Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10447083 Ms Hui Chow Mr Keen Han Ms Yoke Leong Mr William Lim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10447083 2024-03-31 10447083 2025-03-31 10447083 2024-04-01 2025-03-31 10447083 frs-core:CurrentFinancialInstruments 2025-03-31 10447083 frs-core:Non-currentFinancialInstruments 2025-03-31 10447083 frs-core:ComputerEquipment 2025-03-31 10447083 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10447083 frs-core:ComputerEquipment 2024-03-31 10447083 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 10447083 frs-core:FurnitureFittings 2025-03-31 10447083 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10447083 frs-core:FurnitureFittings 2024-03-31 10447083 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 10447083 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 10447083 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 10447083 frs-core:OtherResidualIntangibleAssets 2025-03-31 10447083 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 10447083 frs-core:OtherResidualIntangibleAssets 2024-03-31 10447083 frs-core:PlantMachinery 2025-03-31 10447083 frs-core:PlantMachinery 2024-04-01 2025-03-31 10447083 frs-core:PlantMachinery 2024-03-31 10447083 frs-core:ShareCapital 2025-03-31 10447083 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10447083 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10447083 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10447083 frs-bus:SmallEntities 2024-04-01 2025-03-31 10447083 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10447083 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10447083 frs-bus:Director1 2024-04-01 2025-03-31 10447083 frs-bus:Director2 2024-04-01 2025-03-31 10447083 frs-bus:Director3 2024-04-01 2025-03-31 10447083 frs-bus:Director4 2024-04-01 2025-03-31 10447083 frs-countries:EnglandWales 2024-04-01 2025-03-31 10447083 2023-03-31 10447083 2024-03-31 10447083 2023-04-01 2024-03-31 10447083 frs-core:CurrentFinancialInstruments 2024-03-31 10447083 frs-core:Non-currentFinancialInstruments 2024-03-31 10447083 frs-core:ShareCapital 2024-03-31 10447083 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10447083
Old Chang Kee UK Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10447083
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 - 29,066
Tangible Assets 4 53,625 127,869
53,625 156,935
CURRENT ASSETS
Stocks 5 86,850 47,007
Debtors 6 136,325 104,656
Cash at bank and in hand 87,163 115,318
310,338 266,981
Creditors: Amounts Falling Due Within One Year 7 (786,398 ) (625,445 )
NET CURRENT ASSETS (LIABILITIES) (476,060 ) (358,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES (422,435 ) (201,529 )
Creditors: Amounts Falling Due After More Than One Year 8 (1,005,594 ) (926,472 )
NET LIABILITIES (1,428,029 ) (1,128,001 )
CAPITAL AND RESERVES
Called up share capital 9 500,000 500,000
Profit and Loss Account (1,928,029 ) (1,628,001 )
SHAREHOLDERS' FUNDS (1,428,029) (1,128,001)
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For the year 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
Ms Yoke Leong
Director
15/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is a Lease Premium. It is amortised to profit and loss account over its estimated economic life of 7 years.
1.5. 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:
Leasehold - 7 years straight line
Plant & Machinery - 3 years straight line
Fixtures & Fittings - 5 years straight line
Computer Equipment - 3 years straight line
1.6. 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.
1.7. 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.
1.8. 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.
1.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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1.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 21)
21 21
3. Intangible Assets
Other
£
Cost
As at 1 April 2024 217,663
Disposals (217,663 )
As at 31 March 2025 -
Amortisation
As at 1 April 2024 188,597
Provided during the period 29,066
Disposals (217,663 )
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 29,066
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 359,268 91,604 102,813 5,666 559,351
Additions - 259 - 1,842 2,101
As at 31 March 2025 359,268 91,863 102,813 7,508 561,452
Depreciation
As at 1 April 2024 315,076 79,367 33,174 3,865 431,482
Provided during the period 44,192 10,463 20,150 1,540 76,345
As at 31 March 2025 359,268 89,830 53,324 5,405 507,827
Net Book Value
As at 31 March 2025 - 2,033 49,489 2,103 53,625
As at 1 April 2024 44,192 12,237 69,639 1,801 127,869
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5. Stocks
2025 2024
£ £
Finished goods 86,850 44,838
Payments on account - 2,169
86,850 47,007
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,492 13,457
Other debtors 130,833 91,199
136,325 104,656
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 517,785 430,967
Bank loans and overdrafts 97,379 4,797
Other creditors 95,298 98,793
Taxation and social security 75,936 90,888
786,398 625,445
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 28,815 35,573
Other creditors 976,779 890,899
1,005,594 926,472
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 500,000 500,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
2025 2024
£ £
Within 1 year 70,000 12,781
Between 1 and 5 years 559,233 -
629,233 12,781
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11. General Information
Old Chang Kee UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10447083 . The registered office is 15a New Row, London, WC2N 4PD.
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