Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 05676414 R Unsworth A J Unsworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05676414 2022-06-30 05676414 2023-06-30 05676414 2022-07-01 2023-06-30 05676414 frs-core:CurrentFinancialInstruments 2023-06-30 05676414 frs-core:ComputerEquipment 2023-06-30 05676414 frs-core:ComputerEquipment 2022-07-01 2023-06-30 05676414 frs-core:ComputerEquipment 2022-06-30 05676414 frs-core:FurnitureFittings 2023-06-30 05676414 frs-core:FurnitureFittings 2022-07-01 2023-06-30 05676414 frs-core:FurnitureFittings 2022-06-30 05676414 frs-core:NetGoodwill 2023-06-30 05676414 frs-core:NetGoodwill 2022-07-01 2023-06-30 05676414 frs-core:NetGoodwill 2022-06-30 05676414 frs-core:MotorVehicles 2023-06-30 05676414 frs-core:MotorVehicles 2022-07-01 2023-06-30 05676414 frs-core:MotorVehicles 2022-06-30 05676414 frs-core:PlantMachinery 2023-06-30 05676414 frs-core:PlantMachinery 2022-07-01 2023-06-30 05676414 frs-core:PlantMachinery 2022-06-30 05676414 frs-core:ShareCapital 2023-06-30 05676414 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05676414 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05676414 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 05676414 frs-bus:SmallEntities 2022-07-01 2023-06-30 05676414 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05676414 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05676414 frs-bus:Director1 2022-07-01 2023-06-30 05676414 frs-bus:CompanySecretary1 2022-07-01 2023-06-30 05676414 frs-countries:EnglandWales 2022-07-01 2023-06-30 05676414 2021-06-30 05676414 2022-06-30 05676414 2021-07-01 2022-06-30 05676414 frs-core:CurrentFinancialInstruments 2022-06-30 05676414 frs-core:ShareCapital 2022-06-30 05676414 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 05676414
Cheapmowers.com Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05676414
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 54,000 58,000
Tangible Assets 5 9,125 11,380
63,125 69,380
CURRENT ASSETS
Stocks 6 74,000 57,500
Debtors 7 31,571 29,164
Cash at bank and in hand 790,337 990,724
895,908 1,077,388
Creditors: Amounts Falling Due Within One Year 8 (786,287 ) (870,002 )
NET CURRENT ASSETS (LIABILITIES) 109,621 207,386
TOTAL ASSETS LESS CURRENT LIABILITIES 172,746 276,766
PROVISIONS FOR LIABILITIES
Deferred Taxation - (248 )
NET ASSETS 172,746 276,518
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 172,646 276,418
SHAREHOLDERS' FUNDS 172,746 276,518
Page 1
Page 2
For the year ending 30 June 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
R Unsworth
Director
29 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cheapmowers.com Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05676414 . The registered office is Unit 2 16 Clayton Wood Rise, Leeds, West Yorkshire, LS16 6RF.
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. 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 20 years.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% straight line
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 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.
2.6. 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2022 140,000
As at 30 June 2023 140,000
Amortisation
As at 1 July 2022 82,000
Provided during the period 4,000
As at 30 June 2023 86,000
Net Book Value
As at 30 June 2023 54,000
As at 1 July 2022 58,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2022 3,561 3,748 6,274 15,299 28,882
Additions 220 - 1,160 - 1,380
As at 30 June 2023 3,781 3,748 7,434 15,299 30,262
Depreciation
As at 1 July 2022 2,746 2,404 4,938 7,414 17,502
Provided during the period 285 178 639 2,533 3,635
As at 30 June 2023 3,031 2,582 5,577 9,947 21,137
Net Book Value
As at 30 June 2023 750 1,166 1,857 5,352 9,125
As at 1 July 2022 815 1,344 1,336 7,885 11,380
6. Stocks
2023 2022
£ £
Stock 74,000 57,500
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Page 5
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 29,571 27,164
Other debtors 2,000 2,000
31,571 29,164
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 435,765 668,623
Bank loans and overdrafts 252,702 102,973
Corporation tax 3,228 24,391
Other taxes and social security 49,396 32,371
Other creditors 42,596 39,169
Accruals and deferred income 2,600 2,475
786,287 870,002
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5