Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10338693 Mrs Lisa Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10338693 2022-08-31 10338693 2023-08-31 10338693 2022-09-01 2023-08-31 10338693 frs-core:Non-currentFinancialInstruments 2023-08-31 10338693 frs-core:ComputerEquipment 2023-08-31 10338693 frs-core:ComputerEquipment 2022-09-01 2023-08-31 10338693 frs-core:ComputerEquipment 2022-08-31 10338693 frs-core:NetGoodwill 2023-08-31 10338693 frs-core:NetGoodwill 2022-09-01 2023-08-31 10338693 frs-core:NetGoodwill 2022-08-31 10338693 frs-core:PlantMachinery 2023-08-31 10338693 frs-core:PlantMachinery 2022-09-01 2023-08-31 10338693 frs-core:PlantMachinery 2022-08-31 10338693 frs-core:ShareCapital 2023-08-31 10338693 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10338693 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10338693 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10338693 frs-bus:SmallEntities 2022-09-01 2023-08-31 10338693 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10338693 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10338693 frs-bus:Director1 2022-09-01 2023-08-31 10338693 frs-countries:EnglandWales 2022-09-01 2023-08-31 10338693 2021-08-31 10338693 2022-08-31 10338693 2021-09-01 2022-08-31 10338693 frs-core:Non-currentFinancialInstruments 2022-08-31 10338693 frs-core:ShareCapital 2022-08-31 10338693 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10338693
Cheadle Tanning Studio Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10338693
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 19,598 13,842
19,598 13,842
CURRENT ASSETS
Stocks 6 3,022 2,536
Debtors 1,185 1,344
Cash at bank and in hand 3,852 10,192
8,059 14,072
Creditors: Amounts Falling Due Within One Year (10,064 ) (15,204 )
NET CURRENT ASSETS (LIABILITIES) (2,005 ) (1,132 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,593 12,710
Creditors: Amounts Falling Due After More Than One Year 7 (1,200 ) (1,800 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,724 ) (2,630 )
NET ASSETS 12,669 8,280
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 12,667 8,278
SHAREHOLDERS' FUNDS 12,669 8,280
Page 1
Page 2
For the year ending 31 August 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 director acknowledges her 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 Lisa Davies
Director
27/08/2024
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
Cheadle Tanning Studio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10338693 . The registered office is Unit 11, Bingswood Industrial Estate, Whaley Bridge, High Peak, SK23 7LY.
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. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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. 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 profit and loss account over its estimated economic life of .... years.
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:
Plant & Machinery 15% straight line per annum.
Computer Equipment 33% straight line per annum.
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. 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 1,000
As at 31 August 2023 1,000
Amortisation
As at 1 September 2022 1,000
As at 31 August 2023 1,000
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2022 32,117 2,310 34,427
Additions 9,630 - 9,630
As at 31 August 2023 41,747 2,310 44,057
Depreciation
As at 1 September 2022 18,991 1,594 20,585
Provided during the period 3,430 444 3,874
As at 31 August 2023 22,421 2,038 24,459
Net Book Value
As at 31 August 2023 19,326 272 19,598
As at 1 September 2022 13,126 716 13,842
6. Stocks
2023 2022
£ £
Materials 3,022 2,536
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,200 1,800
8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2023 2022
£ £
Other timing differences 3,724 2,630
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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