Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03984860 Mrs Angela Peel Mr Kevin Peel Mr Kevin Peel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03984860 2023-05-31 03984860 2024-05-31 03984860 2023-06-01 2024-05-31 03984860 frs-core:ComputerEquipment 2024-05-31 03984860 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03984860 frs-core:ComputerEquipment 2023-05-31 03984860 frs-core:FurnitureFittings 2024-05-31 03984860 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03984860 frs-core:FurnitureFittings 2023-05-31 03984860 frs-core:PlantMachinery 2024-05-31 03984860 frs-core:PlantMachinery 2023-06-01 2024-05-31 03984860 frs-core:PlantMachinery 2023-05-31 03984860 frs-core:ShareCapital 2024-05-31 03984860 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03984860 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03984860 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03984860 frs-bus:SmallEntities 2023-06-01 2024-05-31 03984860 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03984860 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03984860 frs-bus:Director1 2023-06-01 2024-05-31 03984860 frs-bus:Director2 2023-06-01 2024-05-31 03984860 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03984860 frs-countries:EnglandWales 2023-06-01 2024-05-31 03984860 2022-05-31 03984860 2023-05-31 03984860 2022-06-01 2023-05-31 03984860 frs-core:ShareCapital 2023-05-31 03984860 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03984860
KWP Associates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03984860
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 602 276
602 276
CURRENT ASSETS
Cash at bank and in hand 26,914 37,150
26,914 37,150
Creditors: Amounts Falling Due Within One Year 5 (24,095 ) (20,264 )
NET CURRENT ASSETS (LIABILITIES) 2,819 16,886
TOTAL ASSETS LESS CURRENT LIABILITIES 3,421 17,162
NET ASSETS 3,421 17,162
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 3,419 17,160
SHAREHOLDERS' FUNDS 3,421 17,162
Page 1
Page 2
For the year ending 31 May 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 Angela Peel
Director
28/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KWP Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03984860 . The registered office is Meadow Barn, 7 Church Close, Todber, Sturminster Newton, Dorset, DT10 1JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised for the provision of services as the contractual activity progresses.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 33% on cost
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 18,121 - 1,297 19,418
Additions - 648 - 648
As at 31 May 2024 18,121 648 1,297 20,066
Depreciation
As at 1 June 2023 18,121 - 1,021 19,142
Provided during the period - 216 106 322
As at 31 May 2024 18,121 216 1,127 19,464
Net Book Value
As at 31 May 2024 - 432 170 602
As at 1 June 2023 - - 276 276
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 24,095 20,264
6. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4