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 04483380 Mr Christopher Hawkins Ms Belinda Austin Mr Phillip Mason Mr Colin Turner Mr Peter Marchbank Ms Heidi Wells Mr Nicholas Keast Mr Christopher Wilson Mr Austin Chick Mr David Gordon Mr Benjamin Rhodes Ms Elsa Hogan Mr Neil Tolson Gregg Latchams Wrh Executor & Trustees Company iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04483380 2023-03-31 04483380 2024-03-31 04483380 2023-04-01 2024-03-31 04483380 frs-core:CurrentFinancialInstruments 2024-03-31 04483380 frs-core:Non-currentFinancialInstruments 2024-03-31 04483380 frs-core:ComputerEquipment 2024-03-31 04483380 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04483380 frs-core:ComputerEquipment 2023-03-31 04483380 frs-core:FurnitureFittings 2024-03-31 04483380 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04483380 frs-core:FurnitureFittings 2023-03-31 04483380 frs-core:NetGoodwill 2024-03-31 04483380 frs-core:NetGoodwill 2023-04-01 2024-03-31 04483380 frs-core:NetGoodwill 2023-03-31 04483380 frs-core:PlantMachinery 2023-04-01 2024-03-31 04483380 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04483380 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 04483380 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04483380 frs-bus:SmallEntities 2023-04-01 2024-03-31 04483380 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04483380 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04483380 frs-bus:Director1 2023-04-01 2024-03-31 04483380 frs-bus:Director2 2023-04-01 2024-03-31 04483380 frs-bus:Director3 2023-04-01 2024-03-31 04483380 frs-bus:Director4 2023-04-01 2024-03-31 04483380 frs-bus:Director5 2023-04-01 2024-03-31 04483380 frs-bus:Director6 2023-04-01 2024-03-31 04483380 frs-bus:Director7 2023-04-01 2024-03-31 04483380 frs-bus:Director8 2023-04-01 2024-03-31 04483380 frs-bus:Director9 2023-04-01 2024-03-31 04483380 frs-bus:Director10 2023-04-01 2024-03-31 04483380 frs-bus:Director11 2023-04-01 2024-03-31 04483380 frs-bus:Director12 2023-04-01 2024-03-31 04483380 frs-bus:Director13 2023-04-01 2024-03-31 04483380 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04483380 frs-countries:EnglandWales 2023-04-01 2024-03-31 04483380 2022-03-31 04483380 2023-03-31 04483380 2022-04-01 2023-03-31 04483380 frs-core:CurrentFinancialInstruments 2023-03-31 04483380 frs-core:Non-currentFinancialInstruments 2023-03-31 04483380 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04483380
West of England Aerospace Forum Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Vatax Accounting LTD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04483380
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 6 76,398 34,511
Cash at bank and in hand 289,656 280,118
366,054 314,629
Creditors: Amounts Falling Due Within One Year 7 (162,908 ) (100,066 )
NET CURRENT ASSETS (LIABILITIES) 203,146 214,563
TOTAL ASSETS LESS CURRENT LIABILITIES 203,146 214,563
Creditors: Amounts Falling Due After More Than One Year 8 (29,166 ) (34,722 )
NET ASSETS 173,980 179,841
Income and Expenditure Account 173,980 179,841
MEMBERS' FUNDS 173,980 179,841
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 Income and Expenditure Account.
On behalf of the board
Mr Colin Turner
Director
Mr Neil Tolson
Director
19/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
West of England Aerospace Forum Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04483380 . The registered office is One Temple Quay, Temple Back East, Bristol, BS1 6DZ.
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 - 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 income and expenditure 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 10% on Cost
Fixtures & Fittings 10% on Cost
Computer Equipment 10% on Cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 33,220
As at 31 March 2024 33,220
Amortisation
As at 1 April 2023 33,220
As at 31 March 2024 33,220
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
Page 2
Page 3
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 58,186 57,190 115,376
As at 31 March 2024 58,186 57,190 115,376
Depreciation
As at 1 April 2023 58,186 57,190 115,376
As at 31 March 2024 58,186 57,190 115,376
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,962 30,777
Other debtors 30,436 3,734
76,398 34,511
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,119 7,339
Bank loans and overdrafts 5,556 5,556
Other creditors 114,316 64,931
Taxation and social security 23,917 22,240
162,908 100,066
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan 29,166 34,722
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3