Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 14014391 Mr Jack Dickerson Mr Brendon Parsons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14014391 2023-03-31 14014391 2024-03-31 14014391 2023-04-01 2024-03-31 14014391 frs-core:CurrentFinancialInstruments 2024-03-31 14014391 frs-core:ComputerEquipment 2024-03-31 14014391 frs-core:ComputerEquipment 2023-04-01 2024-03-31 14014391 frs-core:ComputerEquipment 2023-03-31 14014391 frs-core:MotorVehicles 2024-03-31 14014391 frs-core:MotorVehicles 2023-04-01 2024-03-31 14014391 frs-core:MotorVehicles 2023-03-31 14014391 frs-core:PlantMachinery 2024-03-31 14014391 frs-core:PlantMachinery 2023-04-01 2024-03-31 14014391 frs-core:PlantMachinery 2023-03-31 14014391 frs-core:ShareCapital 2024-03-31 14014391 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14014391 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14014391 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 14014391 frs-bus:SmallEntities 2023-04-01 2024-03-31 14014391 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14014391 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14014391 frs-bus:Director1 2023-04-01 2024-03-31 14014391 frs-bus:Director2 2023-04-01 2024-03-31 14014391 frs-countries:EnglandWales 2023-04-01 2024-03-31 14014391 2022-03-31 14014391 2023-03-31 14014391 2022-04-01 2023-03-31 14014391 frs-core:CurrentFinancialInstruments 2023-03-31 14014391 frs-core:ShareCapital 2023-03-31 14014391 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 14014391
Waterworxz Ltd
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14014391
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 101,612 51,411
101,612 51,411
CURRENT ASSETS
Stocks 4 1,268 895
Debtors 5 2,450 1,359
Cash at bank and in hand 106,108 20,788
109,826 23,042
Creditors: Amounts Falling Due Within One Year 6 (159,707 ) (59,356 )
NET CURRENT ASSETS (LIABILITIES) (49,881 ) (36,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES 51,731 15,097
NET ASSETS 51,731 15,097
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 51,729 15,095
SHAREHOLDERS' FUNDS 51,731 15,097
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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 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 Jack Dickerson
Director
29th August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 8% Reducing balance
Motor Vehicles 8% Reducing balance
Computer Equipment 8% Reducing balance
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 2)
3 2
3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 28,712 25,926 1,243 55,881
Additions 41,253 16,500 1,283 59,036
As at 31 March 2024 69,965 42,426 2,526 114,917
Depreciation
As at 1 April 2023 2,297 2,074 99 4,470
Provided during the period 5,413 3,228 194 8,835
As at 31 March 2024 7,710 5,302 293 13,305
Net Book Value
As at 31 March 2024 62,255 37,124 2,233 101,612
As at 1 April 2023 26,415 23,852 1,144 51,411
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4. Stocks
2024 2023
£ £
Stock 1,268 895
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,450 -
Other taxes and social security - 1,359
2,450 1,359
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 153,943 33,107
Accruals and deferred income 1,895 1,290
Directors' loan accounts 3,869 24,959
159,707 59,356
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. General Information
Waterworxz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14014391 . The registered office is 57 Holly Court, St. Modwen Road, Plymouth, PL6 8LG.
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