Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03993536 Mr P Hudson Mrs J Hudson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03993536 2023-06-30 03993536 2024-06-30 03993536 2023-07-01 2024-06-30 03993536 frs-core:CurrentFinancialInstruments 2024-06-30 03993536 frs-core:ComputerEquipment 2024-06-30 03993536 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03993536 frs-core:ComputerEquipment 2023-06-30 03993536 frs-core:FurnitureFittings 2024-06-30 03993536 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03993536 frs-core:FurnitureFittings 2023-06-30 03993536 frs-core:MotorVehicles 2024-06-30 03993536 frs-core:MotorVehicles 2023-07-01 2024-06-30 03993536 frs-core:MotorVehicles 2023-06-30 03993536 frs-core:ShareCapital 2024-06-30 03993536 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03993536 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03993536 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03993536 frs-bus:SmallEntities 2023-07-01 2024-06-30 03993536 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03993536 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03993536 frs-core:CostValuation 2023-06-30 03993536 frs-core:CostValuation 2024-06-30 03993536 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 03993536 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 03993536 frs-bus:Director1 2023-07-01 2024-06-30 03993536 frs-bus:Director2 2023-07-01 2024-06-30 03993536 frs-countries:EnglandWales 2023-07-01 2024-06-30 03993536 2022-06-30 03993536 2023-06-30 03993536 2022-07-01 2023-06-30 03993536 frs-core:CurrentFinancialInstruments 2023-06-30 03993536 frs-core:ShareCapital 2023-06-30 03993536 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03993536
Write On (Office Supplies) Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03993536
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,075 38,641
Investments 5 4,000 4,000
33,075 42,641
CURRENT ASSETS
Stocks 6 4,016 5,640
Debtors 7 315,061 88,717
Cash at bank and in hand 326,533 633,856
645,610 728,213
Creditors: Amounts Falling Due Within One Year 8 (83,230 ) (96,915 )
NET CURRENT ASSETS (LIABILITIES) 562,380 631,298
TOTAL ASSETS LESS CURRENT LIABILITIES 595,455 673,939
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,524 ) (9,643 )
NET ASSETS 589,931 664,296
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 589,830 664,195
SHAREHOLDERS' FUNDS 589,931 664,296
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Page 2
For the year ending 30 June 2024 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
Mrs J Hudson
Director
23 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Write On (Office Supplies) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03993536 . The registered office is Trent House, Private Road No. 7, Colwick Industrial Estate, Nottingham, NG4 2JW.
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:
Motor Vehicles 3 years straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 3 years 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. 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
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 81,616 11,297 15,291 108,204
Additions - - 416 416
Disposals (13,931 ) (2,500 ) (13,587 ) (30,018 )
As at 30 June 2024 67,685 8,797 2,120 78,602
Depreciation
As at 1 July 2023 43,705 10,761 15,097 69,563
Provided during the period 9,443 93 236 9,772
Disposals (13,791 ) (2,430 ) (13,587 ) (29,808 )
As at 30 June 2024 39,357 8,424 1,746 49,527
Net Book Value
As at 30 June 2024 28,328 373 374 29,075
As at 1 July 2023 37,911 536 194 38,641
5. Investments
Associates
£
Cost
As at 1 July 2023 4,000
As at 30 June 2024 4,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 4,000
As at 1 July 2023 4,000
The company also has an investment in the form of a fund manager scheme of £139,838 (2023: £327,854). Distribution earnings from the fund manager scheme of £11,985 (2023: £10,687), were automatically reinvested into the scheme throughout the year. The market value of the fund manager scheme at the balance sheet date was £214,543 (2023: £372,521).
6. Stocks
2024 2023
£ £
Stock 4,016 5,640
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 72,774 83,250
Prepayments and accrued income 7,287 5,467
Hudco inter company loan 235,000 -
315,061 88,717
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 73,239 88,041
Corporation tax 238 832
PAYE and NIC 533 414
VAT 8,871 7,421
Accruals and deferred income 349 207
83,230 96,915
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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