Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI642834 Mr Philip Rex Morrow Mr Hertford Clarke Arnold true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI642834 2023-12-31 NI642834 2024-12-31 NI642834 2024-01-01 2024-12-31 NI642834 frs-core:CurrentFinancialInstruments 2024-12-31 NI642834 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 NI642834 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 NI642834 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 NI642834 frs-core:PlantMachinery 2024-12-31 NI642834 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI642834 frs-core:PlantMachinery 2023-12-31 NI642834 frs-core:ShareCapital 2024-12-31 NI642834 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI642834 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI642834 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI642834 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI642834 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI642834 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI642834 1 2024-01-01 2024-12-31 NI642834 frs-bus:Director1 2024-01-01 2024-12-31 NI642834 frs-bus:Director2 2024-01-01 2024-12-31 NI642834 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI642834 2022-12-31 NI642834 2023-12-31 NI642834 2023-01-01 2023-12-31 NI642834 frs-core:CurrentFinancialInstruments 2023-12-31 NI642834 frs-core:ShareCapital 2023-12-31 NI642834 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI642834
Cottage Dessert Products Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI642834
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,000 58,000
Tangible Assets 5 9,741 -
55,741 58,000
CURRENT ASSETS
Stocks 410,742 436,279
Debtors 6 298,785 332,320
Cash at bank and in hand 80 646
709,607 769,245
Creditors: Amounts Falling Due Within One Year 7 (1,834,838 ) (2,094,741 )
NET CURRENT ASSETS (LIABILITIES) (1,125,231 ) (1,325,496 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,069,490 ) (1,267,496 )
NET LIABILITIES (1,069,490 ) (1,267,496 )
CAPITAL AND RESERVES
Called up share capital 8 4,500 4,500
Profit and Loss Account (1,073,990 ) (1,271,996 )
SHAREHOLDERS' FUNDS (1,069,490) (1,267,496)
Page 1
Page 2
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 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
Mr Philip Rex Morrow
Director
4 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cottage Dessert Products Ltd (formerly Cottage Desserts Ltd) is a private company, limited by shares, incorporated in Northern Ireland. The company's registered number is NI642834. The registered office address of the company is Rathdown Road Lissue Industrial Estate, Moira Road, Lisburn, Co. Antrim BT28 2RE. The financial statements have been presented in Pounds Sterling (£) which is also the functional currency of the company.
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. Going Concern Disclosure
Although the company is currently operating at a loss and the balance sheet shows a deficit, the Directors feel that given the continued support of other companies which are under common control, the Company will continue to trade. The Directors have indicated that the support from companies under common control will continue.
2.3. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life. No amortisation has been provided for in the year of acquisition.
2.5. 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 20% on cost
2.6. Leasing and Hire Purchase Contracts
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.7. 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 items.
2.8. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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2.9. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.10. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 54 (2023: 54)
54 54
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 90,000
As at 31 December 2024 90,000
Amortisation
As at 1 January 2024 32,000
Impairment losses 12,000
As at 31 December 2024 44,000
Net Book Value
As at 31 December 2024 46,000
As at 1 January 2024 58,000
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5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 -
Additions 10,531
As at 31 December 2024 10,531
Depreciation
As at 1 January 2024 -
Provided during the period 790
As at 31 December 2024 790
Net Book Value
As at 31 December 2024 9,741
As at 1 January 2024 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 168,198 216,364
Other debtors 130,587 115,956
298,785 332,320
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 398,803 371,947
Bank loans and overdrafts 1,378,354 1,663,740
Other creditors 57,681 59,054
1,834,838 2,094,741
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,500 4,500
9. Related Party Transactions
Sales to
Related
Parties
£
Purchases
from Related
Parties
£
Other Services
from Related
Parties
£
Loan Balances owed to/ (by)
Cottage Dessert Products
Ltd at Year End
£
Trade Balances owed to/ (by)
Cottage Dessert Products
Ltd at Year End
£
Transactions
with Other
Related Parties
-
60,000
111,599
-
(7,917)
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10. Ultimate Controlling Party
The ultimate controlling party is Mr Philip R Morrow, Director, due to his equity shareholding in the company.
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