Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07301318 Ms Beverley Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07301318 2023-07-31 07301318 2024-07-31 07301318 2023-08-01 2024-07-31 07301318 frs-core:CurrentFinancialInstruments 2024-07-31 07301318 frs-core:Non-currentFinancialInstruments 2024-07-31 07301318 frs-core:FurnitureFittings 2024-07-31 07301318 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07301318 frs-core:FurnitureFittings 2023-07-31 07301318 frs-core:NetGoodwill 2024-07-31 07301318 frs-core:NetGoodwill 2023-08-01 2024-07-31 07301318 frs-core:NetGoodwill 2023-07-31 07301318 frs-core:PlantMachinery 2024-07-31 07301318 frs-core:PlantMachinery 2023-08-01 2024-07-31 07301318 frs-core:PlantMachinery 2023-07-31 07301318 frs-core:ShareCapital 2024-07-31 07301318 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07301318 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07301318 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07301318 frs-bus:SmallEntities 2023-08-01 2024-07-31 07301318 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07301318 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07301318 frs-bus:Director1 2023-08-01 2024-07-31 07301318 frs-countries:EnglandWales 2023-08-01 2024-07-31 07301318 2022-07-31 07301318 2023-07-31 07301318 2022-08-01 2023-07-31 07301318 frs-core:CurrentFinancialInstruments 2023-07-31 07301318 frs-core:Non-currentFinancialInstruments 2023-07-31 07301318 frs-core:ShareCapital 2023-07-31 07301318 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07301318
Choc Le Tea Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07301318
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,709 2,012
1,709 2,012
CURRENT ASSETS
Stocks 6 21,957 20,714
Cash at bank and in hand 16,922 40,219
38,879 60,933
Creditors: Amounts Falling Due Within One Year 7 (70,996 ) (57,932 )
NET CURRENT ASSETS (LIABILITIES) (32,117 ) 3,001
TOTAL ASSETS LESS CURRENT LIABILITIES (30,408 ) 5,013
Creditors: Amounts Falling Due After More Than One Year 8 (7,778 ) (14,038 )
NET LIABILITIES (38,186 ) (9,025 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (38,286 ) (9,125 )
SHAREHOLDERS' FUNDS (38,186) (9,025)
Page 1
Page 2
For the year ending 31 July 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 her 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
Ms Beverley Jones
Director
21/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Choc Le Tea Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07301318 . The registered office is 7 Beverley Way, Macclesfield, SK10 2WP.
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 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 .... 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:
Plant & Machinery 15% Reducing balance
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: 16 (2023: 11)
16 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 60,000
As at 31 July 2024 60,000
Amortisation
As at 1 August 2023 60,000
As at 31 July 2024 60,000
...CONTINUED
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Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 168 22,054 22,222
As at 31 July 2024 168 22,054 22,222
Depreciation
As at 1 August 2023 104 20,106 20,210
Provided during the period 10 293 303
As at 31 July 2024 114 20,399 20,513
Net Book Value
As at 31 July 2024 54 1,655 1,709
As at 1 August 2023 64 1,948 2,012
6. Stocks
2024 2023
£ £
Finished goods 21,957 20,714
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,667 4,878
Bank loans and overdrafts 6,260 6,260
Other creditors 42,058 35,170
Taxation and social security 17,011 11,624
70,996 57,932
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,778 14,038
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4