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Registered number: 05829114
Cab-It (Sittingbourne) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05829114
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 6 60,369 40,941
60,369 40,941
CURRENT ASSETS
Debtors 7 46,028 41,407
Cash at bank and in hand 3,371 31,141
49,399 72,548
Creditors: Amounts Falling Due Within One Year 8 (33,232 ) (48,544 )
NET CURRENT ASSETS (LIABILITIES) 16,167 24,004
TOTAL ASSETS LESS CURRENT LIABILITIES 76,536 64,945
Creditors: Amounts Falling Due After More Than One Year 9 - (6,733 )
NET ASSETS 76,536 58,212
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 76,436 58,112
SHAREHOLDERS' FUNDS 76,536 58,212
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For the year ending 30 June 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 D Vaughan
Director
05/01/2026
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
Cab-It (Sittingbourne) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05829114 . The registered office is Rear Of 9 West Street, Sittingbourne, Kent, ME10 1AA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. 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.
3.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
3.4. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
3.5. 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 has been fully amortised to the profit and loss account in prior years.
3.6. 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:
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 15% reducing balance basis
3.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3.8. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
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3.9. Interest Payable
Finance costs are charged to the profit and loss account 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.
3.10. 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.
3.11. 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.
3.12. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
5. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 60,000
As at 30 June 2025 60,000
Amortisation
As at 1 July 2024 60,000
As at 30 June 2025 60,000
Net Book Value
As at 30 June 2025 -
As at 1 July 2024 -
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6. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 95,629 2,259 5,547 103,435
Additions 33,741 541 - 34,282
As at 30 June 2025 129,370 2,800 5,547 137,717
Depreciation
As at 1 July 2024 59,004 1,280 2,210 62,494
Provided during the period 14,077 276 501 14,854
As at 30 June 2025 73,081 1,556 2,711 77,348
Net Book Value
As at 30 June 2025 56,289 1,244 2,836 60,369
As at 1 July 2024 36,625 979 3,337 40,941
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,076 6,840
Prepayments and accrued income 17,257 22,725
Deferred tax current asset 12,695 11,842
46,028 41,407
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,148 2,624
Bank loans and overdrafts - 7,096
Corporation tax 5,440 7,898
Other taxes and social security 1,679 1,816
VAT 15,250 12,753
Other creditors 1,449 6,474
Pension contributions 106 49
Accruals and deferred income 1,166 1,110
Director's loan account 6,994 8,724
33,232 48,544
In a prior year the company received an unsecured loan under the UK Government Bounce Back Loan Scheme, which has the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. 
The BBLS loan was repaid in full during the year.
During the period, the company recognised interest payable of £126 (2024 £513) in connection with the BBLS loan facility.
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 6,733
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £NIL.
At the balance sheet date contributions of £106 (2024: £49) were due to the fund and are included in creditors.
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