Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07580462 Mr Marc Biles Mrs Tara Mussell Mrs Dorota Cook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07580462 2023-04-30 07580462 2024-04-30 07580462 2023-05-01 2024-04-30 07580462 frs-core:CurrentFinancialInstruments 2024-04-30 07580462 frs-core:Non-currentFinancialInstruments 2024-04-30 07580462 frs-core:NetGoodwill 2024-04-30 07580462 frs-core:NetGoodwill 2023-05-01 2024-04-30 07580462 frs-core:NetGoodwill 2023-04-30 07580462 frs-core:ShareCapital 2024-04-30 07580462 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07580462 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07580462 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07580462 frs-bus:SmallEntities 2023-05-01 2024-04-30 07580462 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07580462 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07580462 frs-bus:Director1 2023-05-01 2024-04-30 07580462 frs-bus:Director2 2023-05-01 2024-04-30 07580462 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 07580462 frs-countries:EnglandWales 2023-05-01 2024-04-30 07580462 2022-04-30 07580462 2023-04-30 07580462 2022-05-01 2023-04-30 07580462 frs-core:CurrentFinancialInstruments 2023-04-30 07580462 frs-core:Non-currentFinancialInstruments 2023-04-30 07580462 frs-core:ShareCapital 2023-04-30 07580462 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07580462
Choose Wisely Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Avencia Tax and Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07580462
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 505,667 580,930
Cash at bank and in hand 57,445 67,564
563,112 648,494
Creditors: Amounts Falling Due Within One Year 6 (270,322 ) (173,555 )
NET CURRENT ASSETS (LIABILITIES) 292,790 474,939
TOTAL ASSETS LESS CURRENT LIABILITIES 292,790 474,939
Creditors: Amounts Falling Due After More Than One Year 7 (94,318 ) (175,876 )
NET ASSETS 198,472 299,063
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 198,372 298,963
SHAREHOLDERS' FUNDS 198,472 299,063
Page 1
Page 2
For the year ending 30 April 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 Marc Biles
Director
17/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Choose Wisely Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07580462 . The registered office is This Workspace, 18 Albert Road, Bournemouth, Dorset, BH1 1BZ.
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 5 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 220,491
As at 30 April 2024 220,491
Amortisation
As at 1 May 2023 220,491
As at 30 April 2024 220,491
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 138,686 133,689
Prepayments and accrued income 49,011 15,943
VAT - 2,085
187,697 151,717
Due after more than one year
Amounts owed by group undertakings 316,935 428,283
Amounts owed by associates 1,035 930
317,970 429,213
505,667 580,930
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,684 69,858
Bank loans and overdrafts 75,455 75,455
VAT 248 -
Accruals and deferred income 107,935 28,242
270,322 173,555
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 94,318 169,773
Amounts owed to group undertakings - 6,103
94,318 175,876
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 169,773 245,227
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4