Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 00836975 Mrs D Chapman Mr V R Chapman (Deceased) Miss E D Chapman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00836975 2023-02-28 00836975 2024-02-29 00836975 2023-03-01 2024-02-29 00836975 frs-core:CurrentFinancialInstruments 2024-02-29 00836975 frs-core:Non-currentFinancialInstruments 2024-02-29 00836975 frs-core:ComputerEquipment 2024-02-29 00836975 frs-core:ComputerEquipment 2023-03-01 2024-02-29 00836975 frs-core:ComputerEquipment 2023-02-28 00836975 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 00836975 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00836975 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 00836975 frs-core:PlantMachinery 2024-02-29 00836975 frs-core:PlantMachinery 2023-03-01 2024-02-29 00836975 frs-core:PlantMachinery 2023-02-28 00836975 frs-core:ShareCapital 2024-02-29 00836975 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 00836975 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 00836975 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 00836975 frs-bus:SmallEntities 2023-03-01 2024-02-29 00836975 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 00836975 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 00836975 frs-bus:Director1 2023-03-01 2024-02-29 00836975 frs-bus:Director2 2023-03-01 2024-02-29 00836975 frs-bus:Director3 2023-03-01 2024-02-29 00836975 frs-core:CurrentFinancialInstruments 1 2024-02-29 00836975 frs-countries:EnglandWales 2023-03-01 2024-02-29 00836975 2022-02-28 00836975 2023-02-28 00836975 2022-03-01 2023-02-28 00836975 frs-core:CurrentFinancialInstruments 2023-02-28 00836975 frs-core:Non-currentFinancialInstruments 2023-02-28 00836975 frs-core:ShareCapital 2023-02-28 00836975 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 00836975 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 00836975
George Chapman (Norton) Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Moyola House, 31 Hawthorn Grove
York
YO31 7YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00836975
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,958 19,362
17,958 19,362
CURRENT ASSETS
Stocks 5 47,350 83,115
Debtors 6 1,044 2,199
Cash at bank and in hand 35,317 25,317
83,711 110,631
Creditors: Amounts Falling Due Within One Year 7 (27,609 ) (41,872 )
NET CURRENT ASSETS (LIABILITIES) 56,102 68,759
TOTAL ASSETS LESS CURRENT LIABILITIES 74,060 88,121
Creditors: Amounts Falling Due After More Than One Year 8 (196,480 ) (149,708 )
NET LIABILITIES (122,420 ) (61,587 )
CAPITAL AND RESERVES
Called up share capital 9 723 723
Profit and Loss Account (123,143 ) (62,310 )
SHAREHOLDERS' FUNDS (122,420) (61,587)
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
Mrs D Chapman
Director
22nd 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
George Chapman (Norton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00836975 . The registered office is Moyola House, 31 Hawthorn Grove, York, YO31 7YA.
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:
Freehold No depreciation
Plant & Machinery 15% reducing balance
Computer Equipment 33.3% straight line
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: 7 (2023: 7)
7 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 10,000 52,136 1,104 63,240
As at 29 February 2024 10,000 52,136 1,104 63,240
Depreciation
As at 1 March 2023 - 42,774 1,104 43,878
Provided during the period - 1,404 - 1,404
As at 29 February 2024 - 44,178 1,104 45,282
...CONTINUED
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Page 4
Net Book Value
As at 29 February 2024 10,000 7,958 - 17,958
As at 1 March 2023 10,000 9,362 - 19,362
5. Stocks
2024 2023
£ £
Stock 47,350 83,115
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,044 2,199
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,019 5,108
Other taxes and social security 4,286 3,718
VAT 1,837 5,237
Pension liability 102 90
Accruals and deferred income 3,120 2,750
Directors' loan accounts 7,245 24,969
27,609 41,872
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to parent undertaking 196,480 149,708
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 723 723
10. Related Party Transactions
During the year the company had transactions with a group company. At the year end the amounts owed to the group company were £196,480 (2023: £149,707)
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