Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 September 2021 false 1 January 2023 31 December 2023 31 December 2023 10206527 Mr Nathan Winch Nathan Winch 46 Park Place, Leeds, England, LS1 2RY true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10206527 2022-12-31 10206527 2023-12-31 10206527 2023-01-01 2023-12-31 10206527 frs-core:CurrentFinancialInstruments 2023-12-31 10206527 frs-core:Non-currentFinancialInstruments 2023-12-31 10206527 frs-core:FurnitureFittings 2023-12-31 10206527 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10206527 frs-core:FurnitureFittings 2022-12-31 10206527 frs-core:ShareCapital 2023-12-31 10206527 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10206527 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10206527 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10206527 frs-bus:SmallEntities 2023-01-01 2023-12-31 10206527 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10206527 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10206527 1 2023-01-01 2023-12-31 10206527 frs-bus:Director1 2023-01-01 2023-12-31 10206527 frs-countries:EnglandWales 2023-01-01 2023-12-31 10206527 2021-08-31 10206527 2022-12-31 10206527 2021-09-01 2022-12-31 10206527 frs-core:CurrentFinancialInstruments 2022-12-31 10206527 frs-core:Non-currentFinancialInstruments 2022-12-31 10206527 frs-core:ShareCapital 2022-12-31 10206527 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10206527
Winch & Co Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Elementary Accountancy Services Limited
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Winch & Co Associates Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Winch & Co Associates Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Winch & Co Associates Ltd , as a body, in accordance with the terms of our engagement letter dated 26 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Winch & Co Associates Ltd and state those matters that we have agreed to state to the director of Winch & Co Associates Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Winch & Co Associates Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Winch & Co Associates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Winch & Co Associates Ltd . You consider that Winch & Co Associates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Winch & Co Associates Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23/09/2024
Elementary Accountancy Services Limited
36 Dearne Hall Lane
Barnsley
S751FX
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Balance Sheet
Registered number: 10206527
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,221 5,329
1,221 5,329
CURRENT ASSETS
Debtors 5 343,672 101,589
Cash at bank and in hand 89 4,809
343,761 106,398
Creditors: Amounts Falling Due Within One Year 6 (320,906 ) (170,285 )
NET CURRENT ASSETS (LIABILITIES) 22,855 (63,887 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,076 (58,558 )
Creditors: Amounts Falling Due After More Than One Year 7 (11,289 ) (13,970 )
NET ASSETS/(LIABILITIES) 12,787 (72,528 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 12,786 (72,529 )
SHAREHOLDERS' FUNDS 12,787 (72,528)
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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 Profit and Loss Account.
On behalf of the board
Mr Nathan Winch
Director
23/09/2023
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Winch & Co Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10206527 . The registered office is 46 Park Place, Leeds, LS1 2RY.
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. Turnover is recognised in line with services delivered. 
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 25%-33% straight line
2.4. 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.
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: 4 (2022: 3)
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 22,065
Additions 1,359
As at 31 December 2023 23,424
Depreciation
As at 1 January 2023 16,736
Provided during the period 5,467
As at 31 December 2023 22,203
Net Book Value
As at 31 December 2023 1,221
As at 1 January 2023 5,329
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 6,974 3,204
Prepayments and accrued income 187,192 39,303
Other debtors 3,626 3,492
Amounts owed by group undertakings 145,880 55,590
343,672 101,589
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 16,681 25,599
Bank loans and overdrafts 5,176 5,539
Other taxes and social security 7,215 3,515
VAT 36,994 7,264
Other creditors 284 508
Accruals and deferred income 63,540 3,647
Amounts owed to group undertakings 77,009 5,385
Amounts owed to parent undertaking 114,007 118,828
320,906 170,285
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7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 11,289 13,970
11,289 13,970
8. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Other Creditors 59,395 -
9. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
An amount of £114,007 (2022: £118,828) was owed to an entity which controls this entity. 
An amount of £77,009 (2022: £5,385) was owed to entities which are under the same control as this entity. 
An amount of £145,880 (2021: £8,418) was owed by entities which are under the same control as this entity. 
Sales includes sales to entites under the same control as this entity of £523,384 (2022: £243,325).
Management fees payable includes £11,938 (2022: £8,500) from an entity under the same control as this entity.
An entity under the same control as this entity holds a floating charge over the assets of this entity by way of a debenture. The amount outstanding under this debenture at 31 December 2023 was £59,395 (2022: £nil). 
11. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Winch & Co Capital Ltd . Winch & Co Capital Ltd was incorporated in England.The registered office of Winch & Co Capital Ltd is 46 Park Place, Leeds, England, LS1 2RY
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