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Registered number: 08277380
Celtrucks Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08277380
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,825 42,901
Investments 5 20,000 20,000
56,825 62,901
CURRENT ASSETS
Stocks 6 222,920 324,445
Debtors 7 941,621 605,379
Cash at bank and in hand 645,657 972,291
1,810,198 1,902,115
Creditors: Amounts Falling Due Within One Year 8 (1,831,135 ) (1,929,811 )
NET CURRENT ASSETS (LIABILITIES) (20,937 ) (27,696 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,888 35,205
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (8,390 ) (9,908 )
NET ASSETS 27,498 25,297
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account 27,396 25,195
SHAREHOLDERS' FUNDS 27,498 25,297
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Damian Gaffney
Director
6 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Celtrucks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08277380 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2024 55,129 38,424 44,174 137,727
Additions - - 3,243 3,243
As at 30 April 2025 55,129 38,424 47,417 140,970
Depreciation
As at 1 May 2024 29,381 30,292 35,153 94,826
Provided during the period 5,150 1,626 2,543 9,319
As at 30 April 2025 34,531 31,918 37,696 104,145
Net Book Value
As at 30 April 2025 20,598 6,506 9,721 36,825
As at 1 May 2024 25,748 8,132 9,021 42,901
5. Investments
Unlisted
£
Cost
As at 1 May 2024 20,000
As at 30 April 2025 20,000
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 20,000
As at 1 May 2024 20,000
6. Stocks
2025 2024
£ £
Stock 222,920 324,445
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 116,274 4,281
Amounts owed by group undertakings 810,844 598,051
Other debtors 14,503 3,047
941,621 605,379
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,127 180,647
Amounts owed to group undertakings 1,637,809 1,590,328
Other creditors 58,321 (22,831)
Taxation and social security 119,878 181,667
1,831,135 1,929,811
9. Deferred Taxation
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.
2025 2024
£ £
Other timing differences 8,390 9,908
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
11. Pension Commitments
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.
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