Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 April 2022 false 1 July 2023 30 June 2024 30 June 2024 08951574 Mr John Corney Mr James Avery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08951574 2023-06-30 08951574 2024-06-30 08951574 2023-07-01 2024-06-30 08951574 frs-core:CurrentFinancialInstruments 2024-06-30 08951574 frs-core:Non-currentFinancialInstruments 2024-06-30 08951574 frs-core:ComputerEquipment 2024-06-30 08951574 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08951574 frs-core:ComputerEquipment 2023-06-30 08951574 frs-core:NetGoodwill 2024-06-30 08951574 frs-core:NetGoodwill 2023-07-01 2024-06-30 08951574 frs-core:NetGoodwill 2023-06-30 08951574 frs-core:PlantMachinery 2024-06-30 08951574 frs-core:PlantMachinery 2023-07-01 2024-06-30 08951574 frs-core:PlantMachinery 2023-06-30 08951574 frs-core:ShareCapital 2024-06-30 08951574 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08951574 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08951574 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08951574 frs-bus:SmallEntities 2023-07-01 2024-06-30 08951574 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08951574 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08951574 frs-bus:Director1 2023-07-01 2024-06-30 08951574 frs-bus:Director2 2023-07-01 2024-06-30 08951574 frs-countries:EnglandWales 2023-07-01 2024-06-30 08951574 2022-03-31 08951574 2023-06-30 08951574 2022-04-01 2023-06-30 08951574 frs-core:CurrentFinancialInstruments 2023-06-30 08951574 frs-core:Non-currentFinancialInstruments 2023-06-30 08951574 frs-core:ShareCapital 2023-06-30 08951574 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Bevan Wilson Ltd
Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
133 Station Road
Sidcup
DA15 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08951574
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 63,333 76,667
Tangible Assets 5 6,319 176
69,652 76,843
CURRENT ASSETS
Stocks 6 1,172 2,668
Debtors 7 58,422 70,623
Cash at bank and in hand 3,575 9,281
63,169 82,572
Creditors: Amounts Falling Due Within One Year 8 (89,354 ) (90,620 )
NET CURRENT ASSETS (LIABILITIES) (26,185 ) (8,048 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,467 68,795
Creditors: Amounts Falling Due After More Than One Year 9 (25,316 ) (23,663 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,234 ) (101 )
NET ASSETS 16,917 45,031
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 16,916 45,030
SHAREHOLDERS' FUNDS 16,917 45,031
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 John Corney
Director
18 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bevan Wilson Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08951574 . The registered office is 113 Collingwood Crescent Boxgrove, Guildford, Surrey, GU1 2PF.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. Due to the financial position of the company, the validity of this basis is conditional on the support of the companys directors and shareholders. 
On this basis, the directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of their support.
2.3. 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.
2.4. 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 15 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:
Plant & Machinery 10% Straight line
Computer Equipment 25% Straight line
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2.6. 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.
2.7. 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
£
Cost
As at 1 July 2023 200,000
As at 30 June 2024 200,000
Amortisation
As at 1 July 2023 123,333
Provided during the period 13,334
As at 30 June 2024 136,667
...CONTINUED
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Net Book Value
As at 30 June 2024 63,333
As at 1 July 2023 76,667
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 3,466 7,689 11,155
Additions 6,360 794 7,154
As at 30 June 2024 9,826 8,483 18,309
Depreciation
As at 1 July 2023 3,466 7,513 10,979
Provided during the period 636 375 1,011
As at 30 June 2024 4,102 7,888 11,990
Net Book Value
As at 30 June 2024 5,724 595 6,319
As at 1 July 2023 - 176 176
6. Stocks
30 June 2024 30 June 2023
£ £
Stock 1,172 2,668
7. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 14,030 14,995
Other debtors 40,295 55,628
54,325 70,623
Due after more than one year
Other debtors 4,097 -
58,422 70,623
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8. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 1,325 1,857
Bank loans and overdrafts 5,000 11,652
Amounts owed to group undertakings 16,182 7,000
Other creditors 66,847 62,925
Taxation and social security - 7,186
89,354 90,620
9. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Bank loans 25,316 23,663
10. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 1 1
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