Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07752871 Mr R J White Mr T M White Mr A H White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07752871 2023-12-31 07752871 2024-12-31 07752871 2024-01-01 2024-12-31 07752871 frs-core:CurrentFinancialInstruments 2024-12-31 07752871 frs-core:Non-currentFinancialInstruments 2024-12-31 07752871 frs-core:BetweenOneFiveYears 2024-12-31 07752871 frs-core:MotorVehicles 2024-12-31 07752871 frs-core:MotorVehicles 2024-01-01 2024-12-31 07752871 frs-core:MotorVehicles 2023-12-31 07752871 frs-core:PlantMachinery 2024-12-31 07752871 frs-core:PlantMachinery 2024-01-01 2024-12-31 07752871 frs-core:PlantMachinery 2023-12-31 07752871 frs-core:WithinOneYear 2024-12-31 07752871 frs-core:ShareCapital 2024-12-31 07752871 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07752871 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07752871 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07752871 frs-bus:SmallEntities 2024-01-01 2024-12-31 07752871 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07752871 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07752871 frs-bus:Director1 2024-01-01 2024-12-31 07752871 frs-bus:Director2 2024-01-01 2024-12-31 07752871 frs-bus:Director3 2024-01-01 2024-12-31 07752871 frs-countries:EnglandWales 2024-01-01 2024-12-31 07752871 2022-12-31 07752871 2023-12-31 07752871 2023-01-01 2023-12-31 07752871 frs-core:CurrentFinancialInstruments 2023-12-31 07752871 frs-core:Non-currentFinancialInstruments 2023-12-31 07752871 frs-core:BetweenOneFiveYears 2023-12-31 07752871 frs-core:WithinOneYear 2023-12-31 07752871 frs-core:ShareCapital 2023-12-31 07752871 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07752871
Southwest Knotweed Ltd
Financial Statements
For The Year Ended 31 December 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07752871
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,778 50,057
102,778 50,057
CURRENT ASSETS
Stocks 5 675 595
Debtors 6 16,103 7,849
Cash at bank and in hand 89,130 80,781
105,908 89,225
Creditors: Amounts Falling Due Within One Year 7 (84,435 ) (96,741 )
NET CURRENT ASSETS (LIABILITIES) 21,473 (7,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 124,251 42,541
Creditors: Amounts Falling Due After More Than One Year 8 (9,708 ) (4,250 )
NET ASSETS 114,543 38,291
CAPITAL AND RESERVES
Called up share capital 10 103 103
Profit and Loss Account 114,440 38,188
SHAREHOLDERS' FUNDS 114,543 38,291
Page 1
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For the year ending 31 December 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 R J White
Director
21st March 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
Southwest Knotweed Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07752871 . The registered office is Unit 10 ESAM, Carluddon Technology Park, St Austell, Cornwall, PL26 8WE. 
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.
The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. 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.
2.5. 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.
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2.6. Taxation
The tax expense for the period comprises current 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: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 25,507 50,424 75,931
Additions 22,423 61,631 84,054
Disposals - (17,750 ) (17,750 )
As at 31 December 2024 47,930 94,305 142,235
Depreciation
As at 1 January 2024 14,735 11,139 25,874
Provided during the period 2,319 14,245 16,564
Disposals - (2,981 ) (2,981 )
As at 31 December 2024 17,054 22,403 39,457
Net Book Value
As at 31 December 2024 30,876 71,902 102,778
As at 1 January 2024 10,772 39,285 50,057
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5. Stocks
2024 2023
£ £
Stock 675 595
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,828 6,194
Other debtors 2,275 1,655
16,103 7,849
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,900 -
Trade creditors 5,841 7,299
Bank loans and overdrafts 3,000 3,000
Other creditors 15,139 40,742
Taxation and social security 57,555 45,700
84,435 96,741
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,458 -
Bank loans 1,250 4,250
9,708 4,250
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,900 -
Later than one year and not later than five years 8,458 -
11,358 -
11,358 -
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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