Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09308963 Mr Keith Bellringer Mr Keith Bellringer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09308963 2022-11-30 09308963 2023-11-30 09308963 2022-12-01 2023-11-30 09308963 frs-core:CurrentFinancialInstruments 2023-11-30 09308963 frs-core:Non-currentFinancialInstruments 2023-11-30 09308963 frs-core:ComputerEquipment 2023-11-30 09308963 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09308963 frs-core:ComputerEquipment 2022-11-30 09308963 frs-core:FurnitureFittings 2022-12-01 2023-11-30 09308963 frs-core:MotorVehicles 2022-12-01 2023-11-30 09308963 frs-core:PlantMachinery 2023-11-30 09308963 frs-core:PlantMachinery 2022-12-01 2023-11-30 09308963 frs-core:PlantMachinery 2022-11-30 09308963 frs-core:ShareCapital 2023-11-30 09308963 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09308963 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09308963 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09308963 frs-bus:SmallEntities 2022-12-01 2023-11-30 09308963 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09308963 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09308963 frs-bus:Director1 2022-12-01 2023-11-30 09308963 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 09308963 frs-countries:EnglandWales 2022-12-01 2023-11-30 09308963 2021-11-30 09308963 2022-11-30 09308963 2021-12-01 2022-11-30 09308963 frs-core:CurrentFinancialInstruments 2022-11-30 09308963 frs-core:Non-currentFinancialInstruments 2022-11-30 09308963 frs-core:ShareCapital 2022-11-30 09308963 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09308963
CW Trade Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09308963
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,124 70,883
58,124 70,883
CURRENT ASSETS
Stocks 5 43,007 62,677
Debtors 6 19,969 25,591
Cash at bank and in hand - 3,958
62,976 92,226
Creditors: Amounts Falling Due Within One Year 7 (74,062 ) (83,577 )
NET CURRENT ASSETS (LIABILITIES) (11,086 ) 8,649
TOTAL ASSETS LESS CURRENT LIABILITIES 47,038 79,532
Creditors: Amounts Falling Due After More Than One Year 8 (4,709 ) (9,080 )
NET ASSETS 42,329 70,452
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 42,229 70,352
SHAREHOLDERS' FUNDS 42,329 70,452
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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 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 Keith Bellringer
Director
19th June 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
CW Trade Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09308963 . The registered office is 1 Scott House, Cook Way, Bindon Road , Taunton, Somerset, TA2 6BG.
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:
Plant & Machinery 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
Computer Equipment 18%
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 58,234 29,146 87,380
As at 30 November 2023 58,234 29,146 87,380
Depreciation
As at 1 December 2022 6,806 9,691 16,497
Provided during the period 3,502 9,257 12,759
As at 30 November 2023 10,308 18,948 29,256
Net Book Value
As at 30 November 2023 47,926 10,198 58,124
As at 1 December 2022 51,428 19,455 70,883
5. Stocks
2023 2022
£ £
Stock 43,007 62,677
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,948 17,224
Other debtors 21 8,367
19,969 25,591
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 33,459
Bank loans and overdrafts 71,949 49,688
Other creditors 400 400
Taxation and social security 1,712 30
74,062 83,577
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 4,709 9,080
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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