Acorah Software Products - Accounts Production 14.6.300 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 12205429 Ms Jenny Wing Sum Ng Mr Chun Ip David Yeung iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12205429 2022-09-30 12205429 2023-09-30 12205429 2022-10-01 2023-09-30 12205429 frs-core:CurrentFinancialInstruments 2023-09-30 12205429 frs-core:Non-currentFinancialInstruments 2023-09-30 12205429 frs-core:ComputerEquipment 2023-09-30 12205429 frs-core:ComputerEquipment 2022-10-01 2023-09-30 12205429 frs-core:ComputerEquipment 2022-09-30 12205429 frs-core:ShareCapital 2023-09-30 12205429 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12205429 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12205429 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 12205429 frs-bus:SmallEntities 2022-10-01 2023-09-30 12205429 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12205429 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12205429 frs-bus:Director1 2022-10-01 2023-09-30 12205429 frs-bus:Director2 2022-10-01 2023-09-30 12205429 frs-countries:EnglandWales 2022-10-01 2023-09-30 12205429 2021-09-30 12205429 2022-09-30 12205429 2021-10-01 2022-09-30 12205429 frs-core:CurrentFinancialInstruments 2022-09-30 12205429 frs-core:Non-currentFinancialInstruments 2022-09-30 12205429 frs-core:ShareCapital 2022-09-30 12205429 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 12205429 frs-core:CurrentFinancialInstruments 1 2022-09-30
Registered number: 12205429
Common Good (UK) Trading Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12205429
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,823 3,067
1,823 3,067
CURRENT ASSETS
Stocks 5 27,170 109,261
Debtors 6 49,140 92,500
Cash at bank and in hand 17,468 18,171
93,778 219,932
Creditors: Amounts Falling Due Within One Year 7 (45,223 ) (54,225 )
NET CURRENT ASSETS (LIABILITIES) 48,555 165,707
TOTAL ASSETS LESS CURRENT LIABILITIES 50,378 168,774
Creditors: Amounts Falling Due After More Than One Year 8 (1,307,727 ) (1,104,878 )
NET LIABILITIES (1,257,349 ) (936,104 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (1,257,350 ) (936,105 )
SHAREHOLDERS' FUNDS (1,257,349) (936,104)
Page 1
Page 2
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.
On behalf of the board
Mr Chun Ip David Yeung
Director
24/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Common Good (UK) Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12205429 . The registered office is 107 Curtain House, 134-146 Curtain Rd, London, EC2A 3AR.
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:
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 6)
2 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2022 3,634
Disposals (332 )
As at 30 September 2023 3,302
Depreciation
As at 1 October 2022 567
Provided during the period 912
As at 30 September 2023 1,479
Net Book Value
As at 30 September 2023 1,823
As at 1 October 2022 3,067
Page 3
Page 4
5. Stocks
2023 2022
£ £
Finished goods 27,170 109,261
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,266 59,474
Prepayments and accrued income 2,279 9,301
Other debtors - 14,449
Shareholder's current account - 1
VAT 38,595 9,275
49,140 92,500
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 43,818 38,528
Accruals and deferred income 1,405 15,697
45,223 54,225
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 1,307,727 1,104,878
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4