Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 August 2022 false 1 April 2023 31 March 2024 31 March 2024 9672769 Miss Hannah Windsor Mr Wayne Foulkes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9672769 2023-03-31 9672769 2024-03-31 9672769 2023-04-01 2024-03-31 9672769 frs-core:CurrentFinancialInstruments 2024-03-31 9672769 frs-core:Non-currentFinancialInstruments 2024-03-31 9672769 frs-core:PlantMachinery 2024-03-31 9672769 frs-core:PlantMachinery 2023-04-01 2024-03-31 9672769 frs-core:PlantMachinery 2023-03-31 9672769 frs-core:ShareCapital 2024-03-31 9672769 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 9672769 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 9672769 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 9672769 frs-bus:SmallEntities 2023-04-01 2024-03-31 9672769 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 9672769 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 9672769 frs-bus:Director1 2023-04-01 2024-03-31 9672769 frs-bus:Director2 2023-04-01 2024-03-31 9672769 frs-countries:EnglandWales 2023-04-01 2024-03-31 9672769 2022-07-31 9672769 2023-03-31 9672769 2022-08-01 2023-03-31 9672769 frs-core:CurrentFinancialInstruments 2023-03-31 9672769 frs-core:Non-currentFinancialInstruments 2023-03-31 9672769 frs-core:ShareCapital 2023-03-31 9672769 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 9672769
World of Tech Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 9672769
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,426 5,362
6,426 5,362
CURRENT ASSETS
Stocks 5 45,161 50,812
Debtors 6 - 271
Cash at bank and in hand 5,637 11,233
50,798 62,316
Creditors: Amounts Falling Due Within One Year 7 (22,117 ) (24,531 )
NET CURRENT ASSETS (LIABILITIES) 28,681 37,785
TOTAL ASSETS LESS CURRENT LIABILITIES 35,107 43,147
Creditors: Amounts Falling Due After More Than One Year 8 (32,738 ) (41,476 )
NET ASSETS 2,369 1,671
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 2,367 1,669
SHAREHOLDERS' FUNDS 2,369 1,671
Page 1
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 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 Wayne Foulkes
Director
05/09/2024
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
World of Tech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9672769 . The registered office is 19b Leg Street, Oswestry, Shropshire, SY11 2NL.
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 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 18,924
Additions 3,205
As at 31 March 2024 22,129
Depreciation
As at 1 April 2023 13,562
Provided during the period 2,141
As at 31 March 2024 15,703
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 6,426
As at 1 April 2023 5,362
5. Stocks
31 March 2024 31 March 2023
£ £
Stock 45,161 50,812
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income - 271
- 271
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 5,680 10,337
Bank loans and overdrafts 2,757 1,899
Other loans 8,738 7,934
Other taxes and social security 202 342
VAT 3,199 3,055
Other creditors 1,021 564
Accruals and deferred income 500 400
Directors' loan accounts 20 -
22,117 24,531
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Other loans 32,738 41,476
32,738 41,476
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4