Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03988901 Mr Michael Thomas Carter Ms Kerrie Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03988901 2023-05-31 03988901 2024-05-31 03988901 2023-06-01 2024-05-31 03988901 frs-core:CurrentFinancialInstruments 2024-05-31 03988901 frs-core:Non-currentFinancialInstruments 2024-05-31 03988901 frs-core:BetweenOneFiveYears 2024-05-31 03988901 frs-core:FurnitureFittings 2024-05-31 03988901 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03988901 frs-core:FurnitureFittings 2023-05-31 03988901 frs-core:MotorVehicles 2024-05-31 03988901 frs-core:MotorVehicles 2023-06-01 2024-05-31 03988901 frs-core:MotorVehicles 2023-05-31 03988901 frs-core:PlantMachinery 2024-05-31 03988901 frs-core:PlantMachinery 2023-06-01 2024-05-31 03988901 frs-core:PlantMachinery 2023-05-31 03988901 frs-core:ShareCapital 2024-05-31 03988901 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03988901 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03988901 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03988901 frs-bus:SmallEntities 2023-06-01 2024-05-31 03988901 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03988901 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03988901 frs-bus:Director1 2023-06-01 2024-05-31 03988901 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03988901 frs-core:CurrentFinancialInstruments 1 2024-05-31 03988901 frs-core:CurrentFinancialInstruments 2 2024-05-31 03988901 frs-countries:EnglandWales 2023-06-01 2024-05-31 03988901 2022-05-31 03988901 2023-05-31 03988901 2022-06-01 2023-05-31 03988901 frs-core:CurrentFinancialInstruments 2023-05-31 03988901 frs-core:Non-currentFinancialInstruments 2023-05-31 03988901 frs-core:BetweenOneFiveYears 2023-05-31 03988901 frs-core:ShareCapital 2023-05-31 03988901 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 03988901 frs-core:CurrentFinancialInstruments 1 2023-05-31 03988901 frs-core:CurrentFinancialInstruments 2 2023-05-31
Registered number: 03988901
Cartel (London) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Swift Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03988901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,210 32,936
24,210 32,936
CURRENT ASSETS
Stocks 5 - 17,500
Cash at bank and in hand 30,789 16,170
30,789 33,670
Creditors: Amounts Falling Due Within One Year 7 (86,578 ) (66,334 )
NET CURRENT ASSETS (LIABILITIES) (55,789 ) (32,664 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,579 ) 272
Creditors: Amounts Falling Due After More Than One Year 8 (19,124 ) (43,227 )
NET LIABILITIES (50,703 ) (42,955 )
CAPITAL AND RESERVES
Called up share capital 10 103 103
Profit and Loss Account (50,806 ) (43,058 )
SHAREHOLDERS' FUNDS (50,703) (42,955)
Page 1
Page 2
For the year ending 31 May 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 Michael Thomas Carter
Director
18/02/2025
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
Cartel (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03988901 . The registered office is Swift Accountants 3 Chowley Court, Chowley Oak Business Park, Bolesworth Estates, Cheshire, CH3 9GA.
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. 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 balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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: 12 (2023: 12)
12 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 11,293 84,310 7,041 102,644
As at 31 May 2024 11,293 84,310 7,041 102,644
Depreciation
As at 1 June 2023 10,920 52,030 6,758 69,708
Provided during the period 373 8,070 283 8,726
As at 31 May 2024 11,293 60,100 7,041 78,434
Net Book Value
As at 31 May 2024 - 24,210 - 24,210
As at 1 June 2023 373 32,280 283 32,936
5. Stocks
2024 2023
£ £
Stock - 17,500
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (2 )
Bank loans and overdrafts - 14,825
Other taxes and social security 406 -
VAT 13,844 20,147
Kerrie Carter - Loan 36,011 26,811
Terry - Loan 23,497 -
Directors' loan accounts 12,821 4,553
86,578 66,334
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,878 32,454
Bank loans 2,246 10,773
19,124 43,227
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 16,878 32,454
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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