Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04240205 Mr Andrew David Middleton Dunning Mr Geoffrey David Dunning Mr Andrew Paul Gardner Ms Elaine Patricia Lamb Mrs Anne Dunning Ms Elaine Patricia Lamb G D Dunning B6 Langham Park, Lows Lane, Stanton By Dale, Ilkeston, Derbyshire, DE7 4RJ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04240205 2022-12-31 04240205 2023-12-31 04240205 2023-01-01 2023-12-31 04240205 frs-core:CurrentFinancialInstruments 2023-12-31 04240205 frs-core:ComputerEquipment 2023-12-31 04240205 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04240205 frs-core:ComputerEquipment 2022-12-31 04240205 frs-core:FurnitureFittings 2023-12-31 04240205 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04240205 frs-core:FurnitureFittings 2022-12-31 04240205 frs-core:ShareCapital 2023-12-31 04240205 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04240205 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04240205 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04240205 frs-bus:SmallEntities 2023-01-01 2023-12-31 04240205 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04240205 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04240205 1 2023-01-01 2023-12-31 04240205 frs-bus:Director1 2023-01-01 2023-12-31 04240205 frs-bus:Director2 2023-01-01 2023-12-31 04240205 frs-bus:Director3 2023-01-01 2023-12-31 04240205 frs-bus:Director4 2023-01-01 2023-12-31 04240205 frs-bus:Director5 2023-01-01 2023-12-31 04240205 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04240205 frs-countries:EnglandWales 2023-01-01 2023-12-31 04240205 2021-12-31 04240205 2022-12-31 04240205 2022-01-01 2022-12-31 04240205 frs-core:CurrentFinancialInstruments 2022-12-31 04240205 frs-core:ShareCapital 2022-12-31 04240205 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04240205
A.I.E.W. Distribution Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04240205
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 352 130
352 130
CURRENT ASSETS
Stocks 5 96,368 104,075
Debtors 6 188,054 160,960
Cash at bank and in hand 42,618 36,649
327,040 301,684
Creditors: Amounts Falling Due Within One Year 7 (220,993 ) (197,427 )
NET CURRENT ASSETS (LIABILITIES) 106,047 104,257
TOTAL ASSETS LESS CURRENT LIABILITIES 106,399 104,387
PROVISIONS FOR LIABILITIES
Deferred Taxation (67 ) (25 )
NET ASSETS 106,332 104,362
CAPITAL AND RESERVES
Called up share capital 8 16,982 16,982
Profit and Loss Account 89,350 87,380
SHAREHOLDERS' FUNDS 106,332 104,362
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For the year ending 31 December 2023 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 Andrew Paul Gardner
Director
Ms Elaine Patricia Lamb
Director
5 September 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
A.I.E.W. Distribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04240205 . The registered office is B6 Langham Park, Lows Lane, Stanton-By-Dale, Ilkeston, Derbyshire, DE7 4RJ.
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:
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 698 127 825
Additions - 528 528
As at 31 December 2023 698 655 1,353
Depreciation
As at 1 January 2023 610 85 695
Provided during the period 88 218 306
As at 31 December 2023 698 303 1,001
Net Book Value
As at 31 December 2023 - 352 352
As at 1 January 2023 88 42 130
5. Stocks
2023 2022
£ £
Stock 96,368 104,075
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 178,349 149,429
Prepayments and accrued income 9,705 11,531
188,054 160,960
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 192,202 162,077
Corporation tax 411 1,543
Other taxes and social security 1,139 3,851
Accruals and deferred income 2,884 2,729
Amounts owed to group undertakings 24,357 27,227
220,993 197,427
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 16,982 16,982
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9. Related Party Transactions
The company provided goods and services to and received goods and services from the parent company, Associated Independent Electrical Wholesalers Limited, with all transactions taking place at market value on normal commercial terms.
At the balance sheet date, an amount of £24,357 (2022: £27,227) was owed to Associated Independent Electrical Wholesalers Limited.
During the year a management charge of £18,000 (2022: £21,000) was paid to Associated Independent Electrical Wholesalers Limited.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Associated Independent Electrical Wholesalers Limited . Associated Independent Electrical Wholesalers Limited was incorporated in England. The registered office and principal place of business of the parent undertaking is B6 Langham Park, Lows Lane, Stanton By Dale, Ilkeston, Derbyshire, DE7 4RJ .
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