Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05873663 Mr Simon Williams Ms A Williams Ms A Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05873663 2022-07-31 05873663 2023-07-31 05873663 2022-08-01 2023-07-31 05873663 frs-core:CurrentFinancialInstruments 2023-07-31 05873663 frs-core:Non-currentFinancialInstruments 2023-07-31 05873663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 05873663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05873663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 05873663 frs-core:ShareCapital 2023-07-31 05873663 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05873663 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05873663 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05873663 frs-bus:SmallEntities 2022-08-01 2023-07-31 05873663 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05873663 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05873663 frs-bus:Director1 2022-08-01 2023-07-31 05873663 frs-bus:Director2 2022-08-01 2023-07-31 05873663 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 05873663 frs-countries:EnglandWales 2022-08-01 2023-07-31 05873663 2021-07-31 05873663 2022-07-31 05873663 2021-08-01 2022-07-31 05873663 frs-core:CurrentFinancialInstruments 2022-07-31 05873663 frs-core:Non-currentFinancialInstruments 2022-07-31 05873663 frs-core:ShareCapital 2022-07-31 05873663 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05873663
Simon David Williams Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 05873663
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 231,308 238,178
231,308 238,178
CURRENT ASSETS
Debtors 5 3,593 3,142
Cash at bank and in hand 8,374 6,628
11,967 9,770
Creditors: Amounts Falling Due Within One Year 6 (118,576 ) (112,900 )
NET CURRENT ASSETS (LIABILITIES) (106,609 ) (103,130 )
TOTAL ASSETS LESS CURRENT LIABILITIES 124,699 135,048
Creditors: Amounts Falling Due After More Than One Year 7 (162,492 ) (177,134 )
NET LIABILITIES (37,793 ) (42,086 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (37,893 ) (42,186 )
SHAREHOLDERS' FUNDS (37,793) (42,086)
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 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 Income Statement.
On behalf of the board
Mr Simon Williams
Director
18/04/2024
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
Simon David Williams Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05873663 . The registered office is 3 Sandown Terrace, Chester, CH3 5BN.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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:
Freehold 2% on cost
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.
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
Land & Property
Freehold
£
Cost
As at 1 August 2022 343,522
As at 31 July 2023 343,522
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 105,344
Provided during the period 6,870
As at 31 July 2023 112,214
Net Book Value
As at 31 July 2023 231,308
As at 1 August 2022 238,178
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 3,593 3,142
3,593 3,142
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 2,618 2,216
Accruals and deferred income 1,673 1,673
Directors' loan accounts 114,285 109,011
118,576 112,900
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 162,492 177,134
162,492 177,134
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4