Acorah Software Products - Accounts Production 14.5.601 false true false 1 June 2022 31 May 2023 31 May 2023 14102809 Mr Michael Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14102809 2022-05-31 14102809 2023-05-31 14102809 2022-06-01 2023-05-31 14102809 frs-core:CurrentFinancialInstruments 2023-05-31 14102809 frs-core:ComputerEquipment 2023-05-31 14102809 frs-core:ComputerEquipment 2022-06-01 2023-05-31 14102809 frs-core:ComputerEquipment 2022-05-31 14102809 frs-core:FurnitureFittings 2023-05-31 14102809 frs-core:FurnitureFittings 2022-06-01 2023-05-31 14102809 frs-core:FurnitureFittings 2022-05-31 14102809 frs-core:PlantMachinery 2023-05-31 14102809 frs-core:PlantMachinery 2022-06-01 2023-05-31 14102809 frs-core:PlantMachinery 2022-05-31 14102809 frs-core:ShareCapital 2023-05-31 14102809 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 14102809 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 14102809 frs-bus:FilletedAccounts 2022-06-01 2023-05-31 14102809 frs-bus:SmallEntities 2022-06-01 2023-05-31 14102809 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 14102809 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 14102809 frs-bus:Director1 2022-06-01 2023-05-31 14102809 frs-countries:EnglandWales 2022-06-01 2023-05-31
Registered number: 14102809
The Cheeseboard Limited
Unaudited Financial Statements
For The Year Ended 31 May 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14102809
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 7,785
7,785
CURRENT ASSETS
Stocks 5 8,780
Debtors 6 32,610
Cash at bank and in hand 93,561
134,951
Creditors: Amounts Falling Due Within One Year 7 (54,723 )
NET CURRENT ASSETS (LIABILITIES) 80,228
TOTAL ASSETS LESS CURRENT LIABILITIES 88,013
NET ASSETS 88,013
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account 88,012
SHAREHOLDERS' FUNDS 88,013
Page 1
Page 2
For the year ending 31 May 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
Mr Michael Jones
Director
24/04/2024
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
The Cheeseboard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14102809 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 15% on reducing basis
Fixtures & Fittings 15% on reducing basis
Computer Equipment 15% on reducing basis
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. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10
10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2022 - - - -
Additions 3,973 2,322 3,751 10,046
As at 31 May 2023 3,973 2,322 3,751 10,046
Depreciation
As at 1 June 2022 - - - -
Provided during the period 894 523 844 2,261
As at 31 May 2023 894 523 844 2,261
Net Book Value
As at 31 May 2023 3,079 1,799 2,907 7,785
As at 1 June 2022 - - - -
5. Stocks
2023
£
Stock 8,780
6. Debtors
2023
£
Due within one year
Other debtors 32,610
7. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 26,623
Other creditors 958
Taxation and social security 27,142
54,723
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8. Share Capital
2023
£
Allotted, Called up and fully paid 1
Page 5