Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06908820 Mr Carl Gibson Mrs Wendy Gibson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06908820 2023-03-31 06908820 2024-03-31 06908820 2023-04-01 2024-03-31 06908820 frs-core:CurrentFinancialInstruments 2024-03-31 06908820 frs-core:ComputerEquipment 2024-03-31 06908820 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06908820 frs-core:ComputerEquipment 2023-03-31 06908820 frs-core:NetGoodwill 2024-03-31 06908820 frs-core:NetGoodwill 2023-04-01 2024-03-31 06908820 frs-core:NetGoodwill 2023-03-31 06908820 frs-core:PlantMachinery 2024-03-31 06908820 frs-core:PlantMachinery 2023-04-01 2024-03-31 06908820 frs-core:PlantMachinery 2023-03-31 06908820 frs-core:ShareCapital 2024-03-31 06908820 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06908820 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06908820 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06908820 frs-bus:SmallEntities 2023-04-01 2024-03-31 06908820 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06908820 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06908820 frs-bus:Director1 2023-04-01 2024-03-31 06908820 frs-bus:Director2 2023-04-01 2024-03-31 06908820 frs-countries:EnglandWales 2023-04-01 2024-03-31 06908820 2022-03-31 06908820 2023-03-31 06908820 2022-04-01 2023-03-31 06908820 frs-core:CurrentFinancialInstruments 2023-03-31 06908820 frs-core:ShareCapital 2023-03-31 06908820 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06908820
Two Wei Limited
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06908820
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 928
- 928
CURRENT ASSETS
Debtors 6 361 -
Cash at bank and in hand 3,066 1,184
3,427 1,184
Creditors: Amounts Falling Due Within One Year 7 (78,085 ) (73,783 )
NET CURRENT ASSETS (LIABILITIES) (74,658 ) (72,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,658 ) (71,671 )
NET LIABILITIES (74,658 ) (71,671 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (74,660 ) (71,673 )
SHAREHOLDERS' FUNDS (74,658) (71,671)
Page 1
Page 2
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.
On behalf of the board
Mrs Wendy Gibson
Director
11 October 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
Two Wei Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06908820 . The registered office is C/o Keith Willis Associates Ltd, Gothic House, Barker Gate, Nottingham, Nottinghamshire, NG1 1JU.
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 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
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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% on Cost
Computer Equipment 25% on Cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 8,800
As at 31 March 2024 8,800
Amortisation
As at 1 April 2023 8,800
As at 31 March 2024 8,800
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,125 4,920 7,045
As at 31 March 2024 2,125 4,920 7,045
Depreciation
As at 1 April 2023 2,125 3,992 6,117
Provided during the period - 928 928
As at 31 March 2024 2,125 4,920 7,045
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - 928 928
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 361 -
361 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 171 163
Accruals and deferred income 720 720
Directors' loan accounts 77,194 72,900
78,085 73,783
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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