Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12126288 Mr Martin Allan Mrs Tracy Allan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12126288 2023-07-31 12126288 2024-07-31 12126288 2023-08-01 2024-07-31 12126288 frs-core:CurrentFinancialInstruments 2024-07-31 12126288 frs-core:Non-currentFinancialInstruments 2024-07-31 12126288 frs-core:FurnitureFittings 2024-07-31 12126288 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12126288 frs-core:FurnitureFittings 2023-07-31 12126288 frs-core:NetGoodwill 2024-07-31 12126288 frs-core:NetGoodwill 2023-08-01 2024-07-31 12126288 frs-core:NetGoodwill 2023-07-31 12126288 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 12126288 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12126288 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 12126288 frs-core:PlantMachinery 2024-07-31 12126288 frs-core:PlantMachinery 2023-08-01 2024-07-31 12126288 frs-core:PlantMachinery 2023-07-31 12126288 frs-core:ShareCapital 2024-07-31 12126288 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12126288 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12126288 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12126288 frs-bus:SmallEntities 2023-08-01 2024-07-31 12126288 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12126288 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12126288 frs-bus:Director1 2023-08-01 2024-07-31 12126288 frs-bus:Director2 2023-08-01 2024-07-31 12126288 frs-countries:EnglandWales 2023-08-01 2024-07-31 12126288 2022-07-31 12126288 2023-07-31 12126288 2022-08-01 2023-07-31 12126288 frs-core:CurrentFinancialInstruments 2023-07-31 12126288 frs-core:Non-currentFinancialInstruments 2023-07-31 12126288 frs-core:ShareCapital 2023-07-31 12126288 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12126288
Wise Monkeys Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12126288
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,333 21,333
Tangible Assets 5 11,378 24,503
16,711 45,836
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 10,676 11,510
Cash at bank and in hand 35,629 94,759
51,305 111,269
Creditors: Amounts Falling Due Within One Year 8 (236,235 ) (229,925 )
NET CURRENT ASSETS (LIABILITIES) (184,930 ) (118,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES (168,219 ) (72,820 )
Creditors: Amounts Falling Due After More Than One Year 9 (23,248 ) (33,015 )
NET LIABILITIES (191,467 ) (105,835 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (191,567 ) (105,935 )
SHAREHOLDERS' FUNDS (191,467) (105,835)
Page 1
Page 2
For the year ending 31 July 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 Martin Allan
Director
07/04/2025
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
Wise Monkeys Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12126288 . The registered office is Bear Inn, 237 Pagham Road, Bognor Regis, West Sussex, PO21 3QB.
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 .... 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:
Leasehold Over 47 months
Plant & Machinery 20% straight line
Fixtures & Fittings 20% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 80,000
As at 31 July 2024 80,000
Amortisation
As at 1 August 2023 58,667
Provided during the period 16,000
As at 31 July 2024 74,667
Net Book Value
As at 31 July 2024 5,333
As at 1 August 2023 21,333
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 18,455 16,035 35,048 69,538
Additions - 417 - 417
As at 31 July 2024 18,455 16,452 35,048 69,955
Depreciation
As at 1 August 2023 13,669 8,399 22,967 45,035
Provided during the period 2,798 3,735 7,009 13,542
As at 31 July 2024 16,467 12,134 29,976 58,577
Net Book Value
As at 31 July 2024 1,988 4,318 5,072 11,378
As at 1 August 2023 4,786 7,636 12,081 24,503
6. Stocks
2024 2023
£ £
Stock 5,000 5,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,676 11,510
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,159 11,967
Bank loans and overdrafts 5,160 -
Other creditors 192,646 193,233
Taxation and social security 22,270 24,725
236,235 229,925
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,248 33,015
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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