Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 NI654553 Mr Christopher Hewitt Mr Christopher Hewitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI654553 2023-07-31 NI654553 2024-07-31 NI654553 2023-08-01 2024-07-31 NI654553 frs-core:CurrentFinancialInstruments 2024-07-31 NI654553 frs-core:Non-currentFinancialInstruments 2024-07-31 NI654553 frs-core:ComputerEquipment 2024-07-31 NI654553 frs-core:ComputerEquipment 2023-08-01 2024-07-31 NI654553 frs-core:ComputerEquipment 2023-07-31 NI654553 frs-core:FurnitureFittings 2023-08-01 2024-07-31 NI654553 frs-core:NetGoodwill 2024-07-31 NI654553 frs-core:NetGoodwill 2023-08-01 2024-07-31 NI654553 frs-core:NetGoodwill 2023-07-31 NI654553 frs-core:MotorVehicles 2023-08-01 2024-07-31 NI654553 frs-core:PlantMachinery 2024-07-31 NI654553 frs-core:PlantMachinery 2023-08-01 2024-07-31 NI654553 frs-core:PlantMachinery 2023-07-31 NI654553 frs-core:ShareCapital 2024-07-31 NI654553 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI654553 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI654553 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 NI654553 frs-bus:SmallEntities 2023-08-01 2024-07-31 NI654553 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 NI654553 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI654553 frs-bus:Director1 2023-08-01 2024-07-31 NI654553 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 NI654553 frs-countries:NorthernIreland 2023-08-01 2024-07-31 NI654553 2022-07-31 NI654553 2023-07-31 NI654553 2022-08-01 2023-07-31 NI654553 frs-core:CurrentFinancialInstruments 2023-07-31 NI654553 frs-core:Non-currentFinancialInstruments 2023-07-31 NI654553 frs-core:ShareCapital 2023-07-31 NI654553 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: NI654553
Chewitts Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
MMC Ltd
Moorefield
Lurgan
CRAIGAVON
Armagh
BT66 7NJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI654553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,500 12,500
Tangible Assets 5 - 2,722
12,500 15,222
CURRENT ASSETS
Stocks 6 41,325 46,014
Debtors 7 1,190 17,882
Cash at bank and in hand 20,749 16,118
63,264 80,014
Creditors: Amounts Falling Due Within One Year 8 (34,289 ) (104,042 )
NET CURRENT ASSETS (LIABILITIES) 28,975 (24,028 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,475 (8,806 )
Creditors: Amounts Falling Due After More Than One Year 9 (41,473 ) (2,833 )
NET ASSETS/(LIABILITIES) 2 (11,639 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1 (11,640 )
SHAREHOLDERS' FUNDS 2 (11,639)
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Christopher Hewitt
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Chewitts Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI654553 . The registered office is 53 Demesne Avenue, Lurgan, Craigavon, Armagh, BT66 7BN.
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. 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.
Sale of goods
Turnover from 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 Write down to realisable value
Motor Vehicles Write down to realisable value
Fixtures & Fittings Write down to realisable value
Computer Equipment Write down to realisable value
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 12,500
As at 31 July 2024 12,500
Net Book Value
As at 31 July 2024 12,500
As at 1 August 2023 12,500
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 - 2,722 2,722
As at 31 July 2024 - 2,722 2,722
Depreciation
As at 1 August 2023 - - -
Provided during the period 2,722 - 2,722
As at 31 July 2024 2,722 - 2,722
Net Book Value
As at 31 July 2024 (2,722 ) 2,722 -
As at 1 August 2023 - 2,722 2,722
6. Stocks
2024 2023
£ £
Finished goods 41,325 46,014
7. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Trade debtors 1,190 17,882
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,420 12,556
Bank loans and overdrafts 16,360 1,360
Other creditors 8,587 77,791
Taxation and social security 922 12,335
34,289 104,042
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,473 2,833
Other creditors 40,000 -
41,473 2,833
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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