Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07905046 Mrs Melanie Wooding Jones Mr Ian Wooding Jones Mrs Melanie Wooding Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07905046 2023-01-31 07905046 2024-01-31 07905046 2023-02-01 2024-01-31 07905046 frs-core:CurrentFinancialInstruments 2024-01-31 07905046 frs-core:Non-currentFinancialInstruments 2024-01-31 07905046 frs-core:ComputerEquipment 2024-01-31 07905046 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07905046 frs-core:ComputerEquipment 2023-01-31 07905046 frs-core:FurnitureFittings 2024-01-31 07905046 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07905046 frs-core:FurnitureFittings 2023-01-31 07905046 frs-core:MotorVehicles 2024-01-31 07905046 frs-core:MotorVehicles 2023-02-01 2024-01-31 07905046 frs-core:MotorVehicles 2023-01-31 07905046 frs-core:PlantMachinery 2024-01-31 07905046 frs-core:PlantMachinery 2023-02-01 2024-01-31 07905046 frs-core:PlantMachinery 2023-01-31 07905046 frs-core:ShareCapital 2024-01-31 07905046 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07905046 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07905046 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07905046 frs-bus:SmallEntities 2023-02-01 2024-01-31 07905046 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07905046 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07905046 frs-bus:Director1 2023-02-01 2024-01-31 07905046 frs-bus:Director2 2023-02-01 2024-01-31 07905046 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07905046 frs-core:CurrentFinancialInstruments 1 2024-01-31 07905046 frs-countries:EnglandWales 2023-02-01 2024-01-31 07905046 2022-01-31 07905046 2023-01-31 07905046 2022-02-01 2023-01-31 07905046 frs-core:CurrentFinancialInstruments 2023-01-31 07905046 frs-core:Non-currentFinancialInstruments 2023-01-31 07905046 frs-core:ShareCapital 2023-01-31 07905046 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 07905046 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 07905046
MWJ TRADING LTD
Financial Statements
For The Year Ended 31 January 2024
My Accountant Friend
50 St Marys Road
Hemel Hempstead
Herts
HP2 5HL
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07905046
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,770 50,183
30,770 50,183
CURRENT ASSETS
Stocks 5 33,573 44,872
Debtors 6 40,741 26,343
Cash at bank and in hand 7,841 8,019
82,155 79,234
Creditors: Amounts Falling Due Within One Year 7 (185,829 ) (281,934 )
NET CURRENT ASSETS (LIABILITIES) (103,674 ) (202,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES (72,904 ) (152,517 )
Creditors: Amounts Falling Due After More Than One Year 8 (269,080 ) (163,626 )
NET LIABILITIES (341,984 ) (316,143 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (341,986 ) (316,145 )
SHAREHOLDERS' FUNDS (341,984) (316,143)
Page 1
Page 2
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
Mrs Melanie Wooding Jones
Director
23/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MWJ TRADING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07905046 . The registered office is Unit 10 Redbourn Industrial Centre, High Street, Redbourn, St. Albans, Hertfordshire, AL3 7LG.
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:
Plant & Machinery Straight Line
Motor Vehicles Straight Line
Fixtures & Fittings Straight Line
Computer Equipment Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 98,017 26,450 23,192 2,241 149,900
Additions - - - 1,054 1,054
As at 31 January 2024 98,017 26,450 23,192 3,295 150,954
Depreciation
As at 1 February 2023 62,938 20,949 13,589 2,241 99,717
Provided during the period 10,500 5,001 4,615 351 20,467
As at 31 January 2024 73,438 25,950 18,204 2,592 120,184
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2024 24,579 500 4,988 703 30,770
As at 1 February 2023 35,079 5,501 9,603 - 50,183
5. Stocks
2024 2023
£ £
Stock 33,573 44,872
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,888 -
Prepayments and accrued income 13,678 13,722
Other debtors (1) 1,175 1,467
40,741 15,189
Due after more than one year
Trade debtors - 11,154
- 11,154
40,741 26,343
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 110,086 142,884
Other taxes and social security 23,432 20,223
VAT 43,738 14,026
Net wages 120 -
Other creditors 364 160
Directors' loan accounts 8,089 104,641
185,829 281,934
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 269,080 163,626
269,080 163,626
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4