Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10120110 Mr Folarin Onitiri Mrs Daniela Onitiri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10120110 2023-04-30 10120110 2024-04-30 10120110 2023-05-01 2024-04-30 10120110 frs-core:CurrentFinancialInstruments 2024-04-30 10120110 frs-core:Non-currentFinancialInstruments 2024-04-30 10120110 frs-core:ShareCapital 2024-04-30 10120110 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10120110 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10120110 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10120110 frs-bus:SmallEntities 2023-05-01 2024-04-30 10120110 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10120110 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10120110 frs-bus:Director1 2023-05-01 2024-04-30 10120110 frs-bus:Director1 2023-04-30 10120110 frs-bus:Director1 2024-04-30 10120110 frs-bus:Director2 2023-05-01 2024-04-30 10120110 frs-countries:EnglandWales 2023-05-01 2024-04-30 10120110 2022-04-30 10120110 2023-04-30 10120110 2022-05-01 2023-04-30 10120110 frs-core:CurrentFinancialInstruments 2023-04-30 10120110 frs-core:Non-currentFinancialInstruments 2023-04-30 10120110 frs-core:ShareCapital 2023-04-30 10120110 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10120110
Chemystri Ltd
Financial Statements
For The Year Ended 30 April 2024
OD Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10120110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 350,000 273,892
350,000 273,892
CURRENT ASSETS
Stocks 5 241,787 223,462
Debtors 6 308,004 288,552
Cash at bank and in hand 614,562 191,588
1,164,353 703,602
Creditors: Amounts Falling Due Within One Year 7 (337,549 ) (305,987 )
NET CURRENT ASSETS (LIABILITIES) 826,804 397,615
TOTAL ASSETS LESS CURRENT LIABILITIES 1,176,804 671,507
Creditors: Amounts Falling Due After More Than One Year 8 (1,577,299 ) (1,077,428 )
NET LIABILITIES (400,495 ) (405,921 )
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Profit and Loss Account (405,495 ) (410,921 )
SHAREHOLDERS' FUNDS (400,495) (405,921)
Page 1
Page 2
For the year ending 30 April 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 Folarin Onitiri
Director
29 January 2025
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
Chemystri Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10120110 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
2.5. 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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 273,892
Additions 6,990
Fair value adjustments 69,118
As at 30 April 2024 350,000
Page 3
Page 4
5. Stocks
2024 2023
£ £
Work in progress 241,787 223,462
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 242,330 251,167
Other debtors 65,674 37,385
308,004 288,552
Amounts owed by group undertaking consists of the balance due from the Company's wholly owned subsidiary, The Haven Wellington Limited.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 322,270 305,965
Taxation and social security 15,279 22
337,549 305,987
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 1,577,299 1,077,428
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Folarin Onitiri 31,000 14,205 - - 45,205
The above loan is unsecured, interest free and repayable on demand.
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