Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02157681 Mr. Steven Byford Mrs Dawn Maile iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02157681 2023-04-30 02157681 2024-04-30 02157681 2023-05-01 2024-04-30 02157681 frs-core:CurrentFinancialInstruments 2024-04-30 02157681 frs-core:ComputerEquipment 2024-04-30 02157681 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02157681 frs-core:ComputerEquipment 2023-04-30 02157681 frs-core:NetGoodwill 2024-04-30 02157681 frs-core:NetGoodwill 2023-05-01 2024-04-30 02157681 frs-core:NetGoodwill 2023-04-30 02157681 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02157681 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02157681 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 02157681 frs-core:MotorVehicles 2024-04-30 02157681 frs-core:MotorVehicles 2023-05-01 2024-04-30 02157681 frs-core:MotorVehicles 2023-04-30 02157681 frs-core:PlantMachinery 2024-04-30 02157681 frs-core:PlantMachinery 2023-05-01 2024-04-30 02157681 frs-core:PlantMachinery 2023-04-30 02157681 frs-core:RevaluationReserve 2023-05-01 2024-04-30 02157681 frs-core:RevaluationReserve 2023-04-30 02157681 frs-core:RevaluationReserve 2024-04-30 02157681 frs-core:ShareCapital 2024-04-30 02157681 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02157681 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02157681 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02157681 frs-bus:SmallEntities 2023-05-01 2024-04-30 02157681 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02157681 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02157681 frs-bus:Director1 2023-05-01 2024-04-30 02157681 frs-bus:Director2 2023-05-01 2024-04-30 02157681 frs-countries:EnglandWales 2023-05-01 2024-04-30 02157681 2022-04-30 02157681 2023-04-30 02157681 2022-05-01 2023-04-30 02157681 frs-core:CurrentFinancialInstruments 2023-04-30 02157681 frs-core:RevaluationReserve 2023-04-30 02157681 frs-core:ShareCapital 2023-04-30 02157681 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 02157681
C.K. Chemicals Ltd.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02157681
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 771,593 769,358
771,593 769,358
CURRENT ASSETS
Stocks 6 58,310 160,781
Debtors 7 146,589 136,506
Cash at bank and in hand 168,362 105,083
373,261 402,370
Creditors: Amounts Falling Due Within One Year 8 (72,341 ) (81,199 )
NET CURRENT ASSETS (LIABILITIES) 300,920 321,171
TOTAL ASSETS LESS CURRENT LIABILITIES 1,072,513 1,090,529
PROVISIONS FOR LIABILITIES
Deferred Taxation (117,817 ) (191,365 )
NET ASSETS 954,696 899,164
CAPITAL AND RESERVES
Called up share capital 9 1,800 1,800
Revaluation reserve 10 484,784 410,999
Profit and Loss Account 468,112 486,365
SHAREHOLDERS' FUNDS 954,696 899,164
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Page 2
For the year ending 30 April 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. Steven Byford
Director
18 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
C.K. Chemicals Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02157681 . The registered office is Unit 16 -17, Lady Lane Industrial Estate, Hadleigh, Suffolk, IP7 6BQ.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 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 .... years.
2.5. 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:
Freehold Not depreciated
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Reducing balance
2.6. 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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2.7. 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: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 2,257
As at 30 April 2024 2,257
Amortisation
As at 1 May 2023 2,257
As at 30 April 2024 2,257
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 May 2023 750,000 51,743 26,500 8,780 837,023
Additions - 9,445 - - 9,445
Disposals - (3,950 ) - - (3,950 )
As at 30 April 2024 750,000 57,238 26,500 8,780 842,518
Depreciation
As at 1 May 2023 - 49,471 11,180 7,014 67,665
...CONTINUED
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Page 5
Provided during the period - 2,925 3,830 442 7,197
Disposals - (3,937 ) - - (3,937 )
As at 30 April 2024 - 48,459 15,010 7,456 70,925
Net Book Value
As at 30 April 2024 750,000 8,779 11,490 1,324 771,593
As at 1 May 2023 750,000 2,272 15,320 1,766 769,358
Cost or valuation as at 30 April 2024 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost - 57,238 26,500 8,780 92,518
At valuation 750,000 - - - 750,000
750,000 57,238 26,500 8,780 842,518
Freehold property was most recently revalued on an open market basis in the year end 30 April 2023.
Included within the land and building cost is £136,351 which would not have been depreciated if it had not been revalued.
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 151,101
Accumulated depreciation and impairment 13,639
Carrying amount 137,462
6. Stocks
2024 2023
£ £
Stock 58,310 160,781
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 122,053 114,459
Other debtors 24,536 22,047
146,589 136,506
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,864 50,484
Other creditors 2,318 14,802
Taxation and social security 20,159 15,913
72,341 81,199
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,800 1,800
10. Reserves
Revaluation Reserve
£
As at 1 May 2023 410,999
Transfer to profit and loss 73,785
As at 30 April 2024 484,784
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