Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 February 2022 true 1 January 2023 31 December 2023 31 December 2023 11750140 M A Campbell G Pengilly J N Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11750140 2022-12-31 11750140 2023-12-31 11750140 2023-01-01 2023-12-31 11750140 frs-core:CurrentFinancialInstruments 2023-12-31 11750140 frs-core:Non-currentFinancialInstruments 2023-12-31 11750140 frs-core:ComputerEquipment 2023-12-31 11750140 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11750140 frs-core:ComputerEquipment 2022-12-31 11750140 frs-core:OtherReservesSubtotal 2023-01-01 2023-12-31 11750140 frs-core:OtherReservesSubtotal 2023-12-31 11750140 frs-core:RevaluationReserve 2023-01-01 2023-12-31 11750140 frs-core:RevaluationReserve 2023-12-31 11750140 frs-core:ShareCapital 2023-12-31 11750140 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11750140 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11750140 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11750140 frs-bus:FullAccounts 2023-01-01 2023-12-31 11750140 frs-bus:SmallEntities 2023-01-01 2023-12-31 11750140 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11750140 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11750140 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 11750140 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11750140 frs-bus:OrdinaryShareClass1 2023-12-31 11750140 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 11750140 frs-bus:OrdinaryShareClass2 2023-12-31 11750140 frs-bus:Director1 2023-01-01 2023-12-31 11750140 frs-bus:Director2 2023-01-01 2023-12-31 11750140 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 11750140 frs-core:CurrentFinancialInstruments 1 2023-12-31 11750140 frs-core:Non-currentFinancialInstruments 4 2023-12-31 11750140 frs-countries:EnglandWales 2023-01-01 2023-12-31 11750140 2022-01-31 11750140 2022-12-31 11750140 2022-02-01 2022-12-31 11750140 frs-core:CurrentFinancialInstruments 2022-12-31 11750140 frs-core:Non-currentFinancialInstruments 2022-12-31 11750140 frs-core:OtherReservesSubtotal 2022-01-31 11750140 frs-core:OtherReservesSubtotal 2022-12-31 11750140 frs-core:RevaluationReserve 2022-01-31 11750140 frs-core:RevaluationReserve 2022-12-31 11750140 frs-core:ShareCapital 2022-01-31 11750140 frs-core:ShareCapital 2022-12-31 11750140 frs-core:RetainedEarningsAccumulatedLosses 2022-02-01 2022-12-31 11750140 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-01-31 11750140 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11750140 frs-bus:OrdinaryShareClass1 2022-02-01 2022-12-31 11750140 frs-bus:OrdinaryShareClass2 2022-02-01 2022-12-31 11750140 frs-core:CurrentFinancialInstruments 1 2022-12-31 11750140 frs-core:Non-currentFinancialInstruments 1 2022-12-31 11750140 frs-core:CurrentFinancialInstruments 2 2022-12-31 11750140 frs-core:Non-currentFinancialInstruments 4 2022-12-31
Registered number: 11750140
Wild Wonderful World Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2023
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—10
Page 1
Company Information
Directors M A Campbell
G Pengilly
Secretary J N Campbell
Company Number 11750140
Registered Office 3 Southwick Close
Winchester
SO22 6JR
Accountants Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2023.
Principal Activity
The company's principal activity continues to be that of travel agency services.
Directors
The directors who held office during the year were as follows:
M A Campbell
G Pengilly
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Foreign Branch
The Company has a branch situated in South Africa. The financial results of this branch are part of the Company and are included in the Annual financial Statements.
On behalf of the board
M A Campbell
Director
24/04/2024
Page 2
Page 3
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at period ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
24/04/2024
Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Page 4
Profit and Loss Account
31 December 2023 31 December 2022
Notes £ £
TURNOVER 618,441 545,571
Cost of sales (475,962 ) (479,569 )
GROSS PROFIT 142,479 66,002
Administrative expenses (90,142 ) (101,067 )
OPERATING PROFIT/(LOSS) 52,337 (35,065 )
Other interest receivable and similar income 2,339 108
Interest payable and similar charges (107 ) (315 )
PROFIT/(LOSS) BEFORE TAXATION 54,569 (35,272 )
Tax on Profit/(loss) (7,979 ) -
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR 46,590 (35,272 )
The notes on pages 8 to 10 form part of these financial statements.
Page 4
Page 5
Balance Sheet
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,432 1,605
1,432 1,605
CURRENT ASSETS
Debtors 5 167,271 143,146
Cash at bank and in hand 45,285 55,017
212,556 198,163
Creditors: Amounts Falling Due Within One Year 6 (196,252 ) (233,750 )
NET CURRENT ASSETS (LIABILITIES) 16,304 (35,587 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,736 (33,982 )
Creditors: Amounts Falling Due After More Than One Year 7 (9,621 ) (8,106 )
NET ASSETS/(LIABILITIES) 8,115 (42,088 )
CAPITAL AND RESERVES
Called up share capital 8 1,003 1,003
Revaluation reserve 9 (194 ) -
Other reserves 3,613 -
Profit and Loss Account 3,693 (43,091 )
SHAREHOLDERS' FUNDS 8,115 (42,088)
Page 5
Page 6
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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
M A Campbell
Director
24/04/2024
The notes on pages 8 to 10 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Revaluation reserve Other reserves Profit and Loss Account Total
£ £ £ £ £
As at 1 February 2022 1,003 - - (7,819 ) (6,816)
Loss for the period and total comprehensive income - - - (35,272 ) (35,272)
As at 31 December 2022 and 1 January 2023 1,003 - - (43,091 ) (42,088)
Profit for the year and total comprehensive income - - - 46,590 46,590
Movements in other reserves - - 3,613 - 3,613
Transfer from revaluation reserve - - - 194 194
Transfer to/from Profit & Loss Account - (194 ) - - (194)
As at 31 December 2023 1,003 (194 ) 3,613 3,693 8,115
Page 7
Page 8
Notes to the Financial Statements
1. General Information
Wild Wonderful World Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11750140 . The registered office is 3 Southwick Close, Winchester, SO22 6JR.
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 from 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.
2.3. 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:
Computer Equipment 16.66% on cost (SA branch)
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 8
Page 9
4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 January 2023 2,335
Additions 429
Revaluation (194 )
As at 31 December 2023 2,570
Depreciation
As at 1 January 2023 730
Provided during the period 408
As at 31 December 2023 1,138
Net Book Value
As at 31 December 2023 1,432
As at 1 January 2023 1,605
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 410 1,536
Other debtors - 50
Supplier Deposits 166,861 141,560
167,271 143,146
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 1,476 2,410
Bank loans and overdrafts - 2,000
Corporation tax (2,079 ) -
VAT 1,240 1,155
Customer deposits 167,687 214,249
...CONTINUED
Page 9
Page 10
Other current creditors - 27
Accruals and deferred income 1,980 1,908
Directors' loan accounts 25,948 12,001
196,252 233,750
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
BBL Due 1 - 2 Year - 2,000
BBL Due 2 - 5 Year - 4,335
WWW NPC 9,621 1,771
9,621 8,106
8. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1 each 3 3
1,000 Ordinary A shares of £ 1 each 1,000 1,000
1,003 1,003
9. Reserves
Revaluation Reserve
£
Transfer to profit and loss (194 )
As at 31 December 2023 (194 )
10. Related Party Transactions
Included under creditors is an amount due to the company director, M Campbell of £25,948 (2022 - £12,001). This amount is unsecured, interest free and repayable on demand.
The ultimate controlling party was the company directors.
Page 10