Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05180941 Mrs C A Stroud Mr S J Stroud Mr S A Stroud Mrs C A Stroud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05180941 2023-02-28 05180941 2024-02-29 05180941 2023-03-01 2024-02-29 05180941 frs-core:CurrentFinancialInstruments 2024-02-29 05180941 frs-core:Non-currentFinancialInstruments 2024-02-29 05180941 frs-core:ShareCapital 2024-02-29 05180941 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05180941 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05180941 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05180941 frs-bus:SmallEntities 2023-03-01 2024-02-29 05180941 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05180941 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05180941 frs-core:UnlistedNon-exchangeTraded 2024-02-29 05180941 frs-core:UnlistedNon-exchangeTraded 2023-02-28 05180941 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 05180941 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 05180941 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 05180941 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 05180941 frs-bus:Director1 2023-03-01 2024-02-29 05180941 frs-bus:Director2 2023-03-01 2024-02-29 05180941 frs-bus:Director3 2023-03-01 2024-02-29 05180941 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 05180941 frs-countries:EnglandWales 2023-03-01 2024-02-29 05180941 2022-02-28 05180941 2023-02-28 05180941 2022-03-01 2023-02-28 05180941 frs-core:CurrentFinancialInstruments 2023-02-28 05180941 frs-core:Non-currentFinancialInstruments 2023-02-28 05180941 frs-core:ShareCapital 2023-02-28 05180941 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05180941
Chalcraft Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Bromley Clackett Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05180941
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,544,665 2,544,665
2,544,665 2,544,665
CURRENT ASSETS
Debtors 5 788,983 778,693
Cash at bank and in hand 2,461 3,662
791,444 782,355
Creditors: Amounts Falling Due Within One Year 6 (162,100 ) (127,610 )
NET CURRENT ASSETS (LIABILITIES) 629,344 654,745
TOTAL ASSETS LESS CURRENT LIABILITIES 3,174,009 3,199,410
Creditors: Amounts Falling Due After More Than One Year 7 (2,198,156 ) (2,266,880 )
NET ASSETS 975,853 932,530
CAPITAL AND RESERVES
Called up share capital 8 99 99
Profit and Loss Account 975,754 932,431
SHAREHOLDERS' FUNDS 975,853 932,530
Page 1
Page 2
For the year ending 29 February 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
Mr S A Stroud
Director
20th November 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
Chalcraft Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05180941 . The registered office is 74-76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.
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 represents management charges to its trading subsidiary.
2.3. 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 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: 5 (2023: 5)
5 5
4. Investments
Unlisted
£
Cost
As at 1 March 2023 2,544,665
As at 29 February 2024 2,544,665
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 2,544,665
As at 1 March 2023 2,544,665
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 786,283 775,993
Other debtors 2,700 2,700
788,983 778,693
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 103,900 90,164
Other creditors 20,958 9,828
Taxation and social security 37,242 27,618
162,100 127,610
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 593,156 661,880
Other loans 1,605,000 1,605,000
2,198,156 2,266,880
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
Page 4