Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC654495 Mr Adnan SARFRAZ iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC654495 2023-02-28 SC654495 2024-02-28 SC654495 2023-03-01 2024-02-28 SC654495 frs-core:CurrentFinancialInstruments 2024-02-28 SC654495 frs-core:ComputerEquipment 2024-02-28 SC654495 frs-core:ComputerEquipment 2023-03-01 2024-02-28 SC654495 frs-core:ComputerEquipment 2023-02-28 SC654495 frs-core:FurnitureFittings 2024-02-28 SC654495 frs-core:FurnitureFittings 2023-03-01 2024-02-28 SC654495 frs-core:FurnitureFittings 2023-02-28 SC654495 frs-core:PlantMachinery 2024-02-28 SC654495 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC654495 frs-core:PlantMachinery 2023-02-28 SC654495 frs-core:ShareCapital 2024-02-28 SC654495 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC654495 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC654495 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC654495 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC654495 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC654495 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC654495 frs-bus:Director1 2023-03-01 2024-02-28 SC654495 frs-countries:Scotland 2023-03-01 2024-02-28 SC654495 2022-02-28 SC654495 2023-02-28 SC654495 2022-03-01 2023-02-28 SC654495 frs-core:CurrentFinancialInstruments 2023-02-28 SC654495 frs-core:ShareCapital 2023-02-28 SC654495 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC654495
CHIPPY KILSYTH LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Global Accountancy Practice
10 Allison Street
Glasgow
G42 8NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC654495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,206 17,728
15,206 17,728
CURRENT ASSETS
Stocks 5 2,050 2,345
Cash at bank and in hand 547 2,231
2,597 4,576
Creditors: Amounts Falling Due Within One Year 6 (20,022 ) (25,236 )
NET CURRENT ASSETS (LIABILITIES) (17,425 ) (20,660 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,219 ) (2,932 )
NET LIABILITIES (2,219 ) (2,932 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (2,220 ) (2,933 )
SHAREHOLDERS' FUNDS (2,219) (2,932)
Page 1
Page 2
For the year ending 28 February 2024 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 Adnan SARFRAZ
Director
27th 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
CHIPPY KILSYTH LTD is a private company, limited by shares, incorporated in Scotland, registered number SC654495 . The registered office is Unit 5 Balmalloch Road, Kilsyth, G65 9AJ.
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 10%
Fixtures & Fittings 10%
Computer Equipment 10%
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: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 12,409 8,450 4,360 25,219
As at 28 February 2024 12,409 8,450 4,360 25,219
Depreciation
As at 1 March 2023 3,648 2,535 1,308 7,491
Provided during the period 1,241 845 436 2,522
As at 28 February 2024 4,889 3,380 1,744 10,013
...CONTINUED
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Page 4
Net Book Value
As at 28 February 2024 7,520 5,070 2,616 15,206
As at 1 March 2023 8,761 5,915 3,052 17,728
5. Stocks
2024 2023
£ £
Materials 2,050 2,345
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 780 1,320
Director's loan account 19,242 23,916
20,022 25,236
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4