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 07309519 Mr Ben Whitcombe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07309519 2023-03-31 07309519 2024-03-31 07309519 2023-04-01 2024-03-31 07309519 frs-core:CurrentFinancialInstruments 2024-03-31 07309519 frs-core:Non-currentFinancialInstruments 2024-03-31 07309519 frs-core:FurnitureFittings 2024-03-31 07309519 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07309519 frs-core:FurnitureFittings 2023-03-31 07309519 frs-core:NetGoodwill 2024-03-31 07309519 frs-core:NetGoodwill 2023-04-01 2024-03-31 07309519 frs-core:NetGoodwill 2023-03-31 07309519 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07309519 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07309519 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 07309519 frs-core:MotorVehicles 2024-03-31 07309519 frs-core:MotorVehicles 2023-04-01 2024-03-31 07309519 frs-core:MotorVehicles 2023-03-31 07309519 frs-core:PlantMachinery 2024-03-31 07309519 frs-core:PlantMachinery 2023-04-01 2024-03-31 07309519 frs-core:PlantMachinery 2023-03-31 07309519 frs-core:ShareCapital 2024-03-31 07309519 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07309519 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07309519 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07309519 frs-bus:SmallEntities 2023-04-01 2024-03-31 07309519 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07309519 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07309519 frs-core:ListedExchangeTraded 2024-03-31 07309519 frs-core:ListedExchangeTraded 2023-03-31 07309519 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 07309519 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 07309519 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 07309519 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 07309519 frs-bus:Director1 2023-04-01 2024-03-31 07309519 frs-countries:EnglandWales 2023-04-01 2024-03-31 07309519 2022-03-31 07309519 2023-03-31 07309519 2022-04-01 2023-03-31 07309519 frs-core:CurrentFinancialInstruments 2023-03-31 07309519 frs-core:Non-currentFinancialInstruments 2023-03-31 07309519 frs-core:ShareCapital 2023-03-31 07309519 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07309519
Ben Whitcombe Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Trek Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07309519
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 21,600 21,600
Tangible Assets 5 451,040 467,599
Investments 6 10,292 10,292
482,932 499,491
CURRENT ASSETS
Stocks 7 137,399 32,560
Debtors 8 5,346 15,208
Cash at bank and in hand 125,229 147,522
267,974 195,290
Creditors: Amounts Falling Due Within One Year 9 (692,544 ) (649,763 )
NET CURRENT ASSETS (LIABILITIES) (424,570 ) (454,473 )
TOTAL ASSETS LESS CURRENT LIABILITIES 58,362 45,018
Creditors: Amounts Falling Due After More Than One Year 10 (21,978 ) (31,896 )
NET ASSETS 36,384 13,122
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 36,382 13,120
SHAREHOLDERS' FUNDS 36,384 13,122
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 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 Ben Whitcombe
Director
26th November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ben Whitcombe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07309519 . The registered office is 48 Queen Street, Exeter, EX4 3SR.
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 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:
Freehold No depreciation
Plant & Machinery 18% Reducing balance
Motor Vehicles 18% Reducing balance
Fixtures & Fittings 18% Reducing balance
2.5. 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: 1 (2023: 1)
1 1
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 72,000
As at 31 March 2024 72,000
Amortisation
As at 1 April 2023 50,400
As at 31 March 2024 50,400
Net Book Value
As at 31 March 2024 21,600
As at 1 April 2023 21,600
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 375,604 5,083 105,379 54,793 540,859
As at 31 March 2024 375,604 5,083 105,379 54,793 540,859
Depreciation
As at 1 April 2023 - 2,906 49,021 21,333 73,260
Provided during the period - 392 10,144 6,023 16,559
As at 31 March 2024 - 3,298 59,165 27,356 89,819
Net Book Value
As at 31 March 2024 375,604 1,785 46,214 27,437 451,040
As at 1 April 2023 375,604 2,177 56,358 33,460 467,599
6. Investments
Listed
£
Cost
As at 1 April 2023 10,292
As at 31 March 2024 10,292
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 10,292
As at 1 April 2023 10,292
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7. Stocks
2024 2023
£ £
Stock - vehicles 129,399 24,560
Livestock Stock 8,000 8,000
137,399 32,560
8. Debtors
2024 2023
£ £
Due within one year
VAT 5,346 15,208
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 532,000 532,000
Accruals and deferred income 4,200 4,200
Director's loan account 156,344 113,563
692,544 649,763
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,978 31,896
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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