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 12875472 Mr David Totney Mr Russell Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12875472 2022-12-31 12875472 2023-12-31 12875472 2023-01-01 2023-12-31 12875472 frs-core:CurrentFinancialInstruments 2023-12-31 12875472 frs-core:Non-currentFinancialInstruments 2023-12-31 12875472 frs-core:FurnitureFittings 2023-12-31 12875472 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12875472 frs-core:FurnitureFittings 2022-12-31 12875472 frs-core:ShareCapital 2023-12-31 12875472 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12875472 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12875472 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12875472 frs-bus:SmallEntities 2023-01-01 2023-12-31 12875472 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12875472 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12875472 frs-bus:Director1 2023-01-01 2023-12-31 12875472 frs-bus:Director2 2023-01-01 2023-12-31 12875472 frs-core:Non-currentFinancialInstruments 1 2023-12-31 12875472 frs-core:CurrentFinancialInstruments 2 2023-12-31 12875472 frs-core:CurrentFinancialInstruments 3 2023-12-31 12875472 frs-core:CurrentFinancialInstruments 6 2023-12-31 12875472 frs-core:CurrentFinancialInstruments 7 2023-12-31 12875472 frs-countries:EnglandWales 2023-01-01 2023-12-31 12875472 2021-12-31 12875472 2022-12-31 12875472 2022-01-01 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 2022-12-31 12875472 frs-core:Non-currentFinancialInstruments 2022-12-31 12875472 frs-core:ShareCapital 2022-12-31 12875472 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 1 2022-12-31 12875472 frs-core:Non-currentFinancialInstruments 1 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 2 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 3 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 5 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 6 2022-12-31 12875472 frs-core:CurrentFinancialInstruments 7 2022-12-31
Registered number: 12875472
Chordis Capital Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12875472
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,041 12,041
12,041 12,041
CURRENT ASSETS
Debtors 5 162,610 36,972
Cash at bank and in hand 7,569 24,975
170,179 61,947
Creditors: Amounts Falling Due Within One Year 6 (157,375 ) (94,917 )
NET CURRENT ASSETS (LIABILITIES) 12,804 (32,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,845 (20,929 )
Creditors: Amounts Falling Due After More Than One Year 7 (100,600 ) (100,600 )
NET LIABILITIES (75,755 ) (121,529 )
CAPITAL AND RESERVES
Called up share capital 8 500,100 500,100
Profit and Loss Account (575,855 ) (621,629 )
SHAREHOLDERS' FUNDS (75,755) (121,529)
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Russell Martin
Director
25 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chordis Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12875472 . The registered office is Cornerblock, 2 Cornwall Street, Birmingham, B3 2DX.
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 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 26,525
As at 31 December 2023 26,525
Depreciation
As at 1 January 2023 14,484
As at 31 December 2023 14,484
Net Book Value
As at 31 December 2023 12,041
As at 1 January 2023 12,041
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 5,321 5,321
Other debtors - Armco Holdings - (72,743 )
Other debtors - Funding Control Acc 147,289 131,610
Other debtors - Single Malt 418 10,000 10,000
Other debtors - Sundry Debtors - (37,216 )
162,610 36,972
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,970 11,969
Other taxes and social security 7,009 7,009
Net wages 472 472
Other creditors - Collections Control Acc (2,823 ) 39,807
Other creditors - Pension Fund (289 ) (289 )
Other creditors - F4B Holdings 30,000 30,000
Other creditors - Premium Credit Finance 2,099 2,099
Accruals and deferred income 3,850 3,850
Directors' loan accounts 105,087 -
157,375 94,917
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors - Capital Introduced 100,600 100,600
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 500,100 500,100
The company has subdivided its shares into ordinary shares of £0.01p each and issued new capital resulting in 50,010,000 shares being in issue.
Page 4