Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC589829 Mr Waseem Ashraf Mrs Shazia Saber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC589829 2023-02-28 SC589829 2024-02-28 SC589829 2023-03-01 2024-02-28 SC589829 frs-core:CurrentFinancialInstruments 2024-02-28 SC589829 frs-core:Non-currentFinancialInstruments 2024-02-28 SC589829 frs-core:FurnitureFittings 2024-02-28 SC589829 frs-core:FurnitureFittings 2023-03-01 2024-02-28 SC589829 frs-core:FurnitureFittings 2023-02-28 SC589829 frs-core:ShareCapital 2024-02-28 SC589829 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC589829 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC589829 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC589829 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC589829 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC589829 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC589829 frs-bus:Director1 2023-03-01 2024-02-28 SC589829 frs-bus:Director2 2023-03-01 2024-02-28 SC589829 frs-countries:Scotland 2023-03-01 2024-02-28 SC589829 2022-02-28 SC589829 2023-02-28 SC589829 2022-03-01 2023-02-28 SC589829 frs-core:CurrentFinancialInstruments 2023-02-28 SC589829 frs-core:Non-currentFinancialInstruments 2023-02-28 SC589829 frs-core:ShareCapital 2023-02-28 SC589829 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC589829
WSIE Limited
Financial Statements
For The Year Ended 28 February 2024
Longmire Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC589829
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,000 72,500
58,000 72,500
CURRENT ASSETS
Stocks 5 100,484 97,619
Debtors 6 59,021 9,407
Cash at bank and in hand 2,048 30,579
161,553 137,605
Creditors: Amounts Falling Due Within One Year 7 (146,911 ) (124,582 )
NET CURRENT ASSETS (LIABILITIES) 14,642 13,023
TOTAL ASSETS LESS CURRENT LIABILITIES 72,642 85,523
Creditors: Amounts Falling Due After More Than One Year 8 (37,095 ) (48,778 )
NET ASSETS 35,547 36,745
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 35,546 36,744
SHAREHOLDERS' FUNDS 35,547 36,745
Page 1
Page 2
For the year ending 28 February 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 Waseem Ashraf
Director
Mrs Shazia Saber
Director
12/02/2025
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
WSIE Limited is a private company, limited by shares, incorporated in Scotland, registered number SC589829 . The registered office is Summit House, 4-5 Mitchell Street, Edinburgh, EH6 7BD.
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. 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:
Fixtures & Fittings 10 Years Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 145,000
As at 28 February 2024 145,000
Depreciation
As at 1 March 2023 72,500
Provided during the period 14,500
As at 28 February 2024 87,000
Net Book Value
As at 28 February 2024 58,000
As at 1 March 2023 72,500
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5. Stocks
2024 2023
£ £
Finished goods 100,484 97,619
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,307 -
Other debtors 51,714 9,407
59,021 9,407
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,989 26,700
Other taxes and social security 55,921 44,014
VAT 52,714 49,334
Other creditors 5,287 4,534
146,911 124,582
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,095 48,778
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4