Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12473866 Ms Hayley Jones Mr James Morfopoulos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12473866 2023-02-28 12473866 2024-02-29 12473866 2023-03-01 2024-02-29 12473866 frs-core:CurrentFinancialInstruments 2024-02-29 12473866 frs-core:ComputerEquipment 2024-02-29 12473866 frs-core:ComputerEquipment 2023-03-01 2024-02-29 12473866 frs-core:ComputerEquipment 2023-02-28 12473866 frs-core:FurnitureFittings 2024-02-29 12473866 frs-core:FurnitureFittings 2023-03-01 2024-02-29 12473866 frs-core:FurnitureFittings 2023-02-28 12473866 frs-core:PlantMachinery 2024-02-29 12473866 frs-core:PlantMachinery 2023-03-01 2024-02-29 12473866 frs-core:PlantMachinery 2023-02-28 12473866 frs-core:ShareCapital 2024-02-29 12473866 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12473866 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12473866 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12473866 frs-bus:SmallEntities 2023-03-01 2024-02-29 12473866 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12473866 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12473866 frs-bus:Director1 2023-03-01 2024-02-29 12473866 frs-bus:Director2 2023-03-01 2024-02-29 12473866 frs-countries:EnglandWales 2023-03-01 2024-02-29 12473866 2022-02-28 12473866 2023-02-28 12473866 2022-03-01 2023-02-28 12473866 frs-core:CurrentFinancialInstruments 2023-02-28 12473866 frs-core:ShareCapital 2023-02-28 12473866 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12473866
Cheakamus Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Oxford Tax Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12473866
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,714 2,665
2,714 2,665
CURRENT ASSETS
Debtors 5 106,864 106,768
Cash at bank and in hand 4,386 3,029
111,250 109,797
Creditors: Amounts Falling Due Within One Year 6 (91,308 ) (87,535 )
NET CURRENT ASSETS (LIABILITIES) 19,942 22,262
TOTAL ASSETS LESS CURRENT LIABILITIES 22,656 24,927
NET ASSETS 22,656 24,927
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 22,556 24,827
SHAREHOLDERS' FUNDS 22,656 24,927
Page 1
Page 2
For the year ending 29 February 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
Mr James Morfopoulos
Director
09/07/2024
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
Cheakamus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12473866 . The registered office is 238 Sandon Road, Stafford, Staffordshire, ST16 3HL.
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. 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 18% on the reducing balance
Fixtures & Fittings 18% on the reducing balance
Computer Equipment 33% on the reducing balance
2.3. 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.
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.
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 assets reflect 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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 1,494 2,026 1,000 4,520
Additions - - 882 882
As at 29 February 2024 1,494 2,026 1,882 5,402
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 610 663 582 1,855
Provided during the period 159 245 429 833
As at 29 February 2024 769 908 1,011 2,688
Net Book Value
As at 29 February 2024 725 1,118 871 2,714
As at 1 March 2023 884 1,363 418 2,665
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,864 6,768
Due after more than one year
Other debtors 100,000 100,000
106,864 106,768
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,768 1,431
Other creditors 89,540 88,245
Taxation and social security - (2,141 )
91,308 87,535
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4