Acorah Software Products - Accounts Production 16.4.675 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 03165703 Mr Nicholas Holmes Mr Patrick Holmes Mr Patrick Holmes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03165703 2023-11-30 03165703 2024-11-30 03165703 2023-12-01 2024-11-30 03165703 frs-core:CurrentFinancialInstruments 2024-11-30 03165703 frs-core:ComputerEquipment 2024-11-30 03165703 frs-core:ComputerEquipment 2023-12-01 2024-11-30 03165703 frs-core:ComputerEquipment 2023-11-30 03165703 frs-core:FurnitureFittings 2024-11-30 03165703 frs-core:FurnitureFittings 2023-12-01 2024-11-30 03165703 frs-core:FurnitureFittings 2023-11-30 03165703 frs-core:NetGoodwill 2024-11-30 03165703 frs-core:NetGoodwill 2023-12-01 2024-11-30 03165703 frs-core:NetGoodwill 2023-11-30 03165703 frs-core:MotorVehicles 2024-11-30 03165703 frs-core:MotorVehicles 2023-12-01 2024-11-30 03165703 frs-core:MotorVehicles 2023-11-30 03165703 frs-core:PlantMachinery 2024-11-30 03165703 frs-core:PlantMachinery 2023-12-01 2024-11-30 03165703 frs-core:PlantMachinery 2023-11-30 03165703 frs-core:ShareCapital 2024-11-30 03165703 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 03165703 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03165703 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 03165703 frs-bus:SmallEntities 2023-12-01 2024-11-30 03165703 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 03165703 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 03165703 frs-bus:Director1 2023-12-01 2024-11-30 03165703 frs-bus:Director2 2023-12-01 2024-11-30 03165703 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 03165703 frs-countries:EnglandWales 2023-12-01 2024-11-30 03165703 2022-11-30 03165703 2023-11-30 03165703 2022-12-01 2023-11-30 03165703 frs-core:CurrentFinancialInstruments 2023-11-30 03165703 frs-core:ShareCapital 2023-11-30 03165703 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 03165703
Classic Reclaims Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03165703
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 643 778
643 778
CURRENT ASSETS
Stocks 6 14,541 21,337
Debtors 7 579 837
Cash at bank and in hand 9,694 2,042
24,814 24,216
Creditors: Amounts Falling Due Within One Year 8 (94,937 ) (62,359 )
NET CURRENT ASSETS (LIABILITIES) (70,123 ) (38,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES (69,480 ) (37,365 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (122 ) (219 )
NET LIABILITIES (69,602 ) (37,584 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (69,702 ) (37,684 )
SHAREHOLDERS' FUNDS (69,602) (37,584)
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For the year ending 30 November 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 Patrick Holmes
Director
7th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Classic Reclaims Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03165703 . The registered office is 155 Wellingborough Road, RUSHDEN, Northamptonshire, NN10 9TB.
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
The directors have reviewed the next 12 months of the business, and are committed to supporting the company with their own personal funds. With this in mind, the directors have a reasonable expectation the funds will be available to support the business to continue in operational existence for the forseeeable future. Therefore with this in mind these accounts have been prepared on a going concern basis
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.
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 the profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 40% on reducing balance
2.6. 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.
2.7. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 30 November 2024.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 120,000
As at 30 November 2024 120,000
Amortisation
As at 1 December 2023 120,000
As at 30 November 2024 120,000
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 20,407 6,047 375 3,994 30,823
Disposals (15,000 ) - - (2,923 ) (17,923 )
As at 30 November 2024 5,407 6,047 375 1,071 12,900
Depreciation
As at 1 December 2023 19,768 6,047 257 3,973 30,045
Provided during the period 96 - 29 8 133
Disposals (15,000 ) - - (2,921 ) (17,921 )
As at 30 November 2024 4,864 6,047 286 1,060 12,257
Net Book Value
As at 30 November 2024 543 - 89 11 643
As at 1 December 2023 639 - 118 21 778
6. Stocks
2024 2023
£ £
Stock 14,541 21,337
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 283
Other debtors 579 554
579 837
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 94,557 61,658
Taxation and social security 380 701
94,937 62,359
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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