Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10927018 Mr Nicholas Walton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10927018 2022-08-31 10927018 2023-08-31 10927018 2022-09-01 2023-08-31 10927018 frs-core:CurrentFinancialInstruments 2023-08-31 10927018 frs-core:Non-currentFinancialInstruments 2023-08-31 10927018 frs-core:BetweenOneFiveYears 2023-08-31 10927018 frs-core:ComputerEquipment 2023-08-31 10927018 frs-core:ComputerEquipment 2022-09-01 2023-08-31 10927018 frs-core:ComputerEquipment 2022-08-31 10927018 frs-core:FurnitureFittings 2023-08-31 10927018 frs-core:FurnitureFittings 2022-09-01 2023-08-31 10927018 frs-core:FurnitureFittings 2022-08-31 10927018 frs-core:MotorVehicles 2023-08-31 10927018 frs-core:MotorVehicles 2022-09-01 2023-08-31 10927018 frs-core:MotorVehicles 2022-08-31 10927018 frs-core:PlantMachinery 2023-08-31 10927018 frs-core:PlantMachinery 2022-09-01 2023-08-31 10927018 frs-core:PlantMachinery 2022-08-31 10927018 frs-core:WithinOneYear 2023-08-31 10927018 frs-core:ShareCapital 2023-08-31 10927018 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10927018 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10927018 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10927018 frs-bus:SmallEntities 2022-09-01 2023-08-31 10927018 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10927018 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10927018 frs-bus:Director1 2022-09-01 2023-08-31 10927018 frs-bus:Director1 2022-08-31 10927018 frs-bus:Director1 2023-08-31 10927018 frs-countries:EnglandWales 2022-09-01 2023-08-31 10927018 2021-08-31 10927018 2022-08-31 10927018 2021-09-01 2022-08-31 10927018 frs-core:CurrentFinancialInstruments 2022-08-31 10927018 frs-core:Non-currentFinancialInstruments 2022-08-31 10927018 frs-core:BetweenOneFiveYears 2022-08-31 10927018 frs-core:WithinOneYear 2022-08-31 10927018 frs-core:ShareCapital 2022-08-31 10927018 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10927018
Nicholas Walton Design Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10927018
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,320 81,984
64,320 81,984
CURRENT ASSETS
Stocks 5 6,585 7,325
Debtors 6 55,357 23,633
Cash at bank and in hand 1,135 12,061
63,077 43,019
Creditors: Amounts Falling Due Within One Year 7 (82,534 ) (76,341 )
NET CURRENT ASSETS (LIABILITIES) (19,457 ) (33,322 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,863 48,662
Creditors: Amounts Falling Due After More Than One Year 8 (54,722 ) (75,590 )
NET LIABILITIES (9,859 ) (26,928 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (9,959 ) (27,028 )
SHAREHOLDERS' FUNDS (9,859) (26,928)
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For the year ending 31 August 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 Nicholas Walton
Director
22 August 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
Nicholas Walton Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10927018 . The registered office is 33 West Borough, Wimborne , Dorset , BH21 1LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Going Concern Disclosure
The director has confirmed that the company is a going concern and has agreed to continue to support the company for the next 12 months following approval of the accounts.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33.3% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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. 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: 4 (2022: 5)
4 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2022 28,998 99,352 3,919 2,513 134,782
Additions 2,518 - - - 2,518
As at 31 August 2023 31,516 99,352 3,919 2,513 137,300
Depreciation
As at 1 September 2022 13,537 36,245 2,124 892 52,798
Provided during the period 3,596 15,776 270 540 20,182
As at 31 August 2023 17,133 52,021 2,394 1,432 72,980
Net Book Value
As at 31 August 2023 14,383 47,331 1,525 1,081 64,320
As at 1 September 2022 15,461 63,107 1,795 1,621 81,984
5. Stocks
2023 2022
£ £
Work in progress 6,585 7,325
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,875 1,092
Prepayments and accrued income 5,380 4,185
Other debtors 14,179 4,080
Director's loan account 29,923 14,276
55,357 23,633
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,400 14,400
Trade creditors 22,988 15,448
Bank loans and overdrafts 6,984 7,500
Corporation tax 10,099 -
Other taxes and social security 756 -
VAT 8,326 4,864
Accruals and deferred income 18,981 34,129
82,534 76,341
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,216 35,616
Bank loans 33,506 39,974
54,722 75,590
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,400 14,400
Later than one year and not later than five years 21,216 35,616
35,616 50,016
35,616 50,016
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr Nicholas Walton 14,276 15,647 - - 29,923
The above loan is unsecured, interest free and repayable on demand.
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