Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06219679 Mrs Rebecca Smithson Mr Richard Smithson Charles Smithson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06219679 2023-03-31 06219679 2024-03-31 06219679 2023-04-01 2024-03-31 06219679 frs-core:CurrentFinancialInstruments 2024-03-31 06219679 frs-core:ComputerEquipment 2024-03-31 06219679 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06219679 frs-core:ComputerEquipment 2023-03-31 06219679 frs-core:FurnitureFittings 2024-03-31 06219679 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06219679 frs-core:FurnitureFittings 2023-03-31 06219679 frs-core:NetGoodwill 2024-03-31 06219679 frs-core:NetGoodwill 2023-04-01 2024-03-31 06219679 frs-core:NetGoodwill 2023-03-31 06219679 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 06219679 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06219679 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 06219679 frs-core:MotorVehicles 2024-03-31 06219679 frs-core:MotorVehicles 2023-04-01 2024-03-31 06219679 frs-core:MotorVehicles 2023-03-31 06219679 frs-core:PlantMachinery 2024-03-31 06219679 frs-core:PlantMachinery 2023-04-01 2024-03-31 06219679 frs-core:PlantMachinery 2023-03-31 06219679 frs-core:ShareCapital 2024-03-31 06219679 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06219679 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06219679 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06219679 frs-bus:SmallEntities 2023-04-01 2024-03-31 06219679 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06219679 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06219679 frs-core:ListedExchangeTraded 2024-03-31 06219679 frs-core:ListedExchangeTraded 2023-03-31 06219679 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 06219679 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-03-31 06219679 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 06219679 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 06219679 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 06219679 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 06219679 frs-bus:Director1 2023-04-01 2024-03-31 06219679 frs-bus:Director2 2023-04-01 2024-03-31 06219679 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06219679 frs-countries:EnglandWales 2023-04-01 2024-03-31 06219679 2022-03-31 06219679 2023-03-31 06219679 2022-04-01 2023-03-31 06219679 frs-core:CurrentFinancialInstruments 2023-03-31 06219679 frs-core:ShareCapital 2023-03-31 06219679 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06219679
Weegmann's Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06219679
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,271 50,527
Tangible Assets 5 153,826 98,541
Investments 6 2,025 7,101
182,122 156,169
CURRENT ASSETS
Stocks 7,150 8,500
Debtors 7 449,112 424,853
Cash at bank and in hand 150,240 132,446
606,502 565,799
Creditors: Amounts Falling Due Within One Year 8 (82,709 ) (96,341 )
NET CURRENT ASSETS (LIABILITIES) 523,793 469,458
TOTAL ASSETS LESS CURRENT LIABILITIES 705,915 625,627
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,682 ) (24,305 )
NET ASSETS 667,233 601,322
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 667,133 601,222
SHAREHOLDERS' FUNDS 667,233 601,322
Page 1
Page 2
For the year ending 31 March 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 Income Statement.
On behalf of the board
Mr Richard Smithson
Director
2 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Weegmann's Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06219679 . The registered office is The Octagon, Wells Road,Ilkley, England, LS21 3AX.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
2.4. 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. It is amortised to income statement over its estimated economic life of 20 years.
2.5. 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:
Leasehold 100% on costs
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 33% on costs
2.6. 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.
2.7. 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
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Page 4
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 19)
19 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 242,553
As at 31 March 2024 242,553
Amortisation
As at 1 April 2023 192,026
Provided during the period 24,256
As at 31 March 2024 216,282
Net Book Value
As at 31 March 2024 26,271
As at 1 April 2023 50,527
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 65,622 226,888 46,099 12,060
Additions - (1,568 ) - 75,818
As at 31 March 2024 65,622 225,320 46,099 87,878
Depreciation
As at 1 April 2023 65,622 159,951 22,179 6,438
Provided during the period - 10,041 5,980 4,000
Disposals - (1,467 ) - -
As at 31 March 2024 65,622 168,525 28,159 10,438
Net Book Value
As at 31 March 2024 - 56,795 17,940 77,440
As at 1 April 2023 - 66,937 23,920 5,622
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 April 2023 4,129 354,798
Additions 749 74,999
As at 31 March 2024 4,878 429,797
Depreciation
As at 1 April 2023 2,067 256,257
Provided during the period 1,160 21,181
Disposals - (1,467 )
As at 31 March 2024 3,227 275,971
Net Book Value
As at 31 March 2024 1,651 153,826
As at 1 April 2023 2,062 98,541
6. Investments
Listed
£
Cost
As at 1 April 2023 7,101
Disposals (5,846 )
Revaluations 770
As at 31 March 2024 2,025
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2,025
As at 1 April 2023 7,101
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 9,220
Amounts owed by group undertakings 350,117 338,117
Other debtors 81,149 59,670
431,266 407,007
Due after more than one year
Other debtors 17,846 17,846
449,112 424,853
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,905 38,844
Other creditors 1,740 19,799
Taxation and social security 40,064 37,698
82,709 96,341
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £54,329
Amounts advanced - £140,179
Amounts repaid - £(120,624)
At end of period - £73,885
The above loan is unsecured, interest free and repayable on demand.
Page 6