Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04315226 Ms Charlotte French Mr Paul White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04315226 2023-03-31 04315226 2024-03-31 04315226 2023-04-01 2024-03-31 04315226 frs-core:CurrentFinancialInstruments 2024-03-31 04315226 frs-core:ComputerEquipment 2024-03-31 04315226 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04315226 frs-core:ComputerEquipment 2023-03-31 04315226 frs-core:FurnitureFittings 2024-03-31 04315226 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04315226 frs-core:FurnitureFittings 2023-03-31 04315226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04315226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04315226 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 04315226 frs-core:PlantMachinery 2024-03-31 04315226 frs-core:PlantMachinery 2023-04-01 2024-03-31 04315226 frs-core:PlantMachinery 2023-03-31 04315226 frs-core:CapitalRedemptionReserve 2024-03-31 04315226 frs-core:ShareCapital 2024-03-31 04315226 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04315226 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04315226 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04315226 frs-bus:SmallEntities 2023-04-01 2024-03-31 04315226 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04315226 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04315226 frs-bus:Director1 2023-04-01 2024-03-31 04315226 frs-bus:Director2 2023-04-01 2024-03-31 04315226 frs-countries:EnglandWales 2023-04-01 2024-03-31 04315226 2022-03-31 04315226 2023-03-31 04315226 2022-04-01 2023-03-31 04315226 frs-core:CurrentFinancialInstruments 2023-03-31 04315226 frs-core:CapitalRedemptionReserve 2023-03-31 04315226 frs-core:ShareCapital 2023-03-31 04315226 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04315226
Nationwide Telephone Assistance Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04315226
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203,651 233,023
203,651 233,023
CURRENT ASSETS
Stocks 5 432,134 420,653
Debtors 6 8,951 17,594
Cash at bank and in hand 1,257,124 1,248,976
1,698,209 1,687,223
Creditors: Amounts Falling Due Within One Year 7 (267,946 ) (246,222 )
NET CURRENT ASSETS (LIABILITIES) 1,430,263 1,441,001
TOTAL ASSETS LESS CURRENT LIABILITIES 1,633,914 1,674,024
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,000 ) (24,000 )
NET ASSETS 1,606,914 1,650,024
CAPITAL AND RESERVES
Called up share capital 8 80 80
Capital redemption reserve 50 50
Profit and Loss Account 1,606,784 1,649,894
SHAREHOLDERS' FUNDS 1,606,914 1,650,024
Page 1
Page 2
For the year ending 31 March 2024 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
Ms Charlotte French
Director
Mr Paul White
Director
22/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Nationwide Telephone Assistance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04315226 . The registered office is Ivy Lodge Farm, 179 Shepherds Hill, Harold Wood, Romford, Essex, RM3 0NR.
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. 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:
Leasehold 10% on cost
Plant & Machinery 20% on a reducing balance basis
Fixtures & Fittings 20% on a reducing balance basis
Computer Equipment 20% on a reducing balance basis
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 21)
21 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 495,655 257,334 115,715 208,772 1,077,476
Additions 10,144 10,014 - 7,852 28,010
As at 31 March 2024 505,799 267,348 115,715 216,624 1,105,486
Depreciation
As at 1 April 2023 388,872 162,965 105,441 187,175 844,453
Provided during the period 21,706 21,898 3,057 10,721 57,382
As at 31 March 2024 410,578 184,863 108,498 197,896 901,835
Net Book Value
As at 31 March 2024 95,221 82,485 7,217 18,728 203,651
As at 1 April 2023 106,783 94,369 10,274 21,597 233,023
5. Stocks
2024 2023
£ £
Finished goods 432,134 420,653
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 8,951 17,594
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,674 33,466
Other creditors 25,635 18,719
Taxation and social security 215,637 194,037
267,946 246,222
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
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