Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11039117 Ms Georgina Barrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11039117 2022-10-31 11039117 2023-10-31 11039117 2022-11-01 2023-10-31 11039117 frs-core:CurrentFinancialInstruments 2023-10-31 11039117 frs-core:Non-currentFinancialInstruments 2023-10-31 11039117 frs-core:FurnitureFittings 2023-10-31 11039117 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11039117 frs-core:FurnitureFittings 2022-10-31 11039117 frs-core:ShareCapital 2023-10-31 11039117 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11039117 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11039117 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11039117 frs-bus:SmallEntities 2022-11-01 2023-10-31 11039117 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11039117 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11039117 frs-bus:Director1 2022-11-01 2023-10-31 11039117 frs-bus:Director1 2022-10-31 11039117 frs-bus:Director1 2023-10-31 11039117 frs-countries:EnglandWales 2022-11-01 2023-10-31 11039117 2021-10-31 11039117 2022-10-31 11039117 2021-11-01 2022-10-31 11039117 frs-core:CurrentFinancialInstruments 2022-10-31 11039117 frs-core:Non-currentFinancialInstruments 2022-10-31 11039117 frs-core:ShareCapital 2022-10-31 11039117 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11039117
Needs Wishes And Dreams (Hereford) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Anchorage
ICAEW
2 Rydel Mount
37 Bodenham Road
Hereford
HR1 2TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11039117
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 344 565
344 565
CURRENT ASSETS
Debtors 5 24,245 28,049
Cash at bank and in hand 749 1,505
24,994 29,554
Creditors: Amounts Falling Due Within One Year 6 (30,601 ) (28,893 )
NET CURRENT ASSETS (LIABILITIES) (5,607 ) 661
TOTAL ASSETS LESS CURRENT LIABILITIES (5,263 ) 1,226
Creditors: Amounts Falling Due After More Than One Year 7 (2,209 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation - (107 )
NET (LIABILITIES)/ASSETS (7,472 ) 1,119
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (7,473 ) 1,118
SHAREHOLDERS' FUNDS (7,472) 1,119
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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 her 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 Georgina Barrett
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Needs Wishes And Dreams (Hereford) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11039117 . The registered office is Advance Housing & Support Ltd, The Office, 8 Honeysuckle Close, Hereford, HR1 1XL.
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.
The accounts are presented in £ sterling.
2.2. Going Concern Disclosure
The director has pledged her financial support for the company, and her intention to repay her loan from the company in full. Without these assurances, the future financial viability of the company would be uncertain. Having considered a period of 12 months from the balance sheet date, the director believes that it is appropriate to draw these accounts up on the going concern basis. No adjustments have been made to reclassify fixed assets, or to include additional liabilities, both of which would be necessary if the going concern basis was deemed to be inappropriate.  
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.
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.
2.4. 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 25% straight line
2.5. Leasing and Hire Purchase Contracts
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.
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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 11)
7 11
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 1,495
As at 31 October 2023 1,495
Depreciation
As at 1 November 2022 930
Provided during the period 221
As at 31 October 2023 1,151
Net Book Value
As at 31 October 2023 344
As at 1 November 2022 565
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,380 11,731
Other debtors 3,620 1,094
12,000 12,825
Due after more than one year
Other debtors 12,245 15,224
24,245 28,049
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,196 173
Bank loans and overdrafts 5,161 -
Other creditors 8,867 14,783
Taxation and social security 14,377 13,937
30,601 28,893
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 2,209 -
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £156 (2022: £213) were due to the fund. They are included in Other Creditors.
Pension payments recognised as an expense during the year amounted to £628 (2022: £867).
10. Directors Advances, Credits and Guarantees
Included within Debtors (and disclosed as due beyond one year) is the following loan to the company director:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Ms Georgina Barrett 15,224 - 2,979 - 12,245
The above loan is unsecured, interest free and repayable on demand.
During the year, the company paid dividends of £Nil (2022: £4,000) to its director.
11. Related Party Transactions
During the year, the company rented office premises from the director. The total amount paid during the year amounted to £1,080 (2022: £1,080). There is no fixed lease term.
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