Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03159651 Mr Keith Willis Mrs Carly Simmons Mr Keith Willis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03159651 2023-04-30 03159651 2024-04-30 03159651 2023-05-01 2024-04-30 03159651 frs-core:CurrentFinancialInstruments 2024-04-30 03159651 frs-core:Non-currentFinancialInstruments 2024-04-30 03159651 frs-core:ComputerEquipment 2023-05-01 2024-04-30 03159651 frs-core:FurnitureFittings 2024-04-30 03159651 frs-core:FurnitureFittings 2023-05-01 2024-04-30 03159651 frs-core:FurnitureFittings 2023-04-30 03159651 frs-core:MotorVehicles 2024-04-30 03159651 frs-core:MotorVehicles 2023-05-01 2024-04-30 03159651 frs-core:MotorVehicles 2023-04-30 03159651 frs-core:ShareCapital 2024-04-30 03159651 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03159651 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03159651 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03159651 frs-bus:SmallEntities 2023-05-01 2024-04-30 03159651 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03159651 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03159651 frs-bus:Director1 2023-05-01 2024-04-30 03159651 frs-bus:Director2 2023-05-01 2024-04-30 03159651 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03159651 frs-countries:EnglandWales 2023-05-01 2024-04-30 03159651 2022-04-30 03159651 2023-04-30 03159651 2022-05-01 2023-04-30 03159651 frs-core:CurrentFinancialInstruments 2023-04-30 03159651 frs-core:Non-currentFinancialInstruments 2023-04-30 03159651 frs-core:WithinOneYear 2023-04-30 03159651 frs-core:ShareCapital 2023-04-30 03159651 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03159651
Keith Willis Associates Limited
Financial Statements
For The Year Ended 30 April 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03159651
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,913 70,102
55,913 70,102
CURRENT ASSETS
Debtors 5 161,291 149,017
Cash at bank and in hand 176,802 168,005
338,093 317,022
Creditors: Amounts Falling Due Within One Year 6 (207,678 ) (212,039 )
NET CURRENT ASSETS (LIABILITIES) 130,415 104,983
TOTAL ASSETS LESS CURRENT LIABILITIES 186,328 175,085
Creditors: Amounts Falling Due After More Than One Year 7 (29,669 ) (35,028 )
NET ASSETS 156,659 140,057
CAPITAL AND RESERVES
Called up share capital 9 10,100 10,100
Profit and Loss Account 146,559 129,957
SHAREHOLDERS' FUNDS 156,659 140,057
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 Keith Willis
Director
31 July 2024
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
Keith Willis Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03159651 . The registered office is Gothic House 3rd Floor, Barker Gate, Nottingham, NG1 1JU.
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.
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:
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 10% Straight line
Computer Equipment 33% Straight line
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 56,014 99,971 155,985
Additions - 611 611
As at 30 April 2024 56,014 100,582 156,596
Depreciation
As at 1 May 2023 32,383 53,500 85,883
Provided during the period 3,446 11,354 14,800
As at 30 April 2024 35,829 64,854 100,683
Net Book Value
As at 30 April 2024 20,185 35,728 55,913
As at 1 May 2023 23,631 46,471 70,102
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 118,251 126,687
Prepayments and accrued income 21,540 20,632
Other debtors 1,500 1,698
Directors' loan accounts 20,000 -
161,291 149,017
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 23,230
Trade creditors 16,819 26,840
Bank loans and overdrafts 5,225 5,121
Other creditors 111,530 99,998
Taxation and social security 74,104 56,850
207,678 212,039
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,669 35,028
29,669 35,028
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 23,230
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,100 10,100
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