Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 9952573 Mr Matthew Layt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9952573 2023-01-31 9952573 2024-01-31 9952573 2023-02-01 2024-01-31 9952573 frs-core:CurrentFinancialInstruments 2024-01-31 9952573 frs-core:Non-currentFinancialInstruments 2024-01-31 9952573 frs-core:ComputerEquipment 2024-01-31 9952573 frs-core:ComputerEquipment 2023-02-01 2024-01-31 9952573 frs-core:ComputerEquipment 2023-01-31 9952573 frs-core:MotorVehicles 2024-01-31 9952573 frs-core:MotorVehicles 2023-02-01 2024-01-31 9952573 frs-core:MotorVehicles 2023-01-31 9952573 frs-core:PlantMachinery 2024-01-31 9952573 frs-core:PlantMachinery 2023-02-01 2024-01-31 9952573 frs-core:PlantMachinery 2023-01-31 9952573 frs-core:ShareCapital 2024-01-31 9952573 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 9952573 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 9952573 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 9952573 frs-bus:SmallEntities 2023-02-01 2024-01-31 9952573 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 9952573 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 9952573 1 2023-02-01 2024-01-31 9952573 frs-bus:Director1 2023-02-01 2024-01-31 9952573 frs-countries:EnglandWales 2023-02-01 2024-01-31 9952573 2022-01-31 9952573 2023-01-31 9952573 2022-02-01 2023-01-31 9952573 frs-core:CurrentFinancialInstruments 2023-01-31 9952573 frs-core:Non-currentFinancialInstruments 2023-01-31 9952573 frs-core:ShareCapital 2023-01-31 9952573 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 9952573
Broadwurx Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9952573
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,969 29,905
23,969 29,905
CURRENT ASSETS
Stocks 5 1,500 23,294
Debtors 6 5,618 5,091
Cash at bank and in hand 51,289 48,945
58,407 77,330
Creditors: Amounts Falling Due Within One Year 7 (33,923 ) (28,858 )
NET CURRENT ASSETS (LIABILITIES) 24,484 48,472
TOTAL ASSETS LESS CURRENT LIABILITIES 48,453 78,377
Creditors: Amounts Falling Due After More Than One Year 8 (6,420 ) (48,731 )
NET ASSETS 42,033 29,646
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 42,023 29,636
SHAREHOLDERS' FUNDS 42,033 29,646
Page 1
Page 2
For the year ending 31 January 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 Matthew Layt
Director
21st November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Broadwurx Limited Registered number 9952573 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Station Road, Brundall, Norfolk, NR13 5LA.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
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.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 94,770 16,833 449 112,052
Additions 2,850 - - 2,850
Disposals - (9,000 ) - (9,000 )
As at 31 January 2024 97,620 7,833 449 105,902
Depreciation
As at 1 February 2023 71,770 10,071 306 82,147
Provided during the period 6,578 (6,827 ) 35 (214 )
As at 31 January 2024 78,348 3,244 341 81,933
Net Book Value
As at 31 January 2024 19,272 4,589 108 23,969
As at 1 February 2023 23,000 6,762 143 29,905
5. Stocks
2024 2023
£ £
Materials 1,500 1,500
Work in progress - 21,794
1,500 23,294
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,243 4,323
Prepayments and accrued income 1,375 768
5,618 5,091
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,236 2,310
Corporation tax 13,396 10,657
VAT 19,291 15,891
33,923 28,858
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 6,420 48,731
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Matthew Layt 40,000 18,500
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Matthew Layt by virtue of his ownership of 100% of the issued share capital in the company.
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