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Registered number: 12142256
Checkout (Wimbledon) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Agile Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 12142256
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 982,564 892,239
982,564 892,239
CURRENT ASSETS
Stocks 313,783 238,642
Debtors 5 203,025 194,868
Cash at bank and in hand 11,790 17,602
528,598 451,112
Creditors: Amounts Falling Due Within One Year 6 (877,033 ) (447,527 )
NET CURRENT ASSETS (LIABILITIES) (348,435 ) 3,585
TOTAL ASSETS LESS CURRENT LIABILITIES 634,129 895,824
Creditors: Amounts Falling Due After More Than One Year 7 (172,554 ) (75,402 )
NET ASSETS 461,575 820,422
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 461,574 820,421
SHAREHOLDERS' FUNDS 461,575 820,422
For the year ending 30 November 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 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.
The financial statements were approved by the board of directors on 28 August 2025 and were signed on its behalf by:
Mr A Ferguson
Director
28 August 2025
The notes on pages 2 to 5 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Checkout (Wimbledon) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12142256 . The registered office is 52, 53 & 54 High Street Wimbledon, London, SW19 5AX.
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 company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is recognised to the extent there is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised at point of sale when the significant risks and rewards of ownership have passed to the buyer.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged to profit or loss over the estimated useful economic lives as follows -
Leasehold 15 years on a straight line basis
Motor Vehicles 7 years on a straight line basis
Fixtures & Fittings 4 years on a straight line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss.
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.
Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.
2.6. 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.
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2.7. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
3. Average Number of Employees
Average number of employees during the year was as follows: 8 (2023: 9)
8 9
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 887,854 130,455 54,555 1,072,864
Additions 34,754 - 160,086 194,840
As at 30 November 2024 922,608 130,455 214,641 1,267,704
Depreciation
As at 1 December 2023 130,856 22,812 26,957 180,625
Provided during the period 61,340 18,636 24,539 104,515
As at 30 November 2024 192,196 41,448 51,496 285,140
Net Book Value
As at 30 November 2024 730,412 89,007 163,145 982,564
As at 1 December 2023 756,998 107,643 27,598 892,239
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 124,151 130,515
Other debtors 78,874 64,353
203,025 194,868
Related company loans totalling £68,079 (2023: £46,982) are included within other debtors. 
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 56,710 27,649
Trade creditors 325,833 44,486
Bank loans and overdrafts 294,793 322,411
Other taxes and social security 24,128 4,481
VAT 10,776 10,238
Other creditors 164,793 38,262
877,033 447,527
Included in other creditors are outstanding pension contributions of £547 (2023: £983).
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 139,930 59,578
Bank loans 32,624 15,824
172,554 75,402
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 56,710 27,649
Later than one year and not later than five years 139,930 59,578
196,640 87,227
196,640 87,227
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 150,000 141,667
Later than one year and not later than five years 750,000 750,000
Later than five years 675,000 812,500
1,575,000 1,704,167
11. Related Party Transactions
During the year the company received loans from a related company of £NIL (2023: £222,436) and made payments of £24,132 (2023: £NIL). The companies are related due to being under common control. As at 30 November 2024 Checkout (Wimbledon) Limited was owed £24,132 (2023: £NIL) by the related company. 
During the year the company made loans to a related company of £NIL (2023: £9,768) and received payments of £3,035 (2023: NIL). The companies are related due to being under common control. As at 30 November 2024 Checkout (Wimbledon) Limited was owed £43,947 (2023: £46,982) by the related company. All balances attract a nil rate of interest and are repayable upon demand.
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