Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06084976 Mr David Matthews Mrs Wendy Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06084976 2023-07-31 06084976 2024-07-31 06084976 2023-08-01 2024-07-31 06084976 frs-core:CurrentFinancialInstruments 2024-07-31 06084976 frs-core:ComputerEquipment 2024-07-31 06084976 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06084976 frs-core:ComputerEquipment 2023-07-31 06084976 frs-core:FurnitureFittings 2024-07-31 06084976 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06084976 frs-core:FurnitureFittings 2023-07-31 06084976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 06084976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06084976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 06084976 frs-core:ShareCapital 2024-07-31 06084976 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06084976 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06084976 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06084976 frs-bus:SmallEntities 2023-08-01 2024-07-31 06084976 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06084976 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06084976 frs-bus:Director1 2023-08-01 2024-07-31 06084976 frs-bus:Director2 2023-08-01 2024-07-31 06084976 frs-countries:EnglandWales 2023-08-01 2024-07-31 06084976 2022-07-31 06084976 2023-07-31 06084976 2022-08-01 2023-07-31 06084976 frs-core:CurrentFinancialInstruments 2023-07-31 06084976 frs-core:ShareCapital 2023-07-31 06084976 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06084976
DW ENGINEERING INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06084976
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 760,264 575,100
760,264 575,100
CURRENT ASSETS
Debtors 5 4 40
Cash at bank and in hand 90,401 83,267
90,405 83,307
Creditors: Amounts Falling Due Within One Year 6 (3,241 ) (3,515 )
NET CURRENT ASSETS (LIABILITIES) 87,164 79,792
TOTAL ASSETS LESS CURRENT LIABILITIES 847,428 654,892
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,664 ) -
NET ASSETS 801,764 654,892
CAPITAL AND RESERVES
Called up share capital 7 6 6
Profit and Loss Account 801,758 654,886
SHAREHOLDERS' FUNDS 801,764 654,892
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Page 2
For the year ending 31 July 2024 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 David Matthews
Director
16th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DW ENGINEERING INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06084976 . The registered office is 82 High Street, Golborne, Warrington, WA3 3DA.
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.
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 No depreciation
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 August 2023 574,521 2,196 688 577,405
Revaluation 185,480 - - 185,480
As at 31 July 2024 760,001 2,196 688 762,885
Depreciation
As at 1 August 2023 - 1,847 458 2,305
Provided during the period - 87 229 316
As at 31 July 2024 - 1,934 687 2,621
Net Book Value
As at 31 July 2024 760,001 262 1 760,264
As at 1 August 2023 574,521 349 230 575,100
5. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts - 36
Called up share capital not paid 4 4
4 40
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,667 2,975
Accruals and deferred income 570 540
Directors' loan accounts 4 -
3,241 3,515
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 4 4
Called Up Share Capital has been paid up 2 2
Amount of Allotted, Called Up Share Capital 6 6
Page 4