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 08584586 Mr David Marshall Mrs Khiloni Shah Mrs Khiloni Shah true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08584586 2023-06-30 08584586 2024-06-30 08584586 2023-07-01 2024-06-30 08584586 frs-core:CurrentFinancialInstruments 2024-06-30 08584586 frs-core:ComputerEquipment 2024-06-30 08584586 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08584586 frs-core:ComputerEquipment 2023-06-30 08584586 frs-core:FurnitureFittings 2024-06-30 08584586 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08584586 frs-core:FurnitureFittings 2023-06-30 08584586 frs-core:ShareCapital 2024-06-30 08584586 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08584586 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08584586 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08584586 frs-bus:SmallEntities 2023-07-01 2024-06-30 08584586 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08584586 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08584586 1 2023-07-01 2024-06-30 08584586 frs-bus:Director1 2023-07-01 2024-06-30 08584586 frs-bus:Director2 2023-07-01 2024-06-30 08584586 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 08584586 frs-countries:EnglandWales 2023-07-01 2024-06-30 08584586 2022-06-30 08584586 2023-06-30 08584586 2022-07-01 2023-06-30 08584586 frs-core:CurrentFinancialInstruments 2023-06-30 08584586 frs-core:ShareCapital 2023-06-30 08584586 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08584586
Wambugu Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08584586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,316 32
1,316 32
CURRENT ASSETS
Stocks 5 92,726 53,529
Debtors 6 - 186
92,726 53,715
Creditors: Amounts Falling Due Within One Year 7 (91,609 ) (48,508 )
NET CURRENT ASSETS (LIABILITIES) 1,117 5,207
TOTAL ASSETS LESS CURRENT LIABILITIES 2,433 5,239
PROVISIONS FOR LIABILITIES
Deferred Taxation (250 ) (6 )
NET ASSETS 2,183 5,233
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,083 5,133
SHAREHOLDERS' FUNDS 2,183 5,233
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 David Marshall
Director
11 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wambugu Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08584586 . The registered office is 128 Burntwood Lane, Caterham, Surrey, CR3 6TB.
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. 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.3. 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.
2.4. 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 year 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 asset reflects 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 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 as follows:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 - 250 250
Additions 1,723 - 1,723
As at 30 June 2024 1,723 250 1,973
Depreciation
As at 1 July 2023 - 218 218
Provided during the period 431 8 439
As at 30 June 2024 431 226 657
Net Book Value
As at 30 June 2024 1,292 24 1,316
As at 1 July 2023 - 32 32
5. Stocks
2024 2023
£ £
Work in progress 92,726 53,529
6. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets - 186
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 840 840
Directors' loan accounts 90,769 47,668
91,609 48,508
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
There is no controlling interest by virtue of the fact that no one shareholder owns more than 50% of the shares.
Page 4