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 12134844 Mr Terry Pell Mrs Laura Pell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12134844 2023-07-31 12134844 2024-07-31 12134844 2023-08-01 2024-07-31 12134844 frs-core:CurrentFinancialInstruments 2024-07-31 12134844 frs-core:Non-currentFinancialInstruments 2024-07-31 12134844 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12134844 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12134844 frs-core:PlantMachinery 2024-07-31 12134844 frs-core:PlantMachinery 2023-08-01 2024-07-31 12134844 frs-core:PlantMachinery 2023-07-31 12134844 frs-core:ShareCapital 2024-07-31 12134844 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12134844 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12134844 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12134844 frs-bus:SmallEntities 2023-08-01 2024-07-31 12134844 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12134844 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12134844 frs-bus:Director1 2023-08-01 2024-07-31 12134844 frs-bus:Director2 2023-08-01 2024-07-31 12134844 frs-countries:EnglandWales 2023-08-01 2024-07-31 12134844 2022-07-31 12134844 2023-07-31 12134844 2022-08-01 2023-07-31 12134844 frs-core:CurrentFinancialInstruments 2023-07-31 12134844 frs-core:Non-currentFinancialInstruments 2023-07-31 12134844 frs-core:ShareCapital 2023-07-31 12134844 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12134844
The Design Chapter Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Michael Paul Accountants Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of The Design Chapter Ltd for the year ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Design Chapter Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of The Design Chapter Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Design Chapter Ltd and state those matters that we have agreed to state to the directors of The Design Chapter Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Design Chapter Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that The Design Chapter Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Design Chapter Ltd . You consider that The Design Chapter Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Design Chapter Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
18/09/2024
Michael Paul Accountants Limited
A member of the Association of Chartered Certified Accountants
Studio 2, Lamport Manor
Old Road, Lamport
Northampton
Northamptonshire
NN6 9HF
Page 1
Page 2
Balance Sheet
Registered number: 12134844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,178 2,659
4,178 2,659
CURRENT ASSETS
Debtors 5 19,997 32,924
Cash at bank and in hand 34,439 28,919
54,436 61,843
Creditors: Amounts Falling Due Within One Year 6 (35,763 ) (31,567 )
NET CURRENT ASSETS (LIABILITIES) 18,673 30,276
TOTAL ASSETS LESS CURRENT LIABILITIES 22,851 32,935
Creditors: Amounts Falling Due After More Than One Year 7 (4,149 ) (8,298 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,228 ) (913 )
NET ASSETS 17,474 23,724
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 17,464 23,714
SHAREHOLDERS' FUNDS 17,474 23,724
Page 2
Page 3
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 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 Profit and Loss Account.
On behalf of the board
Mrs Laura Pell
Director
18/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Design Chapter Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12134844 . The registered office is 15 Station Road, Ilminster, Somerset, TA19 9BE.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 25% on cost
Computer Equipment 33% on cost
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
Page 4
Page 5
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2023 7,554
Additions 3,589
Disposals (2,333 )
As at 31 July 2024 8,810
Depreciation
As at 1 August 2023 4,895
Provided during the period 2,070
Disposals (2,333 )
As at 31 July 2024 4,632
Net Book Value
As at 31 July 2024 4,178
As at 1 August 2023 2,659
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,640 14,918
Other debtors 17,357 18,006
19,997 32,924
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 83
Bank loans and overdrafts 4,149 4,149
Other creditors 2,717 2,907
Taxation and social security 28,897 24,428
35,763 31,567
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,149 8,298
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 6