Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03009523 Mr Talat Syed Ms Zoe Palmer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03009523 2023-06-30 03009523 2024-06-30 03009523 2023-07-01 2024-06-30 03009523 frs-core:MotorVehicles 2024-06-30 03009523 frs-core:MotorVehicles 2023-07-01 2024-06-30 03009523 frs-core:MotorVehicles 2023-06-30 03009523 frs-core:ShareCapital 2024-06-30 03009523 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03009523 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03009523 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03009523 frs-bus:SmallEntities 2023-07-01 2024-06-30 03009523 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03009523 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03009523 frs-bus:Director1 2023-07-01 2024-06-30 03009523 frs-bus:Director2 2023-07-01 2024-06-30 03009523 frs-countries:EnglandWales 2023-07-01 2024-06-30 03009523 2022-06-30 03009523 2023-06-30 03009523 2022-07-01 2023-06-30 03009523 frs-core:ShareCapital 2023-06-30 03009523 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03009523
Chirus Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03009523
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 379,501 311,891
Tangible Assets 4 21,136 27,986
400,637 339,877
CURRENT ASSETS
Stocks 246,808 228,711
Debtors 86,337 62,831
Prepayments & Accured Income 9,864 9,220
Cash at bank and in hand 334,762 453,181
677,771 753,943
Creditors: Amounts Falling Due Within One Year (505,165 ) (506,809 )
NET CURRENT ASSETS (LIABILITIES) 172,606 247,134
TOTAL ASSETS LESS CURRENT LIABILITIES 573,243 587,011
NET ASSETS 573,243 587,011
CAPITAL AND RESERVES
Called up share capital 5 30,000 30,000
Profit and Loss Account 543,243 557,011
SHAREHOLDERS' FUNDS 573,243 587,011
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For the year ending 30 June 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 Talat Syed
Director
19/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chirus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03009523 . The registered office is 17 Cassiobury Park Avenue, Watford, Hertfordshire, WD18 7LA.
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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of
services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is
probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the
company's activities.
2.3. Research and Development
Intangible assets are initially measured at cost. After initial recognition, intangible assets are recognised at cost less
any accumulated amortisation and any accumulated impairment losses.
The depreciable amount of an intangible asset with a finite useful life is allocated on a systematic basis over its useful
life. Amortisation begins when the asset is available for use.
The amortisation period and the amortisation method for intangible assets with a finite useful life is reviewed each
financial period-end. If the expected useful life of the asset is different from previous estimates, the amortisation
period is changed accordingly.
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:
Diagnostic Equipment - over 3 to 7 years
Computer hardware - 3 years
Computer software - 3 years
Office equipment - 3 years
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined
using the weighted average method. The cost of finished goods and work in progress comprises direct materials and,
where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their
present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the
carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised
immediately in profit or loss.
2.6. 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.
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2.7. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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:  6 (2023: 6)
6 6
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 27,986
Additions 5,326
As at 30 June 2024 33,312
Depreciation
As at 1 July 2023 -
Provided during the period 12,176
As at 30 June 2024 12,176
Net Book Value
As at 30 June 2024 21,136
As at 1 July 2023 27,986
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,000 30,000
30,000 Ordinary Shares of £1 each
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