Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03781375 Mrs Nicola Westwood Mr Roger Westwood Mrs Nicola Westwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03781375 2023-06-30 03781375 2024-06-30 03781375 2023-07-01 2024-06-30 03781375 frs-core:CurrentFinancialInstruments 2024-06-30 03781375 frs-core:Non-currentFinancialInstruments 2024-06-30 03781375 frs-core:ComputerEquipment 2024-06-30 03781375 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03781375 frs-core:ComputerEquipment 2023-06-30 03781375 frs-core:FurnitureFittings 2024-06-30 03781375 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03781375 frs-core:FurnitureFittings 2023-06-30 03781375 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 03781375 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03781375 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 03781375 frs-core:MotorVehicles 2024-06-30 03781375 frs-core:MotorVehicles 2023-07-01 2024-06-30 03781375 frs-core:MotorVehicles 2023-06-30 03781375 frs-core:PlantMachinery 2024-06-30 03781375 frs-core:PlantMachinery 2023-07-01 2024-06-30 03781375 frs-core:PlantMachinery 2023-06-30 03781375 frs-core:ShareCapital 2024-06-30 03781375 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03781375 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03781375 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03781375 frs-bus:SmallEntities 2023-07-01 2024-06-30 03781375 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03781375 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03781375 frs-bus:Director1 2023-07-01 2024-06-30 03781375 frs-bus:Director2 2023-07-01 2024-06-30 03781375 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03781375 frs-countries:EnglandWales 2023-07-01 2024-06-30 03781375 2022-06-30 03781375 2023-06-30 03781375 2022-07-01 2023-06-30 03781375 frs-core:CurrentFinancialInstruments 2023-06-30 03781375 frs-core:Non-currentFinancialInstruments 2023-06-30 03781375 frs-core:ShareCapital 2023-06-30 03781375 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Westwood Plant Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03781375
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 430,962 450,961
430,962 450,961
CURRENT ASSETS
Stocks 5 21,976 19,043
Debtors 6 319,563 218,496
Cash at bank and in hand 2,562 16,318
344,101 253,857
Creditors: Amounts Falling Due Within One Year 7 (509,556 ) (381,112 )
NET CURRENT ASSETS (LIABILITIES) (165,455 ) (127,255 )
TOTAL ASSETS LESS CURRENT LIABILITIES 265,507 323,706
Creditors: Amounts Falling Due After More Than One Year 8 (279,987 ) (303,481 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (8,114 ) -
NET (LIABILITIES)/ASSETS (22,594 ) 20,225
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (22,596 ) 20,223
SHAREHOLDERS' FUNDS (22,594) 20,225
Page 1
Page 2
For the year ending 30 June 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 Roger Westwood
Director
26 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
Westwood Plant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03781375 . The registered office is Royals Farm, Watling Street, Cannock, Staffordshire, WS11 1SG.
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:
Freehold Nil
Plant & Machinery 10% On Cost, 20% On Cost
Motor Vehicles 20% On Cost
Fixtures & Fittings 25% On Cost
Computer Equipment 33% On Cost
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.
2.5. 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 years 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.
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 assets reflect 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 388,256 126,673 82,950 31,487
Additions - 1,376 - -
As at 30 June 2024 388,256 128,049 82,950 31,487
Depreciation
As at 1 July 2023 - 125,358 28,604 24,519
Provided during the period - 1,420 14,570 5,443
As at 30 June 2024 - 126,778 43,174 29,962
Net Book Value
As at 30 June 2024 388,256 1,271 39,776 1,525
As at 1 July 2023 388,256 1,315 54,346 6,968
Computer Equipment Total
£ £
Cost
As at 1 July 2023 4,196 633,562
Additions 119 1,495
As at 30 June 2024 4,315 635,057
Depreciation
As at 1 July 2023 4,120 182,601
Provided during the period 61 21,494
As at 30 June 2024 4,181 204,095
Net Book Value
As at 30 June 2024 134 430,962
As at 1 July 2023 76 450,961
5. Stocks
2024 2023
£ £
Stock 21,976 19,043
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 308,486 213,687
Prepayments and accrued income 11,077 4,809
319,563 218,496
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,098 28,948
Bank loans and overdrafts 22,840 22,187
PAYE Control 1,415 1,237
VAT 751 19,949
Net wages 3,283 -
Other creditors 343,850 132,850
Accruals and deferred income 2,530 2,300
Directors' loan accounts 112,789 173,641
509,556 381,112
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 279,987 303,481
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 8,114 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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