Acorah Software Products - Accounts Production 16.3.350 false true false 1 March 2024 31 March 2025 31 March 2025 13188880 Mr David Chapman Mr Bruce Gosling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13188880 2024-02-29 13188880 2025-03-31 13188880 2024-03-01 2025-03-31 13188880 frs-core:CurrentFinancialInstruments 2025-03-31 13188880 frs-core:ComputerEquipment 2025-03-31 13188880 frs-core:ComputerEquipment 2024-03-01 2025-03-31 13188880 frs-core:ComputerEquipment 2024-02-29 13188880 frs-core:FurnitureFittings 2025-03-31 13188880 frs-core:FurnitureFittings 2024-03-01 2025-03-31 13188880 frs-core:FurnitureFittings 2024-02-29 13188880 frs-core:MotorVehicles 2025-03-31 13188880 frs-core:MotorVehicles 2024-03-01 2025-03-31 13188880 frs-core:MotorVehicles 2024-02-29 13188880 frs-core:ShareCapital 2025-03-31 13188880 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13188880 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-03-31 13188880 frs-bus:FilletedAccounts 2024-03-01 2025-03-31 13188880 frs-bus:SmallEntities 2024-03-01 2025-03-31 13188880 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-03-31 13188880 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-03-31 13188880 frs-bus:Director1 2024-03-01 2025-03-31 13188880 frs-bus:Director2 2024-03-01 2025-03-31 13188880 frs-countries:EnglandWales 2024-03-01 2025-03-31
Registered number: 13188880
Chapman and Gosling Limited
Financial Statements
For the Period 1 March 2024 to 31 March 2025
KP Simpson South Shields Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13188880
31 March 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 62,760
62,760
CURRENT ASSETS
Debtors 5 61,114
Cash at bank and in hand 141,678
202,792
Creditors: Amounts Falling Due Within One Year 6 (115,912 )
NET CURRENT ASSETS (LIABILITIES) 86,880
TOTAL ASSETS LESS CURRENT LIABILITIES 149,640
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,924 )
NET ASSETS 137,716
CAPITAL AND RESERVES
Called up share capital 7 10
Profit and Loss Account 137,706
SHAREHOLDERS' FUNDS 137,716
For the period ending 31 March 2025 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 David Chapman
Director
02/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chapman and Gosling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13188880 . The registered office is Wellands Farm, Wellands Lane, Sunderland, SR6 7NP.
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:
Motor Vehicles 25% RB
Fixtures & Fittings 20% Reducing balance
Computer Equipment 15% Reducing balance
2.4. 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 period, 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 period was: 3
3
Page 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 - 564 9,735 10,299
Additions 52,447 - 7,334 59,781
As at 31 March 2025 52,447 564 17,069 70,080
Depreciation
As at 1 March 2024 - 146 3,157 3,303
Provided during the period 2,185 84 1,748 4,017
As at 31 March 2025 2,185 230 4,905 7,320
Net Book Value
As at 31 March 2025 50,262 334 12,164 62,760
As at 1 March 2024 - 418 6,578 6,996
5. Debtors
31 March 2025
£
Due within one year
Trade debtors 8,587
CIS debtors 41,438
VAT 1,521
PAYE 9,568
61,114
6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Trade creditors 2,561
Corporation tax 32,471
Other creditors 80,000
Accruals and deferred income 880
115,912
7. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 10
Page 3