Acorah Software Products - Accounts Production 14.5.601 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04364232 Clive Walker James Gooch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04364232 2023-01-31 04364232 2024-01-31 04364232 2023-02-01 2024-01-31 04364232 frs-core:CurrentFinancialInstruments 2024-01-31 04364232 frs-core:Non-currentFinancialInstruments 2024-01-31 04364232 frs-core:PlantMachinery 2024-01-31 04364232 frs-core:PlantMachinery 2023-02-01 2024-01-31 04364232 frs-core:PlantMachinery 2023-01-31 04364232 frs-core:ShareCapital 2024-01-31 04364232 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04364232 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04364232 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04364232 frs-bus:SmallEntities 2023-02-01 2024-01-31 04364232 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04364232 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04364232 frs-bus:Director1 2023-02-01 2024-01-31 04364232 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04364232 1 2023-02-01 2024-01-31 04364232 frs-countries:EnglandWales 2023-02-01 2024-01-31 04364232 2022-01-31 04364232 2023-01-31 04364232 2022-02-01 2023-01-31 04364232 frs-core:CurrentFinancialInstruments 2023-01-31 04364232 frs-core:Non-currentFinancialInstruments 2023-01-31 04364232 frs-core:ShareCapital 2023-01-31 04364232 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04364232 1 2022-02-01 2023-01-31
Registered number: 04364232
C V W Web Design Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
TAB Accountancy Limited
1 Hardy Close
Felpham
Bognor Regis
West Sussex
PO22 6QX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 04364232
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 151 201
151 201
CURRENT ASSETS
Debtors 5 160 135
Cash at bank and in hand 23,329 24,955
23,489 25,090
Creditors: Amounts Falling Due Within One Year 6 (24,195 ) (25,710 )
NET CURRENT ASSETS (LIABILITIES) (706 ) (620 )
TOTAL ASSETS LESS CURRENT LIABILITIES (555 ) (419 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,420 ) (2,406 )
NET LIABILITIES (1,975 ) (2,825 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (1,976 ) (2,826 )
SHAREHOLDERS' FUNDS (1,975) (2,825)
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Page 2
For the year ending 31 January 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 Income Statement.
On behalf of the board
Clive Walker
Director
17/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
C V W Web Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04364232 . The registered office is 31 Rook Way, Horsham, West Sussex, RH12 5FR.
2. Accounting Policies
2.1. 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.
2.2. Going Concern Disclosure
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earnedfrom the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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:
Plant & Machinery 25% Reducing Balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Director 1 1
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 5,034
As at 31 January 2024 5,034
Depreciation
As at 1 February 2023 4,833
Provided during the period 50
As at 31 January 2024 4,883
...CONTINUED
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Net Book Value
As at 31 January 2024 151
As at 1 February 2023 201
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 160 135
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,065 1,065
Accruals and deferred income 1,033 1,033
Director's loan account 22,097 23,612
24,195 25,710
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,420 2,406
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Additional Funding
During 2020 the company obtained a government backed Bounce Back Loan.
This loan was obtained to help fund the company through the uncertain times created by the worldwide pandemic.
The Bounce Back loan was interest and repayment free for the first twelve months. The loan is now being repaid in equal instalments over 5 years with an interest rate of 2.5%.
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