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 07662273 Mr Adrian Price Mrs Julie Price Mr William Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07662273 2023-06-30 07662273 2024-06-30 07662273 2023-07-01 2024-06-30 07662273 frs-core:CurrentFinancialInstruments 2024-06-30 07662273 frs-core:Non-currentFinancialInstruments 2024-06-30 07662273 frs-core:ComputerEquipment 2024-06-30 07662273 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07662273 frs-core:ComputerEquipment 2023-06-30 07662273 frs-core:FurnitureFittings 2024-06-30 07662273 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07662273 frs-core:FurnitureFittings 2023-06-30 07662273 frs-core:NetGoodwill 2024-06-30 07662273 frs-core:NetGoodwill 2023-07-01 2024-06-30 07662273 frs-core:NetGoodwill 2023-06-30 07662273 frs-core:MotorVehicles 2024-06-30 07662273 frs-core:MotorVehicles 2023-07-01 2024-06-30 07662273 frs-core:MotorVehicles 2023-06-30 07662273 frs-core:PlantMachinery 2024-06-30 07662273 frs-core:PlantMachinery 2023-07-01 2024-06-30 07662273 frs-core:PlantMachinery 2023-06-30 07662273 frs-core:ShareCapital 2024-06-30 07662273 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07662273 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07662273 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07662273 frs-bus:SmallEntities 2023-07-01 2024-06-30 07662273 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07662273 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07662273 frs-bus:Director1 2023-07-01 2024-06-30 07662273 frs-bus:Director2 2023-07-01 2024-06-30 07662273 frs-bus:Director3 2023-07-01 2024-06-30 07662273 frs-countries:EnglandWales 2023-07-01 2024-06-30 07662273 2022-06-30 07662273 2023-06-30 07662273 2022-07-01 2023-06-30 07662273 frs-core:CurrentFinancialInstruments 2023-06-30 07662273 frs-core:Non-currentFinancialInstruments 2023-06-30 07662273 frs-core:ShareCapital 2023-06-30 07662273 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07662273
WP and A&JP Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Phillips Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07662273
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 200,000 200,000
Tangible Assets 5 9,289 10,617
209,289 210,617
CURRENT ASSETS
Stocks 6 2,750 1,650
Debtors 7 4,048 3,602
Cash at bank and in hand 53,191 40,247
59,989 45,499
Creditors: Amounts Falling Due Within One Year 8 (162,433 ) (159,910 )
NET CURRENT ASSETS (LIABILITIES) (102,444 ) (114,411 )
TOTAL ASSETS LESS CURRENT LIABILITIES 106,845 96,206
Creditors: Amounts Falling Due After More Than One Year 9 (30,033 ) (35,098 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,322 ) (2,017 )
NET ASSETS 74,490 59,091
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 74,390 58,991
SHAREHOLDERS' FUNDS 74,490 59,091
Page 1
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
Mr Adrian Price
Director
02/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
WP and A&JP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07662273 . The registered office is The Shakespeare Inn High Street, Coalport, Telford, Shropshire, TF8 7HT.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Contrary to FRS102, Goodwill has not been amortised as the Directors believe that the value of Goodwill is not less than the figure stated in the accounts.
2.4. 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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing Balance
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2.5. 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.
2.6. 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.
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: 13 (2023: 13)
13 13
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4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 200,000
As at 30 June 2024 200,000
Net Book Value
As at 30 June 2024 200,000
As at 1 July 2023 200,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 6,496 1,500 25,507 351 33,854
Additions - - 697 1,071 1,768
As at 30 June 2024 6,496 1,500 26,204 1,422 35,622
Depreciation
As at 1 July 2023 3,280 1,452 18,174 331 23,237
Provided during the period 804 12 2,007 273 3,096
As at 30 June 2024 4,084 1,464 20,181 604 26,333
Net Book Value
As at 30 June 2024 2,412 36 6,023 818 9,289
As at 1 July 2023 3,216 48 7,333 20 10,617
6. Stocks
2024 2023
£ £
Stock 2,750 1,650
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,064 613
Prepayments and accrued income 2,984 2,989
4,048 3,602
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,385 11,263
Bank loans and overdrafts 5,226 5,388
Corporation tax 11,626 2,547
Other taxes and social security 23,055 22,054
Other creditors 2,702 3,549
Accruals and deferred income 3,802 4,162
Directors' loan accounts 99,637 100,947
Amounts owed to associates 10,000 10,000
162,433 159,910
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,033 35,098
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 20,000 -
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