Acorah Software Products - Accounts Production 16.4.675 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 08880326 Mr Simon Carney Mrs Andrea Carney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08880326 2024-02-28 08880326 2025-02-28 08880326 2024-02-29 2025-02-28 08880326 frs-core:CurrentFinancialInstruments 2025-02-28 08880326 frs-core:Non-currentFinancialInstruments 2025-02-28 08880326 frs-core:ComputerEquipment 2025-02-28 08880326 frs-core:ComputerEquipment 2024-02-29 2025-02-28 08880326 frs-core:ComputerEquipment 2024-02-28 08880326 frs-core:FurnitureFittings 2025-02-28 08880326 frs-core:FurnitureFittings 2024-02-29 2025-02-28 08880326 frs-core:FurnitureFittings 2024-02-28 08880326 frs-core:MotorVehicles 2025-02-28 08880326 frs-core:MotorVehicles 2024-02-29 2025-02-28 08880326 frs-core:MotorVehicles 2024-02-28 08880326 frs-core:PlantMachinery 2025-02-28 08880326 frs-core:PlantMachinery 2024-02-29 2025-02-28 08880326 frs-core:PlantMachinery 2024-02-28 08880326 frs-core:WithinOneYear 2025-02-28 08880326 frs-core:ShareCapital 2025-02-28 08880326 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08880326 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 08880326 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 08880326 frs-bus:SmallEntities 2024-02-29 2025-02-28 08880326 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 08880326 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08880326 frs-bus:Director1 2024-02-29 2025-02-28 08880326 frs-bus:Director2 2024-02-29 2025-02-28 08880326 frs-countries:EnglandWales 2024-02-29 2025-02-28 08880326 2023-02-28 08880326 2024-02-28 08880326 2023-03-01 2024-02-28 08880326 frs-core:CurrentFinancialInstruments 2024-02-28 08880326 frs-core:Non-currentFinancialInstruments 2024-02-28 08880326 frs-core:WithinOneYear 2024-02-28 08880326 frs-core:ShareCapital 2024-02-28 08880326 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 08880326
Carney (UK) Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
DH Accountants & Tax Advisors Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08880326
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 152,664 78,572
152,664 78,572
CURRENT ASSETS
Debtors 5 313,914 235,820
Cash at bank and in hand 6,147 71,386
320,061 307,206
Creditors: Amounts Falling Due Within One Year 6 (245,740 ) (133,676 )
NET CURRENT ASSETS (LIABILITIES) 74,321 173,530
TOTAL ASSETS LESS CURRENT LIABILITIES 226,985 252,102
Creditors: Amounts Falling Due After More Than One Year 7 (30,221 ) (178,343 )
NET ASSETS 196,764 73,759
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 196,762 73,757
SHAREHOLDERS' FUNDS 196,764 73,759
For the year ending 28 February 2025 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 Simon Carney
Director
11/07/2025
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
Carney (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08880326 . The registered office is Office 1 Brunswick House, Brunswick Way, Liverpool, Merseyside, L3 4BN.
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 20% Straight Line Method
Motor Vehicles 25% Straight Line Method
Fixtures & Fittings 20% Straight Line Method
Computer Equipment 33.33% Straight Line Method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
...CONTINUED
Page 2
Page 3
2.5. Taxation - continued
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: 7 (2024: 11)
7 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 29 February 2024 219,865 84,813 17,200 3,096 324,974
Additions 89,094 8,280 5,000 11,651 114,025
As at 28 February 2025 308,959 93,093 22,200 14,747 438,999
Depreciation
As at 29 February 2024 208,412 20,505 15,729 1,756 246,402
Provided during the period 18,690 18,241 1,836 1,166 39,933
As at 28 February 2025 227,102 38,746 17,565 2,922 286,335
Net Book Value
As at 28 February 2025 81,857 54,347 4,635 11,825 152,664
As at 29 February 2024 11,453 64,308 1,471 1,340 78,572
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 301,302 206,807
Other debtors 12,612 29,013
313,914 235,820
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,196 -
Trade creditors 66,266 29,736
Bank loans and overdrafts 3,912 3,343
Other creditors 75 87
Taxation and social security 168,291 100,510
245,740 133,676
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 30,221 178,343
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,196 -
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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