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 03611376 Mr Robert Lacy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03611376 2023-03-31 03611376 2024-03-31 03611376 2023-04-01 2024-03-31 03611376 frs-core:CurrentFinancialInstruments 2024-03-31 03611376 frs-core:Non-currentFinancialInstruments 2024-03-31 03611376 frs-core:ComputerEquipment 2024-03-31 03611376 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03611376 frs-core:ComputerEquipment 2023-03-31 03611376 frs-core:ShareCapital 2024-03-31 03611376 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03611376 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03611376 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03611376 frs-bus:SmallEntities 2023-04-01 2024-03-31 03611376 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03611376 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03611376 frs-bus:Director1 2023-04-01 2024-03-31 03611376 frs-bus:Director1 2023-03-31 03611376 frs-bus:Director1 2024-03-31 03611376 frs-countries:EnglandWales 2023-04-01 2024-03-31 03611376 2022-03-31 03611376 2023-03-31 03611376 2022-04-01 2023-03-31 03611376 frs-core:CurrentFinancialInstruments 2023-03-31 03611376 frs-core:Non-currentFinancialInstruments 2023-03-31 03611376 frs-core:ShareCapital 2023-03-31 03611376 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03611376
Heritage Willsafe 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: 03611376
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 234 235
234 235
CURRENT ASSETS
Debtors 5 29,269 19,907
Cash at bank and in hand 10,227 17,770
39,496 37,677
Creditors: Amounts Falling Due Within One Year 6 (30,365 ) (23,572 )
NET CURRENT ASSETS (LIABILITIES) 9,131 14,105
TOTAL ASSETS LESS CURRENT LIABILITIES 9,365 14,340
Creditors: Amounts Falling Due After More Than One Year 7 (8,910 ) (14,257 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (45 ) (47 )
NET ASSETS 410 36
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 408 34
SHAREHOLDERS' FUNDS 410 36
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Robert Lacy
Director
15/10/2024
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
Heritage Willsafe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03611376 . The registered office is 2 Daffodil Road, Walsall, West Midlands, WS5 3DQ.
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:
Computer Equipment 25% reducing balance/33.3% straight line
2.4. 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.
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.
2.5. 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.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 1,217
Additions 158
As at 31 March 2024 1,375
Depreciation
As at 1 April 2023 982
Provided during the period 159
As at 31 March 2024 1,141
Net Book Value
As at 31 March 2024 234
As at 1 April 2023 235
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 29,269 19,907
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 991 2,437
Bank loans and overdrafts 5,346 5,346
Other taxes and social security 24,028 15,789
30,365 23,572
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,910 14,257
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 45 47
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. 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 Robert Lacy 19,523 29,146 19,523 - 29,146
The above loan is unsecured and repayable on demand.
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