Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11787448 Mr D J Whitmore Ms S M Whitmore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11787448 2023-01-31 11787448 2024-01-31 11787448 2023-02-01 2024-01-31 11787448 frs-core:CurrentFinancialInstruments 2024-01-31 11787448 frs-core:MotorVehicles 2024-01-31 11787448 frs-core:MotorVehicles 2023-02-01 2024-01-31 11787448 frs-core:MotorVehicles 2023-01-31 11787448 frs-core:PlantMachinery 2024-01-31 11787448 frs-core:PlantMachinery 2023-02-01 2024-01-31 11787448 frs-core:PlantMachinery 2023-01-31 11787448 frs-core:ShareCapital 2024-01-31 11787448 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11787448 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11787448 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11787448 frs-bus:SmallEntities 2023-02-01 2024-01-31 11787448 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11787448 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11787448 frs-bus:Director1 2023-02-01 2024-01-31 11787448 frs-bus:Director2 2023-02-01 2024-01-31 11787448 frs-core:CurrentFinancialInstruments 1 2024-01-31 11787448 frs-countries:EnglandWales 2023-02-01 2024-01-31 11787448 2022-01-31 11787448 2023-01-31 11787448 2022-02-01 2023-01-31 11787448 frs-core:CurrentFinancialInstruments 2023-01-31 11787448 frs-core:ShareCapital 2023-01-31 11787448 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 11787448 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 11787448
Whitmore Eventing Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Goldwyns London LLP
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Whitmore Eventing Ltd For The Year Ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Whitmore Eventing Ltd for the year ended 31 January 2024 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 to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Whitmore Eventing Ltd , as a body, in accordance with the terms of our engagement letter signed For The Year Ended 31 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Whitmore Eventing Ltd and state those matters that we have agreed to state to the directors of Whitmore Eventing Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitmore Eventing Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Whitmore Eventing Ltd 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 Whitmore Eventing Ltd . You consider that Whitmore Eventing Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Whitmore Eventing Ltd . 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
30/10/2024
Goldwyns London LLP
No.1 Royal Exchange
London
EC3V 3DG
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Page 2
Balance Sheet
Registered number: 11787448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,391 39,838
32,391 39,838
CURRENT ASSETS
Debtors 5 853 82,258
Cash at bank and in hand 28,487 3,830
29,340 86,088
Creditors: Amounts Falling Due Within One Year 6 (25,809 ) (26,143 )
NET CURRENT ASSETS (LIABILITIES) 3,531 59,945
TOTAL ASSETS LESS CURRENT LIABILITIES 35,922 99,783
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (6,154 ) -
NET ASSETS 29,768 99,783
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 29,766 99,781
SHAREHOLDERS' FUNDS 29,768 99,783
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For the year ending 31 January 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 D J Whitmore
Director
30/10/2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Whitmore Eventing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11787448 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation that the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 20% Straight line
Motor Vehicles 10% Straight line
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.6. 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.
2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.8. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.9. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 16,736 41,000 57,736
As at 31 January 2024 16,736 41,000 57,736
Depreciation
As at 1 February 2023 2,865 15,033 17,898
Provided during the period 3,347 4,100 7,447
As at 31 January 2024 6,212 19,133 25,345
Net Book Value
As at 31 January 2024 10,524 21,867 32,391
As at 1 February 2023 13,871 25,967 39,838
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 81,290
Prepayments and accrued income 379 -
VAT recoverable 474 968
853 82,258
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 255 424
Other taxes and social security 156 212
Pensions payable 98 98
Accruals and deferred income 2,800 2,909
Amounts owed to group undertakings 22,500 22,500
25,809 26,143
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 6,154 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
The nominal value per share is £1 and as at the year end there are 2 Ordinary shares in issue.
9. Pension Commitments
The company operates a defined contribution pension scheme for staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £98 were due to the fund. They are included in creditors and shown separately.
10. Related Party Transactions
The amount owed to Whitmore Productions Limited, a company related via common control and directorship, totalled £22,500 as at the year-end, which is a current liability, interest free and repayable on demand.
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