Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12675403 Mr Charles Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12675403 2023-03-31 12675403 2024-03-31 12675403 2023-04-01 2024-03-31 12675403 frs-core:CurrentFinancialInstruments 2024-03-31 12675403 frs-core:Non-currentFinancialInstruments 2024-03-31 12675403 frs-core:ComputerEquipment 2024-03-31 12675403 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12675403 frs-core:ComputerEquipment 2023-03-31 12675403 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 12675403 frs-core:FurnitureFittings 2024-03-31 12675403 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12675403 frs-core:FurnitureFittings 2023-03-31 12675403 frs-core:NetGoodwill 2024-03-31 12675403 frs-core:NetGoodwill 2023-04-01 2024-03-31 12675403 frs-core:NetGoodwill 2023-03-31 12675403 frs-core:OtherResidualIntangibleAssets 2024-03-31 12675403 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 12675403 frs-core:OtherResidualIntangibleAssets 2023-03-31 12675403 frs-core:WithinOneYear 2024-03-31 12675403 frs-core:ShareCapital 2024-03-31 12675403 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12675403 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12675403 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12675403 frs-bus:SmallEntities 2023-04-01 2024-03-31 12675403 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12675403 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12675403 frs-bus:Director1 2023-04-01 2024-03-31 12675403 frs-countries:EnglandWales 2023-04-01 2024-03-31 12675403 2022-03-31 12675403 2023-03-31 12675403 2022-04-01 2023-03-31 12675403 frs-core:CurrentFinancialInstruments 2023-03-31 12675403 frs-core:Non-currentFinancialInstruments 2023-03-31 12675403 frs-core:WithinOneYear 2023-03-31 12675403 frs-core:ShareCapital 2023-03-31 12675403 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12675403
Charles Walker Associates (Beds) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12675403
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,871 111,577
Tangible Assets 5 50,372 19,830
151,243 131,407
CURRENT ASSETS
Debtors 6 40,519 10,441
Cash at bank and in hand 23,372 16,238
63,891 26,679
Creditors: Amounts Falling Due Within One Year 7 (134,305 ) (61,632 )
NET CURRENT ASSETS (LIABILITIES) (70,414 ) (34,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES 80,829 96,454
Creditors: Amounts Falling Due After More Than One Year 8 (71,861 ) (137,083 )
NET ASSETS/(LIABILITIES) 8,968 (40,629 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 8,967 (40,630 )
SHAREHOLDERS' FUNDS 8,968 (40,629)
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Charles Walker
Director
17/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Charles Walker Associates (Beds) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12675403 . The registered office is C/O TaxAssist Accountants, 5a Market Arcade, Bedford, Bedfordshire, MK40 1NS.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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 Straight Line
Computer Equipment Reducing Balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill Other Intangible Assets Total
£ £ £
Cost
As at 1 April 2023 153,093 4,500 157,593
As at 31 March 2024 153,093 4,500 157,593
Amortisation
As at 1 April 2023 43,916 2,100 46,016
Provided during the period 10,206 500 10,706
As at 31 March 2024 54,122 2,600 56,722
Net Book Value
As at 31 March 2024 98,971 1,900 100,871
As at 1 April 2023 109,177 2,400 111,577
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 42,320 - 42,320
Additions 42,502 623 43,125
As at 31 March 2024 84,822 623 85,445
Depreciation
As at 1 April 2023 22,490 - 22,490
Provided during the period 12,473 110 12,583
As at 31 March 2024 34,963 110 35,073
Net Book Value
As at 31 March 2024 49,859 513 50,372
As at 1 April 2023 19,830 - 19,830
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,679 7,601
Prepayments and accrued income 2,840 2,840
40,519 10,441
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,878 -
Trade creditors (1 ) -
Bank loans and overdrafts 73,114 20,590
Corporation tax 6,844 -
Other taxes and social security 2,964 -
VAT 25,131 15,771
Other creditors - 15,304
Director's loan account 375 9,967
134,305 61,632
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 71,861 137,083
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,878 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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