Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04950722 Mrs K Shah Mr N Shah Mr V Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04950722 2023-12-31 04950722 2024-12-31 04950722 2024-01-01 2024-12-31 04950722 frs-core:CurrentFinancialInstruments 2024-12-31 04950722 frs-core:FurnitureFittings 2024-12-31 04950722 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04950722 frs-core:FurnitureFittings 2023-12-31 04950722 frs-core:NetGoodwill 2024-12-31 04950722 frs-core:NetGoodwill 2024-01-01 2024-12-31 04950722 frs-core:NetGoodwill 2023-12-31 04950722 frs-core:ShareCapital 2024-12-31 04950722 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04950722 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04950722 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04950722 frs-bus:SmallEntities 2024-01-01 2024-12-31 04950722 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04950722 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04950722 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 04950722 frs-bus:Director1 2024-01-01 2024-12-31 04950722 frs-bus:Director2 2024-01-01 2024-12-31 04950722 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04950722 frs-countries:EnglandWales 2024-01-01 2024-12-31 04950722 2022-12-31 04950722 2023-12-31 04950722 2023-01-01 2023-12-31 04950722 frs-core:CurrentFinancialInstruments 2023-12-31 04950722 frs-core:ShareCapital 2023-12-31 04950722 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04950722 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 04950722
Careways Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Affinity Associates (Flemmings) Limited
Accountants and Statutory Auditors
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04950722
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,122 4,163
3,122 4,163
CURRENT ASSETS
Stocks 69,397 57,533
Debtors 6 89,126 97,065
Investments 7 30,114 22,387
Cash at bank and in hand 976,229 891,621
1,164,866 1,068,606
Creditors: Amounts Falling Due Within One Year 8 (433,737 ) (410,573 )
NET CURRENT ASSETS (LIABILITIES) 731,129 658,033
TOTAL ASSETS LESS CURRENT LIABILITIES 734,251 662,196
PROVISIONS FOR LIABILITIES
Deferred Taxation (328 ) -
NET ASSETS 733,923 662,196
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve (14,515 ) (7,065 )
Profit and Loss Account 748,338 669,161
SHAREHOLDERS' FUNDS 733,923 662,196
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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
Mr N Shah
Director
20 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Careways Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04950722 . The registered office is 57 High Town Road, Luton, Bedfordshire, LU2 0BW.
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.
The financial statements are presented in Pound Sterling, which is the functional currency of the company. 
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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:
Fixtures & Fittings 25% Reducing Balance Method
2.6. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ovvnership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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2.7. 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.
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 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.
2.8. 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.
2.9. Investments
Investments are recognised initially at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit or loss except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available.
If a reliable measure of fair value is no longer available, the equity instrument's fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 11)
10 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 325,000
As at 31 December 2024 325,000
Amortisation
As at 1 January 2024 325,000
As at 31 December 2024 325,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 15,845
As at 31 December 2024 15,845
Depreciation
As at 1 January 2024 11,682
Provided during the period 1,041
As at 31 December 2024 12,723
Net Book Value
As at 31 December 2024 3,122
As at 1 January 2024 4,163
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,311 76,410
Prepayments and accrued income 1,979 1,226
Deferred tax current asset - 1,444
VAT 20,836 17,985
89,126 97,065
7. Current Asset Investments
2024 2023
£ £
Listed investments 30,114 22,387
30,114 22,387
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 113,519 95,063
Corporation tax 37,014 31,062
Other taxes and social security 2,583 1,705
Net wages 5,406 9,184
Pension contributions unpaid 32 59
Accruals and deferred income 1,015 3,126
Directors' loan accounts 274,168 270,374
433,737 410,573
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9. Financial Instruments
Amounts not provided for in the balance sheet 
The total amount of financial commitments not included in the balance sheet is £15,000 (2023 - £30,000). 
This relates to the outstanding commitments for future minimum lease payments under a non-cancellable operating lease for property which the company trades from.
10. Related Party Transactions
Other transactions with directors 
Mr N Shah and Mrs K shah 
(Directors and shareholders) 
Mr N Shah and Mrs K Shah own the business premises from which the company trades from. The company pays rent in the sum of £15,000 per annum for occupation of the premises. 
During the year a dividend of £22,500 each was paid to Mr N Shah and Mrs K Shah. At the balance sheet date, the amount due to Mr N shah and Mrs K shah was £274,168 ( 2023 - £270,374).
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