Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08271035 Mr Ivor Thomas Ms Hannah Thomas-Churchill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08271035 2022-10-31 08271035 2023-10-31 08271035 2022-11-01 2023-10-31 08271035 frs-core:CurrentFinancialInstruments 2023-10-31 08271035 frs-core:ComputerEquipment 2023-10-31 08271035 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08271035 frs-core:ComputerEquipment 2022-10-31 08271035 frs-core:FurnitureFittings 2023-10-31 08271035 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08271035 frs-core:FurnitureFittings 2022-10-31 08271035 frs-core:NetGoodwill 2023-10-31 08271035 frs-core:NetGoodwill 2022-11-01 2023-10-31 08271035 frs-core:NetGoodwill 2022-10-31 08271035 frs-core:ShareCapital 2023-10-31 08271035 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08271035 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08271035 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08271035 frs-bus:SmallEntities 2022-11-01 2023-10-31 08271035 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08271035 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08271035 frs-bus:Director1 2022-11-01 2023-10-31 08271035 frs-bus:Director2 2022-11-01 2023-10-31 08271035 frs-countries:EnglandWales 2022-11-01 2023-10-31 08271035 2021-10-31 08271035 2022-10-31 08271035 2021-11-01 2022-10-31 08271035 frs-core:CurrentFinancialInstruments 2022-10-31 08271035 frs-core:ShareCapital 2022-10-31 08271035 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08271035
W J Powell Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
1st Floor
Brook House, Brook Road
Whitchurch
Cardiff
CF14 1DU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08271035
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,250 22,500
11,250 22,500
CURRENT ASSETS
Stocks 6 28,401 28,401
Debtors 7 93,844 100,652
Cash at bank and in hand 591 12,246
122,836 141,299
Creditors: Amounts Falling Due Within One Year 8 (106,550 ) (94,405 )
NET CURRENT ASSETS (LIABILITIES) 16,286 46,894
TOTAL ASSETS LESS CURRENT LIABILITIES 27,536 69,394
NET ASSETS 27,536 69,394
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 27,436 69,294
SHAREHOLDERS' FUNDS 27,536 69,394
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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 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 Hannah Thomas-Churchill
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
W J Powell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08271035 . The registered office is 1st Floor Brook House, Brook Road, Whitchurch, Cardiff, CF14 1DU.
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 fair value of the consideration received or receivable net of VAT and
discounts. The policies adopted for recognition of turnover are as follows:

Retail sales to customers are measured at fair value of the consideration received or receivable and is
recognised when all risks and rewards of ownership are transferred to the end customer.
NHS income is recognised in the period which it is due.
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.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 9)
8 9
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 135,000
As at 31 October 2023 135,000
Amortisation
As at 1 November 2022 112,500
Provided during the period 11,250
As at 31 October 2023 123,750
Net Book Value
As at 31 October 2023 11,250
As at 1 November 2022 22,500
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 8,660 1,933 10,593
As at 31 October 2023 8,660 1,933 10,593
Depreciation
As at 1 November 2022 8,660 1,933 10,593
As at 31 October 2023 8,660 1,933 10,593
Net Book Value
As at 31 October 2023 - - -
As at 1 November 2022 - - -
6. Stocks
2023 2022
£ £
Finished goods 28,401 28,401
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 86,022 86,576
VAT 7,822 14,076
93,844 100,652
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 84,160 80,638
Bank loans and overdrafts 14,284 -
Other taxes and social security 1,480 838
Other creditors 240 -
Accruals and deferred income - 4,834
Directors' loan accounts 6,386 8,095
106,550 94,405
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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