Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07380196 Mr Jason Ellis Mr Paul Ellis Mrs Linda Ellis Mrs Linda Ellis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07380196 2023-09-30 07380196 2024-09-30 07380196 2023-10-01 2024-09-30 07380196 frs-core:CurrentFinancialInstruments 2024-09-30 07380196 frs-core:ComputerEquipment 2024-09-30 07380196 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07380196 frs-core:ComputerEquipment 2023-09-30 07380196 frs-core:NetGoodwill 2024-09-30 07380196 frs-core:NetGoodwill 2023-10-01 2024-09-30 07380196 frs-core:NetGoodwill 2023-09-30 07380196 frs-core:MotorVehicles 2024-09-30 07380196 frs-core:MotorVehicles 2023-10-01 2024-09-30 07380196 frs-core:MotorVehicles 2023-09-30 07380196 frs-core:PlantMachinery 2024-09-30 07380196 frs-core:PlantMachinery 2023-10-01 2024-09-30 07380196 frs-core:PlantMachinery 2023-09-30 07380196 frs-core:ShareCapital 2024-09-30 07380196 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07380196 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07380196 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07380196 frs-bus:SmallEntities 2023-10-01 2024-09-30 07380196 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07380196 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07380196 frs-bus:Director1 2023-10-01 2024-09-30 07380196 frs-bus:Director2 2023-10-01 2024-09-30 07380196 frs-bus:Director3 2023-10-01 2024-09-30 07380196 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07380196 frs-core:CurrentFinancialInstruments 1 2024-09-30 07380196 frs-countries:EnglandWales 2023-10-01 2024-09-30 07380196 2022-09-30 07380196 2023-09-30 07380196 2022-10-01 2023-09-30 07380196 frs-core:CurrentFinancialInstruments 2023-09-30 07380196 frs-core:ShareCapital 2023-09-30 07380196 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07380196 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 07380196
PW Ellis & Co Ltd
Financial Statements
For The Year Ended 30 September 2024
Stoneman Storey Ltd
Chartered Management Accountants
76 Churchfields Road
Folkingham
Sleaford
Lincolnshire
NG34 0TR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07380196
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,212 17,462
11,212 17,462
CURRENT ASSETS
Stocks 6 14,000 14,000
Debtors 7 40,992 103,345
Bank Accounts 381,275 295,753
436,267 413,098
Creditors: Amounts Falling Due Within One Year 8 (67,340 ) (63,332 )
NET CURRENT ASSETS (LIABILITIES) 368,927 349,766
TOTAL ASSETS LESS CURRENT LIABILITIES 380,139 367,228
NET ASSETS 380,139 367,228
CAPITAL AND RESERVES
Called Up Share Capital 9 100 100
Profit and Loss Account 380,039 367,128
SHAREHOLDERS' FUNDS 380,139 367,228
Page 1
Page 2
For the year ending 30 September 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 Paul Ellis
Director
27/01/2025
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
PW Ellis & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07380196 . The registered office is Kings Farm Digby Drive, North Luffenham, Oakham, Rutland, LE15 8JS.
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 .... 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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% 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
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 35,000
As at 30 September 2024 35,000
Amortisation
As at 1 October 2023 35,000
As at 30 September 2024 35,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 76,730 12,405 5,449 94,584
Additions 569 - 515 1,084
As at 30 September 2024 77,299 12,405 5,964 95,668
Depreciation
As at 1 October 2023 60,096 12,405 4,621 77,122
Provided during the period 6,841 - 493 7,334
As at 30 September 2024 66,937 12,405 5,114 84,456
Net Book Value
As at 30 September 2024 10,362 - 850 11,212
As at 1 October 2023 16,634 - 828 17,462
6. Stocks
2024 2023
£ £
Stock - Materials 14,000 14,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade Debtors 6,242 3,622
Prepayments 4,886 4,401
Directors Loan Account Debit 29,864 95,322
40,992 103,345
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation Tax 34,546 27,274
Paye 5,206 5,106
Trade Creditors 8,435 18,918
Vat 12,777 8,121
Directors Loan Account Credit 3,228 405
Accruals 3,148 3,508
67,340 63,332
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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