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 03931532 Ms Angela Naylor Mr Ian Webster Mr Robert Piasecki Mr Ludwig Vetter Mrs Catherine Webster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03931532 2023-03-31 03931532 2024-03-31 03931532 2023-04-01 2024-03-31 03931532 frs-core:Non-currentFinancialInstruments 2024-03-31 03931532 frs-core:BetweenOneFiveYears 2024-03-31 03931532 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03931532 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 03931532 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03931532 frs-core:MotorVehicles 2023-04-01 2024-03-31 03931532 frs-core:PlantMachinery 2023-04-01 2024-03-31 03931532 frs-core:WithinOneYear 2024-03-31 03931532 frs-core:OtherReservesSubtotal 2024-03-31 03931532 frs-core:ShareCapital 2024-03-31 03931532 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03931532 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03931532 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 03931532 frs-bus:SmallEntities 2023-04-01 2024-03-31 03931532 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03931532 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03931532 frs-bus:Director1 2023-04-01 2024-03-31 03931532 frs-bus:Director2 2023-04-01 2024-03-31 03931532 frs-bus:Director3 2023-04-01 2024-03-31 03931532 frs-bus:Director4 2023-04-01 2024-03-31 03931532 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03931532 frs-countries:EnglandWales 2023-04-01 2024-03-31 03931532 2022-03-31 03931532 2023-03-31 03931532 2022-04-01 2023-03-31 03931532 frs-core:Non-currentFinancialInstruments 2023-03-31 03931532 frs-core:BetweenOneFiveYears 2023-03-31 03931532 frs-core:WithinOneYear 2023-03-31 03931532 frs-core:OtherReservesSubtotal 2023-03-31 03931532 frs-core:ShareCapital 2023-03-31 03931532 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03931532
Webster Technologies Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03931532
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 78,940 76,611
Tangible Assets 5 750,281 818,033
829,221 894,644
CURRENT ASSETS
Stocks 129,142 107,810
Debtors 27,091 209,770
Cash at bank and in hand 8,668 22,849
164,901 340,429
Creditors: Amounts Falling Due Within One Year (526,980 ) (322,315 )
NET CURRENT ASSETS (LIABILITIES) (362,079 ) 18,114
TOTAL ASSETS LESS CURRENT LIABILITIES 467,142 912,758
Creditors: Amounts Falling Due After More Than One Year (259,955 ) (376,529 )
NET ASSETS 207,187 536,229
CAPITAL AND RESERVES
Called up share capital 7 10 10
Other reserves 240,000 240,000
Profit and Loss Account (32,823 ) 296,219
SHAREHOLDERS' FUNDS 207,187 536,229
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Angela Naylor
Director
24/05/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Webster Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03931532 . The registered office is 8 Bishopdale Rise, Mosborough Moor, Sheffield, South Yorkshire, S20 5PE.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents. They are amortised to the profit and loss account over the length of the patent.
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:
Plant & Machinery 2% & 10% on SLM
Motor Vehicles 25% on WDV
Fixtures & Fittings 10% on SLM
Computer Equipment 33% on SLM
2.5. 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.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 77,458
Additions 2,754
As at 31 March 2024 80,212
Amortisation
As at 1 April 2023 847
Provided during the period 425
As at 31 March 2024 1,272
Net Book Value
As at 31 March 2024 78,940
As at 1 April 2023 76,611
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 1,328,070
Additions 72,221
Disposals (52,385 )
As at 31 March 2024 1,347,906
Depreciation
As at 1 April 2023 510,037
Provided during the period 114,971
Disposals (27,383 )
As at 31 March 2024 597,625
...CONTINUED
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Net Book Value
As at 31 March 2024 750,281
As at 1 April 2023 818,033
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 70,388 70,860
Later than one year and not later than five years 11,702 80,955
82,090 151,815
82,090 151,815
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Pension Commitments
The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of Nil (2023 - £1,500) were due to the fund. They are included in Other Creditors.
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