Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09152756 Mr Simon Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09152756 2022-07-31 09152756 2023-07-31 09152756 2022-08-01 2023-07-31 09152756 frs-core:CurrentFinancialInstruments 2023-07-31 09152756 frs-core:Non-currentFinancialInstruments 2023-07-31 09152756 frs-core:PlantMachinery 2023-07-31 09152756 frs-core:PlantMachinery 2022-08-01 2023-07-31 09152756 frs-core:PlantMachinery 2022-07-31 09152756 frs-core:ShareCapital 2023-07-31 09152756 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09152756 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09152756 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09152756 frs-bus:SmallEntities 2022-08-01 2023-07-31 09152756 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09152756 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09152756 frs-bus:Director1 2022-08-01 2023-07-31 09152756 frs-countries:EnglandWales 2022-08-01 2023-07-31 09152756 2021-07-31 09152756 2022-07-31 09152756 2021-08-01 2022-07-31 09152756 frs-core:CurrentFinancialInstruments 2022-07-31 09152756 frs-core:Non-currentFinancialInstruments 2022-07-31 09152756 frs-core:ShareCapital 2022-07-31 09152756 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09152756
Wilson & Co. Limited
Financial Statements
For The Year Ended 31 July 2023
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09152756
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,446 1,420
1,446 1,420
CURRENT ASSETS
Debtors 5 254,335 254,335
Cash at bank and in hand 500,385 246,431
754,720 500,766
Creditors: Amounts Falling Due Within One Year 6 (186,050 ) (62,392 )
NET CURRENT ASSETS (LIABILITIES) 568,670 438,374
TOTAL ASSETS LESS CURRENT LIABILITIES 570,116 439,794
Creditors: Amounts Falling Due After More Than One Year 7 (11,487 ) (17,559 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (270 ) (270 )
NET ASSETS 558,359 421,965
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 558,259 421,865
SHAREHOLDERS' FUNDS 558,359 421,965
Page 1
Page 2
For the year ending 31 July 2023 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 Simon Wilson
Director
22 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wilson & Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09152756 . The registered office is 5th Floor, 30-31 Furnival Street, London, EC4A 1JQ.
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 from the provision of professional services net of VAT.
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:
Plant & Machinery 20% reducing balance basis
2.4. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2022 2,354
Additions 387
As at 31 July 2023 2,741
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 934
Provided during the period 361
As at 31 July 2023 1,295
Net Book Value
As at 31 July 2023 1,446
As at 1 August 2022 1,420
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,836 2,836
Amounts owed by subsidiaries 251,499 251,499
254,335 254,335
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 128
Bank loans and overdrafts 6,000 6,000
Corporation tax 47,647 19,907
VAT 55,975 23,479
Other creditors 65,195 5,700
Accruals and deferred income 3,400 2,200
Director's loan account 7,833 4,978
186,050 62,392
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,487 17,559
11,487 17,559
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4