Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06281321 Mrs A Chapman Mr M Chapman Mrs A Chapman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06281321 2023-03-31 06281321 2024-03-31 06281321 2023-04-01 2024-03-31 06281321 frs-core:CurrentFinancialInstruments 2024-03-31 06281321 frs-core:Non-currentFinancialInstruments 2024-03-31 06281321 frs-core:BetweenOneFiveYears 2024-03-31 06281321 frs-core:FurnitureFittings 2024-03-31 06281321 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06281321 frs-core:FurnitureFittings 2023-03-31 06281321 frs-core:NetGoodwill 2024-03-31 06281321 frs-core:NetGoodwill 2023-04-01 2024-03-31 06281321 frs-core:NetGoodwill 2023-03-31 06281321 frs-core:MotorVehicles 2024-03-31 06281321 frs-core:MotorVehicles 2023-04-01 2024-03-31 06281321 frs-core:MotorVehicles 2023-03-31 06281321 frs-core:WithinOneYear 2024-03-31 06281321 frs-core:ShareCapital 2024-03-31 06281321 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06281321 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06281321 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06281321 frs-bus:SmallEntities 2023-04-01 2024-03-31 06281321 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06281321 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06281321 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06281321 frs-bus:OrdinaryShareClass1 2024-03-31 06281321 frs-bus:Director1 2023-04-01 2024-03-31 06281321 frs-bus:Director2 2023-04-01 2024-03-31 06281321 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06281321 frs-countries:EnglandWales 2023-04-01 2024-03-31 06281321 2022-03-31 06281321 2023-03-31 06281321 2022-04-01 2023-03-31 06281321 frs-core:CurrentFinancialInstruments 2023-03-31 06281321 frs-core:Non-currentFinancialInstruments 2023-03-31 06281321 frs-core:BetweenOneFiveYears 2023-03-31 06281321 frs-core:WithinOneYear 2023-03-31 06281321 frs-core:ShareCapital 2023-03-31 06281321 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06281321 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 06281321
Chapman Worth Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06281321
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 54,355 63,705
54,355 63,705
CURRENT ASSETS
Debtors 6 273,920 114,173
Cash at bank and in hand 47,934 109,443
321,854 223,616
Creditors: Amounts Falling Due Within One Year 7 (271,478 ) (166,377 )
NET CURRENT ASSETS (LIABILITIES) 50,376 57,239
TOTAL ASSETS LESS CURRENT LIABILITIES 104,731 120,944
Creditors: Amounts Falling Due After More Than One Year 8 (30,605 ) (40,931 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,589 ) (15,926 )
NET ASSETS 60,537 64,087
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 60,337 63,887
SHAREHOLDERS' FUNDS 60,537 64,087
Page 1
Page 2
For the year ending 31 March 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 M Chapman
Director
23 May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chapman Worth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06281321 . The registered office is 2 The Old Estate Yard, High Street, East Hendred, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services. 
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 five 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% to 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 14 (2023: 15)
14 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 162,826
As at 31 March 2024 162,826
Amortisation
As at 1 April 2023 162,826
As at 31 March 2024 162,826
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 66,124 53,561 119,685
Additions - 9,433 9,433
Disposals - (3,088 ) (3,088 )
As at 31 March 2024 66,124 59,906 126,030
Depreciation
As at 1 April 2023 22,730 33,250 55,980
Provided during the period 10,849 7,043 17,892
Disposals - (2,197 ) (2,197 )
As at 31 March 2024 33,579 38,096 71,675
Net Book Value
As at 31 March 2024 32,545 21,810 54,355
As at 1 April 2023 43,394 20,311 63,705
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,575 45,203
Prepayments and accrued income 73,848 60,652
Other debtors 160,497 8,318
273,920 114,173
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,326 9,708
Trade creditors 11,821 24,661
Corporation tax 169,177 55,844
Other taxes and social security 9,000 7,499
VAT 53,152 62,790
Net wages - 1,970
Other creditors - 90
Accruals and deferred income 18,002 3,815
271,478 166,377
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,605 40,931
30,605 40,931
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,326 9,708
Later than one year and not later than five years 30,605 40,931
40,931 50,639
40,931 50,639
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
200 Ordinary Shares of £ 1.00 each 200 200
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