Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06021608 S L Constancon M A Chafekar T B Dube E A Harkins S L Hutton M S Kerns P Attard Montalto N L Naude F W Pietersen J Rosenthal A D Skipper M Tembe D C Zietsman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06021608 2022-12-31 06021608 2023-12-31 06021608 2023-01-01 2023-12-31 06021608 frs-core:CurrentFinancialInstruments 2023-12-31 06021608 frs-core:Non-currentFinancialInstruments 2023-12-31 06021608 frs-core:ComputerEquipment 2023-12-31 06021608 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06021608 frs-core:ComputerEquipment 2022-12-31 06021608 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06021608 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 06021608 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06021608 frs-bus:SmallEntities 2023-01-01 2023-12-31 06021608 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06021608 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06021608 frs-bus:Director1 2023-01-01 2023-12-31 06021608 frs-bus:Director2 2023-01-01 2023-12-31 06021608 frs-bus:Director3 2023-01-01 2023-12-31 06021608 frs-bus:Director4 2023-01-01 2023-12-31 06021608 frs-bus:Director5 2023-01-01 2023-12-31 06021608 frs-bus:Director6 2023-01-01 2023-12-31 06021608 frs-bus:Director7 2023-01-01 2023-12-31 06021608 frs-bus:Director8 2023-01-01 2023-12-31 06021608 frs-bus:Director9 2023-01-01 2023-12-31 06021608 frs-bus:Director10 2023-01-01 2023-12-31 06021608 frs-bus:Director11 2023-01-01 2023-12-31 06021608 frs-bus:Director12 2023-01-01 2023-12-31 06021608 frs-bus:Director13 2023-01-01 2023-12-31 06021608 frs-countries:EnglandWales 2023-01-01 2023-12-31 06021608 2021-12-31 06021608 2022-12-31 06021608 2022-01-01 2022-12-31 06021608 frs-core:CurrentFinancialInstruments 2022-12-31 06021608 frs-core:Non-currentFinancialInstruments 2022-12-31 06021608 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06021608
South African Chamber of Commerce (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06021608
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 17,155 29,725
Cash at bank and in hand 22,409 10,838
39,564 40,563
Creditors: Amounts Falling Due Within One Year 6 (40,332 ) (27,171 )
NET CURRENT ASSETS (LIABILITIES) (768 ) 13,392
TOTAL ASSETS LESS CURRENT LIABILITIES (768 ) 13,392
Creditors: Amounts Falling Due After More Than One Year 7 (11,320 ) (16,980 )
NET LIABILITIES (12,088 ) (3,588 )
Income and Expenditure Account (12,088 ) (3,588 )
MEMBERS' FUNDS (12,088) (3,588)
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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 Income and Expenditure Account.
On behalf of the board
S L Constancon
Director
27/08/2024
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
South African Chamber of Commerce (UK) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06021608 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
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 FRS 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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents contributions made by members and income received from sponsorships, donations and chamber events such as training seminars and workshops held for members.
Where payments are received from members in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
2.4. 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:
Computer Equipment 33% on cost
2.5. 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 surplus.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 2,271
As at 31 December 2023 2,271
Depreciation
As at 1 January 2023 2,271
As at 31 December 2023 2,271
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,905 29,645
Prepayments and accrued income 250 -
Other debtors - 80
17,155 29,725
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,913 3,575
Bank loans and overdrafts 5,660 5,660
VAT 9,259 3,436
Accruals and deferred income 21,500 14,500
40,332 27,171
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounce back loan - due 1-5 years 11,320 16,980
11,320 16,980
The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.
8. Taxation
The company has £35,552 (2022: £27,055) of carried forward losses that can be utilised against future taxable profits.
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