Acorah Software Products - Accounts Production 14.6.300 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 11942978 Mr Richard Weatherburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11942978 2022-09-30 11942978 2023-09-30 11942978 2022-10-01 2023-09-30 11942978 frs-core:CurrentFinancialInstruments 2023-09-30 11942978 frs-core:ComputerEquipment 2022-10-01 2023-09-30 11942978 frs-core:FurnitureFittings 2023-09-30 11942978 frs-core:FurnitureFittings 2022-10-01 2023-09-30 11942978 frs-core:FurnitureFittings 2022-09-30 11942978 frs-core:PlantMachinery 2023-09-30 11942978 frs-core:PlantMachinery 2022-10-01 2023-09-30 11942978 frs-core:PlantMachinery 2022-09-30 11942978 frs-core:ShareCapital 2023-09-30 11942978 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 11942978 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11942978 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 11942978 frs-bus:SmallEntities 2022-10-01 2023-09-30 11942978 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 11942978 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 11942978 frs-bus:Director1 2022-10-01 2023-09-30 11942978 frs-countries:EnglandWales 2022-10-01 2023-09-30 11942978 2021-09-30 11942978 2022-09-30 11942978 2021-10-01 2022-09-30 11942978 frs-core:CurrentFinancialInstruments 2022-09-30 11942978 frs-core:ShareCapital 2022-09-30 11942978 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 11942978
313 Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Avery Martin Accountants
Gainford House Picktree Lane
Chester Le Street
DH3 3SR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11942978
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (99 ) 201
(99 ) 201
CURRENT ASSETS
Debtors 5 - 66,355
Cash at bank and in hand 14,603 -
14,603 66,355
Creditors: Amounts Falling Due Within One Year 6 (46,158 ) (71,612 )
NET CURRENT ASSETS (LIABILITIES) (31,555 ) (5,257 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,654 ) (5,056 )
NET LIABILITIES (31,654 ) (5,056 )
CAPITAL AND RESERVES
Called up share capital 7 285 285
Profit and Loss Account (31,939 ) (5,341 )
SHAREHOLDERS' FUNDS (31,654) (5,056)
Page 1
Page 2
For the year ending 30 September 2023 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 Richard Weatherburn
Director
25th June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
313 Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11942978 . The registered office is 2 Boundary View, Burnhope, Durham, DH7 0AQ.
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 20% Reducing Balance
Computer Equipment 33% Straight LIne
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2022 - 1,398 1,398
As at 30 September 2023 - 1,398 1,398
Depreciation
As at 1 October 2022 - 1,197 1,197
Provided during the period - 300 300
As at 30 September 2023 - 1,497 1,497
Net Book Value
As at 30 September 2023 - (99 ) (99 )
As at 1 October 2022 - 201 201
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - (1,000 )
Director's loan account - 67,355
- 66,355
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 36,113 46,905
Other taxes and social security 2,933 2,681
Other creditors 5,000 20,026
Accruals and deferred income 1,000 2,000
Director's loan account 1,112 -
46,158 71,612
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 285 285
Page 4