Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05951746 Mr Roger Barnley Mr Thomas Barnley Mr Nicholas Barnley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05951746 2022-12-31 05951746 2023-12-31 05951746 2023-01-01 2023-12-31 05951746 frs-core:CurrentFinancialInstruments 2023-12-31 05951746 frs-core:Non-currentFinancialInstruments 2023-12-31 05951746 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05951746 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05951746 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 05951746 frs-core:PlantMachinery 2023-12-31 05951746 frs-core:PlantMachinery 2023-01-01 2023-12-31 05951746 frs-core:PlantMachinery 2022-12-31 05951746 frs-core:ShareCapital 2023-12-31 05951746 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05951746 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05951746 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05951746 frs-bus:SmallEntities 2023-01-01 2023-12-31 05951746 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05951746 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05951746 frs-bus:Director1 2023-01-01 2023-12-31 05951746 frs-bus:Director2 2023-01-01 2023-12-31 05951746 frs-bus:Director3 2023-01-01 2023-12-31 05951746 1 2023-01-01 2023-12-31 05951746 frs-countries:EnglandWales 2023-01-01 2023-12-31 05951746 2021-12-31 05951746 2022-12-31 05951746 2022-01-01 2022-12-31 05951746 frs-core:CurrentFinancialInstruments 2022-12-31 05951746 frs-core:Non-currentFinancialInstruments 2022-12-31 05951746 frs-core:ShareCapital 2022-12-31 05951746 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05951746 1 2022-01-01 2022-12-31
Registered number: 05951746
W M Snell Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05951746
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 401,887 392,390
401,887 392,390
CURRENT ASSETS
Stocks 955,015 698,359
Debtors 5 68,360 55,477
Cash at bank and in hand 530,346 550,343
1,553,721 1,304,179
Creditors: Amounts Falling Due Within One Year 6 (921,684 ) (728,034 )
NET CURRENT ASSETS (LIABILITIES) 632,037 576,145
TOTAL ASSETS LESS CURRENT LIABILITIES 1,033,924 968,535
Creditors: Amounts Falling Due After More Than One Year 7 (87,814 ) (126,545 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,252 ) (7,252 )
NET ASSETS 927,858 834,738
CAPITAL AND RESERVES
Called up share capital 102 102
Profit and Loss Account 927,756 834,636
SHAREHOLDERS' FUNDS 927,858 834,738
Page 1
Page 2
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 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 Nicholas Barnley
Director
11 April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
W M Snell Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 05951746 . The registered office is W M Snell, Station Road, Alton, Hants, United Kingdom, GU34 2PZ.
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 is recognised at the point that the customer takes delivery of the goods.
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:
Land and building 2% straight line
Plant and machinery 25% reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. 
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
Page 3
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2.6. Taxation - continued
Deferred tax 
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.
2.7. 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.
3. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 14 13
14 13
4. Tangible Assets
Land & Property
Land and building Plant and machinery Total
£ £ £
Cost
As at 1 January 2023 418,094 196,014 614,108
Additions - 39,525 39,525
As at 31 December 2023 418,094 235,539 653,633
Depreciation
As at 1 January 2023 87,281 134,437 221,718
Provided during the period 8,362 21,666 30,028
As at 31 December 2023 95,643 156,103 251,746
Net Book Value
As at 31 December 2023 322,451 79,436 401,887
As at 1 January 2023 330,813 61,577 392,390
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 18,134 31,384
Other debtors 50,226 24,093
68,360 55,477
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 652,433 303,247
Bank loans and overdrafts 47,415 45,861
Other creditors 137,543 205,321
Taxation and social security 84,293 173,605
921,684 728,034
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 87,814 126,545
87,814 126,545
Page 5