Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05459953 Mr R M Crutchfield Mr R M Crutchfield true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05459953 2023-09-30 05459953 2024-09-30 05459953 2023-10-01 2024-09-30 05459953 frs-core:CurrentFinancialInstruments 2024-09-30 05459953 frs-core:Non-currentFinancialInstruments 2024-09-30 05459953 frs-core:ComputerEquipment 2024-09-30 05459953 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05459953 frs-core:ComputerEquipment 2023-09-30 05459953 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 05459953 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-01 2024-09-30 05459953 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 05459953 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 05459953 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 05459953 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05459953 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 05459953 frs-core:MotorVehicles 2024-09-30 05459953 frs-core:MotorVehicles 2023-10-01 2024-09-30 05459953 frs-core:MotorVehicles 2023-09-30 05459953 frs-core:PlantMachinery 2024-09-30 05459953 frs-core:PlantMachinery 2023-10-01 2024-09-30 05459953 frs-core:PlantMachinery 2023-09-30 05459953 frs-core:ShareCapital 2024-09-30 05459953 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05459953 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05459953 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05459953 frs-bus:SmallEntities 2023-10-01 2024-09-30 05459953 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05459953 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05459953 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05459953 frs-bus:OrdinaryShareClass1 2024-09-30 05459953 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 05459953 frs-bus:OrdinaryShareClass2 2024-09-30 05459953 1 2023-10-01 2024-09-30 05459953 frs-core:DeferredTaxation 2023-10-01 2024-09-30 05459953 frs-core:DeferredTaxation 2023-09-30 05459953 frs-core:DeferredTaxation 2024-09-30 05459953 frs-bus:Director1 2023-10-01 2024-09-30 05459953 frs-bus:Director1 2023-09-30 05459953 frs-bus:Director1 2024-09-30 05459953 frs-countries:EnglandWales 2023-10-01 2024-09-30 05459953 2022-09-30 05459953 2023-09-30 05459953 2022-10-01 2023-09-30 05459953 frs-core:CurrentFinancialInstruments 2023-09-30 05459953 frs-core:Non-currentFinancialInstruments 2023-09-30 05459953 frs-core:ShareCapital 2023-09-30 05459953 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05459953 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 05459953 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30
Registered number: 05459953
M & J Crutchfield Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05459953
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 750 900
Tangible Assets 5 39,091 45,494
39,841 46,394
CURRENT ASSETS
Stocks 6 11,000 11,000
Debtors 7 255,618 274,033
Cash at bank and in hand 209,348 217,772
475,966 502,805
Creditors: Amounts Falling Due Within One Year 8 (168,908 ) (178,369 )
NET CURRENT ASSETS (LIABILITIES) 307,058 324,436
TOTAL ASSETS LESS CURRENT LIABILITIES 346,899 370,830
Creditors: Amounts Falling Due After More Than One Year 9 (24,547 ) (63,925 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,773 ) (6,786 )
NET ASSETS 312,579 300,119
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 312,479 300,019
SHAREHOLDERS' FUNDS 312,579 300,119
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For the year ending 30 September 2024 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 R M Crutchfield
Director
24 September 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M & J Crutchfield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05459953 . The registered office is Unit 2CB Deer Park Industrial Estate, Knowle Lane, Fair Oak, Eastleigh, SO50 7PZ.
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.
2.2.1 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.
2.2.2 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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Number plates are being amortised evenly over their estimated useful life of ten years.
2.4. 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:
Improvements to Property 10% on cost
Machinery & Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office & Computer Equipment 33% on cost
2.5. 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.
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2.6. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6.1 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.6.2 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.6.3 Creditors
Short term creditors are measured at the transaction price.
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 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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2.9. Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 6)
10 6
4. Intangible Assets
Number Plates
£
Cost
As at 1 October 2023 1,500
As at 30 September 2024 1,500
Amortisation
As at 1 October 2023 600
Provided during the period 150
As at 30 September 2024 750
Net Book Value
As at 30 September 2024 750
As at 1 October 2023 900
5. Tangible Assets
Land & Property
Improvements to Property Machinery & Equipment Motor Vehicles Office & Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 19,987 25,852 44,117 23,739 113,695
Additions - - 12,730 6,756 19,486
Disposals (19,987 ) (2,877 ) (1,153 ) (349 ) (24,366 )
As at 30 September 2024 - 22,975 55,694 30,146 108,815
Depreciation
As at 1 October 2023 10,209 19,805 16,638 21,549 68,201
Provided during the period - 1,232 9,985 3,501 14,718
Disposals (10,209 ) (1,757 ) (880 ) (349 ) (13,195 )
As at 30 September 2024 - 19,280 25,743 24,701 69,724
...CONTINUED
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Net Book Value
As at 30 September 2024 - 3,695 29,951 5,445 39,091
As at 1 October 2023 9,778 6,047 27,479 2,190 45,494
6. Stocks
2024 2023
£ £
Stocks 8,500 8,500
Work-in-progress 2,500 2,500
11,000 11,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 216,970 238,395
Other debtors 38,648 35,638
255,618 274,033
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,217 84,843
Bank loans and overdrafts 39,378 35,966
Other creditors 4,626 4,894
Taxation and social security 38,687 52,666
168,908 178,369
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2-5 yrs 24,547 63,925
10. Secured Creditors
The secured debts included in creditors are listed below. The bank loan is partly secured by the UK Government, under the coronavirus business interruption loan scheme (CBILS).
2024 2023
£ £
Bank loans and overdrafts 63,925 99,891
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11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 6,786 6,786
Deferred taxation 2,987 2,987
Balance at 30 September 2024 9,773 9,773
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
75 Ordinary Shares of £ 1.00 each 75 75
25 Ordinary A shares of £ 1.00 each 25 25
100 100
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Robert Crutchfield 10,365 10,000 14,073 - 6,292
The above loan is unsecured, interest free and repayable on demand.
14. Ultimate Controlling Party
The company's ultimate controlling party is Mr R M Crutchfield .
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