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 07893126 Mr Michael Corcoran Miss Louisa Corcoran Mr Dominic Corcoran Michael Corcoran, Dominic Corcoran and Louisa Corcoran false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07893126 2023-06-30 07893126 2024-06-30 07893126 2023-07-01 2024-06-30 07893126 frs-core:CurrentFinancialInstruments 2024-06-30 07893126 frs-core:Non-currentFinancialInstruments 2024-06-30 07893126 frs-core:ComputerEquipment 2024-06-30 07893126 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07893126 frs-core:ComputerEquipment 2023-06-30 07893126 frs-core:FurnitureFittings 2024-06-30 07893126 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07893126 frs-core:FurnitureFittings 2023-06-30 07893126 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 07893126 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07893126 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 07893126 frs-core:ShareCapital 2024-06-30 07893126 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07893126 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07893126 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07893126 frs-bus:SmallEntities 2023-07-01 2024-06-30 07893126 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07893126 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07893126 1 2023-07-01 2024-06-30 07893126 frs-bus:Director1 2023-07-01 2024-06-30 07893126 frs-bus:Director2 2023-07-01 2024-06-30 07893126 frs-bus:Director3 2023-07-01 2024-06-30 07893126 frs-countries:EnglandWales 2023-07-01 2024-06-30 07893126 2022-06-30 07893126 2023-06-30 07893126 2022-07-01 2023-06-30 07893126 frs-core:CurrentFinancialInstruments 2023-06-30 07893126 frs-core:Non-currentFinancialInstruments 2023-06-30 07893126 frs-core:ShareCapital 2023-06-30 07893126 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07893126
Wessex Credit Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Davey Accounting Services
11 Abrahams Close
Trowbridge
Wiltshire
BA14 0ND
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07893126
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 179,562 183,459
179,562 183,459
CURRENT ASSETS
Debtors 5 166,035 180,164
Cash at bank and in hand 112,946 43,955
278,981 224,119
Creditors: Amounts Falling Due Within One Year 6 (8,122 ) (2,504 )
NET CURRENT ASSETS (LIABILITIES) 270,859 221,615
TOTAL ASSETS LESS CURRENT LIABILITIES 450,421 405,074
Creditors: Amounts Falling Due After More Than One Year 7 (22,258 ) (2,757 )
NET ASSETS 428,163 402,317
CAPITAL AND RESERVES
Called up share capital 8 12 12
Profit and Loss Account 428,151 402,305
SHAREHOLDERS' FUNDS 428,163 402,317
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
Miss Louisa Corcoran
Director
5th March 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
Wessex Credit Ltd Registered number 07893126 is a limited by shares company incorporated in England & Wales. The Registered Office is 3 Old Farm Road, West Ashton, Trowbridge, Wiltshire, BA14 6FP.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 2% Straight Line
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 186,000 637 2,180 188,817
As at 30 June 2024 186,000 637 2,180 188,817
Depreciation
As at 1 July 2023 3,720 158 1,480 5,358
Provided during the period 3,720 72 105 3,897
As at 30 June 2024 7,440 230 1,585 9,255
Net Book Value
As at 30 June 2024 178,560 407 595 179,562
As at 1 July 2023 182,280 479 700 183,459
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 166,221 178,388
Deferred tax current asset (190) (224)
166,031 178,164
Due after more than one year
Directors loan account 4 2,000
166,035 180,164
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 7,672 2,084
Accruals and deferred income 450 420
8,122 2,504
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 22,258 2,757
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
9. Controlling Party
The company's controlling parties are Michael Corcoran, Dominic Corcoran and Louisa Corcoran  
Page 5