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Registered number: 07843693
Westgarth Enterprises Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
The Aylmer-Kelly Partnership LLP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07843693
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 35,360 40,000
Tangible Assets 5 52,005 69,404
87,365 109,404
CURRENT ASSETS
Debtors 6 228,814 126,634
Cash at bank and in hand 98,254 107,492
327,068 234,126
Creditors: Amounts Falling Due Within One Year 7 (211,966 ) (170,113 )
NET CURRENT ASSETS (LIABILITIES) 115,102 64,013
TOTAL ASSETS LESS CURRENT LIABILITIES 202,467 173,417
Creditors: Amounts Falling Due After More Than One Year 8 (61,085 ) (80,912 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,881 ) (13,187 )
NET ASSETS 131,501 79,318
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 131,498 79,315
SHAREHOLDERS' FUNDS 131,501 79,318
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For the year ending 30 November 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 Paul Johnson
Director
19/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Westgarth Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07843693 . The registered office is Unit 5a & B, Castle End Business Park, Ruscombe, Berkshire, RG10 9XQ.
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.
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 signed for the delivery of 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is a franchise license which is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. 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% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. 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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 85 (2022: 87)
85 87
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 December 2022 40,000 22,500 62,500
Additions 4,200 - 4,200
As at 30 November 2023 44,200 22,500 66,700
Amortisation
As at 1 December 2022 - 22,500 22,500
Provided during the period 8,840 - 8,840
As at 30 November 2023 8,840 22,500 31,340
Net Book Value
As at 30 November 2023 35,360 - 35,360
As at 1 December 2022 40,000 - 40,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 18,503 73,449 1,230 93,182
Additions 1,370 - - 1,370
As at 30 November 2023 19,873 73,449 1,230 94,552
Depreciation
As at 1 December 2022 8,842 14,690 246 23,778
Provided during the period 3,833 14,690 246 18,769
As at 30 November 2023 12,675 29,380 492 42,547
Net Book Value
As at 30 November 2023 7,198 44,069 738 52,005
As at 1 December 2022 9,661 58,759 984 69,404
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 148,114 118,730
Prepayments and accrued income 8,458 3,904
Other debtors 4,000 4,000
Amounts owed by group undertakings 68,242 -
228,814 126,634
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 13,935 12,720
Trade creditors 24,513 18,862
Bank loans and overdrafts 11,031 11,031
Corporation tax 23,982 10,121
Other taxes and social security 39,619 30,488
Net wages 68,786 59,650
Other creditors 7,916 4,665
Accruals and deferred income 13,161 16,299
Directors' loan accounts 9,023 6,277
211,966 170,113
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 41,282 56,109
Bank loans 19,803 24,803
61,085 80,912
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,935 12,720
Later than one year and not later than five years 41,282 56,109
55,217 68,829
55,217 68,829
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
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