Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2021 false 1 January 2023 31 December 2023 31 December 2023 07697763 Miss Sadia Mian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07697763 2022-12-31 07697763 2023-12-31 07697763 2023-01-01 2023-12-31 07697763 frs-core:CurrentFinancialInstruments 2023-12-31 07697763 frs-core:Non-currentFinancialInstruments 2023-12-31 07697763 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 07697763 frs-core:FurnitureFittings 2023-12-31 07697763 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07697763 frs-core:FurnitureFittings 2022-12-31 07697763 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07697763 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07697763 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 07697763 frs-core:MotorVehicles 2023-12-31 07697763 frs-core:MotorVehicles 2023-01-01 2023-12-31 07697763 frs-core:MotorVehicles 2022-12-31 07697763 frs-core:OtherResidualIntangibleAssets 2023-12-31 07697763 frs-core:OtherResidualIntangibleAssets 2022-12-31 07697763 frs-core:ShareCapital 2023-12-31 07697763 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07697763 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07697763 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07697763 frs-bus:SmallEntities 2023-01-01 2023-12-31 07697763 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07697763 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07697763 frs-bus:Director1 2023-01-01 2023-12-31 07697763 frs-countries:EnglandWales 2023-01-01 2023-12-31 07697763 2020-12-31 07697763 2022-12-31 07697763 2021-01-01 2022-12-31 07697763 frs-core:CurrentFinancialInstruments 2022-12-31 07697763 frs-core:Non-currentFinancialInstruments 2022-12-31 07697763 frs-core:ShareCapital 2022-12-31 07697763 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07697763
Northwood Warrington Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07697763
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 648 863
649 864
CURRENT ASSETS
Debtors 6 283,210 187,771
Cash at bank and in hand 161,401 209,644
444,611 397,415
Creditors: Amounts Falling Due Within One Year 7 (347,979 ) (249,249 )
NET CURRENT ASSETS (LIABILITIES) 96,632 148,166
TOTAL ASSETS LESS CURRENT LIABILITIES 97,281 149,030
Creditors: Amounts Falling Due After More Than One Year 8 (22,631 ) (77,143 )
NET ASSETS 74,650 71,887
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 74,550 71,787
SHAREHOLDERS' FUNDS 74,650 71,887
Page 1
Page 2
For the year ending 31 December 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
Miss Sadia Mian
Director
15/04/2024
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
Northwood Warrington Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07697763 . The registered office is 139 Sankey Street, Warrington , Cheshire, WA1 1NN.
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 - Other Intangible
Other intangible assets are .... 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:
Leasehold 20% Straight line basis
Motor Vehicles 33.3% Reducing balance basis
Fixtures & Fittings 20% Straight line basis
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.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 42,439
As at 31 December 2023 42,439
Amortisation
As at 1 January 2023 42,438
As at 31 December 2023 42,438
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 30,428 15,745 7,989 54,162
As at 31 December 2023 30,428 15,745 7,989 54,162
Depreciation
As at 1 January 2023 30,427 14,884 7,988 53,299
Provided during the period - 215 - 215
As at 31 December 2023 30,427 15,099 7,988 53,514
Net Book Value
As at 31 December 2023 1 646 1 648
As at 1 January 2023 1 861 1 863
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 282,999 187,560
Other debtors 211 211
283,210 187,771
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Page 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 263,607 167,432
Other creditors 41,249 40,192
Taxation and social security 43,123 41,625
347,979 249,249
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 21,346 25,729
Other creditors 1,285 51,414
22,631 77,143
9. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5