Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08529978 Mr Bradley Whittock Mrs Sarah Whittock Mr James Comer Mrs Sarah Whittock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08529978 2023-03-31 08529978 2024-03-31 08529978 2023-04-01 2024-03-31 08529978 frs-core:CurrentFinancialInstruments 2024-03-31 08529978 frs-core:Non-currentFinancialInstruments 2024-03-31 08529978 frs-core:FurnitureFittings 2024-03-31 08529978 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08529978 frs-core:FurnitureFittings 2023-03-31 08529978 frs-core:NetGoodwill 2024-03-31 08529978 frs-core:NetGoodwill 2023-04-01 2024-03-31 08529978 frs-core:NetGoodwill 2023-03-31 08529978 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08529978 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08529978 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 08529978 frs-core:PlantMachinery 2024-03-31 08529978 frs-core:PlantMachinery 2023-04-01 2024-03-31 08529978 frs-core:PlantMachinery 2023-03-31 08529978 frs-core:ShareCapital 2024-03-31 08529978 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08529978 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08529978 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08529978 frs-bus:SmallEntities 2023-04-01 2024-03-31 08529978 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08529978 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08529978 frs-bus:Director1 2023-04-01 2024-03-31 08529978 frs-bus:Director1 2023-03-31 08529978 frs-bus:Director1 2024-03-31 08529978 frs-bus:Director2 2023-04-01 2024-03-31 08529978 frs-bus:Director2 2023-03-31 08529978 frs-bus:Director2 2024-03-31 08529978 frs-bus:Director3 2023-04-01 2024-03-31 08529978 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 08529978 frs-core:Non-currentFinancialInstruments 1 2024-03-31 08529978 frs-countries:EnglandWales 2023-04-01 2024-03-31 08529978 2022-03-31 08529978 2023-03-31 08529978 2022-04-01 2023-03-31 08529978 frs-core:CurrentFinancialInstruments 2023-03-31 08529978 frs-core:Non-currentFinancialInstruments 2023-03-31 08529978 frs-core:ShareCapital 2023-03-31 08529978 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08529978 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 08529978
Whittock Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08529978
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 54,015 73,461
Tangible Assets 5 5,237 5,733
59,252 79,194
CURRENT ASSETS
Stocks 6 14,250 16,250
Debtors 7 90,131 105,398
Cash at bank and in hand 21,498 37,285
125,879 158,933
Creditors: Amounts Falling Due Within One Year 8 (113,156 ) (138,723 )
NET CURRENT ASSETS (LIABILITIES) 12,723 20,210
TOTAL ASSETS LESS CURRENT LIABILITIES 71,975 99,404
Creditors: Amounts Falling Due After More Than One Year 9 (31,342 ) (47,961 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,304 ) (1,089 )
NET ASSETS 39,329 50,354
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 39,129 50,154
SHAREHOLDERS' FUNDS 39,329 50,354
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 Profit and Loss Account.
On behalf of the board
Mr Bradley Whittock
Director
21/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Whittock Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08529978 . The registered office is Unit 4 Corum 2 Corum Office Park Crown Way, Warmley, Bristol, BS30 8FJ.
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. It is amortised to profit and loss account over its estimated economic life of 5 years.
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:
Leasehold 20% on cost
Plant & Machinery 33% on cost
Fixtures & Fittings 33% on cost
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 year 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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2.6. 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 asset reflects 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.
2.7. 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 year was: 9 (2023: 9)
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 97,230
As at 31 March 2024 97,230
Amortisation
As at 1 April 2023 23,769
Provided during the period 19,446
As at 31 March 2024 43,215
Net Book Value
As at 31 March 2024 54,015
As at 1 April 2023 73,461
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 10,742 12,846 17,298 40,886
Additions 998 936 2,790 4,724
As at 31 March 2024 11,740 13,782 20,088 45,610
Depreciation
As at 1 April 2023 7,758 10,578 16,817 35,153
Provided during the period 2,348 1,712 1,160 5,220
As at 31 March 2024 10,106 12,290 17,977 40,373
Net Book Value
As at 31 March 2024 1,634 1,492 2,111 5,237
As at 1 April 2023 2,984 2,268 481 5,733
Page 4
Page 5
6. Stocks
2024 2023
£ £
Work in progress 14,250 16,250
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,450 72,324
Prepayments and accrued income 12,681 16,821
Net wages - 1
Directors' loan accounts - 16,252
90,131 105,398
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,573 14,870
Corporation tax 26,388 29,647
Other taxes and social security 6,551 3,832
VAT 31,288 36,883
Net wages 45 -
Other creditors 23,448 52,687
Accruals and deferred income 3,863 804
113,156 138,723
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors' 31,342 47,961
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Bradley Whittock 13,045 - 13,045 - -
Mrs Sarah Whittock 3,207 - 3,207 - -
Interest has been charged on the loan balance at the HMRC official rate of interest.
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