Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 3807491 Mrs Charlotte Thompson Mrs Joanna Fife Mr Paul Townsley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3807491 2023-12-31 3807491 2024-12-31 3807491 2024-01-01 2024-12-31 3807491 frs-core:CurrentFinancialInstruments 2024-12-31 3807491 frs-core:Non-currentFinancialInstruments 2024-12-31 3807491 frs-core:BetweenOneFiveYears 2024-12-31 3807491 frs-core:ComputerEquipment 2024-12-31 3807491 frs-core:ComputerEquipment 2024-01-01 2024-12-31 3807491 frs-core:ComputerEquipment 2023-12-31 3807491 frs-core:FurnitureFittings 2024-12-31 3807491 frs-core:FurnitureFittings 2024-01-01 2024-12-31 3807491 frs-core:FurnitureFittings 2023-12-31 3807491 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 3807491 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 3807491 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 3807491 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 3807491 frs-core:MotorVehicles 2024-12-31 3807491 frs-core:MotorVehicles 2024-01-01 2024-12-31 3807491 frs-core:MotorVehicles 2023-12-31 3807491 frs-core:PlantMachinery 2024-12-31 3807491 frs-core:PlantMachinery 2024-01-01 2024-12-31 3807491 frs-core:PlantMachinery 2023-12-31 3807491 frs-core:WithinOneYear 2024-12-31 3807491 frs-core:ShareCapital 2024-12-31 3807491 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 3807491 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 3807491 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 3807491 frs-bus:SmallEntities 2024-01-01 2024-12-31 3807491 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 3807491 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 3807491 frs-core:DeferredTaxation 2024-01-01 2024-12-31 3807491 frs-core:DeferredTaxation 2023-12-31 3807491 frs-core:DeferredTaxation 2024-12-31 3807491 frs-bus:Director1 2024-01-01 2024-12-31 3807491 frs-bus:Director2 2024-01-01 2024-12-31 3807491 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 3807491 frs-core:CurrentFinancialInstruments 1 2024-12-31 3807491 frs-countries:EnglandWales 2024-01-01 2024-12-31 3807491 2022-12-31 3807491 2023-12-31 3807491 2023-01-01 2023-12-31 3807491 frs-core:CurrentFinancialInstruments 2023-12-31 3807491 frs-core:Non-currentFinancialInstruments 2023-12-31 3807491 frs-core:BetweenOneFiveYears 2023-12-31 3807491 frs-core:WithinOneYear 2023-12-31 3807491 frs-core:ShareCapital 2023-12-31 3807491 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 3807491 frs-core:CurrentFinancialInstruments 1 2023-12-31 3807491 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 3807491
Classic Services Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 3807491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 232,916 209,166
232,916 209,166
CURRENT ASSETS
Debtors 5 1,537,292 1,045,402
Cash at bank and in hand 600,627 768,714
2,137,919 1,814,116
Creditors: Amounts Falling Due Within One Year 6 (1,361,313 ) (1,152,766 )
NET CURRENT ASSETS (LIABILITIES) 776,606 661,350
TOTAL ASSETS LESS CURRENT LIABILITIES 1,009,522 870,516
Creditors: Amounts Falling Due After More Than One Year 7 (58,615 ) (31,103 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,324 ) (2,760 )
NET ASSETS 941,583 836,653
CAPITAL AND RESERVES
Called up share capital 11 103 103
Profit and Loss Account 941,480 836,550
SHAREHOLDERS' FUNDS 941,583 836,653
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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
Mrs Charlotte Thompson
Director
28/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Classic Services Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3807491 . The registered office is Genesis Business Centre, Redkiln Way, Horsham, RH13 5QH.
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:
Freehold 5% straight line
Leasehold 10 years straight line
Plant & Machinery 5 years straight line
Motor Vehicles 4 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
Note:  The depreciation policy for motor vehicles has been changed from 15% straight line (2023) to 4 years straight line (2024) in order to reflect a more accurate net asset value on disposal.
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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 145 (2023: 160)
145 160
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 30,110 17,948 319,460 52,527
Additions 15,395 - 128,969 409
Disposals - - (50,475 ) -
As at 31 December 2024 45,505 17,948 397,954 52,936
Depreciation
As at 1 January 2024 16,900 14,500 134,374 50,159
Provided during the period 3,011 1,243 95,768 1,900
Disposals - - (29,326 ) -
As at 31 December 2024 19,911 15,743 200,816 52,059
Net Book Value
As at 31 December 2024 25,594 2,205 197,138 877
As at 1 January 2024 13,210 3,448 185,086 2,368
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Computer Equipment Total
£ £
Cost
As at 1 January 2024 108,334 528,379
Additions 6,712 151,485
Disposals - (50,475 )
As at 31 December 2024 115,046 629,389
Depreciation
As at 1 January 2024 103,280 319,213
Provided during the period 4,664 106,586
Disposals - (29,326 )
As at 31 December 2024 107,944 396,473
Net Book Value
As at 31 December 2024 7,102 232,916
As at 1 January 2024 5,054 209,166
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,147,631 970,735
Prepayments and accrued income 26,286 33,117
Other debtors 363,375 15,819
Directors' loan accounts - 25,731
1,537,292 1,045,402
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,627 36,077
Trade creditors 391,862 302,184
Corporation tax 83,786 72,526
Other taxes and social security 132,261 94,166
VAT 368,798 322,315
Other creditors 271,519 277,365
Pension contributions 19,128 17,922
Accruals and deferred income 40,912 29,690
Directors' loan accounts 1,420 521
1,361,313 1,152,766
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 58,615 31,103
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8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 110,242 67,180
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 51,627 36,077
Later than one year and not later than five years 58,615 31,103
110,242 67,180
110,242 67,180
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 2,760 2,760
Deferred taxation 6,564 6,564
Balance at 31 December 2024 9,324 9,324
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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