Acorah Software Products - Accounts Production 15.0.500 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07923319 Mr Lee Succoia Mrs Sally Succoia Mrs Sally Succoia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07923319 2023-03-31 07923319 2024-03-31 07923319 2023-04-01 2024-03-31 07923319 frs-core:CurrentFinancialInstruments 2024-03-31 07923319 frs-core:Non-currentFinancialInstruments 2024-03-31 07923319 frs-core:BetweenOneFiveYears 2024-03-31 07923319 frs-core:ComputerEquipment 2024-03-31 07923319 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07923319 frs-core:ComputerEquipment 2023-03-31 07923319 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07923319 frs-core:NetGoodwill 2024-03-31 07923319 frs-core:NetGoodwill 2023-04-01 2024-03-31 07923319 frs-core:NetGoodwill 2023-03-31 07923319 frs-core:MotorVehicles 2024-03-31 07923319 frs-core:MotorVehicles 2023-04-01 2024-03-31 07923319 frs-core:MotorVehicles 2023-03-31 07923319 frs-core:OtherResidualIntangibleAssets 2024-03-31 07923319 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 07923319 frs-core:OtherResidualIntangibleAssets 2023-03-31 07923319 frs-core:PlantMachinery 2024-03-31 07923319 frs-core:PlantMachinery 2023-04-01 2024-03-31 07923319 frs-core:PlantMachinery 2023-03-31 07923319 frs-core:WithinOneYear 2024-03-31 07923319 frs-core:ShareCapital 2024-03-31 07923319 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07923319 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07923319 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07923319 frs-bus:SmallEntities 2023-04-01 2024-03-31 07923319 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07923319 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07923319 frs-bus:Director1 2023-04-01 2024-03-31 07923319 frs-bus:Director2 2023-04-01 2024-03-31 07923319 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07923319 frs-countries:EnglandWales 2023-04-01 2024-03-31 07923319 2022-03-31 07923319 2023-03-31 07923319 2022-04-01 2023-03-31 07923319 frs-core:CurrentFinancialInstruments 2023-03-31 07923319 frs-core:Non-currentFinancialInstruments 2023-03-31 07923319 frs-core:BetweenOneFiveYears 2023-03-31 07923319 frs-core:WithinOneYear 2023-03-31 07923319 frs-core:ShareCapital 2023-03-31 07923319 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07923319
Chanter Biomed Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07923319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 59,190 82,973
Tangible Assets 5 74,748 49,099
133,938 132,072
CURRENT ASSETS
Stocks 194,475 210,611
Debtors 6 276,964 229,412
Cash at bank and in hand 136,883 72,524
608,322 512,547
Creditors: Amounts Falling Due Within One Year 7 (282,460 ) (216,191 )
NET CURRENT ASSETS (LIABILITIES) 325,862 296,356
TOTAL ASSETS LESS CURRENT LIABILITIES 459,800 428,428
Creditors: Amounts Falling Due After More Than One Year 8 (13,782 ) (26,448 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,067 ) (13,654 )
NET ASSETS 425,951 388,326
CAPITAL AND RESERVES
Called up share capital 11 2 2
Income Statement 425,949 388,324
SHAREHOLDERS' FUNDS 425,951 388,326
Page 1
Page 2
For the year ending 31 March 2024 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 Income Statement.
On behalf of the board
Mr Lee Succoia
Director
8 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Chanter Biomed Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07923319 . The registered office is 1 Hanworth Road, Low Moor, Bradford, BD12 0SG.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 15 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. It is amortised to income statement over its estimated economic life of 3 years.
2.6. 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 balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.8. 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 year 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2.9. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 269,212 17,500 286,712
As at 31 March 2024 269,212 17,500 286,712
Amortisation
As at 1 April 2023 197,420 6,319 203,739
Provided during the period 17,949 5,834 23,783
As at 31 March 2024 215,369 12,153 227,522
Net Book Value
As at 31 March 2024 53,843 5,347 59,190
As at 1 April 2023 71,792 11,181 82,973
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 78,504 82,112 5,323 165,939
Additions - 45,990 685 46,675
As at 31 March 2024 78,504 128,102 6,008 212,614
Depreciation
As at 1 April 2023 58,888 54,436 3,516 116,840
Provided during the period 2,943 16,501 1,582 21,026
As at 31 March 2024 61,831 70,937 5,098 137,866
Net Book Value
As at 31 March 2024 16,673 57,165 910 74,748
As at 1 April 2023 19,616 27,676 1,807 49,099
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 249,101 212,390
Amounts owed by participating interests 8,038 -
Other debtors 19,825 17,022
276,964 229,412
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,448 5,374
Trade creditors 102,184 98,333
Bank loans and overdrafts 10,000 10,000
Other creditors 20,423 13,653
Taxation and social security 138,405 88,831
282,460 216,191
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,250 3,948
Bank loans 12,532 22,500
13,782 26,448
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9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,698 9,322
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,448 5,374
Later than one year and not later than five years 1,250 3,948
12,698 9,322
12,698 9,322
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than one year 7,659 12,698
Later than one year and not later than five years 7,021 14,680
14,680 27,378
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