Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10667607 Dr Robert Conway Dr Edward Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10667607 2023-02-28 10667607 2024-02-29 10667607 2023-03-01 2024-02-29 10667607 frs-core:CurrentFinancialInstruments 2024-02-29 10667607 frs-core:Non-currentFinancialInstruments 2024-02-29 10667607 frs-core:NetGoodwill 2024-02-29 10667607 frs-core:NetGoodwill 2023-03-01 2024-02-29 10667607 frs-core:NetGoodwill 2023-02-28 10667607 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 10667607 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10667607 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 10667607 frs-core:MotorVehicles 2024-02-29 10667607 frs-core:MotorVehicles 2023-03-01 2024-02-29 10667607 frs-core:MotorVehicles 2023-02-28 10667607 frs-core:PlantMachinery 2024-02-29 10667607 frs-core:PlantMachinery 2023-03-01 2024-02-29 10667607 frs-core:PlantMachinery 2023-02-28 10667607 frs-core:ShareCapital 2024-02-29 10667607 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10667607 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10667607 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10667607 frs-bus:SmallEntities 2023-03-01 2024-02-29 10667607 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10667607 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10667607 frs-bus:Director1 2023-03-01 2024-02-29 10667607 frs-bus:Director2 2023-03-01 2024-02-29 10667607 frs-countries:EnglandWales 2023-03-01 2024-02-29 10667607 2022-02-28 10667607 2023-02-28 10667607 2022-03-01 2023-02-28 10667607 frs-core:CurrentFinancialInstruments 2023-02-28 10667607 frs-core:Non-currentFinancialInstruments 2023-02-28 10667607 frs-core:ShareCapital 2023-02-28 10667607 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10667607
WCN Care Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10667607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 181,300 226,625
Tangible Assets 5 835,700 810,856
1,017,000 1,037,481
CURRENT ASSETS
Stocks 6 2,000 2,500
Debtors 7 514,642 152,825
Cash at bank and in hand 341,011 320,371
857,653 475,696
Creditors: Amounts Falling Due Within One Year 8 (423,901 ) (213,121 )
NET CURRENT ASSETS (LIABILITIES) 433,752 262,575
TOTAL ASSETS LESS CURRENT LIABILITIES 1,450,752 1,300,056
Creditors: Amounts Falling Due After More Than One Year 9 (536,000 ) (844,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,023 ) (18,645 )
NET ASSETS 887,729 437,411
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 887,719 437,401
SHAREHOLDERS' FUNDS 887,729 437,411
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
Dr Edward Williams
Director
28/11/2024
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
WCN Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10667607 . The registered office is Unit 5 Callow Park, Callow Hill, Brinkworth, SN15 5FD.
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 10 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 2% straight line on buildings, 0% on land
Plant & Machinery 20% straight line
Motor Vehicles 25% 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.
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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 61 (2023: 62)
61 62
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 453,250
As at 29 February 2024 453,250
Amortisation
As at 1 March 2023 226,625
Provided during the period 45,325
As at 29 February 2024 271,950
Net Book Value
As at 29 February 2024 181,300
As at 1 March 2023 226,625
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 March 2023 777,697 133,707 48,265 959,669
Additions - 25,232 45,495 70,727
As at 29 February 2024 777,697 158,939 93,760 1,030,396
Depreciation
As at 1 March 2023 41,457 95,290 12,066 148,813
Provided during the period 8,554 17,057 20,272 45,883
As at 29 February 2024 50,011 112,347 32,338 194,696
Net Book Value
As at 29 February 2024 727,686 46,592 61,422 835,700
As at 1 March 2023 736,240 38,417 36,199 810,856
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 2,000 2,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 445,191 131,785
Amounts owed by group undertakings 16,305 13,056
Other debtors 53,146 7,984
514,642 152,825
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,678 7,561
Bank loans and overdrafts 116,000 72,000
Amounts owed to participating interests 1,190 1,422
Other creditors 41,277 31,663
Taxation and social security 249,756 100,475
423,901 213,121
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 536,000 844,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5