Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 April 2022 false 1 May 2023 30 April 2024 30 April 2024 14019022 Mr Folabi Ogunkoya iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14019022 2023-04-30 14019022 2024-04-30 14019022 2023-05-01 2024-04-30 14019022 frs-core:CurrentFinancialInstruments 2024-04-30 14019022 frs-core:PlantMachinery 2024-04-30 14019022 frs-core:PlantMachinery 2023-05-01 2024-04-30 14019022 frs-core:PlantMachinery 2023-04-30 14019022 frs-core:ShareCapital 2024-04-30 14019022 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 14019022 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14019022 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 14019022 frs-bus:SmallEntities 2023-05-01 2024-04-30 14019022 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14019022 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14019022 frs-bus:Director1 2023-05-01 2024-04-30 14019022 frs-countries:EnglandWales 2023-05-01 2024-04-30 14019022 2022-03-31 14019022 2023-04-30 14019022 2022-04-01 2023-04-30 14019022 frs-core:CurrentFinancialInstruments 2023-04-30 14019022 frs-core:ShareCapital 2023-04-30 14019022 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 14019022
Cococure Minories Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14019022
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,248 20,530
28,248 20,530
CURRENT ASSETS
Stocks 5 25,513 16,581
Debtors 6 438,556 392,533
Cash at bank and in hand 81,859 258,917
545,928 668,031
Creditors: Amounts Falling Due Within One Year 7 (464,632 ) (631,716 )
NET CURRENT ASSETS (LIABILITIES) 81,296 36,315
TOTAL ASSETS LESS CURRENT LIABILITIES 109,544 56,845
NET ASSETS 109,544 56,845
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 109,543 56,844
SHAREHOLDERS' FUNDS 109,544 56,845
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Folabi Ogunkoya
Director
28 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cococure Minories Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14019022 . The registered office is 5 Minories, London, EC3N 1BJ.
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.
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:
Plant & Machinery straight line - 20%
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. 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 years 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.
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 assets reflect 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: 26 (2023: 14)
26 14
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 21,043
Additions 14,390
As at 30 April 2024 35,433
Depreciation
As at 1 May 2023 513
Provided during the period 6,672
As at 30 April 2024 7,185
Net Book Value
As at 30 April 2024 28,248
As at 1 May 2023 20,530
5. Stocks
30 April 2024 30 April 2023
£ £
Finished goods 25,513 16,581
6. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Other debtors 438,556 392,533
7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors 54,877 252,989
Corporation tax 18,714 8,414
Other taxes and social security 61,405 36,654
Other creditors 329,636 333,659
464,632 631,716
8. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Related Party Transactions
The company has taken advantage of the exemptions in FRS 102 from disclosing transactions and balances which occur within a group which has no non-controlling interests.
As of the balance sheet date, an amount of £438,556 was due from a company under common control. This amount is repayable on demand and is non-interest bearing.
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