Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2022 15 July 2021 false 1 August 2022 31 July 2023 31 July 2023 13512952 Mr Christopher James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13512952 2022-07-31 13512952 2023-07-31 13512952 2022-08-01 2023-07-31 13512952 frs-core:CurrentFinancialInstruments 2023-07-31 13512952 frs-core:Non-currentFinancialInstruments 2023-07-31 13512952 frs-core:ShareCapital 2023-07-31 13512952 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13512952 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13512952 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 13512952 frs-bus:SmallEntities 2022-08-01 2023-07-31 13512952 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13512952 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13512952 frs-bus:Director1 2022-08-01 2023-07-31 13512952 frs-bus:Director1 2022-07-31 13512952 frs-bus:Director1 2023-07-31 13512952 frs-countries:EnglandWales 2022-08-01 2023-07-31 13512952 2021-07-14 13512952 2022-07-31 13512952 2021-07-15 2022-07-31 13512952 frs-core:CurrentFinancialInstruments 2022-07-31 13512952 frs-core:Non-currentFinancialInstruments 2022-07-31 13512952 frs-core:ShareCapital 2022-07-31 13512952 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 13512952
Shearwater Advisers Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
More Than Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13512952
31 July 2023 31 July 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 110,107 91,675
Cash at bank and in hand 2,052 7,055
112,159 98,730
Creditors: Amounts Falling Due Within One Year 5 (77,921 ) (8,805 )
NET CURRENT ASSETS (LIABILITIES) 34,238 89,925
TOTAL ASSETS LESS CURRENT LIABILITIES 34,238 89,925
Creditors: Amounts Falling Due After More Than One Year 6 (125,000 ) (125,000 )
NET LIABILITIES (90,762 ) (35,075 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (90,862 ) (35,175 )
SHAREHOLDERS' FUNDS (90,762) (35,075)
For the year ending 31 July 2023 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 Christopher James
Director
06/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Shearwater Advisers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13512952 . The registered office is Ground Floor, Nautica House, Waters Meeting Road, Bolton, BL1 8SW.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
31 July 2023 31 July 2022
£ £
Due within one year
Other debtors 110,107 91,675
5. Creditors: Amounts Falling Due Within One Year
31 July 2023 31 July 2022
£ £
Trade creditors (1 ) 8,211
Other creditors 77,922 594
77,921 8,805
6. Creditors: Amounts Falling Due After More Than One Year
31 July 2023 31 July 2022
£ £
Other loans 125,000 125,000
Page 2
Page 3
7. Share Capital
31 July 2023 31 July 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Christopher James 33,665 25,724 - 59,389 -
The above loan is unsecured, interest free and repayable on demand.
Page 3