Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03945368 Mr David Clarke Mr Peter Sommerville iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03945368 2023-08-31 03945368 2024-08-31 03945368 2023-09-01 2024-08-31 03945368 frs-core:Non-currentFinancialInstruments 2024-08-31 03945368 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03945368 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03945368 frs-core:ShareCapital 2024-08-31 03945368 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03945368 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03945368 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 03945368 frs-bus:SmallEntities 2023-09-01 2024-08-31 03945368 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03945368 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03945368 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 03945368 frs-bus:OrdinaryShareClass2 2024-08-31 03945368 frs-bus:OrdinaryShareClass3 2023-09-01 2024-08-31 03945368 frs-bus:OrdinaryShareClass3 2024-08-31 03945368 frs-bus:Director1 2023-09-01 2024-08-31 03945368 frs-bus:Director2 2023-09-01 2024-08-31 03945368 frs-countries:EnglandWales 2023-09-01 2024-08-31 03945368 2022-08-31 03945368 2023-08-31 03945368 2022-09-01 2023-08-31 03945368 frs-core:Non-currentFinancialInstruments 2023-08-31 03945368 frs-core:ShareCapital 2023-08-31 03945368 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 03945368 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 03945368 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31
Registered number: 03945368
Wood, Hicks & Co Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03945368
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,388 19,301
18,388 19,301
CURRENT ASSETS
Stocks 43,622 32,833
Debtors 32,683 41,870
Investments 52,052 45,836
Cash at bank and in hand 316,060 242,256
444,417 362,795
Creditors: Amounts Falling Due Within One Year (290,774 ) (250,243 )
NET CURRENT ASSETS (LIABILITIES) 153,643 112,552
TOTAL ASSETS LESS CURRENT LIABILITIES 172,031 131,853
Creditors: Amounts Falling Due After More Than One Year (28,173 ) (33,430 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,151 ) (2,206 )
NET ASSETS 141,707 96,217
CAPITAL AND RESERVES
Called up share capital 5 200 200
Profit and Loss Account 141,507 96,017
SHAREHOLDERS' FUNDS 141,707 96,217
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For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr David Clarke
Director
Mr Peter Sommerville
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Wood, Hicks & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03945368 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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 represents the value of consideration receivable in respect of professional services rendered during the year, inclusive of recoverable expenses & disbursements and exclusive of VAT.
When the value of transactions can be measured reliably and it is probable that economic benefit will flow to the Company, turnover is recognised with reference to the stage of completion, assessed on actual services provided as a proportion of total services to be provided. The value of services partially rendered and unbilled is held within work in progress on a contract by contract basis as contract activity progresses. 
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 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
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. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the Profit and Loss Account. All other investments are subsequently measured at cost less impairment.
...CONTINUED
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2.5. Financial Instruments - continued
Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the Profit and Loss Account and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. 
Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in the Profit and Loss Account immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was  12 (2023: 11)
12 11
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4. Tangible Assets
Total
£
Cost
As at 1 September 2023 42,324
Additions 6,519
Disposals (4,285 )
As at 31 August 2024 44,558
Depreciation
As at 1 September 2023 23,023
Provided during the period 6,165
Disposals (3,018 )
As at 31 August 2024 26,170
Net Book Value
As at 31 August 2024 18,388
As at 1 September 2023 19,301
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
150 Ordinary A shares of £ 1.000 each 150 150
50 Ordinary B shares of £ 1.000 each 50 50
200 200
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