Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12261065 Mrs Nijah HAMID iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12261065 2022-10-31 12261065 2023-10-31 12261065 2022-11-01 2023-10-31 12261065 frs-core:CurrentFinancialInstruments 2023-10-31 12261065 frs-core:Non-currentFinancialInstruments 2023-10-31 12261065 frs-core:FurnitureFittings 2023-10-31 12261065 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12261065 frs-core:FurnitureFittings 2022-10-31 12261065 frs-core:ShareCapital 2023-10-31 12261065 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12261065 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12261065 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12261065 frs-bus:SmallEntities 2022-11-01 2023-10-31 12261065 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12261065 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12261065 frs-bus:Director1 2022-11-01 2023-10-31 12261065 frs-countries:EnglandWales 2022-11-01 2023-10-31 12261065 2021-10-31 12261065 2022-10-31 12261065 2021-11-01 2022-10-31 12261065 frs-core:CurrentFinancialInstruments 2022-10-31 12261065 frs-core:Non-currentFinancialInstruments 2022-10-31 12261065 frs-core:ShareCapital 2022-10-31 12261065 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12261065
LUTON CHAI LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12261065
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 173,466 179,643
173,466 179,643
CURRENT ASSETS
Stocks 5 19,140 12,560
Debtors 6 - 11,442
Cash at bank and in hand 23,110 59,719
42,250 83,721
Creditors: Amounts Falling Due Within One Year 7 (139,051 ) (144,171 )
NET CURRENT ASSETS (LIABILITIES) (96,801 ) (60,450 )
TOTAL ASSETS LESS CURRENT LIABILITIES 76,665 119,193
Creditors: Amounts Falling Due After More Than One Year 8 (385,091 ) (174,488 )
NET LIABILITIES (308,426 ) (55,295 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (308,526 ) (55,395 )
SHAREHOLDERS' FUNDS (308,426) (55,295)
Page 1
Page 2
For the year ending 31 October 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 her 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 Nijah HAMID
Director
29/10/2024
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
LUTON CHAI LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12261065 . The registered office is 23 County Square, Ashford, Kent, TN23 1YB.
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 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 20% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2022: 28)
28 28
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 277,510
Additions 37,189
As at 31 October 2023 314,699
Depreciation
As at 1 November 2022 97,867
Provided during the period 43,366
As at 31 October 2023 141,233
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2023 173,466
As at 1 November 2022 179,643
5. Stocks
2023 2022
£ £
Work in progress 19,140 12,560
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 8,540
Other taxes and social security - 2,902
- 11,442
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 106,113 106,839
Other taxes and social security 7,759 -
VAT 10,512 34,648
Net wages - 2,684
Other creditors 14,667 -
139,051 144,171
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 261,043 167,429
Directors loan account 124,048 7,059
385,091 174,488
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4