Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08701759 Mrs Maria Fethers Mr Stephen Fethers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08701759 2023-01-31 08701759 2024-01-31 08701759 2023-02-01 2024-01-31 08701759 frs-core:CurrentFinancialInstruments 2024-01-31 08701759 frs-core:Non-currentFinancialInstruments 2024-01-31 08701759 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08701759 frs-core:NetGoodwill 2024-01-31 08701759 frs-core:NetGoodwill 2023-02-01 2024-01-31 08701759 frs-core:NetGoodwill 2023-01-31 08701759 frs-core:MotorVehicles 2023-02-01 2024-01-31 08701759 frs-core:PlantMachinery 2024-01-31 08701759 frs-core:PlantMachinery 2023-02-01 2024-01-31 08701759 frs-core:PlantMachinery 2023-01-31 08701759 frs-core:ShareCapital 2024-01-31 08701759 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08701759 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08701759 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08701759 frs-bus:SmallEntities 2023-02-01 2024-01-31 08701759 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08701759 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08701759 frs-bus:Director1 2023-02-01 2024-01-31 08701759 frs-bus:Director2 2023-02-01 2024-01-31 08701759 frs-countries:EnglandWales 2023-02-01 2024-01-31 08701759 2022-01-31 08701759 2023-01-31 08701759 2022-02-01 2023-01-31 08701759 frs-core:CurrentFinancialInstruments 2023-01-31 08701759 frs-core:Non-currentFinancialInstruments 2023-01-31 08701759 frs-core:ShareCapital 2023-01-31 08701759 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08701759
Chelmer Mouldings Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Abacus Accountancy
105 Courtyard Studios
Lakes Innovation Centre
Braintree
Essex
CM7 3AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08701759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 24,891 29,243
24,891 29,243
CURRENT ASSETS
Debtors 6 53,037 48,629
Cash at bank and in hand 18,034 73,129
71,071 121,758
Creditors: Amounts Falling Due Within One Year 7 (62,433 ) (75,702 )
NET CURRENT ASSETS (LIABILITIES) 8,638 46,056
TOTAL ASSETS LESS CURRENT LIABILITIES 33,529 75,299
Creditors: Amounts Falling Due After More Than One Year 8 (15,179 ) (54,573 )
NET ASSETS 18,350 20,726
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 18,348 20,724
SHAREHOLDERS' FUNDS 18,350 20,726
Page 1
Page 2
For the year ending 31 January 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 Maria Fethers
Director
18/10/2024
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
Chelmer Mouldings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08701759 . The registered office is Unit 55 Lakes Industrial Park, Lower Chapel Hill, Braintree, Esesx, CM7 3RU.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 5 years.
2.4. 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
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 21,000
As at 31 January 2024 21,000
Amortisation
As at 1 February 2023 21,000
As at 31 January 2024 21,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2023 130,193
Additions 3,944
As at 31 January 2024 134,137
Depreciation
As at 1 February 2023 100,950
Provided during the period 8,296
As at 31 January 2024 109,246
Net Book Value
As at 31 January 2024 24,891
As at 1 February 2023 29,243
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,037 36,307
Other debtors - 12,322
53,037 48,629
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,350
Other creditors 44,271 37,307
Taxation and social security 18,162 36,045
62,433 75,702
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 15,179 54,573
Page 5