Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06225278 Mr Declan Williams Ms Samantha Read iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06225278 2023-04-30 06225278 2024-04-30 06225278 2023-05-01 2024-04-30 06225278 frs-core:CurrentFinancialInstruments 2024-04-30 06225278 frs-core:Non-currentFinancialInstruments 2024-04-30 06225278 frs-core:BetweenOneFiveYears 2024-04-30 06225278 frs-core:FurnitureFittings 2024-04-30 06225278 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06225278 frs-core:FurnitureFittings 2023-04-30 06225278 frs-core:NetGoodwill 2024-04-30 06225278 frs-core:NetGoodwill 2023-05-01 2024-04-30 06225278 frs-core:NetGoodwill 2023-04-30 06225278 frs-core:MotorVehicles 2024-04-30 06225278 frs-core:MotorVehicles 2023-05-01 2024-04-30 06225278 frs-core:MotorVehicles 2023-04-30 06225278 frs-core:PlantMachinery 2024-04-30 06225278 frs-core:PlantMachinery 2023-05-01 2024-04-30 06225278 frs-core:PlantMachinery 2023-04-30 06225278 frs-core:WithinOneYear 2024-04-30 06225278 frs-core:ShareCapital 2024-04-30 06225278 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06225278 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06225278 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06225278 frs-bus:SmallEntities 2023-05-01 2024-04-30 06225278 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06225278 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06225278 frs-bus:Director1 2023-05-01 2024-04-30 06225278 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06225278 frs-countries:EnglandWales 2023-05-01 2024-04-30 06225278 2022-04-30 06225278 2023-04-30 06225278 2022-05-01 2023-04-30 06225278 frs-core:CurrentFinancialInstruments 2023-04-30 06225278 frs-core:Non-currentFinancialInstruments 2023-04-30 06225278 frs-core:BetweenOneFiveYears 2023-04-30 06225278 frs-core:WithinOneYear 2023-04-30 06225278 frs-core:ShareCapital 2023-04-30 06225278 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06225278
Declan Williams Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Chippendale and Clark
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06225278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 45,225 44,162
45,225 44,162
CURRENT ASSETS
Debtors 6 27,444 73,350
Cash at bank and in hand 94,579 66,922
122,023 140,272
Creditors: Amounts Falling Due Within One Year 7 (55,809 ) (73,963 )
NET CURRENT ASSETS (LIABILITIES) 66,214 66,309
TOTAL ASSETS LESS CURRENT LIABILITIES 111,439 110,471
Creditors: Amounts Falling Due After More Than One Year 8 (23,190 ) (33,828 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,187 ) (10,257 )
NET ASSETS 78,062 66,386
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 78,061 66,385
SHAREHOLDERS' FUNDS 78,062 66,386
Page 1
Page 2
For the year ending 30 April 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 Declan Williams
Director
30/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Declan Williams Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06225278 . The registered office is 7/8 Avon Reach, Monkton Hill, Chippenham, Wiltshire, SN15 1EE.
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. 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 4 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% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Ballance
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.
Page 3
Page 4
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.
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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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 May 2023 9,200
As at 30 April 2024 9,200
Amortisation
As at 1 May 2023 9,200
As at 30 April 2024 9,200
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 34,942 70,998 807 106,747
Additions 6,379 12,362 - 18,741
Disposals (726 ) (12,344 ) - (13,070 )
As at 30 April 2024 40,595 71,016 807 112,418
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 May 2023 17,336 45,048 201 62,585
Provided during the period 5,895 9,027 151 15,073
Disposals (318 ) (10,147 ) - (10,465 )
As at 30 April 2024 22,913 43,928 352 67,193
Net Book Value
As at 30 April 2024 17,682 27,088 455 45,225
As at 1 May 2023 17,606 25,950 606 44,162
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,444 73,350
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,600 8,600
Trade creditors 11,153 10,580
Bank loans and overdrafts 2,401 2,302
Corporation tax 21,225 22,148
Other taxes and social security 2,229 3,396
VAT 10,201 26,848
Director's loan account - 89
55,809 73,963
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,875 29,475
Bank loans 2,315 4,353
23,190 33,828
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,600 8,600
Later than one year and not later than five years 20,875 29,475
29,475 38,075
29,475 38,075
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6