Acorah Software Products - Accounts Production 14.5.601 false true true false 6 September 2022 30 September 2023 30 September 2023 14339007 Miss J Leadbeater Mr A Basford Miss J Leadbeater and Mr A Basford true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14339007 2022-09-05 14339007 2023-09-30 14339007 2022-09-06 2023-09-30 14339007 frs-core:CurrentFinancialInstruments 2023-09-30 14339007 frs-core:ComputerEquipment 2023-09-30 14339007 frs-core:ComputerEquipment 2022-09-06 2023-09-30 14339007 frs-core:ComputerEquipment 2022-09-05 14339007 frs-core:PlantMachinery 2023-09-30 14339007 frs-core:PlantMachinery 2022-09-06 2023-09-30 14339007 frs-core:PlantMachinery 2022-09-05 14339007 frs-core:ShareCapital 2023-09-30 14339007 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 14339007 frs-bus:PrivateLimitedCompanyLtd 2022-09-06 2023-09-30 14339007 frs-bus:FilletedAccounts 2022-09-06 2023-09-30 14339007 frs-bus:SmallEntities 2022-09-06 2023-09-30 14339007 frs-bus:AuditExempt-NoAccountantsReport 2022-09-06 2023-09-30 14339007 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-06 2023-09-30 14339007 1 2022-09-06 2023-09-30 14339007 frs-bus:Director1 2022-09-06 2023-09-30 14339007 frs-bus:Director2 2022-09-06 2023-09-30 14339007 frs-core:CurrentFinancialInstruments 1 2023-09-30 14339007 frs-countries:EnglandWales 2022-09-06 2023-09-30
Registered number: 14339007
Chase Access Limited
Unaudited Financial Statements
For the Period 6 September 2022 to 30 September 2023
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14339007
30 September 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 4,008
4,008
CURRENT ASSETS
Stocks 5 3,000
Debtors 6 3,625
Cash at bank and in hand 2,472
9,097
Creditors: Amounts Falling Due Within One Year 7 (11,967 )
NET CURRENT ASSETS (LIABILITIES) (2,870 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,138
NET ASSETS 1,138
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account 1,136
SHAREHOLDERS' FUNDS 1,138
Page 1
Page 2
For the period ending 30 September 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
Miss J Leadbeater
Director
8 April 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chase Access Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14339007 . The registered office is North Lodge, Hawkesyard, Rugeley, Staffordshire, WS15 1PS.
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
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
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.
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.
2.4. 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% - on cost
Computer Equipment 33% - on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are changed to profit or loss on a straight line basis over the period of the lease.
2.6. 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.
2.7. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
Page 3
Page 4
2.8. 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.
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.
2.9. Pensions
The company operates a 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 period was: 5
5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 6 September 2022 - - -
Additions 4,573 374 4,947
As at 30 September 2023 4,573 374 4,947
Depreciation
As at 6 September 2022 - - -
Provided during the period 853 86 939
As at 30 September 2023 853 86 939
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2023 3,720 288 4,008
As at 6 September 2022 - - -
5. Stocks
30 September 2023
£
Stock 3,000
6. Debtors
30 September 2023
£
Due within one year
Prepayments and accrued income 1,840
VAT 1,785
3,625
7. Creditors: Amounts Falling Due Within One Year
30 September 2023
£
Trade creditors 2,719
Corporation tax 316
Other taxes and social security 357
Pension creditor 3
Accruals and deferred income 600
Directors' loan accounts 7,972
11,967
8. Share Capital
30 September 2023
£
Allotted, Called up and fully paid 2
Page 5
Page 6
9. Ultimate Controlling Party
The company's ultimate controlling party is Miss J Leadbeater and Mr A Basford by virtue of their ownership of 100% of the issued share capital in the company.
10. Working capital deficit
Current liabilities exceed current assets however, the company is able to meet any liabilities that may fall due.
Page 6