Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09195374 Mr Simon Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09195374 2023-08-31 09195374 2024-08-31 09195374 2023-09-01 2024-08-31 09195374 frs-core:CurrentFinancialInstruments 2024-08-31 09195374 frs-core:Non-currentFinancialInstruments 2024-08-31 09195374 frs-core:BetweenOneFiveYears 2024-08-31 09195374 frs-core:ComputerEquipment 2024-08-31 09195374 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09195374 frs-core:ComputerEquipment 2023-08-31 09195374 frs-core:FurnitureFittings 2024-08-31 09195374 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09195374 frs-core:FurnitureFittings 2023-08-31 09195374 frs-core:NetGoodwill 2024-08-31 09195374 frs-core:NetGoodwill 2023-09-01 2024-08-31 09195374 frs-core:NetGoodwill 2023-08-31 09195374 frs-core:MotorVehicles 2024-08-31 09195374 frs-core:MotorVehicles 2023-09-01 2024-08-31 09195374 frs-core:MotorVehicles 2023-08-31 09195374 frs-core:PlantMachinery 2024-08-31 09195374 frs-core:PlantMachinery 2023-09-01 2024-08-31 09195374 frs-core:PlantMachinery 2023-08-31 09195374 frs-core:WithinOneYear 2024-08-31 09195374 frs-core:ShareCapital 2024-08-31 09195374 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09195374 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09195374 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09195374 frs-bus:SmallEntities 2023-09-01 2024-08-31 09195374 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09195374 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09195374 frs-bus:Director1 2023-09-01 2024-08-31 09195374 frs-countries:EnglandWales 2023-09-01 2024-08-31 09195374 2022-08-31 09195374 2023-08-31 09195374 2022-09-01 2023-08-31 09195374 frs-core:CurrentFinancialInstruments 2023-08-31 09195374 frs-core:Non-currentFinancialInstruments 2023-08-31 09195374 frs-core:BetweenOneFiveYears 2023-08-31 09195374 frs-core:WithinOneYear 2023-08-31 09195374 frs-core:ShareCapital 2023-08-31 09195374 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09195374
W2 Commercial Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09195374
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 67,233 38,905
67,233 38,905
CURRENT ASSETS
Debtors 6 3,693 -
Cash at bank and in hand 25,860 31,023
29,553 31,023
Creditors: Amounts Falling Due Within One Year 7 (25,394 ) (18,160 )
NET CURRENT ASSETS (LIABILITIES) 4,159 12,863
TOTAL ASSETS LESS CURRENT LIABILITIES 71,392 51,768
Creditors: Amounts Falling Due After More Than One Year 8 (70,157 ) (50,594 )
NET ASSETS 1,235 1,174
CAPITAL AND RESERVES
Called up share capital 10 1,002 1,002
Profit and Loss Account 233 172
SHAREHOLDERS' FUNDS 1,235 1,174
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For the year ending 31 August 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 Simon Webb
Director
05/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
W2 Commercial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09195374 . The registered office is 211 Fford-Y-Dociau, Barry, South Glamorgan, CF62 5DX.
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.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
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% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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 year 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.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 20,000
As at 31 August 2024 20,000
Amortisation
As at 1 September 2023 20,000
As at 31 August 2024 20,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 21,031 35,495 - 5,950 62,476
Additions 16,269 47,585 9,733 - 73,587
Disposals - (35,495 ) - - (35,495 )
As at 31 August 2024 37,300 47,585 9,733 5,950 100,568
Depreciation
As at 1 September 2023 9,650 8,874 - 5,047 23,571
Provided during the period 6,554 11,358 143 583 18,638
Disposals - (8,874 ) - - (8,874 )
As at 31 August 2024 16,204 11,358 143 5,630 33,335
Net Book Value
As at 31 August 2024 21,096 36,227 9,590 320 67,233
As at 1 September 2023 11,381 26,621 - 903 38,905
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,693 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,495 4,851
Bank loans and overdrafts 7,348 5,681
Other creditors 1,838 256
Taxation and social security 10,713 7,372
25,394 18,160
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,603 14,969
Bank loans 38,554 35,625
70,157 50,594
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,495 4,851
Later than one year and not later than five years 31,603 14,969
37,098 19,820
37,098 19,820
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,002 1,002
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