Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11244158 Mr D B Gardner Mr P Roscoe Mrs R Gardner Mrs J Roscoe Mr P Roscoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11244158 2023-05-31 11244158 2024-05-31 11244158 2023-06-01 2024-05-31 11244158 frs-core:CurrentFinancialInstruments 2024-05-31 11244158 frs-core:Non-currentFinancialInstruments 2024-05-31 11244158 frs-core:BetweenOneFiveYears 2024-05-31 11244158 frs-core:MotorVehicles 2024-05-31 11244158 frs-core:MotorVehicles 2023-06-01 2024-05-31 11244158 frs-core:MotorVehicles 2023-05-31 11244158 frs-core:PlantMachinery 2024-05-31 11244158 frs-core:PlantMachinery 2023-06-01 2024-05-31 11244158 frs-core:PlantMachinery 2023-05-31 11244158 frs-core:WithinOneYear 2024-05-31 11244158 frs-core:ShareCapital 2024-05-31 11244158 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11244158 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11244158 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11244158 frs-bus:SmallEntities 2023-06-01 2024-05-31 11244158 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11244158 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11244158 frs-bus:Director1 2023-06-01 2024-05-31 11244158 frs-bus:Director2 2023-06-01 2024-05-31 11244158 frs-bus:Director3 2023-06-01 2024-05-31 11244158 frs-bus:Director4 2023-06-01 2024-05-31 11244158 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11244158 frs-countries:EnglandWales 2023-06-01 2024-05-31 11244158 2022-05-31 11244158 2023-05-31 11244158 2022-06-01 2023-05-31 11244158 frs-core:CurrentFinancialInstruments 2023-05-31 11244158 frs-core:Non-currentFinancialInstruments 2023-05-31 11244158 frs-core:BetweenOneFiveYears 2023-05-31 11244158 frs-core:MoreThanFiveYears 2023-05-31 11244158 frs-core:WithinOneYear 2023-05-31 11244158 frs-core:ShareCapital 2023-05-31 11244158 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11244158
Whichrate Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11244158
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 142,773 177,393
142,773 177,393
CURRENT ASSETS
Debtors 5 3,756,204 3,197,309
Cash at bank and in hand 953,433 1,221,347
4,709,637 4,418,656
Creditors: Amounts Falling Due Within One Year 6 (882,485 ) (793,016 )
NET CURRENT ASSETS (LIABILITIES) 3,827,152 3,625,640
TOTAL ASSETS LESS CURRENT LIABILITIES 3,969,925 3,803,033
Creditors: Amounts Falling Due After More Than One Year 7 (58,858 ) (75,137 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,939 ) (43,428 )
NET ASSETS 3,876,128 3,684,468
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 3,876,127 3,684,467
SHAREHOLDERS' FUNDS 3,876,128 3,684,468
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
Mr P Roscoe
Director
25 February 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
Whichrate Consulting Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
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 probisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of geographical vehicle hire rate services is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to costs incurred for work performed to date, against the total estimated contract costs.
When the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% Straight line basis
Motor Vehicles 25% Straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset.  The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assesments in periods different from those in which they aare 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 67 (2023: 66)
67 66
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 153,608 102,119 255,727
Additions 23,222 - 23,222
As at 31 May 2024 176,830 102,119 278,949
Depreciation
As at 1 June 2023 74,079 4,255 78,334
Provided during the period 33,376 24,466 57,842
As at 31 May 2024 107,455 28,721 136,176
Net Book Value
As at 31 May 2024 69,375 73,398 142,773
As at 1 June 2023 79,529 97,864 177,393
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,664,256 1,668,672
Prepayments and accrued income 73,712 37,794
Other debtors 7,413 7,362
Amounts owed by group undertakings 2,010,823 1,483,481
3,756,204 3,197,309
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,279 16,279
Trade creditors 21,492 34,896
Corporation tax 270,419 200,986
Other taxes and social security 29,047 35,994
VAT 183,090 146,654
Other creditors 6,860 2,965
Accruals and deferred income 64,966 64,645
Amounts owed to group undertakings 290,332 290,597
882,485 793,016
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 58,858 75,137
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,279 16,279
Later than one year and not later than five years 58,858 65,117
Later than five years - 10,020
75,137 91,416
75,137 91,416
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 31,391 44,546
Later than one year and not later than five years - 31,391
31,391 75,937
Page 5