Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12660600 Mr David Bingham Miss Louisa Taylor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12660600 2023-06-30 12660600 2024-06-30 12660600 2023-07-01 2024-06-30 12660600 frs-core:CurrentFinancialInstruments 2024-06-30 12660600 frs-core:Non-currentFinancialInstruments 2024-06-30 12660600 frs-core:BetweenOneFiveYears 2024-06-30 12660600 frs-core:ComputerEquipment 2024-06-30 12660600 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12660600 frs-core:ComputerEquipment 2023-06-30 12660600 frs-core:MotorVehicles 2024-06-30 12660600 frs-core:MotorVehicles 2023-07-01 2024-06-30 12660600 frs-core:MotorVehicles 2023-06-30 12660600 frs-core:PlantMachinery 2024-06-30 12660600 frs-core:PlantMachinery 2023-07-01 2024-06-30 12660600 frs-core:PlantMachinery 2023-06-30 12660600 frs-core:WithinOneYear 2024-06-30 12660600 frs-core:ShareCapital 2024-06-30 12660600 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12660600 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12660600 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12660600 frs-bus:SmallEntities 2023-07-01 2024-06-30 12660600 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12660600 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12660600 1 2023-07-01 2024-06-30 12660600 frs-bus:Director1 2023-07-01 2024-06-30 12660600 frs-bus:Director2 2023-07-01 2024-06-30 12660600 frs-countries:EnglandWales 2023-07-01 2024-06-30 12660600 2022-06-30 12660600 2023-06-30 12660600 2022-07-01 2023-06-30 12660600 frs-core:CurrentFinancialInstruments 2023-06-30 12660600 frs-core:Non-currentFinancialInstruments 2023-06-30 12660600 frs-core:BetweenOneFiveYears 2023-06-30 12660600 frs-core:WithinOneYear 2023-06-30 12660600 frs-core:ShareCapital 2023-06-30 12660600 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12660600
Waterglow Plumbing ,Heating And Gas Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12660600
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,603 9,663
6,603 9,663
CURRENT ASSETS
Debtors 5 - 2,377
Cash at bank and in hand 29,832 35,335
29,832 37,712
Creditors: Amounts Falling Due Within One Year 6 (24,818 ) (32,719 )
NET CURRENT ASSETS (LIABILITIES) 5,014 4,993
TOTAL ASSETS LESS CURRENT LIABILITIES 11,617 14,656
Creditors: Amounts Falling Due After More Than One Year 7 (94 ) (2,063 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,836 ) (1,836 )
NET ASSETS 9,687 10,757
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 9,686 10,756
SHAREHOLDERS' FUNDS 9,687 10,757
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 Bingham
Director
19/12/2024
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
Waterglow Plumbing ,Heating And Gas Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12660600 . The registered office is Flat 10 Jepps Courtyard, Jepps Lane, Royston, SG8 9AP.
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:
Plant & Machinery over 4 years
Motor Vehicles over 4 years
Computer Equipment over 4 years
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. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 1 (2023: )
1 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 4,551 12,995 - 17,546
Additions 115 - 446 561
As at 30 June 2024 4,666 12,995 446 18,107
Depreciation
As at 1 July 2023 2,685 5,198 - 7,883
Provided during the period 933 2,599 89 3,621
As at 30 June 2024 3,618 7,797 89 11,504
Net Book Value
As at 30 June 2024 1,048 5,198 357 6,603
As at 1 July 2023 1,866 7,797 - 9,663
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,377
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,968 1,968
Trade creditors 825 11,067
Other creditors 10,768 10,302
Taxation and social security 11,257 9,382
24,818 32,719
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 94 2,063
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,968 1,968
Later than one year and not later than five years 94 2,063
2,062 4,031
2,062 4,031
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
During the year, the director Mr Bingham, loaned the company money with no set repayment date or interest payable.  Mr Bingham received dividends in accordance with his shareholding. 
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Bingham by virtue of his ownership of 100% of the issued share capital in the company.l
Page 5