Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 08682875 Mr Christopher Kingzett Mrs Madeleine Kingzett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08682875 2022-09-30 08682875 2023-09-30 08682875 2022-10-01 2023-09-30 08682875 frs-core:Non-currentFinancialInstruments 2023-09-30 08682875 frs-core:FurnitureFittings 2022-10-01 2023-09-30 08682875 frs-core:PlantMachinery 2022-10-01 2023-09-30 08682875 frs-core:ShareCapital 2023-09-30 08682875 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08682875 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08682875 frs-bus:AbridgedAccounts 2022-10-01 2023-09-30 08682875 frs-bus:SmallEntities 2022-10-01 2023-09-30 08682875 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08682875 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08682875 frs-bus:Director1 2022-10-01 2023-09-30 08682875 frs-bus:Director2 2022-10-01 2023-09-30 08682875 frs-countries:EnglandWales 2022-10-01 2023-09-30 08682875 2021-09-30 08682875 2022-09-30 08682875 2021-10-01 2022-09-30 08682875 frs-core:Non-currentFinancialInstruments 2022-09-30 08682875 frs-core:ShareCapital 2022-09-30 08682875 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 08682875
Christopher Kingzett Fine Art Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08682875
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,703 18,271
13,703 18,271
CURRENT ASSETS
Stocks 659,618 738,215
Debtors 36,899 20,639
Cash at bank and in hand 243,156 116,633
939,673 875,487
Creditors: Amounts Falling Due Within One Year (837,255 ) (791,471 )
NET CURRENT ASSETS (LIABILITIES) 102,418 84,016
TOTAL ASSETS LESS CURRENT LIABILITIES 116,121 102,287
Creditors: Amounts Falling Due After More Than One Year (31,738 ) (30,874 )
NET ASSETS 84,383 71,413
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 84,283 71,313
SHAREHOLDERS' FUNDS 84,383 71,413
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For the year 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Christopher Kingzett
Director
Mrs Madeleine Kingzett
Director
24/01/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Christopher Kingzett Fine Art Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08682875 . The registered office is 68 Camberwell Grove , London, SE5 8RF.
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 25% on cost
Fixtures & Fittings 33% on cost
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Total
£
Cost
As at 1 October 2022 19,839
As at 30 September 2023 19,839
Depreciation
As at 1 October 2022 1,568
Provided during the period 4,568
As at 30 September 2023 6,136
Net Book Value
As at 30 September 2023 13,703
As at 1 October 2022 18,271
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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