Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12077029 Mr Gregory Gladwell Miss Gemma Gladwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12077029 2022-07-31 12077029 2023-07-31 12077029 2022-08-01 2023-07-31 12077029 frs-core:CurrentFinancialInstruments 2023-07-31 12077029 frs-core:Non-currentFinancialInstruments 2023-07-31 12077029 frs-core:ComputerEquipment 2023-07-31 12077029 frs-core:ComputerEquipment 2022-08-01 2023-07-31 12077029 frs-core:ComputerEquipment 2022-07-31 12077029 frs-core:NetGoodwill 2023-07-31 12077029 frs-core:NetGoodwill 2022-08-01 2023-07-31 12077029 frs-core:NetGoodwill 2022-07-31 12077029 frs-core:PlantMachinery 2023-07-31 12077029 frs-core:PlantMachinery 2022-08-01 2023-07-31 12077029 frs-core:PlantMachinery 2022-07-31 12077029 frs-core:ShareCapital 2023-07-31 12077029 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12077029 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12077029 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12077029 frs-bus:SmallEntities 2022-08-01 2023-07-31 12077029 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12077029 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12077029 frs-bus:Director1 2022-08-01 2023-07-31 12077029 frs-bus:Director2 2022-08-01 2023-07-31 12077029 frs-core:Non-currentFinancialInstruments 1 2023-07-31 12077029 frs-countries:EnglandWales 2022-08-01 2023-07-31 12077029 2021-07-31 12077029 2022-07-31 12077029 2021-08-01 2022-07-31 12077029 frs-core:CurrentFinancialInstruments 2022-07-31 12077029 frs-core:Non-currentFinancialInstruments 2022-07-31 12077029 frs-core:ShareCapital 2022-07-31 12077029 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 12077029 frs-core:Non-currentFinancialInstruments 1 2022-07-31
Registered number: 12077029
Cherry Leaf Coffee Co (Norwich) Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
TaxAssist Accountants - Norwich South
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12077029
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 2,400 4,800
Tangible Assets 4 12,256 13,622
14,656 18,422
CURRENT ASSETS
Stocks 5 1,050 -
Debtors 6 7,515 3,066
Cash at bank and in hand 16,300 16,862
24,865 19,928
Creditors: Amounts Falling Due Within One Year 7 (38,098 ) (35,185 )
NET CURRENT ASSETS (LIABILITIES) (13,233 ) (15,257 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,423 3,165
NET ASSETS 1,423 3,165
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 1,322 3,064
SHAREHOLDERS' FUNDS 1,423 3,165
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For the year ending 31 July 2023 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 Gregory Gladwell
Director
16/04/2024
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 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.
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. 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 profit and loss account over its estimated economic life of .... years.
1.4. 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:
Plant & Machinery 20% RB
Computer Equipment 20% RB
1.5. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 9 (2022: 9)
9 9
3. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 12,000
As at 31 July 2023 12,000
Amortisation
As at 1 August 2022 7,200
Provided during the period 2,400
As at 31 July 2023 9,600
Net Book Value
As at 31 July 2023 2,400
As at 1 August 2022 4,800
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 17,166 313 17,479
Additions 1,486 - 1,486
As at 31 July 2023 18,652 313 18,965
Depreciation
As at 1 August 2022 3,704 153 3,857
Provided during the period 2,820 32 2,852
As at 31 July 2023 6,524 185 6,709
Net Book Value
As at 31 July 2023 12,128 128 12,256
As at 1 August 2022 13,462 160 13,622
5. Stocks
2023 2022
£ £
Stock - materials 1,050 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,732 90
Prepayments and accrued income 2,545 -
Directors' loan accounts 363 101
4,640 191
Due after more than one year
Security Deposit 2,875 2,875
2,875 2,875
7,515 3,066
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 944 -
Other taxes and social security 350 -
VAT 3,343 2,442
Net wages 878 -
Other creditors 75 -
Accruals and deferred income 158 4,813
Amounts owed to related parties 32,350 27,930
38,098 35,185
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 101 101
9. Related Party Transactions
The amount owed to a related party is in respect of a loan from Gladwell Enterprises Ltd.
10. General Information
Cherry Leaf Coffee Co (Norwich) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12077029 . The registered office is 34 New Road, Hethersett, Norwich, Norfolk, NR9 3HH.
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