Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 9 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14349098 Mr Daniel Morgan Mr Clifford Sumner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14349098 2023-09-30 14349098 2024-09-30 14349098 2023-10-01 2024-09-30 14349098 frs-core:CurrentFinancialInstruments 2024-09-30 14349098 frs-core:ComputerEquipment 2024-09-30 14349098 frs-core:ComputerEquipment 2023-10-01 2024-09-30 14349098 frs-core:ComputerEquipment 2023-09-30 14349098 frs-core:MotorVehicles 2024-09-30 14349098 frs-core:MotorVehicles 2023-10-01 2024-09-30 14349098 frs-core:MotorVehicles 2023-09-30 14349098 frs-core:ShareCapital 2024-09-30 14349098 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14349098 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14349098 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14349098 frs-bus:SmallEntities 2023-10-01 2024-09-30 14349098 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14349098 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14349098 frs-bus:Director1 2023-10-01 2024-09-30 14349098 frs-bus:Director2 2023-10-01 2024-09-30 14349098 frs-countries:EnglandWales 2023-10-01 2024-09-30 14349098 2022-09-08 14349098 2023-09-30 14349098 2022-09-09 2023-09-30 14349098 frs-core:CurrentFinancialInstruments 2023-09-30 14349098 frs-core:ShareCapital 2023-09-30 14349098 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14349098
Chestnut Design & Build LTD
Unaudited Financial Statements
For The Year Ended 30 September 2024
Blueband Accountancy Limited
FMAAT
3 Stanley Way
Orpington
BR5 2HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14349098
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,467 19,438
15,467 19,438
CURRENT ASSETS
Debtors 5 2,114 5,862
Cash at bank and in hand 22,550 109,233
24,664 115,095
Creditors: Amounts Falling Due Within One Year 6 (34,783 ) (132,501 )
NET CURRENT ASSETS (LIABILITIES) (10,119 ) (17,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,348 2,032
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,939 ) -
NET ASSETS 2,409 2,032
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,309 1,932
SHAREHOLDERS' FUNDS 2,409 2,032
Page 1
Page 2
For the year ending 30 September 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 Daniel Morgan
Director
Mr Clifford Sumner
Director
13/03/2025
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
Chestnut Design & Build LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14349098 . The registered office is 3, Stanley Way, Orpington, Kent, BR5 2HE.
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 20% Reducing balance
Computer Equipment 33% Straightline
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 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: 2 (2023: NIL)
2 -
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 23,950 417 24,367
As at 30 September 2024 23,950 417 24,367
Depreciation
As at 1 October 2023 4,790 139 4,929
Provided during the period 3,832 139 3,971
As at 30 September 2024 8,622 278 8,900
Net Book Value
As at 30 September 2024 15,328 139 15,467
As at 1 October 2023 19,160 278 19,438
5. Debtors
30 September 2024 30 September 2023
£ £
Due within one year
Prepayments and accrued income 719 5,862
Other taxes and social security 1,395 -
2,114 5,862
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Trade creditors 2,598 33,041
Corporation tax 23,484 6,918
Other taxes and social security - 9,002
VAT 1,764 21,002
Accruals and deferred income 1,400 958
Directors' loan accounts 5,537 20,079
Payments on account - 41,501
34,783 132,501
7. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
The Director, Mr. Sumner, is also a director of CD Sumner. During the year ending on 30/09/2024, Chestnut Design and Build received services from CD Sumner amounting to £19,750.00. These transactions were conducted at arm's length.
Page 4