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 11151482 Mr John Hallam Mr Philip Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11151482 2023-03-31 11151482 2024-03-31 11151482 2023-04-01 2024-03-31 11151482 frs-core:Non-currentFinancialInstruments 2024-03-31 11151482 frs-core:BetweenOneFiveYears 2024-03-31 11151482 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11151482 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 11151482 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11151482 frs-core:MotorVehicles 2023-04-01 2024-03-31 11151482 frs-core:PlantMachinery 2023-04-01 2024-03-31 11151482 frs-core:WithinOneYear 2024-03-31 11151482 frs-core:ShareCapital 2024-03-31 11151482 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11151482 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11151482 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 11151482 frs-bus:SmallEntities 2023-04-01 2024-03-31 11151482 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11151482 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11151482 frs-bus:Director1 2023-04-01 2024-03-31 11151482 frs-bus:Director2 2023-04-01 2024-03-31 11151482 frs-countries:EnglandWales 2023-04-01 2024-03-31 11151482 2022-03-31 11151482 2023-03-31 11151482 2022-04-01 2023-03-31 11151482 frs-core:Non-currentFinancialInstruments 2023-03-31 11151482 frs-core:BetweenOneFiveYears 2023-03-31 11151482 frs-core:WithinOneYear 2023-03-31 11151482 frs-core:ShareCapital 2023-03-31 11151482 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11151482
Naturewall Group Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Naturewall Group Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Naturewall Group Ltd for the year ended 31 March 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 firm 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 Naturewall Group Ltd , as a body, in accordance with the terms of our engagement letter dated 14 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Naturewall Group Ltd and state those matters that we have agreed to state to the directors of Naturewall Group 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 Naturewall Group Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Naturewall Group 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 Naturewall Group Ltd . You consider that Naturewall Group 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 Naturewall Group 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
4 November 2024
A. P. Robinson & Co
Chartered Accountants
107 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ER
Page 1
Page 2
Abridged Balance Sheet
Registered number: 11151482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 165,235 48,091
Tangible Assets 5 647,895 217,689
813,130 265,780
CURRENT ASSETS
Stocks 515,847 999,936
Debtors 884,257 308,108
Cash at bank and in hand 234,403 514,841
1,634,507 1,822,885
Creditors: Amounts Falling Due Within One Year (1,282,434 ) (1,005,785 )
NET CURRENT ASSETS (LIABILITIES) 352,073 817,100
TOTAL ASSETS LESS CURRENT LIABILITIES 1,165,203 1,082,880
Creditors: Amounts Falling Due After More Than One Year (312,663 ) (26,657 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,413 ) (22,368 )
NET ASSETS 836,127 1,033,855
CAPITAL AND RESERVES
Called up share capital 7 200 100
Profit and Loss Account 835,927 1,033,755
SHAREHOLDERS' FUNDS 836,127 1,033,855
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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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Philip Brown
Director
4 November 2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Naturewall Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11151482 . The registered office is 28 Bergen Way, Stockholm Road, Hull, HU7 0YQ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are measured at cost less accumulated amortisation and any impairment losses. Amortisation is provided on a straight-line basis over the asset's estimated useful life, with website development costs amortised at 25% per annum.
2.4. Research and Development
In the research phase of an internal project, it is not possible to demonstrate that the project will generate probable future economic benefits; therefore, all research expenditure is recognised as an expense when incurred. Intangible assets are recognised from the development phase of a project only if specific criteria are met, demonstrating that the asset will generate probable future economic benefits and that its cost can be reliably measured. Capitalised development costs are subsequently amortised on a straight-line basis at 25% per annum over their expected useful economic lives.
If it is not possible to distinguish between the research and development phases of an internal project, all expenditure is treated as incurred in the research phase.
2.5. 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 20% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
For depreciation purposes, plant and machinery are categorized based on their location:
Hull Site:
Plant and machinery located at the Hull site are depreciated on a straight-line basis at a rate of 20% per annum over their useful economic life. This method reflects a consistent allocation of the asset’s cost over its expected life.
Beverley Site:
Plant and machinery acquired for the Beverley site are subject to a specific depreciation approach. In the year of acquisition, these assets are depreciated at 0%. In the year of disposal, they are depreciated at 100% to fully account for the asset’s cost upon cessation of use.
This policy is reviewed periodically to ensure it remains appropriate and accurately reflects the usage and economic benefit of the assets to the company.
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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 years 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 43 33
43 33
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4. Intangible Assets
Total
£
Cost
As at 1 April 2023 74,783
Additions 139,452
As at 31 March 2024 214,235
Amortisation
As at 1 April 2023 26,692
Provided during the period 22,308
As at 31 March 2024 49,000
Net Book Value
As at 31 March 2024 165,235
As at 1 April 2023 48,091
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 322,353
Additions 504,189
As at 31 March 2024 826,542
Depreciation
As at 1 April 2023 104,664
Provided during the period 73,983
As at 31 March 2024 178,647
Net Book Value
As at 31 March 2024 647,895
As at 1 April 2023 217,689
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,545 -
Later than one year and not later than five years 177,177 -
216,722 -
216,722 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 100
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