Acorah Software Products - Accounts Production 14.6.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05530215 Mr Nick Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05530215 2023-03-31 05530215 2024-03-31 05530215 2023-04-01 2024-03-31 05530215 frs-core:CurrentFinancialInstruments 2024-03-31 05530215 frs-core:ComputerEquipment 2024-03-31 05530215 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05530215 frs-core:ComputerEquipment 2023-03-31 05530215 frs-core:MotorVehicles 2024-03-31 05530215 frs-core:MotorVehicles 2023-04-01 2024-03-31 05530215 frs-core:MotorVehicles 2023-03-31 05530215 frs-core:PlantMachinery 2024-03-31 05530215 frs-core:PlantMachinery 2023-04-01 2024-03-31 05530215 frs-core:PlantMachinery 2023-03-31 05530215 frs-core:ShareCapital 2024-03-31 05530215 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05530215 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05530215 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05530215 frs-bus:SmallEntities 2023-04-01 2024-03-31 05530215 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05530215 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05530215 frs-bus:Director1 2023-04-01 2024-03-31 05530215 frs-bus:Director1 2023-03-31 05530215 frs-bus:Director1 2024-03-31 05530215 frs-countries:EnglandWales 2023-04-01 2024-03-31 05530215 2022-03-31 05530215 2023-03-31 05530215 2022-04-01 2023-03-31 05530215 frs-core:CurrentFinancialInstruments 2023-03-31 05530215 frs-core:ShareCapital 2023-03-31 05530215 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05530215
WWES Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Stack & Jones Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05530215
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,192 154
1,192 154
CURRENT ASSETS
Stocks 5 100 300
Debtors 6 3,246 15,834
Cash at bank and in hand 1,917 -
5,263 16,134
Creditors: Amounts Falling Due Within One Year 7 (12,546 ) (18,978 )
NET CURRENT ASSETS (LIABILITIES) (7,283 ) (2,844 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,091 ) (2,690 )
NET LIABILITIES (6,091 ) (2,690 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (6,092 ) (2,691 )
SHAREHOLDERS' FUNDS (6,091) (2,690)
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Page 2
For the year ending 31 March 2024 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 Nick Ward
Director
12/08/2024
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
WWES Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05530215 . The registered office is Unit 4, Willows Gate, Stratton Audley, Bicester, Oxfordshire, OX27 9AU.
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. Going Concern Disclosure
The company's financial statements have been prepared on a going concern basis, even though the balance sheet shows net liabilities. The company is dependent upon the continued support of its shareholders and director who will continue to obtain the necessary finance. Therefore the director considers the preparation of the financial statements on a going concern basis to be appropriate
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,307 4,000 2,153 7,460
Additions - - 1,473 1,473
Disposals - - (1,641 ) (1,641 )
As at 31 March 2024 1,307 4,000 1,985 7,292
Depreciation
As at 1 April 2023 1,294 3,910 2,102 7,306
Provided during the period 3 22 371 396
Disposals - - (1,602 ) (1,602 )
As at 31 March 2024 1,297 3,932 871 6,100
Net Book Value
As at 31 March 2024 10 68 1,114 1,192
As at 1 April 2023 13 90 51 154
5. Stocks
2024 2023
£ £
Stock 100 300
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,295 2,700
Prepayments and accrued income 842 759
VAT 446 523
Director's loan account 663 11,852
3,246 15,834
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,862 3,695
Bank loans and overdrafts 6,518 11,952
Other taxes and social security 208 565
Net wages 1,533 1,519
Accruals and deferred income 1,425 1,247
12,546 18,978
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Nick Ward 11,852 663 11,852 - 663
The above loan is unsecured, interest free and repayable on demand.
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