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 09709348 Ms Katie Klein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09709348 2022-07-31 09709348 2023-07-31 09709348 2022-08-01 2023-07-31 09709348 frs-core:CurrentFinancialInstruments 2023-07-31 09709348 frs-core:Non-currentFinancialInstruments 2023-07-31 09709348 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09709348 frs-core:PlantMachinery 2023-07-31 09709348 frs-core:PlantMachinery 2022-08-01 2023-07-31 09709348 frs-core:PlantMachinery 2022-07-31 09709348 frs-core:ShareCapital 2023-07-31 09709348 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09709348 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09709348 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09709348 frs-bus:SmallEntities 2022-08-01 2023-07-31 09709348 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09709348 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09709348 frs-core:CostValuation 2022-07-31 09709348 frs-core:CostValuation 2023-07-31 09709348 frs-core:ProvisionsForImpairmentInvestments 2022-07-31 09709348 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 09709348 frs-bus:Director1 2022-08-01 2023-07-31 09709348 frs-countries:EnglandWales 2022-08-01 2023-07-31 09709348 2021-07-31 09709348 2022-07-31 09709348 2021-08-01 2022-07-31 09709348 frs-core:CurrentFinancialInstruments 2022-07-31 09709348 frs-core:Non-currentFinancialInstruments 2022-07-31 09709348 frs-core:ShareCapital 2022-07-31 09709348 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09709348
CHIP AND PIN HERTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09709348
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 833 880
Investments 5 20,000 20,000
20,833 20,880
CURRENT ASSETS
Debtors 6 29,045 19,914
Cash at bank and in hand (17,678 ) (8,582 )
11,367 11,332
Creditors: Amounts Falling Due Within One Year 7 (57,068 ) (45,693 )
NET CURRENT ASSETS (LIABILITIES) (45,701 ) (34,361 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,868 ) (13,481 )
Creditors: Amounts Falling Due After More Than One Year 8 (29,830 ) (38,877 )
NET LIABILITIES (54,698 ) (52,358 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (54,700 ) (52,360 )
SHAREHOLDERS' FUNDS (54,698) (52,358)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Katie Klein
Director
12/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
CHIP AND PIN HERTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09709348 . The registered office is 206 New Road, Croxley Green, WD3 3HH.
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:
Plant & Machinery 5 Reducing Balance
Computer Equipment 25 Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 3)
1 3
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2022 62,170
Additions 632
As at 31 July 2023 62,802
Depreciation
As at 1 August 2022 61,290
Provided during the period 679
As at 31 July 2023 61,969
Net Book Value
As at 31 July 2023 833
As at 1 August 2022 880
5. Investments
Other
£
Cost
As at 1 August 2022 20,000
As at 31 July 2023 20,000
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 20,000
As at 1 August 2022 20,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,730 14,101
Other debtors 24,315 5,813
29,045 19,914
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 30,387 12,987
Bank loans and overdrafts 6,583 6,583
Other creditors 20,098 12,362
Taxation and social security - 13,761
57,068 45,693
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 29,830 38,877
29,830 38,877
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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