Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 00962290 Mr Malcolm Bloomfield Mrs Gail Bloomfield Mrs Samantha Storm Mr Malcolm Bloomfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00962290 2022-11-30 00962290 2023-11-30 00962290 2022-12-01 2023-11-30 00962290 frs-core:CurrentFinancialInstruments 2023-11-30 00962290 frs-core:ComputerEquipment 2023-11-30 00962290 frs-core:ComputerEquipment 2022-12-01 2023-11-30 00962290 frs-core:ComputerEquipment 2022-11-30 00962290 frs-core:FurnitureFittings 2023-11-30 00962290 frs-core:FurnitureFittings 2022-12-01 2023-11-30 00962290 frs-core:FurnitureFittings 2022-11-30 00962290 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 00962290 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 00962290 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 00962290 frs-core:MotorVehicles 2023-11-30 00962290 frs-core:MotorVehicles 2022-12-01 2023-11-30 00962290 frs-core:MotorVehicles 2022-11-30 00962290 frs-core:PlantMachinery 2023-11-30 00962290 frs-core:PlantMachinery 2022-12-01 2023-11-30 00962290 frs-core:PlantMachinery 2022-11-30 00962290 frs-core:RevaluationReserve 2022-11-30 00962290 frs-core:RevaluationReserve 2023-11-30 00962290 frs-core:ShareCapital 2023-11-30 00962290 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 00962290 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 00962290 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 00962290 frs-bus:SmallEntities 2022-12-01 2023-11-30 00962290 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 00962290 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 00962290 frs-core:UnlistedNon-exchangeTraded 2023-11-30 00962290 frs-core:UnlistedNon-exchangeTraded 2022-11-30 00962290 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 00962290 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 00962290 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 00962290 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 00962290 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 00962290 frs-bus:Director1 2022-12-01 2023-11-30 00962290 frs-bus:Director2 2022-12-01 2023-11-30 00962290 frs-bus:Director3 2022-12-01 2023-11-30 00962290 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 00962290 frs-core:CurrentFinancialInstruments 1 2023-11-30 00962290 frs-countries:EnglandWales 2022-12-01 2023-11-30 00962290 2021-11-30 00962290 2022-11-30 00962290 2021-12-01 2022-11-30 00962290 frs-core:CurrentFinancialInstruments 2022-11-30 00962290 frs-core:RevaluationReserve 2022-11-30 00962290 frs-core:ShareCapital 2022-11-30 00962290 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 00962290 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 00962290
Woodbridge Eng. Company Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Maurice J Bushell & Co Ltd.
Chartered Certified Accountants
Office 12
Epsilon House
Ipswich
Suffolk
IP3 9FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00962290
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,623,051 2,599,947
Investments 5 - 14,260
2,623,051 2,614,207
CURRENT ASSETS
Debtors 6 54,222 37,563
Cash at bank and in hand 562,639 552,301
616,861 589,864
Creditors: Amounts Falling Due Within One Year 7 (322,013 ) (304,939 )
NET CURRENT ASSETS (LIABILITIES) 294,848 284,925
TOTAL ASSETS LESS CURRENT LIABILITIES 2,917,899 2,899,132
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,938 ) -
NET ASSETS 2,913,961 2,899,132
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Revaluation reserve 9 132,391 132,391
Profit and Loss Account 2,771,570 2,756,741
SHAREHOLDERS' FUNDS 2,913,961 2,899,132
Page 1
Page 2
For the year ending 30 November 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
Mr Malcolm Bloomfield
Director
28 June 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Woodbridge Eng. Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00962290 . The registered office is C/O Mjb Avanti, Office 12 Epsilon House, West Road, Ipswich, IP3 9FJ.
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:
Freehold 0%
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 10%
Computer Equipment 25%
2.4. 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 year 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 asset reflects 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: 3 (2022: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 2,576,651 26,031 - 42,997
Additions - - 24,595 -
Disposals - (26,031 ) - -
As at 30 November 2023 2,576,651 - 24,595 42,997
Depreciation
As at 1 December 2022 - 26,031 - 19,965
Provided during the period - - - 2,303
Disposals - (26,031 ) - -
As at 30 November 2023 - - - 22,268
Net Book Value
As at 30 November 2023 2,576,651 - 24,595 20,729
As at 1 December 2022 2,576,651 - - 23,032
Computer Equipment Total
£ £
Cost
As at 1 December 2022 1,415 2,647,094
Additions 1,224 25,819
Disposals (916 ) (26,947 )
As at 30 November 2023 1,723 2,645,966
Depreciation
As at 1 December 2022 1,151 47,147
Provided during the period 252 2,555
Disposals (756 ) (26,787 )
As at 30 November 2023 647 22,915
Net Book Value
As at 30 November 2023 1,076 2,623,051
As at 1 December 2022 264 2,599,947
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 December 2022 14,260
Disposals (14,260 )
As at 30 November 2023 -
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 14,260
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 35,329 30,537
Prepayments and accrued income 5,836 2,600
Other debtors 9,254 -
Deferred tax current asset - 4,426
VAT 3,803 -
54,222 37,563
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,709 4,159
Corporation tax 6,278 7,518
VAT - 9,035
Rental Deposits Held (Current liabilities - creditors < 1 year) 4,865 4,865
CT61 (Current liabilities - creditors < 1 year) 55,883 47,047
Accruals and deferred income 24,189 7,254
Directors' loan accounts 222,089 225,061
322,013 304,939
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 5
Page 6
9. Reserves
Revaluation Reserve
£
As at 1 December 2022 132,391
As at 30 November 2023 132,391
Page 6