Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13596851 Mr Ronan McCann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13596851 2023-08-31 13596851 2024-08-31 13596851 2023-09-01 2024-08-31 13596851 frs-core:ComputerEquipment 2024-08-31 13596851 frs-core:ComputerEquipment 2023-09-01 2024-08-31 13596851 frs-core:ComputerEquipment 2023-08-31 13596851 frs-core:FurnitureFittings 2024-08-31 13596851 frs-core:FurnitureFittings 2023-09-01 2024-08-31 13596851 frs-core:FurnitureFittings 2023-08-31 13596851 frs-core:MotorVehicles 2024-08-31 13596851 frs-core:MotorVehicles 2023-09-01 2024-08-31 13596851 frs-core:MotorVehicles 2023-08-31 13596851 frs-core:PlantMachinery 2024-08-31 13596851 frs-core:PlantMachinery 2023-09-01 2024-08-31 13596851 frs-core:PlantMachinery 2023-08-31 13596851 frs-core:ShareCapital 2024-08-31 13596851 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13596851 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13596851 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13596851 frs-bus:SmallEntities 2023-09-01 2024-08-31 13596851 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13596851 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13596851 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 13596851 frs-bus:OrdinaryShareClass2 2024-08-31 13596851 frs-bus:OrdinaryShareClass3 2023-09-01 2024-08-31 13596851 frs-bus:OrdinaryShareClass3 2024-08-31 13596851 frs-bus:Director1 2023-09-01 2024-08-31 13596851 frs-countries:EnglandWales 2023-09-01 2024-08-31 13596851 2022-08-31 13596851 2023-08-31 13596851 2022-09-01 2023-08-31 13596851 frs-core:ShareCapital 2023-08-31 13596851 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13596851 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 13596851 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31
Registered number: 13596851
Isle Of Wight Bars Limited
Financial Statements
For The Year Ended 31 August 2024
Apple Accountancy Limited
Chartered Certified Accountants
5 Holyrood Street
Newport
Isle of Wight
PO30 5AU
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Isle Of Wight Bars Limited For The Year Ended 31 August 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Isle Of Wight Bars Limited 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 us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Isle Of Wight Bars Limited , as a body, in accordance with the terms of our engagement letter dated 04 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of Isle Of Wight Bars Limited and state those matters that we have agreed to state to the director of Isle Of Wight Bars Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Isle Of Wight Bars Limited and its director as a body for our work or for this report.
It is your duty to ensure that Isle Of Wight Bars Limited 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 Isle Of Wight Bars Limited . You consider that Isle Of Wight Bars Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Isle Of Wight Bars Limited . 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
20th November 2024
Apple Accountancy Limited
Chartered Certified Accountants
5 Holyrood Street
Newport
Isle of Wight
PO30 5AU
Page 1
Page 2
Balance Sheet
Registered number: 13596851
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,588 36,911
30,588 36,911
CURRENT ASSETS
Stocks 7,560 1,690
Debtors 1,559 2,163
Cash at bank and in hand 27,794 20,958
36,913 24,811
Creditors: Amounts Falling Due Within One Year (75,980 ) (77,118 )
NET CURRENT ASSETS (LIABILITIES) (39,067 ) (52,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,479 ) (15,396 )
NET LIABILITIES (8,479 ) (15,396 )
CAPITAL AND RESERVES
Called up share capital 5 11 11
Profit and Loss Account (8,490 ) (15,407 )
SHAREHOLDERS' FUNDS (8,479) (15,396)
Page 2
Page 3
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ronan McCann
Director
25th November 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Isle Of Wight Bars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13596851 . The registered office is 5 Holyrood Street, Newport, Isle of Wight, PO36 8NR.
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 25% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
Computer Equipment 33% 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: 5 (2023: 4)
5 4
Page 4
Page 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 8,496 56,250 2,110 570 67,426
Additions 6,139 - - - 6,139
As at 31 August 2024 14,635 56,250 2,110 570 73,565
Depreciation
As at 1 September 2023 4,119 24,609 1,407 380 30,515
Provided during the period 3,658 7,911 703 190 12,462
As at 31 August 2024 7,777 32,520 2,110 570 42,977
Net Book Value
As at 31 August 2024 6,858 23,730 - - 30,588
As at 1 September 2023 4,377 31,641 703 190 36,911
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 0.100 each 10 10
1 Ordinary B shares of £ 1.000 each 1 1
11 11
Page 5