Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03403455 Mr J C Stevens Mr A N Simmonds Mr R P Hemming iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03403455 2023-12-31 03403455 2024-12-31 03403455 2024-01-01 2024-12-31 03403455 frs-core:CurrentFinancialInstruments 2024-12-31 03403455 frs-core:ComputerEquipment 2024-12-31 03403455 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03403455 frs-core:ComputerEquipment 2023-12-31 03403455 frs-core:FurnitureFittings 2024-12-31 03403455 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03403455 frs-core:FurnitureFittings 2023-12-31 03403455 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03403455 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03403455 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03403455 frs-bus:SmallEntities 2024-01-01 2024-12-31 03403455 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03403455 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03403455 frs-bus:Director1 2024-01-01 2024-12-31 03403455 frs-bus:Director2 2024-01-01 2024-12-31 03403455 frs-bus:Director3 2024-01-01 2024-12-31 03403455 frs-countries:EnglandWales 2024-01-01 2024-12-31 03403455 2022-12-31 03403455 2023-12-31 03403455 2023-01-01 2023-12-31 03403455 frs-core:CurrentFinancialInstruments 2023-12-31 03403455 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03403455
Westcountry Team Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03403455
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 584 777
584 777
CURRENT ASSETS
Stocks 5 50 100
Debtors 6 6,691 5,767
Cash at bank and in hand 87,879 101,617
94,620 107,484
Creditors: Amounts Falling Due Within One Year 7 (8,749 ) (11,281 )
NET CURRENT ASSETS (LIABILITIES) 85,871 96,203
TOTAL ASSETS LESS CURRENT LIABILITIES 86,455 96,980
NET ASSETS 86,455 96,980
Income and Expenditure Account 86,455 96,980
MEMBERS' FUNDS 86,455 96,980
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Page 2
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 Income and Expenditure Account.
On behalf of the board
Mr A N Simmonds
Director
24 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Westcountry Team Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03403455 . The registered office is Office 11, East Devon Business Centre, Heathpark Way, Honiton, Devon, EX14 1SF.
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. 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 15% Reducing balance
Computer Equipment 33% Reducing balance
2.4. 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.
2.5. Taxation
There is no corporation tax liability charge on the surplus generated by the company as the company is a non-profit making entity. However, corporation tax is payable on the bank interest received during the year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 1,578 2,427 4,005
As at 31 December 2024 1,578 2,427 4,005
Depreciation
As at 1 January 2024 1,235 1,993 3,228
Provided during the period 51 142 193
As at 31 December 2024 1,286 2,135 3,421
Net Book Value
As at 31 December 2024 292 292 584
As at 1 January 2024 343 434 777
5. Stocks
2024 2023
£ £
Materials 50 100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 276 216
Prepayments and accrued income 5,695 3,911
Other debtors 720 1,640
6,691 5,767
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,645 1,518
Corporation tax 191 149
Other taxes and social security 583 659
VAT 1,293 2,139
Other creditors 1,830 2,430
Accruals and deferred income 2,207 4,386
8,749 11,281
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8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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