Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04848664 Mrs Olivia Jackson Mr Carl Jackson false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04848664 2022-12-31 04848664 2023-12-31 04848664 2023-01-01 2023-12-31 04848664 frs-core:ComputerEquipment 2023-12-31 04848664 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04848664 frs-core:ComputerEquipment 2022-12-31 04848664 frs-core:FurnitureFittings 2023-12-31 04848664 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04848664 frs-core:FurnitureFittings 2022-12-31 04848664 frs-core:MotorVehicles 2023-12-31 04848664 frs-core:MotorVehicles 2023-01-01 2023-12-31 04848664 frs-core:MotorVehicles 2022-12-31 04848664 frs-core:PlantMachinery 2023-12-31 04848664 frs-core:PlantMachinery 2023-01-01 2023-12-31 04848664 frs-core:PlantMachinery 2022-12-31 04848664 frs-core:ShareCapital 2023-12-31 04848664 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04848664 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04848664 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04848664 frs-bus:SmallEntities 2023-01-01 2023-12-31 04848664 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04848664 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04848664 1 2023-01-01 2023-12-31 04848664 frs-bus:Director1 2023-01-01 2023-12-31 04848664 frs-bus:Director2 2023-01-01 2023-12-31 04848664 frs-countries:NorthernIreland 2023-01-01 2023-12-31 04848664 2021-12-31 04848664 2022-12-31 04848664 2022-01-01 2022-12-31 04848664 frs-core:CurrentFinancialInstruments 2022-12-31 04848664 frs-core:ShareCapital 2022-12-31 04848664 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04848664
Canwell Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Courtview Accounting Ltd
483 Green Lanes
London
N13 4BS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04848664
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,630 4,380
3,630 4,380
CURRENT ASSETS
Stocks 5 540 414
Debtors 6 - 1,056
Cash at bank and in hand 19,322 10,124
19,862 11,594
Creditors: Amounts Falling Due Within One Year (26,989 ) (15,874 )
NET CURRENT ASSETS (LIABILITIES) (7,127 ) (4,280 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,497 ) 100
NET (LIABILITIES)/ASSETS (3,497 ) 100
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (3,597 ) -
SHAREHOLDERS' FUNDS (3,497) 100
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 Carl Jackson
Director
26/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Canwell Engineering Ltd Registered number 04848664 is a limited by shares company incorporated in Northern Ireland. The Registered Office is Llanfihangel Garage, Llanfihangel, Llanfyllin, Wales, SY22 5JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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. 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.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 16,351 28,734 6,478 922 52,485
Additions 460 - - - 460
As at 31 December 2023 16,811 28,734 6,478 922 52,945
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 15,336 26,034 6,367 368 48,105
Provided during the period 369 675 28 138 1,210
As at 31 December 2023 15,705 26,709 6,395 506 49,315
Net Book Value
As at 31 December 2023 1,106 2,025 83 416 3,630
As at 1 January 2023 1,015 2,700 111 554 4,380
5. Stocks
2023 2022
£ £
Finished goods 540 414
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 1,056
- 1,056
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Carl Jackson - 9,318
9. Controlling Party
The company's controlling party is Mr Carl Jackson and Mrs O Jackson by virtue of their ownership of 100% of the issued share capital in the company.
Page 4