Acorah Software Products - Accounts Production 12.4.002 false 13 September 2020 31 December 2021 31 December 2021 12875472 Mr David Totney Mr Russell Martin Mr Robert Lankey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12875472 2020-09-12 12875472 2021-12-31 12875472 2020-09-13 2021-12-31 12875472 frs-core:CurrentFinancialInstruments 2021-12-31 12875472 frs-core:CurrentFinancialInstruments 2020-09-13 2021-12-31 12875472 frs-core:Non-currentFinancialInstruments 2021-12-31 12875472 frs-core:Non-currentFinancialInstruments 2020-09-13 2021-12-31 12875472 frs-core:CurrentFinancialInstruments 2020-09-13 2021-12-31 12875472 frs-core:CurrentFinancialInstruments 2021-12-31 12875472 frs-core:AfterOneYear 2020-09-13 2021-12-31 12875472 frs-core:BetweenOneFiveYears 2020-09-13 2021-12-31 12875472 frs-core:BetweenOneFiveYears 2021-12-31 12875472 frs-core:ComputerEquipment 2021-12-31 12875472 frs-core:ComputerEquipment 2020-09-13 2021-12-31 12875472 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2021-12-31 12875472 1 2020-09-13 2021-12-31 12875472 frs-countries:EnglandWales 2020-09-13 2021-12-31
Registered number: 12875472
Chordis Capital Limited
Financial Statements
For the Period 13 September 2020 to 31 December 2021
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12875472
31 December 2021
Notes £ £
FIXED ASSETS
Tangible Assets 3 18,685
18,685
CURRENT ASSETS
Debtors 5 432,881
Cash at bank and in hand 281,440
714,321
Creditors: Amounts Falling Due Within One Year 6 (146,692 )
NET CURRENT ASSETS (LIABILITIES) 567,629
TOTAL ASSETS LESS CURRENT LIABILITIES 586,314
Creditors: Amounts Falling Due After More Than One Year 7 (331,016 )
NET ASSETS 255,298
CAPITAL AND RESERVES
Called up share capital 8 500,100
Profit and Loss Account (244,802 )
SHAREHOLDERS' FUNDS 255,298
Page 1
Page 2
For the period ending 31 December 2021 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 Russell Martin
Director
8 March 2022
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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:
Fixtures & Fittings 33% Straight Line
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4
4
3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 13 September 2020 -
Additions 26,525
As at 31 December 2021 26,525
Depreciation
As at 13 September 2020 -
Provided during the period 7,840
As at 31 December 2021 7,840
Net Book Value
As at 31 December 2021 18,685
As at 13 September 2020 -
Page 3
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4. Stocks
31 December 2021
£
5. Debtors
31 December 2021
£
Due within one year
Prepayments and accrued income 169,718
Other debtors - Funding Control Acc 106,101
Other debtors - Single Malt 418 30,000
Deferred Group Costs 127,062
432,881
6. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 7,035
Other taxes and social security 9,572
Other creditors - Collections Control Acc 69,548
Other creditors - Pension Fund 628
Other creditors - F4B Holdings 30,000
Accruals and deferred income 8,909
Directors' loan accounts 21,000
146,692
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2021
£
Other creditors - Capital Introduced 120,000
Other creditors - LT Liability 211,016
331,016
8. Share Capital
31 December 2021
Allotted, Called up and fully paid 500,100
The company has subdivided its shares into ordinary shares of £0.01p each and issued new capital resulting in 50,010,000 shares being in issue.
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9. General Information
Chordis Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12875472 . The registered office is 9th Floor Cornerblock, 2 Cornwall Street, Birmingham, B3 2DX.
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