Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC324196 Mr Calum James Macdonald Haggerty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC324196 2023-05-31 SC324196 2024-05-31 SC324196 2023-06-01 2024-05-31 SC324196 frs-core:CurrentFinancialInstruments 2024-05-31 SC324196 frs-core:Non-currentFinancialInstruments 2024-05-31 SC324196 frs-core:BetweenOneFiveYears 2024-05-31 SC324196 frs-core:ComputerEquipment 2024-05-31 SC324196 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC324196 frs-core:ComputerEquipment 2023-05-31 SC324196 frs-core:FurnitureFittings 2024-05-31 SC324196 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC324196 frs-core:FurnitureFittings 2023-05-31 SC324196 frs-core:NetGoodwill 2024-05-31 SC324196 frs-core:NetGoodwill 2023-06-01 2024-05-31 SC324196 frs-core:NetGoodwill 2023-05-31 SC324196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 SC324196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 SC324196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 SC324196 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC324196 frs-core:PlantMachinery 2024-05-31 SC324196 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC324196 frs-core:PlantMachinery 2023-05-31 SC324196 frs-core:WithinOneYear 2024-05-31 SC324196 frs-core:ShareCapital 2024-05-31 SC324196 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC324196 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC324196 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC324196 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC324196 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC324196 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC324196 frs-bus:Director1 2023-06-01 2024-05-31 SC324196 frs-countries:Scotland 2023-06-01 2024-05-31 SC324196 2022-05-31 SC324196 2023-05-31 SC324196 2022-06-01 2023-05-31 SC324196 frs-core:CurrentFinancialInstruments 2023-05-31 SC324196 frs-core:Non-currentFinancialInstruments 2023-05-31 SC324196 frs-core:BetweenOneFiveYears 2023-05-31 SC324196 frs-core:WithinOneYear 2023-05-31 SC324196 frs-core:ShareCapital 2023-05-31 SC324196 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC324196
COCO Chocolatier Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC324196
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 6,364
Tangible Assets 5 975,287 1,108,649
975,287 1,115,013
CURRENT ASSETS
Stock 6 345,525 176,266
Debtors 7 211,436 183,379
Cash at bank and in hand 22,494 215,849
579,455 575,494
Creditors: Amounts Falling Due Within One Year 8 (593,102 ) (476,505 )
NET CURRENT ASSETS (LIABILITIES) (13,647 ) 98,989
TOTAL ASSETS LESS CURRENT LIABILITIES 961,640 1,214,002
Creditors: Amounts Falling Due After More Than One Year 9 (300,602 ) (508,601 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (119,566 ) (109,971 )
NET ASSETS 541,472 595,430
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 541,372 595,330
SHAREHOLDERS' FUNDS 541,472 595,430
Page 1
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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 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 Calum James Macdonald Haggerty
Director
27 February 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
COCO Chocolatier Limited is a private company, limited by shares, incorporated in Scotland, registered number SC324196 . The registered office is Port Edgar Marina, Shore Road, South Queensferry, EH30 9SQ.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Leasehold 10-20 years Straight line
Plant & Machinery 15% Straight line
Motor Vehicles 33.3% Straight line
Fixtures & Fittings 6-10 years Straight line
Computer Equipment 33.3% Straight line
2.5. 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.
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2.6. 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.
2.7. 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.
2.8. 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: 14 (2023: 9)
14 9
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 63,641
As at 31 May 2024 63,641
Amortisation
As at 1 June 2023 57,277
Provided during the period 6,364
As at 31 May 2024 63,641
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 6,364
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 956,339 728,204 30,192 12,711 1,727,446
Additions 50,397 1,075 21,261 1,165 73,898
Disposals - (50,232 ) - - (50,232 )
As at 31 May 2024 1,006,736 679,047 51,453 13,876 1,751,112
Depreciation
As at 1 June 2023 197,991 398,030 13,066 9,710 618,797
Provided during the period 76,352 84,417 5,629 2,605 169,003
Disposals - (11,975 ) - - (11,975 )
As at 31 May 2024 274,343 470,472 18,695 12,315 775,825
Net Book Value
As at 31 May 2024 732,393 208,575 32,758 1,561 975,287
As at 1 June 2023 758,348 330,174 17,126 3,001 1,108,649
6. Stock
2024 2023
£ £
Stock 345,525 176,266
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 126,187 120,380
Prepayments and accrued income 50,117 32,967
Other debtors 35,132 30,032
211,436 183,379
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 70,930 108,929
Trade creditors 278,477 175,426
Bank loans and overdrafts 166,981 135,543
Corporation tax 36,687 -
Other taxes and social security 3,575 6,107
VAT 14,317 16,948
Wages payable 18,182 19,153
Other creditors 3,411 1,329
Accruals and deferred income - 10,172
Director's loan account 542 2,898
593,102 476,505
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 79,316 150,330
Bank loans 221,286 358,271
300,602 508,601
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 70,930 108,929
Later than one year and not later than five years 79,316 150,330
150,246 259,259
150,246 259,259
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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