Acorah Software Products - Accounts Production 14.5.601 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08749188 Mr Raja Ali Mrs Asiha Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08749188 2022-10-31 08749188 2023-10-31 08749188 2022-11-01 2023-10-31 08749188 frs-core:CurrentFinancialInstruments 2023-10-31 08749188 frs-core:Non-currentFinancialInstruments 2023-10-31 08749188 frs-core:FurnitureFittings 2023-10-31 08749188 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08749188 frs-core:FurnitureFittings 2022-10-31 08749188 frs-core:MotorVehicles 2023-10-31 08749188 frs-core:MotorVehicles 2022-11-01 2023-10-31 08749188 frs-core:MotorVehicles 2022-10-31 08749188 frs-core:PlantMachinery 2023-10-31 08749188 frs-core:PlantMachinery 2022-11-01 2023-10-31 08749188 frs-core:PlantMachinery 2022-10-31 08749188 frs-core:ShareCapital 2023-10-31 08749188 frs-core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 08749188 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08749188 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08749188 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 08749188 frs-bus:SmallEntities 2022-11-01 2023-10-31 08749188 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08749188 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08749188 frs-core:DeferredTaxation 2022-11-01 2023-10-31 08749188 frs-core:DeferredTaxation 2022-10-31 08749188 frs-core:DeferredTaxation 2023-10-31 08749188 frs-bus:Director1 2022-11-01 2023-10-31 08749188 frs-bus:Director2 2022-11-01 2023-10-31 08749188 frs-countries:EnglandWales 2022-11-01 2023-10-31 08749188 2021-10-31 08749188 2022-10-31 08749188 2021-11-01 2022-10-31 08749188 frs-core:CurrentFinancialInstruments 2022-10-31 08749188 frs-core:Non-currentFinancialInstruments 2022-10-31 08749188 frs-core:ShareCapital 2021-10-31 08749188 frs-core:ShareCapital 2022-10-31 08749188 frs-core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 08749188 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-10-31 08749188 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08749188
Cavandish Supermarket Limited
ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Kensington Mills & Clark Darby
Chartered Certified Accountants
520-522 Moseley Road
Birmingham
West Midlands
B12 9AE
Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Abridged Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 08749188
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,935 49,924
43,935 49,924
CURRENT ASSETS
Stocks 5 58,640 53,780
Debtors 6 17,665 41,571
Cash at bank and in hand 202,753 226,423
279,058 321,774
Creditors: Amounts Falling Due Within One Year 7 (170,702 ) (231,191 )
NET CURRENT ASSETS (LIABILITIES) 108,356 90,583
TOTAL ASSETS LESS CURRENT LIABILITIES 152,291 140,507
Creditors: Amounts Falling Due After More Than One Year 8 (26,561 ) (36,695 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (6,200 ) (5,759 )
NET ASSETS 119,530 98,053
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 119,528 98,051
SHAREHOLDERS' FUNDS 119,530 98,053
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Page 2
For the year ending 31 October 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 27 March 2024 and were signed on its behalf by:
Mr Raja Ali
Director
Mrs Asiha Ali
Director
27th March 2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 November 2021 2 41,395 41,397
Profit for the year and total comprehensive income - 106,656 106,656
Dividends paid - (50,000) (50,000)
As at 31 October 2022 and 1 November 2022 2 98,051 98,053
Profit for the year and total comprehensive income - 71,477 71,477
Dividends paid - (50,000) (50,000)
As at 31 October 2023 2 119,528 119,530
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Page 4
Notes to the Abridged Financial Statements
1. General Information
Cavandish Supermarket Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08749188 . The registered office is 65 Alexandra Road South, Manchester, Lancashire, M16 8GJ.
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. 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.
2.3. 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.
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 10% Written Down Value Method
Motor Vehicles 10% Written Down Value Method
Fixtures & Fittings 15% Written Down Value Method
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.
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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 year 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.
2.7. Pensions
The company operates a thrid party 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. Average Number of Employees
♣Average number of employees, including directors, during the year was: 9 (2022: 10)
9 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 30,000 16,405 65,205 111,610
As at 31 October 2023 30,000 16,405 65,205 111,610
Depreciation
As at 1 November 2022 - 12,127 49,559 61,686
Provided during the period 3,000 642 2,347 5,989
As at 31 October 2023 3,000 12,769 51,906 67,675
Net Book Value
As at 31 October 2023 27,000 3,636 13,299 43,935
As at 1 November 2022 30,000 4,278 15,646 49,924
5. Stocks
2023 2022
£ £
Finished goods 58,640 53,780
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6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 7,970 7,970
Other debtors - 33,601
Other taxes and social security 9,695 -
17,665 41,571
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,835 108,257
Corporation tax 21,286 19,854
Other taxes and social security - 3,124
VAT 1,810 4,592
Other creditors 8,088 9,231
Accruals and deferred income 3,000 96
Directors' loan accounts 110,683 86,037
170,702 231,191
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,561 36,695
26,561 36,695
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 6,200 5,759
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2022 5,759 5,759
Additions 441 441
Balance at 31 October 2023 6,200 6,200
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Raja Ali 25,000 25,000
Mrs Asiha Ali 25,000 25,000
13. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 50,000 50,000
50,000 50,000
Dividend paid to the directors for the year ended was of £50,000 (2022:£50,000).
14. Related Party Transactions
Directors credit balance for year was of £110,683 (2022:£86,037). Directors is also owned the property and rent of £12K was charge for the year to the company.
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