Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09074387 Mr Gary White Mr Paul Waite iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09074387 2022-10-31 09074387 2023-10-31 09074387 2022-11-01 2023-10-31 09074387 frs-core:CurrentFinancialInstruments 2023-10-31 09074387 frs-core:Non-currentFinancialInstruments 2023-10-31 09074387 frs-core:ComputerEquipment 2023-10-31 09074387 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09074387 frs-core:ComputerEquipment 2022-10-31 09074387 frs-core:ShareCapital 2023-10-31 09074387 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09074387 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09074387 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09074387 frs-bus:SmallEntities 2022-11-01 2023-10-31 09074387 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09074387 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09074387 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09074387 frs-bus:OrdinaryShareClass1 2023-10-31 09074387 frs-bus:Director1 2022-11-01 2023-10-31 09074387 frs-bus:Director2 2022-11-01 2023-10-31 09074387 frs-core:CurrentFinancialInstruments 1 2023-10-31 09074387 frs-core:CurrentFinancialInstruments 2 2023-10-31 09074387 frs-countries:EnglandWales 2022-11-01 2023-10-31 09074387 2021-10-31 09074387 2022-10-31 09074387 2021-11-01 2022-10-31 09074387 frs-core:CurrentFinancialInstruments 2022-10-31 09074387 frs-core:Non-currentFinancialInstruments 2022-10-31 09074387 frs-core:ShareCapital 2022-10-31 09074387 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09074387 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31 09074387 frs-core:CurrentFinancialInstruments 1 2022-10-31 09074387 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 09074387
Aspen Waite White Limited
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09074387
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,473 1,919
1,473 1,919
CURRENT ASSETS
Stocks 5 - 10,600
Debtors 6 422,424 539,531
422,424 550,131
Creditors: Amounts Falling Due Within One Year 7 (173,168 ) (192,378 )
NET CURRENT ASSETS (LIABILITIES) 249,256 357,753
TOTAL ASSETS LESS CURRENT LIABILITIES 250,729 359,672
Creditors: Amounts Falling Due After More Than One Year 8 (258,872 ) (316,063 )
NET (LIABILITIES)/ASSETS (8,143 ) 43,609
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (8,243 ) 43,509
SHAREHOLDERS' FUNDS (8,143) 43,609
Page 1
Page 2
For the year ending 31 October 2023 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 Gary White
Director
29/02/2024
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
Aspen Waite White Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09074387 . The registered office is Cherry Hall, Blacksmiths Lane, Witham, Essex, CM8 3NR.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 20% reducing balance basis
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 6)
3 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 5,057
Additions 45
As at 31 October 2023 5,102
Depreciation
As at 1 November 2022 3,138
Provided during the period 491
As at 31 October 2023 3,629
Net Book Value
As at 31 October 2023 1,473
As at 1 November 2022 1,919
5. Stocks
2023 2022
£ £
Work in progress - 10,600
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 47,164 144,677
Other debtors 62,065 65,768
Inter-company debtors 313,195 329,086
422,424 539,531
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,744 31,338
Bank loans and overdrafts 80,622 56,273
Corporation tax 4,623 15,696
Other taxes and social security 6,382 9,628
VAT 44,260 48,571
Other creditors 24,537 24,934
Accruals and deferred income - 5,938
173,168 192,378
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 163,140 211,884
Other creditors 15,500 15,500
Directors loan account 80,232 88,679
258,872 316,063
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
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