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 03038194 Mr M Pacey Mr M Moranne Mr L Masters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03038194 2022-12-31 03038194 2023-12-31 03038194 2023-01-01 2023-12-31 03038194 frs-core:CurrentFinancialInstruments 2023-12-31 03038194 frs-core:Non-currentFinancialInstruments 2023-12-31 03038194 frs-core:BetweenOneFiveYears 2023-12-31 03038194 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03038194 frs-core:NetGoodwill 2023-12-31 03038194 frs-core:NetGoodwill 2022-12-31 03038194 frs-core:LandBuildings 2023-12-31 03038194 frs-core:LandBuildings 2023-01-01 2023-12-31 03038194 frs-core:LandBuildings 2022-12-31 03038194 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03038194 frs-core:MotorVehicles 2023-01-01 2023-12-31 03038194 frs-core:PlantMachinery 2023-12-31 03038194 frs-core:PlantMachinery 2023-01-01 2023-12-31 03038194 frs-core:PlantMachinery 2022-12-31 03038194 frs-core:WithinOneYear 2023-12-31 03038194 frs-core:ShareCapital 2023-12-31 03038194 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03038194 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03038194 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03038194 frs-bus:SmallEntities 2023-01-01 2023-12-31 03038194 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03038194 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03038194 frs-bus:Director1 2023-01-01 2023-12-31 03038194 frs-bus:Director2 2023-01-01 2023-12-31 03038194 frs-bus:Director3 2023-01-01 2023-12-31 03038194 frs-countries:EnglandWales 2023-01-01 2023-12-31 03038194 2021-12-31 03038194 2022-12-31 03038194 2022-01-01 2022-12-31 03038194 frs-core:CurrentFinancialInstruments 2022-12-31 03038194 frs-core:Non-currentFinancialInstruments 2022-12-31 03038194 frs-core:BetweenOneFiveYears 2022-12-31 03038194 frs-core:WithinOneYear 2022-12-31 03038194 frs-core:ShareCapital 2022-12-31 03038194 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03038194
Wimborneheath Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03038194
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 264,165 228,188
264,165 228,188
CURRENT ASSETS
Stocks 5 94,901 88,409
Debtors 6 230,773 191,826
Cash at bank and in hand 351,204 302,150
676,878 582,385
Creditors: Amounts Falling Due Within One Year 7 (498,065 ) (410,536 )
NET CURRENT ASSETS (LIABILITIES) 178,813 171,849
TOTAL ASSETS LESS CURRENT LIABILITIES 442,978 400,037
Creditors: Amounts Falling Due After More Than One Year 8 (84,959 ) (61,840 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,919 ) (19,742 )
NET ASSETS 328,100 318,455
CAPITAL AND RESERVES
Called up share capital 10 3,851 3,851
Profit and Loss Account 324,249 314,604
SHAREHOLDERS' FUNDS 328,100 318,455
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 M Pacey
Director
25th September 2024
The notes on pages 3 to 5 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:
Freehold 2% on cost
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6. 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
Page 3
Page 4
1.6. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8 (2022: 10)
8 10
3. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 151,948
As at 31 December 2023 151,948
Amortisation
As at 1 January 2023 151,948
As at 31 December 2023 151,948
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2023 202,230 259,105 461,335
Additions - 75,000 75,000
As at 31 December 2023 202,230 334,105 536,335
Depreciation
As at 1 January 2023 48,540 184,607 233,147
Provided during the period 2,427 36,596 39,023
As at 31 December 2023 50,967 221,203 272,170
Net Book Value
As at 31 December 2023 151,263 112,902 264,165
As at 1 January 2023 153,690 74,498 228,188
5. Stocks
2023 2022
£ £
Stock 94,901 88,409
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 216,072 177,100
Other debtors 14,701 14,726
230,773 191,826
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 28,410 16,090
Trade creditors 121,656 38,360
Bank loans and overdrafts 101,820 96,400
Other creditors 156,918 246,857
Taxation and social security 89,261 12,829
498,065 410,536
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 70,792 37,673
Bank loans 14,167 24,167
84,959 61,840
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 28,410 16,090
Between one and five years 70,792 37,673
99,202 53,763
99,202 53,763
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3,851 3,851
11. General Information
Wimborneheath Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03038194 . The registered office is 76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.
Page 5