Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02911453 Mr Philip Maddox Mr Adam Morris Ms Mandy Paterson Mr Robert Perks Mr Kevin Rosevere Mr Nigel Scott Mr Robert Perks true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02911453 2022-12-31 02911453 2023-12-31 02911453 2023-01-01 2023-12-31 02911453 frs-core:CurrentFinancialInstruments 2023-12-31 02911453 frs-core:Non-currentFinancialInstruments 2023-12-31 02911453 frs-core:BetweenOneFiveYears 2023-12-31 02911453 frs-core:ComputerEquipment 2023-12-31 02911453 frs-core:ComputerEquipment 2023-01-01 2023-12-31 02911453 frs-core:ComputerEquipment 2022-12-31 02911453 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 02911453 frs-core:FurnitureFittings 2023-12-31 02911453 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02911453 frs-core:FurnitureFittings 2022-12-31 02911453 frs-core:OtherResidualIntangibleAssets 2023-12-31 02911453 frs-core:OtherResidualIntangibleAssets 2022-12-31 02911453 frs-core:WithinOneYear 2023-12-31 02911453 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02911453 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 02911453 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02911453 frs-bus:SmallEntities 2023-01-01 2023-12-31 02911453 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02911453 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02911453 1 2023-01-01 2023-12-31 02911453 frs-bus:Director1 2023-01-01 2023-12-31 02911453 frs-bus:Director2 2023-01-01 2023-12-31 02911453 frs-bus:Director3 2023-01-01 2023-12-31 02911453 frs-bus:Director4 2023-01-01 2023-12-31 02911453 frs-bus:Director5 2023-01-01 2023-12-31 02911453 frs-bus:Director6 2023-01-01 2023-12-31 02911453 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02911453 frs-countries:EnglandWales 2023-01-01 2023-12-31 02911453 2021-12-31 02911453 2022-12-31 02911453 2022-01-01 2022-12-31 02911453 frs-core:CurrentFinancialInstruments 2022-12-31 02911453 frs-core:Non-currentFinancialInstruments 2022-12-31 02911453 frs-core:BetweenOneFiveYears 2022-12-31 02911453 frs-core:WithinOneYear 2022-12-31 02911453 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02911453
The Wessex Association of Chambers of Commerce
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: 02911453
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 801 1,885
801 1,885
CURRENT ASSETS
Debtors 6 58,299 53,486
Cash at bank and in hand 139,543 155,446
197,842 208,932
Creditors: Amounts Falling Due Within One Year 7 (159,526 ) (161,518 )
NET CURRENT ASSETS (LIABILITIES) 38,316 47,414
TOTAL ASSETS LESS CURRENT LIABILITIES 39,117 49,299
Creditors: Amounts Falling Due After More Than One Year 8 (17,503 ) (27,352 )
NET ASSETS 21,614 21,947
Income and Expenditure Account 21,614 21,947
MEMBERS' FUNDS 21,614 21,947
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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 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 Income and Expenditure Account.
On behalf of the board
Ms Mandy Paterson
Director
30/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Wessex Association of Chambers of Commerce is a private company, limited by guarantee, incorporated in England & Wales, registered number 02911453 . The registered office is Unit 9 Heywoood House, Park Lane, Heywood, Westbury, Wiltshire, BN13 4NA.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 consist of a website. It is amortised to income and expenditure account over its estimated economic life of 1 year.
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 Over 20 Years
Computer Equipment Over 5 Years
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure 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: 2 (2022: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 14,000
As at 31 December 2023 14,000
Amortisation
As at 1 January 2023 14,000
As at 31 December 2023 14,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 931 17,440 18,371
As at 31 December 2023 931 17,440 18,371
Depreciation
As at 1 January 2023 440 16,046 16,486
Provided during the period 186 898 1,084
As at 31 December 2023 626 16,944 17,570
Net Book Value
As at 31 December 2023 305 496 801
As at 1 January 2023 491 1,394 1,885
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 50,711 45,781
Prepayments and accrued income 7,588 7,605
Other debtors - 100
58,299 53,486
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,937 17,961
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 39,501 38,799
Other creditors 450 2,538
Accruals and deferred income 101,638 92,126
Directors' loan accounts - 94
159,526 161,518
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,503 27,352
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 19,916 18,632
Later than one year and not later than five years 15,270 80,290
35,186 98,922
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
11. Ultimate Controlling Party
The company is controlled by it's directors.
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