Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 May 2024 31 May 2024 09729492 Ms Kerry Ferguson Mr Emlyn Jones Ms KE Ferguson and Mr EW Jones true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09729492 2023-08-31 09729492 2024-05-31 09729492 2023-09-01 2024-05-31 09729492 frs-core:CurrentFinancialInstruments 2024-05-31 09729492 frs-core:ComputerEquipment 2024-05-31 09729492 frs-core:ComputerEquipment 2023-09-01 2024-05-31 09729492 frs-core:ComputerEquipment 2023-08-31 09729492 frs-core:FurnitureFittings 2024-05-31 09729492 frs-core:FurnitureFittings 2023-09-01 2024-05-31 09729492 frs-core:FurnitureFittings 2023-08-31 09729492 frs-core:MotorVehicles 2024-05-31 09729492 frs-core:MotorVehicles 2023-09-01 2024-05-31 09729492 frs-core:MotorVehicles 2023-08-31 09729492 frs-core:ShareCapital 2024-05-31 09729492 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09729492 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-05-31 09729492 frs-bus:FilletedAccounts 2023-09-01 2024-05-31 09729492 frs-bus:SmallEntities 2023-09-01 2024-05-31 09729492 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-05-31 09729492 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-05-31 09729492 frs-bus:OrdinaryShareClass1 2023-09-01 2024-05-31 09729492 frs-bus:OrdinaryShareClass1 2024-05-31 09729492 frs-bus:OrdinaryShareClass3 2023-09-01 2024-05-31 09729492 frs-bus:OrdinaryShareClass3 2024-05-31 09729492 1 2023-09-01 2024-05-31 09729492 frs-bus:Director1 2023-09-01 2024-05-31 09729492 frs-bus:Director2 2023-09-01 2024-05-31 09729492 frs-countries:EnglandWales 2023-09-01 2024-05-31 09729492 2022-08-31 09729492 2023-08-31 09729492 2022-09-01 2023-08-31 09729492 frs-core:CurrentFinancialInstruments 2023-08-31 09729492 frs-core:ShareCapital 2023-08-31 09729492 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09729492 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 09729492 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31
Registered number: 09729492
Gwe Cambrian Web Cyf
Financial Statements
For the Period 1 September 2023 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09729492
31 May 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,893 9,237
6,893 9,237
CURRENT ASSETS
Debtors 5 52,388 29,392
Cash at bank and in hand 22,273 31,412
74,661 60,804
Creditors: Amounts Falling Due Within One Year 6 (46,168 ) (48,984 )
NET CURRENT ASSETS (LIABILITIES) 28,493 11,820
TOTAL ASSETS LESS CURRENT LIABILITIES 35,386 21,057
NET ASSETS 35,386 21,057
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 35,286 20,957
SHAREHOLDERS' FUNDS 35,386 21,057
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For the period ending 31 May 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
Ms Kerry Ferguson
Director
Mr Emlyn Jones
Director
30 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gwe Cambrian Web Cyf is a private company, limited by shares, incorporated in England & Wales, registered number 09729492 . The registered office is 7A Great Darkgate Street, Aberystwyth, Ceredigion, SY23 1DE.
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 represents the invoiced value of services net of VAT supplied by the company.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.4. Taxation
Corporation 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.
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2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 9,516 12,100 7,060 28,676
As at 31 May 2024 9,516 12,100 7,060 28,676
Depreciation
As at 1 September 2023 8,563 8,014 2,862 19,439
Provided during the period - 1,022 1,322 2,344
As at 31 May 2024 8,563 9,036 4,184 21,783
Net Book Value
As at 31 May 2024 953 3,064 2,876 6,893
As at 1 September 2023 953 4,086 4,198 9,237
5. Debtors
31 May 2024 31 August 2023
£ £
Due within one year
Trade debtors 42,288 25,142
Prepayments and accrued income 5,850 -
Other debtors 4,250 4,250
52,388 29,392
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6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 August 2023
£ £
Trade creditors 2,460 2,753
Bank loans and overdrafts 8,303 10,954
Corporation tax 1,891 5,133
Other taxes and social security 279 2,524
VAT 7,895 5,503
Other creditors 724 219
Accruals and deferred income 10,526 18,364
Directors' loan accounts 14,090 3,534
46,168 48,984
7. Share Capital
31 May 2024 31 August 2023
Allotted, called up and fully paid £ £
50 Ordinary Shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100
8. Dividends
31 May 2024 31 August 2023
£ £
On equity shares:
Interim dividend paid 11,000 22,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Ms KE Ferguson and Mr EW Jones by virtue of their ownership of 50% each of the issued share capital in the company.
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