Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13182456 Mrs V Gorringe Mr N J Gorringe Mr D J Hitchen Mr D J Hitchen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13182456 2023-02-28 13182456 2024-02-28 13182456 2023-03-01 2024-02-28 13182456 frs-core:CurrentFinancialInstruments 2024-02-28 13182456 frs-core:ShareCapital 2024-02-28 13182456 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13182456 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13182456 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13182456 frs-bus:SmallEntities 2023-03-01 2024-02-28 13182456 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13182456 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13182456 frs-core:UnlistedNon-exchangeTraded 2024-02-28 13182456 frs-core:UnlistedNon-exchangeTraded 2023-02-28 13182456 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 13182456 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 13182456 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 13182456 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 13182456 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 13182456 frs-bus:Director1 2023-03-01 2024-02-28 13182456 frs-bus:Director2 2023-03-01 2024-02-28 13182456 frs-bus:Director3 2023-03-01 2024-02-28 13182456 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 13182456 frs-countries:EnglandWales 2023-03-01 2024-02-28 13182456 2022-02-28 13182456 2023-02-28 13182456 2022-03-01 2023-02-28 13182456 frs-core:CurrentFinancialInstruments 2023-02-28 13182456 frs-core:ShareCapital 2023-02-28 13182456 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13182456
Cartridge King Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13182456
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 19,950 -
19,950 -
CURRENT ASSETS
Stocks 5 300,000 -
Debtors 6 228,236 -
Cash at bank and in hand 146,772 -
675,008 -
Creditors: Amounts Falling Due Within One Year 7 (15,600 ) -
NET CURRENT ASSETS (LIABILITIES) 659,408 -
TOTAL ASSETS LESS CURRENT LIABILITIES 679,358 -
NET ASSETS 679,358 -
CAPITAL AND RESERVES
Called up share capital 8 1,000 -
Profit and Loss Account 678,358 -
SHAREHOLDERS' FUNDS 679,358 -
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 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 D J Hitchen
Director
27/11/2024
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
Cartridge King Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13182456 . The registered office is 8 Martinfield Business Centre, Welwyn Garden City, United Kingdom, AL7 1HG.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. 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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: NIL)
3 -
4. Investments
Unlisted
£
Cost
As at 1 March 2023 -
Additions 19,950
As at 28 February 2024 19,950
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 19,950
As at 1 March 2023 -
The Company acquired 2,100 ordinary shares of 0.1p each in Farr Brew Ltd, a Company incorporated in England and Wales, at a price of £9.50 per share in August 2019. The investment represents 1% of the issued share capital. The Company's principal activity is the manufacture of beer.
5. Stocks
2024 2023
£ £
Stock 300,000 -
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,461 -
Prepayments and accrued income 7,165 -
VAT 141,610 -
228,236 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,800 -
Accruals and deferred income 4,800 -
15,600 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 -
9. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group per section 33.1A of FRS102.
Page 4