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 03684353 A Dean A Dean iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03684353 2022-12-31 03684353 2023-12-31 03684353 2023-01-01 2023-12-31 03684353 frs-core:CurrentFinancialInstruments 2023-12-31 03684353 frs-core:Non-currentFinancialInstruments 2023-12-31 03684353 frs-core:PlantMachinery 2023-12-31 03684353 frs-core:PlantMachinery 2023-01-01 2023-12-31 03684353 frs-core:PlantMachinery 2022-12-31 03684353 frs-core:ShareCapital 2023-12-31 03684353 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03684353 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03684353 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03684353 frs-bus:SmallEntities 2023-01-01 2023-12-31 03684353 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03684353 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03684353 frs-bus:Director1 2023-01-01 2023-12-31 03684353 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03684353 frs-countries:EnglandWales 2023-01-01 2023-12-31 03684353 2021-12-31 03684353 2022-12-31 03684353 2022-01-01 2022-12-31 03684353 frs-core:CurrentFinancialInstruments 2022-12-31 03684353 frs-core:Non-currentFinancialInstruments 2022-12-31 03684353 frs-core:ShareCapital 2022-12-31 03684353 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03684353
AD Workplace Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03684353
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,780 58,599
29,780 58,599
CURRENT ASSETS
Stocks 5 15,000 15,000
Debtors 6 160,928 188,651
Cash at bank and in hand 35,381 57,717
211,309 261,368
Creditors: Amounts Falling Due Within One Year 7 (160,208 ) (209,777 )
NET CURRENT ASSETS (LIABILITIES) 51,101 51,591
TOTAL ASSETS LESS CURRENT LIABILITIES 80,881 110,190
Creditors: Amounts Falling Due After More Than One Year 8 (14,167 ) (24,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (8,964 ) (13,506 )
NET ASSETS 57,750 72,517
CAPITAL AND RESERVES
Called up share capital 10 1 1
Income Statement 57,749 72,516
SHAREHOLDERS' FUNDS 57,750 72,517
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 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 Income Statement.
On behalf of the board
A Dean
Director
22 May 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
AD Workplace Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03684353 . The registered office is Unit 1a, Station Road Business Park, Barnack, Stamford, Lincolnshire, PE9 3DW.
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 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 been invoiced 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.
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:
Plant & Machinery 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement 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 income statement over the useful life of the asset concerned.
All grants in the income statement 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: 10 (2022: 9)
10 9
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 164,901
Additions 357
Disposals (29,968 )
As at 31 December 2023 135,290
Depreciation
As at 1 January 2023 106,302
...CONTINUED
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Provided during the period 18,420
Disposals (19,212 )
As at 31 December 2023 105,510
Net Book Value
As at 31 December 2023 29,780
As at 1 January 2023 58,599
5. Stocks
2023 2022
£ £
Stock 15,000 15,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,055 51,509
Prepayments and accrued income 16,405 12,771
Amounts owed by other participating interests 135,468 124,371
160,928 188,651
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 52,182 82,680
Bank loans and overdrafts 10,000 10,000
Corporation tax 2,239 7,575
Other taxes and social security 7,090 4,390
VAT 20,187 24,872
Other creditors 44,490 37,322
Accruals and deferred income 571 605
Director's loan account 23,449 42,333
160,208 209,777
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,167 24,167
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9. Deferred Taxation
The provision for deferred tax is made up of accelerated capital allowances
2023 2022
£ £
Other timing differences 8,964 13,506
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £1,134 (2022: £1,254) were due to the fund. They are included in Other Creditors.
12. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid - 15,000
13. Related Party Transactions
At the year end the company was owed £135,468 (2022: £124,371) from a company under common control.
This loan is unsecured, interest free and repayable on demand.
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