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Registered number: 03006765
Weatherbeeta Limited
Financial Statements
For The Year Ended 30 June 2024
mca Banbury Ltd
4-6 The Wharf Centre
Wharf Street
Warwick
CV34 5LB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03006765
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 164,508 10,545
Tangible Assets 5 211,885 257,060
376,393 267,605
CURRENT ASSETS
Stocks 6 2,628,357 5,236,787
Debtors 7 938,149 1,054,987
Cash at bank and in hand 781,298 155,766
4,347,804 6,447,540
Creditors: Amounts Falling Due Within One Year 8 (2,116,929 ) (3,303,093 )
NET CURRENT ASSETS (LIABILITIES) 2,230,875 3,144,447
TOTAL ASSETS LESS CURRENT LIABILITIES 2,607,268 3,412,052
Creditors: Amounts Falling Due After More Than One Year 9 (1,292,779 ) (1,273,404 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,706 ) (34,178 )
NET ASSETS 1,265,783 2,104,470
CAPITAL AND RESERVES
Called up share capital 10 965,746 965,746
Profit and Loss Account 300,037 1,138,724
SHAREHOLDERS' FUNDS 1,265,783 2,104,470
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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 A J Bucknell
Director
28/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Weatherbeeta Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03006765 . The registered office is Unit 5 Shipton Way, Express Business Park, Rushden, Northamptonshire, NN10 6GL.
The presentation currency of the financial statements is the Pound Sterling (£).
All monetary amounts are rounded to the nearest pound.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Bad debt provision
A Provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stock provision
A provision has been made at the year end to account for obsolete and slow moving stock based on historical sales data and how long stock has been held for across the various stock categories
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software. It is amortised to profit and loss account over its estimated economic life of 3 and 5 years.
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2.6. 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 10% & 20% Striaght Line
Motor Vehicles 20% & 25% Straight Line
Fixtures & Fittings 15%, 20% & 33.33% Straight Line
2.7. 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.
2.8. 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.
2.9. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables; are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received.
2.10. 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.
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 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: 34 (2023: 40)
34 40
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4. Intangible Assets
Other
£
Cost
As at 1 July 2023 68,635
Additions 164,386
Disposals (58,023 )
As at 30 June 2024 174,998
Amortisation
As at 1 July 2023 58,090
Provided during the period 10,423
Disposals (58,023 )
As at 30 June 2024 10,490
Net Book Value
As at 30 June 2024 164,508
As at 1 July 2023 10,545
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 755,530 42,171 7,836 805,537
Additions 18,830 - - 18,830
Disposals (3,538 ) - - (3,538 )
As at 30 June 2024 770,822 42,171 7,836 820,829
Depreciation
As at 1 July 2023 498,644 42,171 7,662 548,477
Provided during the period 63,831 - 174 64,005
Disposals (3,538 ) - - (3,538 )
As at 30 June 2024 558,937 42,171 7,836 608,944
Net Book Value
As at 30 June 2024 211,885 - - 211,885
As at 1 July 2023 256,886 - 174 257,060
6. Stocks
2024 2023
£ £
Finished goods 2,628,357 5,236,787
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 586,907 705,257
Amounts owed by group undertakings 53,105 37,910
Other debtors 298,137 311,820
938,149 1,054,987
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 171,855 368,990
Amounts owed to group undertakings 1,511,438 2,675,581
Other creditors 237,126 231,711
Taxation and social security 196,510 26,811
2,116,929 3,303,093
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 1,055,904 1,055,904
Other creditors 236,875 217,500
1,292,779 1,273,404
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 965,746 965,746
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Audit Information
The auditor's report on the accounts of Weatherbeeta Limited for the year ended 30 June 2024 was unqualified.
The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of mca Banbury Ltd , Statutory Auditor.
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