Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04982513 Mr GRAHAM WALLACE Mr Perry Atkins Mrs PHYLLIS WALLACE Mr G Wallace true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04982513 2022-12-31 04982513 2023-12-31 04982513 2023-01-01 2023-12-31 04982513 frs-core:CurrentFinancialInstruments 2023-12-31 04982513 frs-core:Non-currentFinancialInstruments 2023-12-31 04982513 frs-core:FurnitureFittings 2023-12-31 04982513 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04982513 frs-core:FurnitureFittings 2022-12-31 04982513 frs-core:NetGoodwill 2023-12-31 04982513 frs-core:NetGoodwill 2023-01-01 2023-12-31 04982513 frs-core:NetGoodwill 2022-12-31 04982513 frs-core:MotorVehicles 2023-12-31 04982513 frs-core:MotorVehicles 2023-01-01 2023-12-31 04982513 frs-core:MotorVehicles 2022-12-31 04982513 frs-core:PlantMachinery 2023-12-31 04982513 frs-core:PlantMachinery 2023-01-01 2023-12-31 04982513 frs-core:PlantMachinery 2022-12-31 04982513 frs-core:ShareCapital 2023-12-31 04982513 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04982513 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04982513 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04982513 frs-bus:SmallEntities 2023-01-01 2023-12-31 04982513 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04982513 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04982513 1 2023-01-01 2023-12-31 04982513 frs-bus:Director1 2023-01-01 2023-12-31 04982513 frs-bus:Director2 2023-01-01 2023-12-31 04982513 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04982513 1 2023-01-01 2023-12-31 04982513 frs-core:CurrentFinancialInstruments 1 2023-12-31 04982513 frs-core:CurrentFinancialInstruments 2 2023-12-31 04982513 frs-countries:EnglandWales 2023-01-01 2023-12-31 04982513 2021-12-31 04982513 2022-12-31 04982513 2022-01-01 2022-12-31 04982513 frs-core:CurrentFinancialInstruments 2022-12-31 04982513 frs-core:Non-currentFinancialInstruments 2022-12-31 04982513 frs-core:ShareCapital 2022-12-31 04982513 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04982513 1 2022-01-01 2022-12-31 04982513 frs-core:CurrentFinancialInstruments 1 2022-12-31 04982513 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 04982513
Classic Pot Emporium Limited
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: 04982513
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 80,644 80,644
Tangible Assets 5 13,023 16,277
93,667 96,921
CURRENT ASSETS
Stocks 6 44,906 63,445
Debtors 7 58,104 48,311
Cash at bank and in hand 38,736 55,979
141,746 167,735
Creditors: Amounts Falling Due Within One Year 8 (102,841 ) (108,411 )
NET CURRENT ASSETS (LIABILITIES) 38,905 59,324
TOTAL ASSETS LESS CURRENT LIABILITIES 132,572 156,245
Creditors: Amounts Falling Due After More Than One Year 9 (92,089 ) (100,239 )
NET ASSETS 40,483 56,006
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 39,483 55,006
SHAREHOLDERS' FUNDS 40,483 56,006
Page 1
Page 2
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
Mr GRAHAM WALLACE
Director
Mr Perry Atkins
Director
3rd May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Classic Pot Emporium Limited Registered number 04982513 is a limited by shares company incorporated in England & Wales. The Registered Office is 30A STRAIGHT ROAD, BOXTED, COLCHESTER, ESSEX, C04 5HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax, Trade discounts, are defined as a cost.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of the former partnership business and the fair value of the separable net assets.No depreciation is allowed for Goodwill 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 % W.D.V
Motor Vehicles 20 % W.D.V
Fixtures & Fittings 15 % W.D.V
2.5. 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.
2.6. 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.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 1 1
Distribution 2 2
4 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 80,644
As at 31 December 2023 80,644
Net Book Value
As at 31 December 2023 80,644
As at 1 January 2023 80,644
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 58,547 22,289 177 81,013
As at 31 December 2023 58,547 22,289 177 81,013
Depreciation
As at 1 January 2023 43,803 20,765 168 64,736
Provided during the period 2,948 304 2 3,254
As at 31 December 2023 46,751 21,069 170 67,990
Net Book Value
As at 31 December 2023 11,796 1,220 7 13,023
As at 1 January 2023 14,744 1,524 9 16,277
6. Stocks
2023 2022
£ £
Finished goods 44,906 63,445
Closing stock of finished goods, is the value, net of Value Added Tax, that is expected to be realised within normal trading.
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 53,769 45,186
Prepayments and accrued income 1,945 1,375
Other debtors - 1,750
Other Debtors/Factoring 2,390 -
58,104 48,311
Trade Debtors are amount due for payment within the next Financial year.
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,032 42,923
Corporation tax 46 5,602
VAT 19,108 52,454
Other Creditors/Visa 8,619 8,611
Other Creditors/Factoring 47,852 (2,098 )
Accruals and deferred income 2,039 919
Directors' loan accounts 145 -
102,841 108,411
Trade Creditors are due for payment with in the next Financial year 
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,116 25,026
Directors loan account 73,973 75,213
92,089 100,239
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of his ownership of the majority of the issued share capital in the company.
Page 5