Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05896972 Mr Andrew Moran Mrs Yvonne Moran Mr Neil Horton Mr Paul Moran Mrs Jennifer Horton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05896972 2023-09-30 05896972 2024-09-30 05896972 2023-10-01 2024-09-30 05896972 frs-core:CurrentFinancialInstruments 2024-09-30 05896972 frs-core:Non-currentFinancialInstruments 2024-09-30 05896972 frs-core:BetweenOneFiveYears 2024-09-30 05896972 frs-core:ComputerEquipment 2024-09-30 05896972 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05896972 frs-core:ComputerEquipment 2023-09-30 05896972 frs-core:FurnitureFittings 2024-09-30 05896972 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05896972 frs-core:FurnitureFittings 2023-09-30 05896972 frs-core:NetGoodwill 2024-09-30 05896972 frs-core:NetGoodwill 2023-10-01 2024-09-30 05896972 frs-core:NetGoodwill 2023-09-30 05896972 frs-core:MotorVehicles 2024-09-30 05896972 frs-core:MotorVehicles 2023-10-01 2024-09-30 05896972 frs-core:MotorVehicles 2023-09-30 05896972 frs-core:PlantMachinery 2024-09-30 05896972 frs-core:PlantMachinery 2023-10-01 2024-09-30 05896972 frs-core:PlantMachinery 2023-09-30 05896972 frs-core:WithinOneYear 2024-09-30 05896972 frs-core:CapitalRedemptionReserve 2024-09-30 05896972 frs-core:ShareCapital 2024-09-30 05896972 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05896972 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05896972 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05896972 frs-bus:SmallEntities 2023-10-01 2024-09-30 05896972 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05896972 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05896972 frs-bus:Director1 2023-10-01 2024-09-30 05896972 frs-bus:Director2 2023-10-01 2024-09-30 05896972 frs-bus:Director3 2023-10-01 2024-09-30 05896972 frs-bus:Director3 2023-09-30 05896972 frs-bus:Director3 2024-09-30 05896972 frs-bus:Director4 2023-10-01 2024-09-30 05896972 frs-bus:Director5 2023-10-01 2024-09-30 05896972 frs-countries:EnglandWales 2023-10-01 2024-09-30 05896972 2022-09-30 05896972 2023-09-30 05896972 2022-10-01 2023-09-30 05896972 frs-core:CurrentFinancialInstruments 2023-09-30 05896972 frs-core:Non-currentFinancialInstruments 2023-09-30 05896972 frs-core:BetweenOneFiveYears 2023-09-30 05896972 frs-core:WithinOneYear 2023-09-30 05896972 frs-core:CapitalRedemptionReserve 2023-09-30 05896972 frs-core:ShareCapital 2023-09-30 05896972 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05896972
Moran's Wood Components Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Haywards Chartered Accountants
4 Bridgeman Terrace
Wigan
Lancs
WN1 1SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05896972
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 775,922 927,635
775,922 927,635
CURRENT ASSETS
Stocks 6 155,000 245,000
Debtors 7 213,989 635,688
Cash at bank and in hand 1,468,244 572,543
1,837,233 1,453,231
Creditors: Amounts Falling Due Within One Year 8 (899,700 ) (629,871 )
NET CURRENT ASSETS (LIABILITIES) 937,533 823,360
TOTAL ASSETS LESS CURRENT LIABILITIES 1,713,455 1,750,995
Creditors: Amounts Falling Due After More Than One Year 9 (126,072 ) (205,094 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (166,321 ) (173,635 )
NET ASSETS 1,421,062 1,372,266
CAPITAL AND RESERVES
Called up share capital 11 90 90
Capital redemption reserve 10 10
Profit and Loss Account 1,420,962 1,372,166
SHAREHOLDERS' FUNDS 1,421,062 1,372,266
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For the year ending 30 September 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 Andrew Moran
Director
28 March 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
Moran's Wood Components Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05896972 . The registered office is 9 Clayton Road, Birchwood, Warrington, Cheshire, WA3 6PH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.5. 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.
2.6. 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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2.7. 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: 74 (2023: 75)
74 75
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 30,000
As at 30 September 2024 30,000
Amortisation
As at 1 October 2023 30,000
As at 30 September 2024 30,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 2,614,187 41,939 132,863 69,510 2,858,499
Additions 96,796 - 1,890 10,021 108,707
As at 30 September 2024 2,710,983 41,939 134,753 79,531 2,967,206
Depreciation
As at 1 October 2023 1,743,396 34,504 90,067 62,897 1,930,864
Provided during the period 241,897 1,860 11,172 5,491 260,420
As at 30 September 2024 1,985,293 36,364 101,239 68,388 2,191,284
...CONTINUED
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Net Book Value
As at 30 September 2024 725,690 5,575 33,514 11,143 775,922
As at 1 October 2023 870,791 7,435 42,796 6,613 927,635
6. Stocks
2024 2023
£ £
Materials 75,000 120,000
Work in progress 80,000 125,000
155,000 245,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 205,026 622,736
Directors' loan accounts 8,963 12,952
213,989 635,688
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 78,359 80,916
Trade creditors 72,361 162,642
Corporation tax 111,511 51,273
Other taxes and social security 40,426 33,881
VAT 117,279 136,901
Other creditors 472,536 158,185
Accruals and deferred income 4,370 4,165
Directors' loan accounts 2,858 1,908
899,700 629,871
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 126,072 205,094
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 78,359 80,916
Later than one year and not later than five years 126,072 205,094
204,431 286,010
204,431 286,010
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Neil Horton 12,951 8,963 12,951 - 8,963
The above loan was repaid within 9 months of the year end.
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