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 01618711 Mr R Wells Mrs M Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01618711 2023-03-31 01618711 2024-03-31 01618711 2023-04-01 2024-03-31 01618711 frs-core:CurrentFinancialInstruments 2024-03-31 01618711 frs-core:Non-currentFinancialInstruments 2024-03-31 01618711 frs-core:ComputerEquipment 2024-03-31 01618711 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01618711 frs-core:ComputerEquipment 2023-03-31 01618711 frs-core:FurnitureFittings 2024-03-31 01618711 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01618711 frs-core:FurnitureFittings 2023-03-31 01618711 frs-core:MotorVehicles 2024-03-31 01618711 frs-core:MotorVehicles 2023-04-01 2024-03-31 01618711 frs-core:MotorVehicles 2023-03-31 01618711 frs-core:PlantMachinery 2024-03-31 01618711 frs-core:PlantMachinery 2023-04-01 2024-03-31 01618711 frs-core:PlantMachinery 2023-03-31 01618711 frs-core:ShareCapital 2024-03-31 01618711 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01618711 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01618711 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01618711 frs-bus:SmallEntities 2023-04-01 2024-03-31 01618711 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01618711 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01618711 frs-bus:Director1 2023-04-01 2024-03-31 01618711 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01618711 frs-countries:EnglandWales 2023-04-01 2024-03-31 01618711 2022-03-31 01618711 2023-03-31 01618711 2022-04-01 2023-03-31 01618711 frs-core:CurrentFinancialInstruments 2023-03-31 01618711 frs-core:Non-currentFinancialInstruments 2023-03-31 01618711 frs-core:ShareCapital 2023-03-31 01618711 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01618711
Chenalfame Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 01618711
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,734 2,609
30,734 2,609
CURRENT ASSETS
Stocks 5 - 54,576
Debtors 6 314,450 314,066
Cash at bank and in hand 26,639 300
341,089 368,942
Creditors: Amounts Falling Due Within One Year 7 (117,298 ) (134,624 )
NET CURRENT ASSETS (LIABILITIES) 223,791 234,318
TOTAL ASSETS LESS CURRENT LIABILITIES 254,525 236,927
Creditors: Amounts Falling Due After More Than One Year 8 (7,080 ) (13,080 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,695 ) -
NET ASSETS 245,750 223,847
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 245,650 223,747
SHAREHOLDERS' FUNDS 245,750 223,847
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 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 Income Statement.
On behalf of the board
Mr R Wells
Director
4 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Chenalfame Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01618711 . The registered office is Foremost House, Radford Way, Billericay, Essex, CM12 0BT.
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 stated at cost less depreciation. 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 25% Reducing Balance Basis
Motor Vehicles 20% Reducing Balance Basis
Fixtures & Fittings 25% Reducing Balance Basis
Computer Equipment 25% Reducing Balance Basis
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 year 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 asset reflects 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 Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 36,063 - 1,200 3,672 40,935
Additions - 28,490 - 675 29,165
As at 31 March 2024 36,063 28,490 1,200 4,347 70,100
Depreciation
As at 1 April 2023 34,026 - 1,193 3,107 38,326
Provided during the period 509 265 2 264 1,040
As at 31 March 2024 34,535 265 1,195 3,371 39,366
Net Book Value
As at 31 March 2024 1,528 28,225 5 976 30,734
As at 1 April 2023 2,037 - 7 565 2,609
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5. Stocks
2024 2023
£ £
Stock - 54,576
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 205,758 220,407
Due after more than one year
Other debtors 108,692 93,659
314,450 314,066
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 19,800
Bank loans and overdrafts 6,420 32,957
Other creditors 83,291 81,867
Taxation and social security 27,587 -
117,298 134,624
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,080 13,080
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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