Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07243485 Mr Robert Weaver Mrs Linda Weaver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07243485 2023-06-30 07243485 2024-06-30 07243485 2023-07-01 2024-06-30 07243485 frs-core:CurrentFinancialInstruments 2024-06-30 07243485 frs-core:Non-currentFinancialInstruments 2024-06-30 07243485 frs-core:FurnitureFittings 2024-06-30 07243485 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07243485 frs-core:FurnitureFittings 2023-06-30 07243485 frs-core:NetGoodwill 2024-06-30 07243485 frs-core:NetGoodwill 2023-07-01 2024-06-30 07243485 frs-core:NetGoodwill 2023-06-30 07243485 frs-core:MotorVehicles 2024-06-30 07243485 frs-core:MotorVehicles 2023-07-01 2024-06-30 07243485 frs-core:MotorVehicles 2023-06-30 07243485 frs-core:PlantMachinery 2024-06-30 07243485 frs-core:PlantMachinery 2023-07-01 2024-06-30 07243485 frs-core:PlantMachinery 2023-06-30 07243485 frs-core:WithinOneYear 2024-06-30 07243485 frs-core:ShareCapital 2024-06-30 07243485 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07243485 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07243485 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07243485 frs-bus:SmallEntities 2023-07-01 2024-06-30 07243485 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07243485 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07243485 frs-bus:Director1 2023-07-01 2024-06-30 07243485 frs-bus:Director1 2023-06-30 07243485 frs-bus:Director1 2024-06-30 07243485 frs-bus:Director2 2023-07-01 2024-06-30 07243485 frs-countries:EnglandWales 2023-07-01 2024-06-30 07243485 2022-06-30 07243485 2023-06-30 07243485 2022-07-01 2023-06-30 07243485 frs-core:CurrentFinancialInstruments 2023-06-30 07243485 frs-core:Non-currentFinancialInstruments 2023-06-30 07243485 frs-core:BetweenOneFiveYears 2023-06-30 07243485 frs-core:WithinOneYear 2023-06-30 07243485 frs-core:ShareCapital 2023-06-30 07243485 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07243485
B W Electronics Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Grant and Co (Accountants) Ltd
Units 4 & 5 Rockfield Business Park
Old Station Drive, Leckhampton
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07243485
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 19,952 25,711
19,952 25,711
CURRENT ASSETS
Stocks 6 12,440 11,615
Debtors 7 43,980 65,258
Cash at bank and in hand 34 37
56,454 76,910
Creditors: Amounts Falling Due Within One Year 8 (52,856 ) (72,952 )
NET CURRENT ASSETS (LIABILITIES) 3,598 3,958
TOTAL ASSETS LESS CURRENT LIABILITIES 23,550 29,669
Creditors: Amounts Falling Due After More Than One Year 9 (21,097 ) (27,944 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,302 ) (1,422 )
NET ASSETS 151 303
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 51 203
SHAREHOLDERS' FUNDS 151 303
Page 1
Page 2
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 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 Robert Weaver
Director
07/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B W Electronics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07243485 . The registered office is Unit 34 Knightsbridge Business Centre, Knightsbridge Green, Cheltenham, Glos, GL51 9TA.
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 .... 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:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 33% on cost
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.
Page 3
Page 4
2.7. 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 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: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Amortisation
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 69,513 23,344 6,108 98,965
Additions - - 252 252
As at 30 June 2024 69,513 23,344 6,360 99,217
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 53,835 13,701 5,718 73,254
Provided during the period 3,126 2,411 474 6,011
As at 30 June 2024 56,961 16,112 6,192 79,265
Net Book Value
As at 30 June 2024 12,552 7,232 168 19,952
As at 1 July 2023 15,678 9,643 390 25,711
6. Stocks
2024 2023
£ £
Stock 12,440 11,615
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,339 31,159
Prepayments and accrued income 2,054 660
Corporation tax recoverable assets 8,859 10,856
Directors' loan accounts 6,728 22,583
43,980 65,258
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 323 3,873
Trade creditors 14,147 16,951
Bank loans and overdrafts 10,921 33,656
Other creditors 3,793 5,113
Taxation and social security 23,672 13,359
52,856 72,952
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 323
Bank loans 21,097 27,621
21,097 27,944
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 323 3,873
Later than one year and not later than five years - 323
323 4,196
323 4,196
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Robert Weaver 22,582 - 15,854 - 6,728
The above loan is unsecured, interest free and repayable on demand.
Page 6