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 08546594 Mr Steven Johnson Mr Richard Senior Mr Andrew Weston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08546594 2023-03-31 08546594 2024-03-31 08546594 2023-04-01 2024-03-31 08546594 frs-core:CurrentFinancialInstruments 2024-03-31 08546594 frs-core:Non-currentFinancialInstruments 2024-03-31 08546594 frs-core:BetweenOneFiveYears 2024-03-31 08546594 frs-core:FurnitureFittings 2024-03-31 08546594 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08546594 frs-core:FurnitureFittings 2023-03-31 08546594 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08546594 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08546594 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 08546594 frs-core:MotorVehicles 2024-03-31 08546594 frs-core:MotorVehicles 2023-04-01 2024-03-31 08546594 frs-core:MotorVehicles 2023-03-31 08546594 frs-core:PlantMachinery 2024-03-31 08546594 frs-core:PlantMachinery 2023-04-01 2024-03-31 08546594 frs-core:PlantMachinery 2023-03-31 08546594 frs-core:WithinOneYear 2024-03-31 08546594 frs-core:ShareCapital 2024-03-31 08546594 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08546594 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08546594 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08546594 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08546594 frs-bus:SmallEntities 2023-04-01 2024-03-31 08546594 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08546594 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08546594 frs-bus:Director1 2023-04-01 2024-03-31 08546594 frs-bus:Director2 2023-04-01 2024-03-31 08546594 frs-bus:Director3 2023-04-01 2024-03-31 08546594 frs-core:CurrentFinancialInstruments 1 2024-03-31 08546594 frs-countries:EnglandWales 2023-04-01 2024-03-31 08546594 2022-03-31 08546594 2023-03-31 08546594 2022-04-01 2023-03-31 08546594 frs-core:CurrentFinancialInstruments 2023-03-31 08546594 frs-core:Non-currentFinancialInstruments 2023-03-31 08546594 frs-core:BetweenOneFiveYears 2023-03-31 08546594 frs-core:WithinOneYear 2023-03-31 08546594 frs-core:ShareCapital 2022-03-31 08546594 frs-core:ShareCapital 2023-03-31 08546594 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 08546594 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 08546594 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08546594 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 08546594
SWJ Solutions Ltd
Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08546594
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,467 21,555
50,467 21,555
CURRENT ASSETS
Stocks 5 55,000 52,500
Debtors 6 315,373 209,548
Cash at bank and in hand 87,065 104,131
457,438 366,179
Creditors: Amounts Falling Due Within One Year 7 (374,850 ) (291,237 )
NET CURRENT ASSETS (LIABILITIES) 82,588 74,942
TOTAL ASSETS LESS CURRENT LIABILITIES 133,055 96,497
Creditors: Amounts Falling Due After More Than One Year 8 (68,491 ) (77,812 )
NET ASSETS 64,564 18,685
CAPITAL AND RESERVES
Called up share capital 10 260 260
Profit and Loss Account 64,304 18,425
SHAREHOLDERS' FUNDS 64,564 18,685
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 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 Richard Senior
Director
27 November 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 260 9,952 10,212
Profit for the year and total comprehensive income - 43,473 43,473
Dividends paid - (35,000) (35,000)
As at 31 March 2023 and 1 April 2023 260 18,425 18,685
Profit for the year and total comprehensive income - 75,879 75,879
Dividends paid - (30,000) (30,000)
As at 31 March 2024 260 64,304 64,564
Page 3
Page 4
Notes to the Financial Statements
1. General Information
SWJ Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08546594 . The registered office is 16 Queen Street, Ilkeston, DE7 5GT.
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:
Leasehold Not depreciated
Plant & Machinery 20%
Motor Vehicles 25%
Fixtures & Fittings 20%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 17)
17 17
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 13,929 73,940 18,305 18,686 124,860
Additions - 41,000 - - 41,000
Disposals - - (18,305 ) - (18,305 )
As at 31 March 2024 13,929 114,940 - 18,686 147,555
Depreciation
As at 1 April 2023 - 73,789 18,305 11,211 103,305
Provided during the period - 8,351 - 3,737 12,088
Disposals - - (18,305 ) - (18,305 )
As at 31 March 2024 - 82,140 - 14,948 97,088
Net Book Value
As at 31 March 2024 13,929 32,800 - 3,738 50,467
As at 1 April 2023 13,929 151 - 7,475 21,555
5. Stocks
2024 2023
£ £
Stock 17,500 17,500
Work in progress 37,500 35,000
55,000 52,500
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 239,427 134,306
Prepayments and accrued income 75,946 74,692
Other debtors - 550
315,373 209,548
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,650 -
Trade creditors 211,891 163,333
Bank loans and overdrafts 37,045 37,045
Corporation tax 11,923 18,115
Other taxes and social security 15,640 9,684
VAT 48,436 31,278
Net wages 4,275 -
Other creditors (1) 30,595 25,086
Accruals and deferred income 5,123 5,417
Directors' loan accounts 272 1,279
374,850 291,237
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,146 -
Bank loans 40,345 77,812
68,491 77,812
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,650 -
Later than one year and not later than five years 28,146 -
37,796 -
37,796 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 260 260
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