | Castlegate Way | |
| Dudley | ||
| Accountants and Statutory Auditors | West Midlands | |
| DY1 4RH | ||
| Income Statement | ||||||||
| for the year ended |
||||||||
| Notes | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Turnover | 2 | |||||||
| Cost of sales | ( |
( |
||||||
| Gross profit | ||||||||
| Administrative expenses | ( |
( |
||||||
| Operating profit | 3 | |||||||
| Interest receivable | ||||||||
| Interest payable | 6 | ( |
( |
|||||
| Profit on ordinary activities before taxation | ||||||||
| Tax on profit on ordinary activities | 7 | ( |
( |
|||||
| Total comprehensive income for the financial year | ||||||||
| The income statement has been prepared on the basis of all operations continuing. | ||||||||
| The notes form part of these financial statements | ||||||||
| Registered number: | 02765607 | |||||||
| Statement of Financial Position | ||||||||
| as at |
||||||||
| Notes | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Fixed assets | ||||||||
| Intangible assets | 8 | |||||||
| Tangible assets | 9 | |||||||
| Current assets | ||||||||
| Stocks | 10 | |||||||
| Debtors | 11 | |||||||
| Cash at bank and in hand | ||||||||
| Creditors: amounts falling due within one year | 12 | ( |
( |
|||||
| Net current assets | ||||||||
| Total assets less current liabilities | ||||||||
| Creditors: amounts falling due after more than one year | 13 | ( |
( |
|||||
| Provisions for liabilities | ||||||||
| Deferred taxation | 15 | ( |
( |
|||||
| Net assets | ||||||||
| Capital and reserves | ||||||||
| Called up share capital | 16 | |||||||
| Profit and loss account | 17 | |||||||
| Total equity | ||||||||
| D Harvey | ||||||||
| Director | ||||||||
| Approved by the board on |
||||||||
| The notes form part of these financial statements | ||||||||
| These financial statements have been prepared in accordance with the provisions relating to medium-sized companies. | ||||||||
| Statement of Changes in Equity | ||||||
| for the year ended |
||||||
| Share | Profit | Total | ||||
| capital | and loss | |||||
| account | ||||||
| £ | £ | £ | ||||
| At 1 January 2023 | ||||||
| Profit for the financial year | 1,365,315 | 1,365,315 | ||||
| At 31 December 2023 | 50,000 | 4,935,989 | 4,985,989 | |||
| At 1 January 2024 | ||||||
| Profit for the financial year | ||||||
| At 31 December 2024 | ||||||
| Statement of Cash Flows | ||||||
| for the year ended |
||||||
| Notes | 2024 | 2023 | ||||
| £ | £ | |||||
| Operating activities | ||||||
| Profit for the financial year | 1,551,845 | 1,365,315 | ||||
| Adjustments for: | ||||||
| Interest receivable | (16,253) | (15,688) | ||||
| Interest payable | 4,373 | 5,028 | ||||
| Tax on profit on ordinary activities | 308,419 | 141,554 | ||||
| Depreciation | 30,919 | 51,404 | ||||
| Amortisation of intangibles | 4,801 | 6,664 | ||||
| Increase in stocks | (261,626) | (326,204) | ||||
| Increase in debtors | (1,267,959) | (633,164) | ||||
| (Decrease)/increase in creditors | (282,840) | 6,171 | ||||
| Interest received | ||||||
| Interest paid | ( |
( |
||||
| Corporation tax paid | ( |
( |
||||
| Cash (used in)/generated by operating activities | ( |
|||||
| Investing activities | ||||||
| Payments to acquire intangible fixed assets | ( |
( |
||||
| Payments to acquire tangible fixed assets | ( |
( |
||||
| Proceeds from sale of intangible fixed assets | - | |||||
| Proceeds from sale of tangible fixed assets | ( |
- | ||||
| Cash used in investing activities | ( |
( |
||||
| Financing activities | ||||||
| Capital element of finance lease payments | ( |
( |
||||
| Cash used in financing activities | ( |
( |
||||
| Net cash used | ||||||
| Cash (used in)/generated by operating activities | ( |
|||||
| Cash used in investing activities | ( |
( |
||||
| Cash used in financing activities | ( |
( |
||||
| Net cash used | ( |
( |
||||
| Cash and cash equivalents at 1 January | 1,656,845 | 1,733,622 | ||||
| Cash and cash equivalents at 31 December | 1,328,211 | 1,656,845 | ||||
| Cash and cash equivalents comprise: | ||||||
| Cash at bank | ||||||
| Controlaccount Ltd | |||||||||||
| Notes to the Accounts | |||||||||||
| for the year ended 31 December 2024 | |||||||||||
| 1 | Summary of significant accounting policies | ||||||||||
| Basis of preparation | |||||||||||
| Turnover | |||||||||||
| Intangible fixed assets | |||||||||||
| Tangible fixed assets | |||||||||||
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: | |||||||||||
| Computer equipment | over 4,5,7 and 10 years straight line | ||||||||||
| Fixtures and fittings | over 4,5,and 7 years straight line | ||||||||||
| Work in progress | |||||||||||
| Judgements and key sources of estimation uncertainty | |||||||||||
| In preparing work in progress reports management use estimates to assess the likelihood of recovering cost outlaid during the year, held against uncompleted work at the year end. All such estimates are rigorously assessed and tested using extensive KPI reporting metrics within the business which include but are not limited to sector performance data, customer performance data, process success rates, the performance of legal providers and other external contractors. All KPI analysis is current and any change in performance is considered within all key estimates used. | |||||||||||
| Taxation | |||||||||||
| Foreign currency translation | |||||||||||
At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| Leased assets | |||||||||||
| Pensions | |||||||||||
| 2 | Analysis of turnover | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Services rendered | |||||||||||
| By geographical market: | |||||||||||
| UK | |||||||||||
| Europe | |||||||||||
| Rest of world | |||||||||||
| The turnover and profit for the year has been derived from its principal activities. | |||||||||||
| 3 | Operating profit | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| This is stated after charging: | |||||||||||
| Depreciation of owned fixed assets | |||||||||||
| Depreciation of assets held under finance leases and hire purchase contracts | |||||||||||
| Amortisation of intangible assets | |||||||||||
| Operating lease rentals - plant and machinery | |||||||||||
| Operating lease rentals - land and buildings | |||||||||||
| Auditors' remuneration for audit services | |||||||||||
| 4 | Directors' emoluments | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Emoluments | |||||||||||
| Company contributions to defined contribution pension plans | |||||||||||
| Highest paid director: | |||||||||||
| Emoluments | |||||||||||
| Company contributions to defined contribution pension plans | |||||||||||
| Number of directors to whom retirement benefits accrued: | 2024 | 2023 | |||||||||
| Number | Number | ||||||||||
| Defined contribution plans | |||||||||||
| 5 | Staff costs | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Wages and salaries | |||||||||||
| Social security costs | |||||||||||
| Other pension costs | |||||||||||
| Average number of employees during the year | Number | Number | |||||||||
| Administration | |||||||||||
| Collectors | |||||||||||
| 6 | Interest payable | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Other loans | |||||||||||
| 7 | Taxation | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Analysis of charge in period | |||||||||||
| Current tax: | |||||||||||
| UK corporation tax on profits of the period | |||||||||||
| Adjustments in respect of previous periods | - | ( |
|||||||||
| Deferred tax: | |||||||||||
| Origination and reversal of timing differences | |||||||||||
| Tax on profit on ordinary activities | |||||||||||
| Factors affecting tax charge for period | |||||||||||
| The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows: | |||||||||||
| 2024 | 2023 | ||||||||||
| £ | £ | ||||||||||
| Profit on ordinary activities before tax | |||||||||||
| £ | £ | ||||||||||
| Profit on ordinary activities multiplied by the standard rate of corporation tax | |||||||||||
| Effects of: | |||||||||||
| Expenses not deductible for tax purposes and intergroup surrender | ( |
( |
|||||||||
| Enhanced research and development | ( |
( |
|||||||||
| Capital allowances for period in excess of depreciation | ( |
( |
|||||||||
| Adjustments to tax charge in respect of previous periods | - | ( |
|||||||||
| Current tax charge for period | |||||||||||
| Factors that may affect future tax charges | |||||||||||
| 8 | Intangible fixed assets | £ | |||||||||
| P R Branding | |||||||||||
| Cost | |||||||||||
| At 1 January 2024 | |||||||||||
| Additions | |||||||||||
| At 31 December 2024 | |||||||||||
| Amortisation | |||||||||||
| At 1 January 2024 | |||||||||||
| Provided during the year | |||||||||||
| Transfers from tangibles | |||||||||||
| At 31 December 2024 | |||||||||||
| Carrying amount | |||||||||||
| At 31 December 2024 | |||||||||||
| At 31 December 2023 | |||||||||||
| PR Branding is written off over periods of 4 and 10 years | |||||||||||
| 9 | Tangible fixed assets | ||||||||||
| Computer Equipment | Fixtures and fittings | Total | |||||||||
| £ | £ | £ | |||||||||
| Cost | |||||||||||
| At 1 January 2024 | |||||||||||
| Additions | |||||||||||
| At 31 December 2024 | |||||||||||
| Depreciation | |||||||||||
| At 1 January 2024 | |||||||||||
| Charge for the year | |||||||||||
| Transfers from Intangibles | ( |
- | ( |
||||||||
| At 31 December 2024 | |||||||||||
| Carrying amount | |||||||||||
| At 31 December 2024 | |||||||||||
| At 31 December 2023 | |||||||||||
| 2024 | 2023 | ||||||||||
| £ | £ | ||||||||||
| Carrying value of plant and machinery included above held under finance leases and hire purchase contracts | |||||||||||
| 10 | Stocks | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Work in progress | |||||||||||
| 11 | Debtors | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Trade debtors | |||||||||||
| Amounts owed by group undertakings | |||||||||||
| Prepayments and accrued income | |||||||||||
| 12 | Creditors: amounts falling due within one year | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Obligations under finance lease and hire purchase contracts | |||||||||||
| Trade creditors | |||||||||||
| Client ledger | |||||||||||
| Corporation tax | |||||||||||
| Other taxes and social security costs | |||||||||||
| Accruals and deferred income | |||||||||||
| 13 | Creditors: amounts falling due after one year | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Obligations under finance lease and hire purchase contracts | |||||||||||
| 14 | Obligations under finance leases and hire purchase | 2024 | 2023 | ||||||||
| contracts | £ | £ | |||||||||
| Amounts payable: | |||||||||||
| Within one year | |||||||||||
| Within two to five years | |||||||||||
| 15 | Deferred taxation | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| Accelerated capital allowances | |||||||||||
| 2024 | 2023 | ||||||||||
| £ | £ | ||||||||||
| At 1 January | |||||||||||
| Charged to the profit and loss account | |||||||||||
| At 31 December | |||||||||||
| 16 | Share capital | Nominal | 2024 | 2024 | 2023 | ||||||
| value | Number | £ | £ | ||||||||
| Allotted, called up and fully paid: | |||||||||||
| £ |
|||||||||||
| 17 | Profit and loss account | 2024 | 2023 | ||||||||
| £ | £ | ||||||||||
| At 1 January | |||||||||||
| Profit for the financial year | |||||||||||
| At 31 December | |||||||||||
| 18 | Defined contribution pension plans | ||||||||||
| 19 | Other financial commitments | ||||||||||
| Total future minimum lease payments under non-cancellable operating leases: | |||||||||||
| Land and buildings | Land and buildings | Other | Other | ||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||
| £ | £ | £ | £ | ||||||||
| Falling due: | |||||||||||
| within one year | |||||||||||
| within two to five years | - | ||||||||||
| 20 | Analysis of changes in net debt | ||||||||||
| At 1 January | Cash flows | Other non cash changes | At 31 December | ||||||||
| 2024 | 2024 | ||||||||||
| £ | £ | £ | £ | ||||||||
| Cash and cash equivalents | |||||||||||
| Cash | 1,656,845 | (328,634) | 1,328,211 | ||||||||
| Borrowings | |||||||||||
| Debt due within one year | (20,802) | 12,425 | (8,377) | ||||||||
| Debt due after one year | (13,337) | 8,484 | (4,853) | ||||||||
| (34,139) | 20,909 | - | (13,230) | ||||||||
| Total | 1,622,706 | (307,725) | - | 1,314,981 | |||||||
| 21 | Related party transactions | ||||||||||
| G Ball who is a director was also a trustee of The New Victoria Hospital. | |||||||||||
| Turnover £19,745 | |||||||||||
| Year end Debtor £16,313 | |||||||||||
| D Harvey who is a director is also a shareholder and director of Alloygator Ltd | |||||||||||
| Turnover £2958 | |||||||||||
| Year end Debtor £360 | |||||||||||
| 22 | Controlling party | ||||||||||
| 23 | Presentation currency | ||||||||||
| 24 | Legal form of entity and country of incorporation | ||||||||||
| Controlaccount Ltd is a private company limited by shares and incorporated in England. | |||||||||||
| 25 | Principal place of business | ||||||||||
| The address of the company's principal place of business and registered office is: | |||||||||||
| Compass House Waterside | |||||||||||
| Hanbury Road | |||||||||||
| Bromsgrove | |||||||||||
| Worcestershire | |||||||||||
| B60 4FD | |||||||||||