Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09460376 Mr Nigel Churchill Hon Andrew Lopes Mr Nigel Churchill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09460376 2023-02-28 09460376 2024-02-29 09460376 2023-03-01 2024-02-29 09460376 frs-core:CurrentFinancialInstruments 2024-02-29 09460376 frs-core:MotorVehicles 2024-02-29 09460376 frs-core:MotorVehicles 2023-03-01 2024-02-29 09460376 frs-core:MotorVehicles 2023-02-28 09460376 frs-core:ShareCapital 2024-02-29 09460376 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09460376 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09460376 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09460376 frs-bus:SmallEntities 2023-03-01 2024-02-29 09460376 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09460376 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09460376 frs-bus:Director1 2023-03-01 2024-02-29 09460376 frs-bus:Director2 2023-03-01 2024-02-29 09460376 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 09460376 frs-countries:EnglandWales 2023-03-01 2024-02-29 09460376 2022-02-28 09460376 2023-02-28 09460376 2022-03-01 2023-02-28 09460376 frs-core:CurrentFinancialInstruments 2023-02-28 09460376 frs-core:ShareCapital 2023-02-28 09460376 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09460376
Acquiro SW Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09460376
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,802 2,403
1,802 2,403
CURRENT ASSETS
Stocks 5 36,681 34,860
Debtors 6 390 260
Cash at bank and in hand 477 377
37,548 35,497
Creditors: Amounts Falling Due Within One Year 7 (62,394 ) (58,067 )
NET CURRENT ASSETS (LIABILITIES) (24,846 ) (22,570 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,044 ) (20,167 )
NET LIABILITIES (23,044 ) (20,167 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (23,046 ) (20,169 )
SHAREHOLDERS' FUNDS (23,044) (20,167)
Page 1
Page 2
For the year ending 29 February 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
Mr Nigel Churchill
Director
20 November 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
Acquiro SW Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09460376 . The registered office is 6 Houndiscombe Road, Plymouth, PL4 6HH.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis as the directors will continue funding the
company until it can make further sales.
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:
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Work in progress is stated at the lower of costs incurred in the purchase of land plus the various costs incurred in obtaining the relevant planning permissions, and the estimated selling price of the land less associated costs. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired the carrying amount is reduced to its selling price less costs to complete and sell, and the impairment loss is recognised immediately in profit or loss.
2.5. Taxation
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in
other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively
enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that they will be recovered
against the reversal of deferred tax liabilities. Unrelieved tax losses and other deferred tax assets are not recognised
as recoverable against other future taxable profits unless there is a high degree of probability of this occurring.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 March 2023 7,595
As at 29 February 2024 7,595
Depreciation
As at 1 March 2023 5,192
Provided during the period 601
As at 29 February 2024 5,793
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 1,802
As at 1 March 2023 2,403
5. Stocks
2024 2023
£ £
Work in progress 36,681 34,860
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 390 260
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,340 804
Other creditors 60,054 57,263
62,394 58,067
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4