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Registered number: 01788111
Capital Garden Products Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01788111
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,838 19,810
17,838 19,810
CURRENT ASSETS
Stocks 5 918,923 805,923
Debtors 6 102,417 100,046
Cash at bank and in hand 704,546 764,695
1,725,886 1,670,664
Creditors: Amounts Falling Due Within One Year 7 (583,524 ) (492,550 )
NET CURRENT ASSETS (LIABILITIES) 1,142,362 1,178,114
TOTAL ASSETS LESS CURRENT LIABILITIES 1,160,200 1,197,924
Creditors: Amounts Falling Due After More Than One Year 8 (70,833 ) (124,561 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,926 ) (1,926 )
NET ASSETS 1,087,441 1,071,437
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 1,086,441 1,070,437
SHAREHOLDERS' FUNDS 1,087,441 1,071,437
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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
H A Vereker
Director
25/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Capital Garden Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01788111 . The registered office is Gibbs Reed Barn, Pashley Road, Ticehurst, East Sussex, TN5 7HE.
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 preparation of financial statements in accordance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.
2.2. Going Concern Disclosure
Having taken into account all information about the Company's trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the Company is a going concern.
2.3. Turnover
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its goods. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.
Revenue is recognised once the goods have been dispatched to the customer. 
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:
Leasehold 20% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 25% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not
paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held
separately from the Company in independently administered funds.
2.9. Financial instruments
The Company only enters into basic financial instrument 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 ordinary shares.
2.10. Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest
method so that the amount charged is at a constant rate on the carrying amount. Issue costs are
initially recognised as a reduction in the proceeds of the associated capital instrument.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 16)
14 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 41,565 39,127 25,690 13,004
Additions - - 14,500 -
As at 31 December 2024 41,565 39,127 40,190 13,004
...CONTINUED
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Depreciation
As at 1 January 2024 33,335 34,284 20,452 12,949
Provided during the period 6,990 1,875 6,612 50
As at 31 December 2024 40,325 36,159 27,064 12,999
Net Book Value
As at 31 December 2024 1,240 2,968 13,126 5
As at 1 January 2024 8,230 4,843 5,238 55
Computer Equipment Total
£ £
Cost
As at 1 January 2024 17,445 136,831
Additions - 14,500
As at 31 December 2024 17,445 151,331
Depreciation
As at 1 January 2024 16,001 117,021
Provided during the period 945 16,472
As at 31 December 2024 16,946 133,493
Net Book Value
As at 31 December 2024 499 17,838
As at 1 January 2024 1,444 19,810
5. Stocks
2024 2023
£ £
Finished goods 918,923 805,923
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,401 33,272
Other debtors 63,016 66,774
102,417 100,046
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 375,633 344,679
Bank loans and overdrafts 50,000 46,272
Other creditors 77,874 74,910
Taxation and social security 80,017 26,689
583,524 492,550
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 70,833 124,561
Bank loans are secured by means of a fixed and floating charge covering all the property, assets and undertakings of the company.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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