Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01344104 Mrs K R Fane Mrs Z K Stock Mrs Z K Stock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01344104 2022-12-31 01344104 2023-12-31 01344104 2023-01-01 2023-12-31 01344104 frs-core:CurrentFinancialInstruments 2023-12-31 01344104 frs-core:FurnitureFittings 2023-12-31 01344104 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01344104 frs-core:FurnitureFittings 2022-12-31 01344104 frs-core:PlantMachinery 2023-12-31 01344104 frs-core:PlantMachinery 2023-01-01 2023-12-31 01344104 frs-core:PlantMachinery 2022-12-31 01344104 frs-core:WithinOneYear 2023-12-31 01344104 frs-core:CapitalRedemptionReserve 2023-12-31 01344104 frs-core:ShareCapital 2023-12-31 01344104 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01344104 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01344104 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01344104 frs-bus:SmallEntities 2023-01-01 2023-12-31 01344104 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01344104 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01344104 frs-bus:Director1 2023-01-01 2023-12-31 01344104 frs-bus:Director2 2023-01-01 2023-12-31 01344104 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01344104 frs-countries:EnglandWales 2023-01-01 2023-12-31 01344104 2021-12-31 01344104 2022-12-31 01344104 2022-01-01 2022-12-31 01344104 frs-core:CurrentFinancialInstruments 2022-12-31 01344104 frs-core:WithinOneYear 2022-12-31 01344104 frs-core:CapitalRedemptionReserve 2022-12-31 01344104 frs-core:ShareCapital 2022-12-31 01344104 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01344104
G. & J. Cash & Carry Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01344104
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,176 6,838
5,176 6,838
CURRENT ASSETS
Stocks 5 138,965 171,207
Debtors 6 14,415 140,319
Cash at bank and in hand 468,212 436,134
621,592 747,660
Creditors: Amounts Falling Due Within One Year 7 (46,080 ) (67,896 )
NET CURRENT ASSETS (LIABILITIES) 575,512 679,764
TOTAL ASSETS LESS CURRENT LIABILITIES 580,688 686,602
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,299 )
NET ASSETS 580,688 685,303
CAPITAL AND RESERVES
Called up share capital 2,515 2,515
Capital redemption reserve 17,500 17,500
Profit and Loss Account 560,673 665,288
SHAREHOLDERS' FUNDS 580,688 685,303
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For the year ending 31 December 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
Mrs Z K Stock
Director
6 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G. & J. Cash & Carry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01344104 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
The turnover shown in the profit and loss account represents income derived from the sale of children's clothing, exclusive of Value Added Tax. Revenue is recogised at the point at which goods are paid for and transferred. 
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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 and machinery 20% reducing balance
Fixtures and fittings 25% reducing balance
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. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
2.7. Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the
amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

2.9. Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 12)
12 12
4. Tangible Assets
Plant and machinery Fixtures and fittings Total
£ £ £
Cost
As at 1 January 2023 12,396 49,744 62,140
As at 31 December 2023 12,396 49,744 62,140
Depreciation
As at 1 January 2023 11,429 43,873 55,302
Provided during the period 194 1,468 1,662
As at 31 December 2023 11,623 45,341 56,964
Net Book Value
As at 31 December 2023 773 4,403 5,176
As at 1 January 2023 967 5,871 6,838
5. Stocks
2023 2022
£ £
Stock 138,965 171,207
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14 9,786
Prepayments and accrued income 5,421 6,010
Other debtors 295 124,523
Corporation tax recoverable assets 3,076 -
Deferred tax current asset 5,609 -
14,415 140,319
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 15,063 32,869
Other creditors 22,326 24,780
Taxation and social security 8,691 10,247
46,080 67,896
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 14,389 14,389
14,389 14,389
9. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
10. Related Party Transactions
The following related party transactions were undertaken during the year:
A director and shareholder introduced £1,120 (2022: £800) and withdrew £1,120 (2022: £1,400). At the balance sheet date the amount payable to the director was £22 (2022: £22).
A director and shareholder, had no transactions (2022: no transactions). At the balance sheet date the amount receivable was £Nil (2022: £Nil).
Dividends were paid to the shareholders in respect of their shareholdings totalling £60,000 (2022: £60,800).
The aggregate remuneration paid to key management personnel for the year was £60,606 (2022: £60,185).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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