Acorah Software Products - Accounts Production 16.0.110 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 13044009 Mr Jamie Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13044009 2022-11-30 13044009 2023-11-30 13044009 2022-12-01 2023-11-30 13044009 frs-core:CurrentFinancialInstruments 2023-11-30 13044009 frs-core:Non-currentFinancialInstruments 2023-11-30 13044009 frs-core:ComputerEquipment 2023-11-30 13044009 frs-core:ComputerEquipment 2022-12-01 2023-11-30 13044009 frs-core:ComputerEquipment 2022-11-30 13044009 frs-core:FurnitureFittings 2023-11-30 13044009 frs-core:FurnitureFittings 2022-12-01 2023-11-30 13044009 frs-core:FurnitureFittings 2022-11-30 13044009 frs-core:ShareCapital 2023-11-30 13044009 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13044009 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13044009 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13044009 frs-bus:SmallEntities 2022-12-01 2023-11-30 13044009 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13044009 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13044009 frs-bus:Director1 2022-12-01 2023-11-30 13044009 frs-countries:EnglandWales 2022-12-01 2023-11-30 13044009 2021-11-30 13044009 2022-11-30 13044009 2021-12-01 2022-11-30 13044009 frs-core:CurrentFinancialInstruments 2022-11-30 13044009 frs-core:Non-currentFinancialInstruments 2022-11-30 13044009 frs-core:ShareCapital 2022-11-30 13044009 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 13044009 frs-core:CurrentFinancialInstruments 1 2022-11-30 13044009 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 13044009
No Chaos Distribution Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Clouders (Audit & Accounts) Ltd
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13044009
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,588 1,043
1,588 1,043
CURRENT ASSETS
Stocks 5 250,320 200,200
Debtors 6 15,435 919
Cash at bank and in hand 459 1,546
266,214 202,665
Creditors: Amounts Falling Due Within One Year 7 (213,075 ) (211,687 )
NET CURRENT ASSETS (LIABILITIES) 53,139 (9,022 )
TOTAL ASSETS LESS CURRENT LIABILITIES 54,727 (7,979 )
Creditors: Amounts Falling Due After More Than One Year 8 (183,838 ) (121,494 )
NET LIABILITIES (129,111 ) (129,473 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (129,211 ) (129,573 )
SHAREHOLDERS' FUNDS (129,111) (129,473)
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For the year ending 30 November 2023 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 Profit and Loss Account.
On behalf of the board
Mr Jamie Wilson
Director
26/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
No Chaos Distribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13044009 . The registered office is Charter House, 103-105 Leigh Road, Leigh-on-Sea, Essex, SS9 1JL.
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. Going Concern Disclosure
The accounts have been drawn up on the going concern basis as the company's director has agreed to continue to support the company for at least one year from the balance sheet date.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. 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.
2.4. 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:
Fixtures & Fittings 33% on reducing balance
Computer Equipment 33% on cost
2.5. 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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2.6. Taxation
Corporation 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: 1 (2022: 4)
1 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 789 958 1,747
Additions - 1,472 1,472
As at 30 November 2023 789 2,430 3,219
Depreciation
As at 1 December 2022 438 266 704
Provided during the period 117 810 927
As at 30 November 2023 555 1,076 1,631
Net Book Value
As at 30 November 2023 234 1,354 1,588
As at 1 December 2022 351 692 1,043
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5. Stocks
2023 2022
£ £
Stock 250,320 200,200
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 15,435 -
VAT - 919
15,435 919
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,277 37,521
Corporation tax 12,755 15,500
VAT 28,022 -
Other loan - 14,849
Other creditor - 2,000
Accrued expenses 4,139 2,013
Director's loan account 138,882 139,804
213,075 211,687
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 183,838 121,494
183,838 121,494
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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10. Related Party Transactions
The company maintains a loan account with No Chaos Limited. The director of this company is also a director in No Chaos Distribution Limited. At the year-end, the loan balance was £143,838 (2022 - £81,494) and is shown in other creditors.
The company also maintains a loan account with Scum Limited. One of the directors of this company is also a director in No Chaos Distribution Limited. At the year-end, the loan balance was £15,435 (2022 - nil) and is shown in other debtors.
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