Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09546624 Mr Stuart Wright Mrs Polly Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09546624 2023-03-31 09546624 2024-03-31 09546624 2023-04-01 2024-03-31 09546624 frs-core:CurrentFinancialInstruments 2024-03-31 09546624 frs-core:ComputerEquipment 2024-03-31 09546624 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09546624 frs-core:ComputerEquipment 2023-03-31 09546624 frs-core:MotorVehicles 2024-03-31 09546624 frs-core:MotorVehicles 2023-04-01 2024-03-31 09546624 frs-core:MotorVehicles 2023-03-31 09546624 frs-core:PlantMachinery 2024-03-31 09546624 frs-core:PlantMachinery 2023-04-01 2024-03-31 09546624 frs-core:PlantMachinery 2023-03-31 09546624 frs-core:ShareCapital 2024-03-31 09546624 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09546624 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09546624 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09546624 frs-bus:SmallEntities 2023-04-01 2024-03-31 09546624 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09546624 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09546624 frs-bus:Director1 2023-04-01 2024-03-31 09546624 frs-bus:Director2 2023-04-01 2024-03-31 09546624 frs-countries:EnglandWales 2023-04-01 2024-03-31 09546624 2022-03-31 09546624 2023-03-31 09546624 2022-04-01 2023-03-31 09546624 frs-core:CurrentFinancialInstruments 2023-03-31 09546624 frs-core:ShareCapital 2023-03-31 09546624 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09546624
SPW Creative Endeavours Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09546624
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,350 27,857
22,350 27,857
CURRENT ASSETS
Stocks 5 12,000 10,000
Debtors 6 585 729
Cash at bank and in hand 49,194 72,374
61,779 83,103
Creditors: Amounts Falling Due Within One Year 7 (104,533 ) (103,805 )
NET CURRENT ASSETS (LIABILITIES) (42,754 ) (20,702 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,404 ) 7,155
PROVISIONS FOR LIABILITIES
Deferred Taxation (82 ) (214 )
NET (LIABILITIES)/ASSETS (20,486 ) 6,941
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (20,586 ) 6,841
SHAREHOLDERS' FUNDS (20,486) 6,941
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 Stuart Wright
Director
Mrs Polly Wright
Director
16 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
SPW Creative Endeavours Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09546624 . The registered office is 17 The Glebe, Hockering, Dereham , Norfolk, England, NR20 3TX.
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. Going Concern Disclosure
At 31 March 2024 the company's current liabilities exceeded its current assets by £42,754 (2023: £20,702). The accounts have therefore been prepared on a going concern basis, the validity of which depends on support continuing to be made available or alternative funding being arranged. Should the company be unable to continue trading, adjustments would be made to reduce the value of the fixed assets to their recoverable amount and reclassify them as current assets, and to provide for any further liabilities which might arise.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
Equipment 15% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 33% on cost
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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 years 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.
...CONTINUED
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2.6. Taxation - continued
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 assets reflect 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: 2 (2023: 2)
2 2
4. Tangible Assets
Equipment Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 April 2023 15,065 39,258 6,963 61,286
Additions 941 - - 941
As at 31 March 2024 16,006 39,258 6,963 62,227
Depreciation
As at 1 April 2023 8,454 18,065 6,910 33,429
Provided during the period 1,097 5,298 53 6,448
As at 31 March 2024 9,551 23,363 6,963 39,877
Net Book Value
As at 31 March 2024 6,455 15,895 - 22,350
As at 1 April 2023 6,611 21,193 53 27,857
5. Stocks
2024 2023
£ £
Stock 12,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 585 729
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 196 322
Corporation tax 4,104 7,096
Social security & other taxes 12,470 1,670
Other creditors 2,533 1,760
Accruals & deferred income 84,987 84,952
Directors' loan accounts 243 8,005
104,533 103,805
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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