Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07199864 Mrs Sarah White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07199864 2023-02-28 07199864 2024-02-28 07199864 2023-03-01 2024-02-28 07199864 frs-core:CurrentFinancialInstruments 2024-02-28 07199864 frs-core:Non-currentFinancialInstruments 2024-02-28 07199864 frs-core:BetweenOneFiveYears 2024-02-28 07199864 frs-core:ComputerEquipment 2024-02-28 07199864 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07199864 frs-core:ComputerEquipment 2023-02-28 07199864 frs-core:FurnitureFittings 2024-02-28 07199864 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07199864 frs-core:FurnitureFittings 2023-02-28 07199864 frs-core:NetGoodwill 2024-02-28 07199864 frs-core:NetGoodwill 2023-03-01 2024-02-28 07199864 frs-core:NetGoodwill 2023-02-28 07199864 frs-core:MoreThanFiveYears 2024-02-28 07199864 frs-core:PlantMachinery 2024-02-28 07199864 frs-core:PlantMachinery 2023-03-01 2024-02-28 07199864 frs-core:PlantMachinery 2023-02-28 07199864 frs-core:WithinOneYear 2024-02-28 07199864 frs-core:ShareCapital 2024-02-28 07199864 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07199864 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07199864 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07199864 frs-bus:SmallEntities 2023-03-01 2024-02-28 07199864 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07199864 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07199864 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-28 07199864 frs-bus:OrdinaryShareClass3 2024-02-28 07199864 frs-bus:OrdinaryShareClass4 2023-03-01 2024-02-28 07199864 frs-bus:OrdinaryShareClass4 2024-02-28 07199864 frs-core:DeferredTaxation 2023-03-01 2024-02-28 07199864 frs-core:DeferredTaxation 2023-02-28 07199864 frs-core:DeferredTaxation 2024-02-28 07199864 frs-bus:Director1 2023-03-01 2024-02-28 07199864 frs-bus:Director1 2023-02-28 07199864 frs-bus:Director1 2024-02-28 07199864 frs-bus:Director2 2023-03-01 2024-02-28 07199864 frs-bus:Director2 2023-02-28 07199864 frs-bus:Director2 2024-02-28 07199864 frs-countries:EnglandWales 2023-03-01 2024-02-28 07199864 2022-02-28 07199864 2023-02-28 07199864 2022-03-01 2023-02-28 07199864 frs-core:CurrentFinancialInstruments 2023-02-28 07199864 frs-core:Non-currentFinancialInstruments 2023-02-28 07199864 frs-core:BetweenOneFiveYears 2023-02-28 07199864 frs-core:MoreThanFiveYears 2023-02-28 07199864 frs-core:WithinOneYear 2023-02-28 07199864 frs-core:ShareCapital 2023-02-28 07199864 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07199864 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-28 07199864 frs-bus:OrdinaryShareClass4 2022-03-01 2023-02-28
Registered number: 07199864
Willow Bank Residential Home Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Willow Bank Residential Home Limited for the year ended 28 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Willow Bank Residential Home Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Willow Bank Residential Home Limited , as a body, in accordance with the terms of our engagement letter dated 7 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Willow Bank Residential Home Limited and state those matters that we have agreed to state to the directors of Willow Bank Residential Home Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Willow Bank Residential Home Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Willow Bank Residential Home Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Willow Bank Residential Home Limited . You consider that Willow Bank Residential Home Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Willow Bank Residential Home Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
27th October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 07199864
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 35,461 20,554
35,461 20,554
CURRENT ASSETS
Debtors 6 383,625 123,608
Cash at bank and in hand 16,958 244,907
400,583 368,515
Creditors: Amounts Falling Due Within One Year 7 (176,611 ) (143,522 )
NET CURRENT ASSETS (LIABILITIES) 223,972 224,993
TOTAL ASSETS LESS CURRENT LIABILITIES 259,433 245,547
Creditors: Amounts Falling Due After More Than One Year 8 (170,759 ) (212,064 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (8,865 ) (5,138 )
NET ASSETS 79,809 28,345
CAPITAL AND RESERVES
Called up share capital 11 4 4
Profit and Loss Account 79,805 28,341
SHAREHOLDERS' FUNDS 79,809 28,345
Page 2
Page 3
For the year ending 28 February 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
Mrs Sarah White
Director
27th October 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Willow Bank Residential Home Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07199864 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.

The principal place of business is Willow Bank, Albert Street, Hadfield, Glossop SK13 1DG.
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. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
Intangible fixed assets are amortised over 10 years and carried forward at nil.
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 Method
Fixtures & Fittings 20% Reducing Balance Method
Computer Equipment 33% Straight Line Method
2.5. 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.
Page 4
Page 5
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 29)
30 29
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 124,998
As at 28 February 2024 124,998
Amortisation
As at 1 March 2023 124,998
As at 28 February 2024 124,998
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 1,500 57,769 1,760 61,029
Additions 939 15,214 4,794 20,947
Disposals - (2,815 ) - (2,815 )
As at 28 February 2024 2,439 70,168 6,554 79,161
Depreciation
As at 1 March 2023 1,025 39,229 221 40,475
Provided during the period 193 4,557 596 5,346
Disposals - (2,121 ) - (2,121 )
As at 28 February 2024 1,218 41,665 817 43,700
Net Book Value
As at 28 February 2024 1,221 28,503 5,737 35,461
As at 1 March 2023 475 18,540 1,539 20,554
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,486 18,726
Amounts owed by group undertakings 273,322 -
Amounts owed by participating interests - 52,459
Other debtors 83,817 52,423
383,625 123,608
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,509 3,109
Bank loans and overdrafts 10,648 10,648
Funding circle loans 29,009 23,133
Other creditors 73,099 74,866
Taxation and social security 45,346 31,766
176,611 143,522
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,467 23,379
Funding circle loan 157,292 188,685
170,759 212,064
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 8,865 5,138
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2023 5,138 5,138
Additions 3,727 3,727
Balance at 28 February 2024 8,865 8,865
Page 6
Page 7
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary B shares of £ 1 each 2 2
2 Ordinary C shares of £ 1 each 2 2
4 4
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 59,588 2,574
Later than one year and not later than five years 214,315 10,296
Later than five years 32,644 10,940
306,547 23,810
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mrs Sarah White 34,780 41,568 (34,780 ) - 41,568
Mr Paul Gregory 9,841 - (9,841 ) - -
The above loan is unsecured and repayable on demand.
14. Security
There is a fixed and floating charge registered at Companies House over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.
Page 7