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 06563780 Mr Chris Connors iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06563780 2022-12-31 06563780 2023-12-31 06563780 2023-01-01 2023-12-31 06563780 frs-core:CurrentFinancialInstruments 2023-12-31 06563780 frs-core:Non-currentFinancialInstruments 2023-12-31 06563780 frs-core:ComputerEquipment 2023-12-31 06563780 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06563780 frs-core:ComputerEquipment 2022-12-31 06563780 frs-core:FurnitureFittings 2023-12-31 06563780 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06563780 frs-core:FurnitureFittings 2022-12-31 06563780 frs-core:ShareCapital 2023-12-31 06563780 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06563780 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06563780 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06563780 frs-bus:SmallEntities 2023-01-01 2023-12-31 06563780 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06563780 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06563780 frs-bus:Director1 2023-01-01 2023-12-31 06563780 frs-countries:EnglandWales 2023-01-01 2023-12-31 06563780 2021-12-31 06563780 2022-12-31 06563780 2022-01-01 2022-12-31 06563780 frs-core:CurrentFinancialInstruments 2022-12-31 06563780 frs-core:Non-currentFinancialInstruments 2022-12-31 06563780 frs-core:ShareCapital 2022-12-31 06563780 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06563780
Coco's Sw Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Taxave Limited
59 Gales Drive
Crawley
RH10 1QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06563780
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,797 2,625
4,797 2,625
CURRENT ASSETS
Stocks 5 14,260 19,172
Debtors 6 6,322 18,969
Cash at bank and in hand 33,012 60,234
53,594 98,375
Creditors: Amounts Falling Due Within One Year 7 (43,090 ) (59,516 )
NET CURRENT ASSETS (LIABILITIES) 10,504 38,859
TOTAL ASSETS LESS CURRENT LIABILITIES 15,301 41,484
Creditors: Amounts Falling Due After More Than One Year 8 (15,000 ) (25,000 )
NET ASSETS 301 16,484
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 201 16,384
SHAREHOLDERS' FUNDS 301 16,484
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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 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 Chris Connors
Director
20th September 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
Coco's Sw Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06563780 . The registered office is 59 Gales Drive, Three Bridges, Crawley, West Sussex, RH10 1QA.
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. 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:
Fixtures & Fittings 15% Straight Line
Computer Equipment 25% Straight Line
2.4. 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.
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2.5. 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 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 8)
7 8
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 8,769 1,413 10,182
Additions 858 2,826 3,684
As at 31 December 2023 9,627 4,239 13,866
Depreciation
As at 1 January 2023 6,169 1,388 7,557
Provided during the period 781 731 1,512
As at 31 December 2023 6,950 2,119 9,069
Net Book Value
As at 31 December 2023 2,677 2,120 4,797
As at 1 January 2023 2,600 25 2,625
5. Stocks
2023 2022
£ £
Stock 14,260 19,172
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6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 6,027 6,128
Other debtors 295 -
Other taxes and social security - 1,696
Amounts owed by associates - 11,145
6,322 18,969
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,041 12,559
Bank loans and overdrafts 10,000 10,000
Corporation tax 4,097 9,185
VAT 8,711 5,344
Other creditors 1,219 1,233
Accruals and deferred income 118 101
Director's loan account 1,631 884
Amounts owed to associates 5,273 20,210
43,090 59,516
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,000 25,000
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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