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 03800575 Mr Mark Faithfull Mrs Lydia Faithfull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03800575 2023-07-31 03800575 2024-07-31 03800575 2023-08-01 2024-07-31 03800575 frs-core:CurrentFinancialInstruments 2024-07-31 03800575 frs-core:Non-currentFinancialInstruments 2024-07-31 03800575 frs-core:ComputerEquipment 2024-07-31 03800575 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03800575 frs-core:ComputerEquipment 2023-07-31 03800575 frs-core:FurnitureFittings 2024-07-31 03800575 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03800575 frs-core:FurnitureFittings 2023-07-31 03800575 frs-core:ShareCapital 2024-07-31 03800575 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03800575 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03800575 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03800575 frs-bus:SmallEntities 2023-08-01 2024-07-31 03800575 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03800575 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03800575 frs-bus:Director1 2023-08-01 2024-07-31 03800575 frs-bus:Director1 2023-07-31 03800575 frs-bus:Director1 2024-07-31 03800575 frs-bus:Director2 2023-08-01 2024-07-31 03800575 frs-bus:Director2 2023-07-31 03800575 frs-bus:Director2 2024-07-31 03800575 frs-countries:EnglandWales 2023-08-01 2024-07-31 03800575 2022-07-31 03800575 2023-07-31 03800575 2022-08-01 2023-07-31 03800575 frs-core:CurrentFinancialInstruments 2023-07-31 03800575 frs-core:Non-currentFinancialInstruments 2023-07-31 03800575 frs-core:ShareCapital 2023-07-31 03800575 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03800575
Cool Waters Consulting Limited
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: 03800575
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,576 4,266
3,576 4,266
CURRENT ASSETS
Debtors 5 46,995 23,922
Cash at bank and in hand 124,097 19,031
171,092 42,953
Creditors: Amounts Falling Due Within One Year 6 (65,489 ) (41,619 )
NET CURRENT ASSETS (LIABILITIES) 105,603 1,334
TOTAL ASSETS LESS CURRENT LIABILITIES 109,179 5,600
Creditors: Amounts Falling Due After More Than One Year 7 (125,979 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (679 ) (810 )
NET (LIABILITIES)/ASSETS (17,479 ) 4,790
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (17,579 ) 4,690
SHAREHOLDERS' FUNDS (17,479) 4,790
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 Mark Faithfull
Director
16/04/2025
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
Cool Waters Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03800575 . The registered office is 17 Hunloke Way, Malmesbury, Wiltshire, SN16 9FL.
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 33.3% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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: 7 (2023: 4)
7 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 1,236 12,348 13,584
Additions - 1,716 1,716
As at 31 July 2024 1,236 14,064 15,300
Depreciation
As at 1 August 2023 367 8,951 9,318
Provided during the period 159 2,247 2,406
As at 31 July 2024 526 11,198 11,724
Net Book Value
As at 31 July 2024 710 2,866 3,576
As at 1 August 2023 869 3,397 4,266
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,251 16,674
Amounts recoverable on contracts 1,656 -
Other debtors 5,088 7,248
46,995 23,922
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,828 16,921
Bank loans and overdrafts 23,054 -
Other creditors 22,272 21,438
Taxation and social security 12,335 3,260
65,489 41,619
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 125,979 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Mark Faithfull - 1,212 - - 1,212
Mrs Lydia Faithfull - 1,212 - - 1,212
The above loan is unsecured, interest free and repayable on demand.
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