Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 SC443918 Mr Sarfraz Ahmad Cheema iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC443918 2022-03-31 SC443918 2023-03-31 SC443918 2022-04-01 2023-03-31 SC443918 frs-core:CurrentFinancialInstruments 2023-03-31 SC443918 frs-core:Non-currentFinancialInstruments 2023-03-31 SC443918 frs-core:MotorVehicles 2023-03-31 SC443918 frs-core:MotorVehicles 2022-04-01 2023-03-31 SC443918 frs-core:MotorVehicles 2022-03-31 SC443918 frs-core:ShareCapital 2023-03-31 SC443918 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC443918 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC443918 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 SC443918 frs-bus:SmallEntities 2022-04-01 2023-03-31 SC443918 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC443918 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC443918 frs-bus:Director1 2022-04-01 2023-03-31 SC443918 frs-countries:Scotland 2022-04-01 2023-03-31 SC443918 2021-03-31 SC443918 2022-03-31 SC443918 2021-04-01 2022-03-31 SC443918 frs-core:CurrentFinancialInstruments 2022-03-31 SC443918 frs-core:Non-currentFinancialInstruments 2022-03-31 SC443918 frs-core:ShareCapital 2022-03-31 SC443918 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: SC443918
CHEEMA TRADING LTD
Unaudited Financial Statements
For The Year Ended 31 March 2023
Global Accountancy Practice
10 Allison Street
Glasgow
G42 8NN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC443918
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,060 17,146
14,060 17,146
CURRENT ASSETS
Debtors 5 39,050 39,050
Cash at bank and in hand 10,470 10,470
49,520 49,520
Creditors: Amounts Falling Due Within One Year 6 (830 ) -
NET CURRENT ASSETS (LIABILITIES) 48,690 49,520
TOTAL ASSETS LESS CURRENT LIABILITIES 62,750 66,666
Creditors: Amounts Falling Due After More Than One Year 7 (47,580 ) (48,342 )
NET ASSETS 15,170 18,324
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 15,169 18,323
SHAREHOLDERS' FUNDS 15,170 18,324
Page 1
Page 2
For the year ending 31 March 2023 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 Sarfraz Ahmad Cheema
Director
29th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CHEEMA TRADING LTD is a private company, limited by shares, incorporated in Scotland, registered number SC443918 . The registered office is 179 Airbles Street, Motherwell, Lanarkshire, ML1 1UH.
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.
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.
2.3. 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:
Motor Vehicles 18%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
- 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2022 40,000
As at 31 March 2023 40,000
Depreciation
As at 1 April 2022 22,854
Provided during the period 3,086
As at 31 March 2023 25,940
Net Book Value
As at 31 March 2023 14,060
As at 1 April 2022 17,146
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 39,050 39,050
39,050 39,050
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Director's loan account 830 -
830 -
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 47,580 48,342
47,580 48,342
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4