Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03671090 Mr Glenn Clark Ms Joanne Clark Ms Joanne Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03671090 2023-12-31 03671090 2024-12-31 03671090 2024-01-01 2024-12-31 03671090 frs-core:CurrentFinancialInstruments 2024-12-31 03671090 frs-core:NetGoodwill 2024-12-31 03671090 frs-core:NetGoodwill 2024-01-01 2024-12-31 03671090 frs-core:NetGoodwill 2023-12-31 03671090 frs-core:MotorVehicles 2024-12-31 03671090 frs-core:MotorVehicles 2024-01-01 2024-12-31 03671090 frs-core:MotorVehicles 2023-12-31 03671090 frs-core:PlantMachinery 2024-12-31 03671090 frs-core:PlantMachinery 2024-01-01 2024-12-31 03671090 frs-core:PlantMachinery 2023-12-31 03671090 frs-core:ShareCapital 2024-12-31 03671090 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03671090 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03671090 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03671090 frs-bus:SmallEntities 2024-01-01 2024-12-31 03671090 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03671090 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03671090 frs-bus:Director1 2024-01-01 2024-12-31 03671090 frs-bus:Director2 2024-01-01 2024-12-31 03671090 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03671090 frs-countries:EnglandWales 2024-01-01 2024-12-31 03671090 2022-12-31 03671090 2023-12-31 03671090 2023-01-01 2023-12-31 03671090 frs-core:CurrentFinancialInstruments 2023-12-31 03671090 frs-core:ShareCapital 2023-12-31 03671090 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03671090
Chingford Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
R M Horn & Co
48 Hutton Road
Shenfield
BRENTWOOD
Essex
CM15 8LB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03671090
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 10,000
Tangible Assets 5 25,064 33,251
35,064 43,251
CURRENT ASSETS
Stocks 6 840 1,310
Debtors 7 32,944 49,373
Cash at bank and in hand 117,104 187,039
150,888 237,722
Creditors: Amounts Falling Due Within One Year 8 (14,061 ) (14,343 )
NET CURRENT ASSETS (LIABILITIES) 136,827 223,379
TOTAL ASSETS LESS CURRENT LIABILITIES 171,891 266,630
NET ASSETS 171,891 266,630
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 171,691 266,430
SHAREHOLDERS' FUNDS 171,891 266,630
Page 1
Page 2
For the year ending 31 December 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
Ms Joanne Clark
Director
17th January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chingford Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03671090 . The registered office is 118 Chingford Mount Road, London, E4 9AA.
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. 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.
2.4. 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 25% reducing on balance
Motor Vehicles 25% reducing on balance
2.5. 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: 9 (2023: 9)
9 9
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Net Book Value
As at 31 December 2024 10,000
As at 1 January 2024 10,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 100,942 19,500 120,442
Additions 170 - 170
As at 31 December 2024 101,112 19,500 120,612
Depreciation
As at 1 January 2024 78,908 8,283 87,191
Provided during the period 5,552 2,805 8,357
As at 31 December 2024 84,460 11,088 95,548
Net Book Value
As at 31 December 2024 16,652 8,412 25,064
As at 1 January 2024 22,034 11,217 33,251
6. Stocks
2024 2023
£ £
Stock 840 1,310
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,944 49,373
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,076 5,833
Other taxes and social security 5,435 5,960
Accruals and deferred income 2,550 2,550
14,061 14,343
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5