Acorah Software Products - Accounts Production 12.4.002 false 3 December 2020 31 December 2021 31 December 2021 13058730 Mr Ramzan Ajaib iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13058730 2020-12-02 13058730 2021-12-31 13058730 2020-12-03 2021-12-31 13058730 frs-core:CurrentFinancialInstruments 2021-12-31 13058730 frs-core:CurrentFinancialInstruments 2020-12-03 2021-12-31 13058730 frs-core:Non-currentFinancialInstruments 2021-12-31 13058730 frs-core:Non-currentFinancialInstruments 2020-12-03 2021-12-31 13058730 frs-core:CurrentFinancialInstruments 2020-12-03 2021-12-31 13058730 frs-core:CurrentFinancialInstruments 2021-12-31 13058730 frs-core:AfterOneYear 2020-12-03 2021-12-31 13058730 frs-core:BetweenOneFiveYears 2020-12-03 2021-12-31 13058730 frs-core:BetweenOneFiveYears 2021-12-31 13058730 frs-core:ComputerEquipment 2021-12-31 13058730 frs-core:ComputerEquipment 2020-12-03 2021-12-31 13058730 frs-core:ComputerEquipment 2020-12-02 13058730 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Registered number: 13058730
WBB Accountants Ltd
Unaudited Financial Statements
For the Period 3 December 2020 to 31 December 2021
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13058730
31 December 2021
Notes £ £
FIXED ASSETS
Intangible Assets 3 429,000
Tangible Assets 4 11,626
440,626
CURRENT ASSETS
Debtors 5 95,105
Cash at bank and in hand 34,121
129,226
Creditors: Amounts Falling Due Within One Year 6 (366,027 )
NET CURRENT ASSETS (LIABILITIES) (236,801 )
TOTAL ASSETS LESS CURRENT LIABILITIES 203,825
Creditors: Amounts Falling Due After More Than One Year 7 (311,195 )
NET LIABILITIES (107,370 )
CAPITAL AND RESERVES
Called up share capital 8 10
Profit and Loss Account (107,380 )
SHAREHOLDERS' FUNDS (107,370)
Page 1
Page 2
For the period ending 31 December 2021 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 Ramzan Ajaib
Director
3rd September 2022
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
1.4. 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8
8
3. Intangible Assets
Goodwill
£
Cost
As at 3 December 2020 429,000
As at 31 December 2021 429,000
Net Book Value
As at 31 December 2021 429,000
As at 3 December 2020 429,000
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 3 December 2020 - - -
Additions 7,512 6,100 13,612
As at 31 December 2021 7,512 6,100 13,612
Depreciation
As at 3 December 2020 - - -
Provided during the period 1,096 890 1,986
As at 31 December 2021 1,096 890 1,986
Net Book Value
As at 31 December 2021 6,416 5,210 11,626
As at 3 December 2020 - - -
5. Debtors
31 December 2021
£
Due within one year
Trade debtors 66,071
Amounts recoverable on contracts 29,034
95,105
6. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 1,555
Other taxes and social security 4,905
VAT 12,767
Other creditors 107,250
Accruals and deferred income 7,050
Director's loan account 232,500
366,027
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2021
£
Other creditors 311,195
311,195
8. Share Capital
31 December 2021
Allotted, Called up and fully paid 10
9. General Information
WBB Accountants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13058730 . The registered office is 100 Boldmere Road, Sutton Coldfield, B73 5UB.
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