Acorah Software Products - Accounts Production 16.1.300 false true 26 June 2023 1 July 2022 false 27 June 2023 26 June 2024 26 June 2024 08985190 Mr Martin Goode Mr Chetan Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08985190 2023-06-26 08985190 2024-06-26 08985190 2023-06-27 2024-06-26 08985190 frs-core:CurrentFinancialInstruments 2024-06-26 08985190 frs-core:FurnitureFittings 2024-06-26 08985190 frs-core:FurnitureFittings 2023-06-27 2024-06-26 08985190 frs-core:FurnitureFittings 2023-06-26 08985190 frs-core:NetGoodwill 2024-06-26 08985190 frs-core:NetGoodwill 2023-06-27 2024-06-26 08985190 frs-core:NetGoodwill 2023-06-26 08985190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-26 08985190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-27 2024-06-26 08985190 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-26 08985190 frs-core:ShareCapital 2024-06-26 08985190 frs-core:RetainedEarningsAccumulatedLosses 2024-06-26 08985190 frs-bus:PrivateLimitedCompanyLtd 2023-06-27 2024-06-26 08985190 frs-bus:FilletedAccounts 2023-06-27 2024-06-26 08985190 frs-bus:SmallEntities 2023-06-27 2024-06-26 08985190 frs-bus:AuditExempt-NoAccountantsReport 2023-06-27 2024-06-26 08985190 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-27 2024-06-26 08985190 frs-bus:Director1 2023-06-27 2024-06-26 08985190 frs-bus:Director2 2023-06-27 2024-06-26 08985190 frs-countries:EnglandWales 2023-06-27 2024-06-26 08985190 2022-06-30 08985190 2023-06-26 08985190 2022-07-01 2023-06-26 08985190 frs-core:CurrentFinancialInstruments 2023-06-26 08985190 frs-core:ShareCapital 2023-06-26 08985190 frs-core:RetainedEarningsAccumulatedLosses 2023-06-26
Registered number: 08985190
Chetmart Limited
Financial Statements
For The Year Ended 26 June 2024
Sohals Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08985190
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,210 6,129
5,210 6,129
CURRENT ASSETS
Stocks 6 4,200 4,150
Debtors 7 11,498 5,710
Cash at bank and in hand 1,500 3,151
17,198 13,011
Creditors: Amounts Falling Due Within One Year 8 (196,193 ) (135,168 )
NET CURRENT ASSETS (LIABILITIES) (178,995 ) (122,157 )
TOTAL ASSETS LESS CURRENT LIABILITIES (173,785 ) (116,028 )
NET LIABILITIES (173,785 ) (116,028 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (173,787 ) (116,030 )
SHAREHOLDERS' FUNDS (173,785) (116,028)
Page 1
Page 2
For the year ending 26 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 Martin Goode
Director
24th February 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
Chetmart Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08985190 . The registered office is Woodloes Tavern, 16 Reardon Court, Warwick, CV34 5RN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold No depreciation charged
Fixtures & Fittings 15% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 27 June 2023 14,999
As at 26 June 2024 14,999
Amortisation
As at 27 June 2023 14,999
As at 26 June 2024 14,999
Net Book Value
As at 26 June 2024 -
As at 27 June 2023 -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 27 June 2023 1 28,897 28,898
As at 26 June 2024 1 28,897 28,898
Depreciation
As at 27 June 2023 - 22,769 22,769
Provided during the period - 919 919
As at 26 June 2024 - 23,688 23,688
Net Book Value
As at 26 June 2024 1 5,209 5,210
As at 27 June 2023 1 6,128 6,129
6. Stocks
2024 2023
£ £
Stock 4,200 4,150
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 11,498 5,710
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,880 11,187
Bank loans and overdrafts 69 -
Other creditors 189,144 120,887
Taxation and social security 100 3,094
196,193 135,168
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5