Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06382322 Mr Steven Moore true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06382322 2023-08-31 06382322 2024-08-31 06382322 2023-09-01 2024-08-31 06382322 frs-core:CurrentFinancialInstruments 2024-08-31 06382322 frs-core:Non-currentFinancialInstruments 2024-08-31 06382322 frs-core:FurnitureFittings 2024-08-31 06382322 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06382322 frs-core:FurnitureFittings 2023-08-31 06382322 frs-core:MotorVehicles 2024-08-31 06382322 frs-core:MotorVehicles 2023-09-01 2024-08-31 06382322 frs-core:MotorVehicles 2023-08-31 06382322 frs-core:PlantMachinery 2024-08-31 06382322 frs-core:PlantMachinery 2023-09-01 2024-08-31 06382322 frs-core:PlantMachinery 2023-08-31 06382322 frs-core:ShareCapital 2024-08-31 06382322 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06382322 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06382322 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06382322 frs-bus:SmallEntities 2023-09-01 2024-08-31 06382322 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06382322 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06382322 1 2023-09-01 2024-08-31 06382322 frs-bus:Director1 2023-09-01 2024-08-31 06382322 frs-countries:EnglandWales 2023-09-01 2024-08-31 06382322 2022-08-31 06382322 2023-08-31 06382322 2022-09-01 2023-08-31 06382322 frs-core:CurrentFinancialInstruments 2023-08-31 06382322 frs-core:Non-currentFinancialInstruments 2023-08-31 06382322 frs-core:ShareCapital 2023-08-31 06382322 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06382322
Wet Auditors Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06382322
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,497 43,316
35,497 43,316
CURRENT ASSETS
Stocks 5 36,500 10,000
Debtors 6 75,181 350,117
Cash at bank and in hand 27,624 81,439
139,305 441,556
Creditors: Amounts Falling Due Within One Year 7 (89,529 ) (120,181 )
NET CURRENT ASSETS (LIABILITIES) 49,776 321,375
TOTAL ASSETS LESS CURRENT LIABILITIES 85,273 364,691
Creditors: Amounts Falling Due After More Than One Year 8 (8,571 ) (19,617 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,546 ) (10,395 )
NET ASSETS 68,156 334,679
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 68,154 334,677
SHAREHOLDERS' FUNDS 68,156 334,679
Page 1
Page 2
For the year ending 31 August 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
Mr Steven Moore
Director
29 January 2025
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
Wet Auditors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06382322 . The registered office is C/O Sempar, Unit 3, Riverside 2, Campbell Road, Stoke-on-Trent , Staffordshire, ST4 4RJ.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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.
2.5. 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.
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 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.
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
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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 asset reflects 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.
2.7. 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: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 44,352 37,034 4,350 85,736
Additions - 4,163 - 4,163
As at 31 August 2024 44,352 41,197 4,350 89,899
Depreciation
As at 1 September 2023 18,449 20,997 2,974 42,420
Provided during the period 6,474 5,050 458 11,982
As at 31 August 2024 24,923 26,047 3,432 54,402
Net Book Value
As at 31 August 2024 19,429 15,150 918 35,497
As at 1 September 2023 25,903 16,037 1,376 43,316
5. Stocks
2024 2023
£ £
Materials 10,000 10,000
Work in progress 26,500 -
36,500 10,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,114 285,146
Prepayments and accrued income 2,136 2,136
Other debtors 20,419 22,103
Corporation tax recoverable assets 10,621 -
Other taxes and social security 4,891 3,722
Amounts owed by group undertakings - 37,010
75,181 350,117
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,023 18,959
Bank loans and overdrafts 10,364 10,146
Corporation tax 3,500 32,931
VAT 5,732 43,783
Other creditors 477 8,456
Accruals and deferred income 1,361 4,846
Director's loan account 1,968 1,060
Amounts owed to group undertakings 48,104 -
89,529 120,181
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,571 19,617
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 18,936 29,763
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
Included in creditors due within one year is a balance of £48,104 due to the parent (2023: 37,010 debtor). 
Dividends paid to Parent £215,000 (2023: £215,000)
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Reflection Properties Limited . Reflection Properties Limited was incorporated in England and Wales. The ultimate controlling party is Steven Moore.
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