Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09386899 J Boyce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09386899 2023-01-31 09386899 2024-01-31 09386899 2023-02-01 2024-01-31 09386899 frs-core:CurrentFinancialInstruments 2024-01-31 09386899 frs-core:Non-currentFinancialInstruments 2024-01-31 09386899 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 09386899 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 09386899 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 09386899 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 09386899 frs-core:OtherResidualIntangibleAssets 2024-01-31 09386899 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 09386899 frs-core:OtherResidualIntangibleAssets 2023-01-31 09386899 frs-core:PlantMachinery 2024-01-31 09386899 frs-core:PlantMachinery 2023-02-01 2024-01-31 09386899 frs-core:PlantMachinery 2023-01-31 09386899 frs-core:ShareCapital 2024-01-31 09386899 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09386899 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09386899 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09386899 frs-bus:SmallEntities 2023-02-01 2024-01-31 09386899 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09386899 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09386899 frs-bus:Director1 2023-02-01 2024-01-31 09386899 frs-countries:EnglandWales 2023-02-01 2024-01-31 09386899 2022-01-31 09386899 2023-01-31 09386899 2022-02-01 2023-01-31 09386899 frs-core:CurrentFinancialInstruments 2023-01-31 09386899 frs-core:Non-currentFinancialInstruments 2023-01-31 09386899 frs-core:ShareCapital 2023-01-31 09386899 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09386899
Chew Valley Weddings Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09386899
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 60,271
- 60,271
CURRENT ASSETS
Stocks 6 212,284 210,646
Debtors 7 15 4,811
Cash at bank and in hand 355 6,063
212,654 221,520
Creditors: Amounts Falling Due Within One Year 8 (198,328 ) (253,648 )
NET CURRENT ASSETS (LIABILITIES) 14,326 (32,128 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,326 28,143
Creditors: Amounts Falling Due After More Than One Year 9 (5,355 ) (9,310 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (4,216 )
NET ASSETS 8,971 14,617
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 8,969 14,615
SHAREHOLDERS' FUNDS 8,971 14,617
Page 1
Page 2
For the year ending 31 January 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
J Boyce
Director
24/01/2025
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
Chew Valley Weddings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09386899 . The registered office is 2 Brook Cottages, Chew Magna, Bristol, BS40 8RJ.
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 - Other Intangible
Other intangible assets are the company's website. It is amortised to profit and loss account over its estimated economic life of 5 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:
Leasehold 10% straight line
Plant & Machinery 15% reducing 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.
2.6. 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 year 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.
...CONTINUED
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2.6. Taxation - continued
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 asset reflects 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:  2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 1,250
Disposals (1,250 )
As at 31 January 2024 -
Amortisation
As at 1 February 2023 1,250
Disposals (1,250 )
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2023 40,696 39,830 80,526
Disposals (40,696 ) (39,830 ) (80,526 )
As at 31 January 2024 - - -
Depreciation
As at 1 February 2023 9,174 11,081 20,255
Disposals (9,174 ) (11,081 ) (20,255 )
As at 31 January 2024 - - -
Net Book Value
As at 31 January 2024 - - -
As at 1 February 2023 31,522 28,749 60,271
Page 4
Page 5
6. Stocks
2024 2023
£ £
Work in progress 212,284 210,646
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15 4,599
Prepayments and accrued income - 212
15 4,811
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 42
Bank loans and overdrafts 4,259 4,259
Corporation tax 3,562 -
Accruals and deferred income 1,260 1,000
Directors' loan accounts 189,246 248,347
198,328 253,648
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,355 9,310
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
The amount due to directors at the reporting date is £189,246 (2023: £248,347). The loans are unsecured and interest free.
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