Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03784876 C M Harlow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03784876 2023-06-30 03784876 2024-06-30 03784876 2023-07-01 2024-06-30 03784876 frs-core:CurrentFinancialInstruments 2024-06-30 03784876 frs-core:ComputerEquipment 2024-06-30 03784876 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03784876 frs-core:ComputerEquipment 2023-06-30 03784876 frs-core:ShareCapital 2024-06-30 03784876 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03784876 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03784876 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03784876 frs-bus:SmallEntities 2023-07-01 2024-06-30 03784876 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03784876 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03784876 frs-bus:Director1 2023-07-01 2024-06-30 03784876 frs-core:CurrentFinancialInstruments 1 2024-06-30 03784876 frs-countries:EnglandWales 2023-07-01 2024-06-30 03784876 2022-06-30 03784876 2023-06-30 03784876 2022-07-01 2023-06-30 03784876 frs-core:CurrentFinancialInstruments 2023-06-30 03784876 frs-core:ShareCapital 2023-06-30 03784876 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 03784876 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 03784876
Solware Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
The Boss Partnership
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03784876
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,805 2,627
1,805 2,627
CURRENT ASSETS
Stocks 5 655,000 615,000
Debtors 6 22,302 8,479
Cash at bank and in hand 222,567 194,016
899,869 817,495
Creditors: Amounts Falling Due Within One Year 7 (96,607 ) (100,855 )
NET CURRENT ASSETS (LIABILITIES) 803,262 716,640
TOTAL ASSETS LESS CURRENT LIABILITIES 805,067 719,267
NET ASSETS 805,067 719,267
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 804,967 719,167
SHAREHOLDERS' FUNDS 805,067 719,267
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For the year ending 30 June 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
C M Harlow
Director
10/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Solware Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03784876 . The registered office is Unit 1 Tame Valley Business Centre, Magnus, Tame Valley Industrial Estate Wilnecote, Tamworth, Staffordshire, B77 5BY.
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:
Computer Equipment 33% Straight line
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.
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2.5. 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.
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 or deferred 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 and deferred tax is also 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: 6 (2023: 5)
6 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 35,903
As at 30 June 2024 35,903
Depreciation
As at 1 July 2023 33,276
Provided during the period 822
As at 30 June 2024 34,098
Net Book Value
As at 30 June 2024 1,805
As at 1 July 2023 2,627
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5. Stocks
2024 2023
£ £
Finished goods 655,000 615,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,015 1,347
Prepayments and accrued income 3,287 3,986
Other debtors 3,000 3,000
Other taxes and social security - 146
22,302 8,479
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,590 17,113
Corporation tax 38,497 52,672
Other taxes and social security 1,096 -
VAT 18,338 18,502
Pension 258 361
Accruals and deferred income 360 194
Director's loan account 15,468 12,013
96,607 100,855
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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