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 09028076 Mrs Cheryl Greenwood Mr Andrew Greenwood Mrs Cheryl Greenwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09028076 2023-04-30 09028076 2024-04-30 09028076 2023-05-01 2024-04-30 09028076 frs-core:CurrentFinancialInstruments 2024-04-30 09028076 frs-core:ComputerEquipment 2024-04-30 09028076 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09028076 frs-core:ComputerEquipment 2023-04-30 09028076 frs-core:FurnitureFittings 2024-04-30 09028076 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09028076 frs-core:FurnitureFittings 2023-04-30 09028076 frs-core:NetGoodwill 2024-04-30 09028076 frs-core:NetGoodwill 2023-05-01 2024-04-30 09028076 frs-core:NetGoodwill 2023-04-30 09028076 frs-core:MotorVehicles 2024-04-30 09028076 frs-core:MotorVehicles 2023-05-01 2024-04-30 09028076 frs-core:MotorVehicles 2023-04-30 09028076 frs-core:ShareCapital 2024-04-30 09028076 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09028076 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09028076 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09028076 frs-bus:SmallEntities 2023-05-01 2024-04-30 09028076 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09028076 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09028076 frs-bus:Director1 2023-05-01 2024-04-30 09028076 frs-bus:Director2 2023-05-01 2024-04-30 09028076 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 09028076 frs-countries:EnglandWales 2023-05-01 2024-04-30 09028076 2022-04-30 09028076 2023-04-30 09028076 2022-05-01 2023-04-30 09028076 frs-core:CurrentFinancialInstruments 2023-04-30 09028076 frs-core:ShareCapital 2023-04-30 09028076 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 09028076 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 09028076
WIGHT MOUSE LTD
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09028076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 32,321 35,559
Tangible Assets 5 101,093 99,905
133,414 135,464
CURRENT ASSETS
Stocks 6 23,219 22,230
Debtors 7 77,571 11,730
Cash at bank and in hand 893,493 859,335
994,283 893,295
Creditors: Amounts Falling Due Within One Year 8 (176,795 ) (162,971 )
NET CURRENT ASSETS (LIABILITIES) 817,488 730,324
TOTAL ASSETS LESS CURRENT LIABILITIES 950,902 865,788
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,052 ) (18,982 )
NET ASSETS 925,850 846,806
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 925,750 846,706
SHAREHOLDERS' FUNDS 925,850 846,806
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
Mrs Cheryl Greenwood
Director
30/01/2025
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
WIGHT MOUSE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09028076 . The registered office is The Wight Mouse Inn Church Place, Chale, Ventnor, Isle Of Wight, PO38 2HA.
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 20 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:
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. 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.
2.6. 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
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 51 (2023: 43)
51 43
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 64,751
As at 30 April 2024 64,751
Amortisation
As at 1 May 2023 29,192
Provided during the period 3,238
As at 30 April 2024 32,430
Net Book Value
As at 30 April 2024 32,321
As at 1 May 2023 35,559
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 142,125 108,985 - 251,110
Additions - 26,723 583 27,306
As at 30 April 2024 142,125 135,708 583 278,416
Depreciation
As at 1 May 2023 45,832 105,373 - 151,205
Provided during the period 19,038 6,963 117 26,118
As at 30 April 2024 64,870 112,336 117 177,323
Net Book Value
As at 30 April 2024 77,255 23,372 466 101,093
As at 1 May 2023 96,293 3,612 - 99,905
6. Stocks
2024 2023
£ £
Stock 23,219 22,230
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,501 -
Prepayments and accrued income 2,975 -
Other debtors 51,960 11,730
Directors' loan accounts 10,135 -
77,571 11,730
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,076 48,613
Corporation tax 42,867 27,416
Other taxes and social security 5,666 6,307
VAT 59,018 65,781
Net wages 12,038 11,720
Other creditors (1) - 1,134
Accruals and deferred income 16,130 -
Directors' loan accounts - 2,000
176,795 162,971
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5