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 09133476 Mr Phillip Rowlands Mrs Andrea Rowlands iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09133476 2022-07-31 09133476 2023-07-31 09133476 2022-08-01 2023-07-31 09133476 frs-core:CurrentFinancialInstruments 2023-07-31 09133476 frs-core:ComputerEquipment 2023-07-31 09133476 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09133476 frs-core:ComputerEquipment 2022-07-31 09133476 frs-core:ShareCapital 2023-07-31 09133476 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09133476 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09133476 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09133476 frs-bus:SmallEntities 2022-08-01 2023-07-31 09133476 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09133476 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09133476 frs-bus:Director1 2022-08-01 2023-07-31 09133476 frs-bus:Director2 2022-08-01 2023-07-31 09133476 frs-countries:EnglandWales 2022-08-01 2023-07-31 09133476 2021-07-31 09133476 2022-07-31 09133476 2021-08-01 2022-07-31 09133476 frs-core:CurrentFinancialInstruments 2022-07-31 09133476 frs-core:ShareCapital 2022-07-31 09133476 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09133476
Software Solutions Wigan Limited
Financial Statements
For The Year Ended 31 July 2023
ADC Accountants Limited
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09133476
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37 49
37 49
CURRENT ASSETS
Stocks 5 8,500 7,200
Cash at bank and in hand - 3,803
8,500 11,003
Creditors: Amounts Falling Due Within One Year 7 (5,083 ) (7,617 )
NET CURRENT ASSETS (LIABILITIES) 3,417 3,386
TOTAL ASSETS LESS CURRENT LIABILITIES 3,454 3,435
NET ASSETS 3,454 3,435
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 3,452 3,433
SHAREHOLDERS' FUNDS 3,454 3,435
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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 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 Phillip Rowlands
Director
05/04/2024
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. General Information
Software Solutions Wigan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09133476 . The registered office is 161 Park Road, Springfield, Wigan, Lancashire, WN67AG.
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.
Turnover includes revenue earned from the sale of goods and from the rendering of services.
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 collected 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.
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 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 year 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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 500
As at 31 July 2023 500
Depreciation
As at 1 August 2022 451
Provided during the period 12
As at 31 July 2023 463
Net Book Value
As at 31 July 2023 37
As at 1 August 2022 49
5. Stocks
2023 2022
£ £
Materials 8,500 7,200
6. Debtors
2023 2022
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 323 -
Corporation tax 7 15
Accruals and deferred income 571 420
Directors' loan accounts 4,182 7,182
5,083 7,617
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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