Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05659966 Mr Alex Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05659966 2022-12-31 05659966 2023-12-31 05659966 2023-01-01 2023-12-31 05659966 frs-core:CurrentFinancialInstruments 2023-12-31 05659966 frs-core:Non-currentFinancialInstruments 2023-12-31 05659966 frs-core:ComputerEquipment 2023-12-31 05659966 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05659966 frs-core:ComputerEquipment 2022-12-31 05659966 frs-core:FurnitureFittings 2023-12-31 05659966 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05659966 frs-core:FurnitureFittings 2022-12-31 05659966 frs-core:MotorVehicles 2023-12-31 05659966 frs-core:MotorVehicles 2023-01-01 2023-12-31 05659966 frs-core:MotorVehicles 2022-12-31 05659966 frs-core:PlantMachinery 2023-12-31 05659966 frs-core:PlantMachinery 2023-01-01 2023-12-31 05659966 frs-core:PlantMachinery 2022-12-31 05659966 frs-core:ShareCapital 2023-12-31 05659966 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05659966 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05659966 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05659966 frs-bus:SmallEntities 2023-01-01 2023-12-31 05659966 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05659966 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05659966 frs-bus:Director1 2023-01-01 2023-12-31 05659966 frs-countries:EnglandWales 2023-01-01 2023-12-31 05659966 2021-12-31 05659966 2022-12-31 05659966 2022-01-01 2022-12-31 05659966 frs-core:CurrentFinancialInstruments 2022-12-31 05659966 frs-core:Non-currentFinancialInstruments 2022-12-31 05659966 frs-core:ShareCapital 2022-12-31 05659966 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05659966
Cash And Xchange Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05659966
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,033 36,042
27,033 36,042
CURRENT ASSETS
Stocks 5 70,539 63,340
Debtors 6 1,713 10,876
Cash at bank and in hand 10,896 5,580
83,148 79,796
Creditors: Amounts Falling Due Within One Year 7 (79,297 ) (72,491 )
NET CURRENT ASSETS (LIABILITIES) 3,851 7,305
TOTAL ASSETS LESS CURRENT LIABILITIES 30,884 43,347
Creditors: Amounts Falling Due After More Than One Year 8 (10,430 ) (26,930 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,130 ) (9,130 )
NET ASSETS 11,324 7,287
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 11,224 7,187
SHAREHOLDERS' FUNDS 11,324 7,287
Page 1
Page 2
For the year ending 31 December 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 Alex Davies
Director
24/09/2024
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
Cash And Xchange Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05659966 . The registered office is 36 Bailey Street, Brynmawr, Gwent, NP23 4AW.
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:
Plant & Machinery 25
Motor Vehicles 20
Fixtures & Fittings 25
Computer Equipment 25
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: 11 (2022: 11)
11 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 18,039 40,750 54,712 20,931 134,432
As at 31 December 2023 18,039 40,750 54,712 20,931 134,432
Depreciation
As at 1 January 2023 14,975 11,780 51,986 19,649 98,390
Provided during the period 765 7,243 681 320 9,009
As at 31 December 2023 15,740 19,023 52,667 19,969 107,399
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 2,299 21,727 2,045 962 27,033
As at 1 January 2023 3,064 28,970 2,726 1,282 36,042
5. Stocks
2023 2022
£ £
Stock 70,539 63,340
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 638 3,961
Other debtors 1,075 6,915
1,713 10,876
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 19,155 21,553
Bank loans and overdrafts 9,921 372
Other creditors 32,556 31,829
Taxation and social security 17,665 18,737
79,297 72,491
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounceback loan 10,430 26,930
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4