Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10299171 Mr Timothy Paterson-Brown Mr Trevor Coultan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10299171 2022-12-31 10299171 2023-12-31 10299171 2023-01-01 2023-12-31 10299171 frs-core:CurrentFinancialInstruments 2023-12-31 10299171 frs-core:Non-currentFinancialInstruments 2023-12-31 10299171 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 10299171 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10299171 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 10299171 frs-core:PlantMachinery 2023-12-31 10299171 frs-core:PlantMachinery 2023-01-01 2023-12-31 10299171 frs-core:PlantMachinery 2022-12-31 10299171 frs-core:ShareCapital 2023-12-31 10299171 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10299171 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10299171 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10299171 frs-bus:SmallEntities 2023-01-01 2023-12-31 10299171 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10299171 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10299171 frs-bus:Director1 2023-01-01 2023-12-31 10299171 frs-bus:Director2 2023-01-01 2023-12-31 10299171 frs-core:CurrentFinancialInstruments 1 2023-12-31 10299171 frs-countries:EnglandWales 2023-01-01 2023-12-31 10299171 2021-12-31 10299171 2022-12-31 10299171 2022-01-01 2022-12-31 10299171 frs-core:CurrentFinancialInstruments 2022-12-31 10299171 frs-core:Non-currentFinancialInstruments 2022-12-31 10299171 frs-core:ShareCapital 2022-12-31 10299171 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10299171 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 10299171
Maxwell Renewables Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10299171
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 564,670 613,593
564,670 613,593
CURRENT ASSETS
Debtors 4 110,966 109,055
Cash at bank and in hand 6,129 3,058
117,095 112,113
Creditors: Amounts Falling Due Within One Year 5 (68,087 ) (41,419 )
NET CURRENT ASSETS (LIABILITIES) 49,008 70,694
TOTAL ASSETS LESS CURRENT LIABILITIES 613,678 684,287
Creditors: Amounts Falling Due After More Than One Year 6 (1,212,068 ) (1,242,068 )
NET LIABILITIES (598,390 ) (557,781 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (598,490 ) (557,881 )
SHAREHOLDERS' FUNDS (598,390) (557,781)
Page 1
Page 2
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 Trevor Coultan
Director
16/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Leasehold 2% straight line
Plant & Machinery 10 reducing balance
2. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 3)
5 3
3. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 180,609 814,864 995,473
As at 31 December 2023 180,609 814,864 995,473
Depreciation
As at 1 January 2023 20,116 361,764 381,880
Provided during the period 45,311 3,612 48,923
As at 31 December 2023 65,427 365,376 430,803
Net Book Value
As at 31 December 2023 115,182 449,488 564,670
As at 1 January 2023 160,493 453,100 613,593
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Page 4
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 87,737 84,548
Prepayments and accrued income 13,757 15,166
Other debtors 1,379 1,936
VAT 8,093 7,405
110,966 109,055
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 23,443 20,359
Other taxes and social security 2,787 2,112
Amounts due to other group entities 33,612 12,612
Accruals and deferred income 8,245 6,336
68,087 41,419
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to parent undertaking 1,212,068 1,242,068
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4