Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10414590 P Law iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10414590 2023-10-31 10414590 2024-10-31 10414590 2023-11-01 2024-10-31 10414590 frs-core:CurrentFinancialInstruments 2024-10-31 10414590 frs-core:Non-currentFinancialInstruments 2024-10-31 10414590 frs-core:FurnitureFittings 2024-10-31 10414590 frs-core:FurnitureFittings 2023-11-01 2024-10-31 10414590 frs-core:FurnitureFittings 2023-10-31 10414590 frs-core:MotorVehicles 2024-10-31 10414590 frs-core:MotorVehicles 2023-11-01 2024-10-31 10414590 frs-core:MotorVehicles 2023-10-31 10414590 frs-core:ShareCapital 2024-10-31 10414590 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10414590 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10414590 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10414590 frs-bus:SmallEntities 2023-11-01 2024-10-31 10414590 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10414590 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10414590 frs-bus:Director1 2023-11-01 2024-10-31 10414590 frs-bus:Director1 2023-10-31 10414590 frs-bus:Director1 2024-10-31 10414590 frs-countries:EnglandWales 2023-11-01 2024-10-31 10414590 2022-10-31 10414590 2023-10-31 10414590 2022-11-01 2023-10-31 10414590 frs-core:CurrentFinancialInstruments 2023-10-31 10414590 frs-core:Non-currentFinancialInstruments 2023-10-31 10414590 frs-core:ShareCapital 2023-10-31 10414590 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10414590
Canton Kitchen (Charing) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10414590
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,816 69,939
54,816 69,939
CURRENT ASSETS
Stocks 5 29,856 40,767
Debtors 6 98,227 56,379
Cash at bank and in hand 7,653 10,149
135,736 107,295
Creditors: Amounts Falling Due Within One Year 7 (79,015 ) (50,096 )
NET CURRENT ASSETS (LIABILITIES) 56,721 57,199
TOTAL ASSETS LESS CURRENT LIABILITIES 111,537 127,138
Creditors: Amounts Falling Due After More Than One Year 8 (5,834 ) (15,833 )
NET ASSETS 105,703 111,305
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 105,702 111,304
SHAREHOLDERS' FUNDS 105,703 111,305
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For the year ending 31 October 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
P Law
Director
19/02/2025
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
Canton Kitchen (Charing) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10414590 . The registered office is Jasmine House Maidstone Road, Charing, Ashford, TN27 0JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting
Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the
Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure
requirements of section 1A of FRS 102 have been applied other than where additional disclosure is
required to show a true and fair view.

The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at
fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The financial statements have been prepared on the going concern basis as the Directors believe that the Company will
continue to have access to sufficient resources to meet the working capital requirements of the Company for a period
of at least twleve months from the date of signing of these financial statements.
2.3. 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.
2.4. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% 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.
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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 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: 20 (2023: 22)
20 22
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 33,250 79,505 112,755
Additions - 3,149 3,149
As at 31 October 2024 33,250 82,654 115,904
Depreciation
As at 1 November 2023 8,313 34,503 42,816
Provided during the period 6,234 12,038 18,272
As at 31 October 2024 14,547 46,541 61,088
Net Book Value
As at 31 October 2024 18,703 36,113 54,816
As at 1 November 2023 24,937 45,002 69,939
5. Stocks
2024 2023
£ £
Stock 29,856 40,767
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 785 793
Other debtors 91,411 55,586
Net wages 6,031 -
98,227 56,379
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 44,316 35,859
Other creditors 3,829 3,304
Accruals and deferred income 20,870 933
79,015 50,096
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,834 15,833
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Peng Seng Law 21,598 102,307 80,442 - 43,463
The above loan is unsecured and repayable on demand, the total interest charge for the year is £724 at 2.25%.
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