Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07473355 Mr Everton Chambers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07473355 2022-12-31 07473355 2023-12-31 07473355 2023-01-01 2023-12-31 07473355 frs-core:CurrentFinancialInstruments 2023-12-31 07473355 frs-core:FurnitureFittings 2023-12-31 07473355 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07473355 frs-core:FurnitureFittings 2022-12-31 07473355 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 07473355 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07473355 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 07473355 frs-core:PlantMachinery 2023-12-31 07473355 frs-core:PlantMachinery 2023-01-01 2023-12-31 07473355 frs-core:PlantMachinery 2022-12-31 07473355 frs-core:ShareCapital 2023-12-31 07473355 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07473355 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07473355 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07473355 frs-bus:SmallEntities 2023-01-01 2023-12-31 07473355 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07473355 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07473355 frs-bus:Director1 2023-01-01 2023-12-31 07473355 frs-core:CurrentFinancialInstruments 4 2023-12-31 07473355 frs-core:CurrentFinancialInstruments 6 2023-12-31 07473355 frs-countries:EnglandWales 2023-01-01 2023-12-31 07473355 2021-12-31 07473355 2022-12-31 07473355 2022-01-01 2022-12-31 07473355 frs-core:CurrentFinancialInstruments 2022-12-31 07473355 frs-core:ShareCapital 2022-12-31 07473355 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07473355 frs-core:CurrentFinancialInstruments 1 2022-12-31 07473355 frs-core:CurrentFinancialInstruments 2 2022-12-31 07473355 frs-core:CurrentFinancialInstruments 4 2022-12-31 07473355 frs-core:CurrentFinancialInstruments 6 2022-12-31
Registered number: 07473355
Chambersbespoketailors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Maurice J Bushell & Co Ltd.
Chartered Certified Accountants
Office 12
Epsilon House
Ipswich
Suffolk
IP3 9FJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07473355
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,504 42,868
38,504 42,868
CURRENT ASSETS
Stocks 5 60,000 15,000
Debtors 6 146,256 196,424
Cash at bank and in hand 103 2,464
206,359 213,888
Creditors: Amounts Falling Due Within One Year 7 (462,425 ) (335,049 )
NET CURRENT ASSETS (LIABILITIES) (256,066 ) (121,161 )
TOTAL ASSETS LESS CURRENT LIABILITIES (217,562 ) (78,293 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,434 ) (1,615 )
NET LIABILITIES (218,996 ) (79,908 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account (219,196 ) (80,108 )
SHAREHOLDERS' FUNDS (218,996) (79,908)
For the year ending 31 December 2023 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 Everton Chambers
Director
28 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chambersbespoketailors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07473355 . The registered office is 18 High Street, Wimbledon, London, England, SW19 5DX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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:
Freehold Reducing Balance method at 10%
Plant & Machinery Reducing Balance method at 25%
Fixtures & Fittings Reducing Balance method at 25%
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.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 35,659 28,671 22,579 86,909
Additions - - 1,324 1,324
As at 31 December 2023 35,659 28,671 23,903 88,233
Depreciation
As at 1 January 2023 1,290 27,540 15,211 44,041
Provided during the period 3,437 283 1,968 5,688
As at 31 December 2023 4,727 27,823 17,179 49,729
Net Book Value
As at 31 December 2023 30,932 848 6,724 38,504
As at 1 January 2023 34,369 1,131 7,368 42,868
5. Stocks
2023 2022
£ £
Materials 60,000 15,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,350 49,767
Other debtors 53,733 37,657
Inter-company account - 109,000
Corporation tax recoverable assets 21,073 -
Amounts owed by group undertakings 62,100 -
146,256 196,424
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 49,383 22,976
Bank loans and overdrafts 24,116 112,278
Other loans 85,544 -
Corporation tax 17,037 (4,036 )
Other taxes and social security 19,388 8,049
VAT 47,974 38,171
Other creditors 35,812 -
Leberis loan - 14,404
Funding loan - 80,561
Pension payable 231 -
Bank suspense 87,415 -
Accruals and deferred income 3,230 3,210
Director's loan account 92,295 59,436
462,425 335,049
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
Page 4