Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 06408483 Mr Ian Maynard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06408483 2022-10-31 06408483 2023-10-31 06408483 2022-11-01 2023-10-31 06408483 frs-core:CurrentFinancialInstruments 2023-10-31 06408483 frs-core:FurnitureFittings 2023-10-31 06408483 frs-core:FurnitureFittings 2022-11-01 2023-10-31 06408483 frs-core:FurnitureFittings 2022-10-31 06408483 frs-core:NetGoodwill 2023-10-31 06408483 frs-core:NetGoodwill 2022-11-01 2023-10-31 06408483 frs-core:NetGoodwill 2022-10-31 06408483 frs-core:MotorVehicles 2023-10-31 06408483 frs-core:MotorVehicles 2022-11-01 2023-10-31 06408483 frs-core:MotorVehicles 2022-10-31 06408483 frs-core:ShareCapital 2023-10-31 06408483 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 06408483 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06408483 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 06408483 frs-bus:SmallEntities 2022-11-01 2023-10-31 06408483 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06408483 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06408483 frs-bus:Director1 2022-11-01 2023-10-31 06408483 frs-countries:EnglandWales 2022-11-01 2023-10-31 06408483 2021-10-31 06408483 2022-10-31 06408483 2021-11-01 2022-10-31 06408483 frs-core:CurrentFinancialInstruments 2022-10-31 06408483 frs-core:ShareCapital 2022-10-31 06408483 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 06408483
Maynards of Westwick Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06408483
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,000 30,000
Tangible Assets 5 1,591 2,177
31,591 32,177
CURRENT ASSETS
Stocks 6 10,176 12,567
Debtors 7 1,801 1,837
Cash at bank and in hand 12,136 7,478
24,113 21,882
Creditors: Amounts Falling Due Within One Year 8 (28,825 ) (27,272 )
NET CURRENT ASSETS (LIABILITIES) (4,712 ) (5,390 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,879 26,787
NET ASSETS 26,879 26,787
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 26,877 26,785
SHAREHOLDERS' FUNDS 26,879 26,787
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ian Maynard
Director
30/07/2024
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
Maynards of Westwick Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06408483 . The registered office is 134 Westwick Crescent, Sheffield, S8 7DJ.
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. 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:
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 30,000
As at 31 October 2023 30,000
Net Book Value
As at 31 October 2023 30,000
As at 1 November 2022 30,000
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 5,100 2,081 7,181
As at 31 October 2023 5,100 2,081 7,181
Depreciation
As at 1 November 2022 3,486 1,518 5,004
Provided during the period 530 56 586
As at 31 October 2023 4,016 1,574 5,590
Net Book Value
As at 31 October 2023 1,084 507 1,591
As at 1 November 2022 1,614 563 2,177
6. Stocks
2023 2022
£ £
Finished goods 10,176 12,567
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,701 1,837
VAT 100 -
1,801 1,837
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 563 758
VAT - 714
Other creditors - 637
Accruals and deferred income 230 1,380
Director's loan account 28,032 23,783
28,825 27,272
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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