Acorah Software Products - Accounts Production 16.2.850 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 13209387 Mr Jack Fearn Mr Daniel Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13209387 2024-02-28 13209387 2025-02-28 13209387 2024-02-29 2025-02-28 13209387 frs-core:CurrentFinancialInstruments 2025-02-28 13209387 frs-core:ComputerEquipment 2025-02-28 13209387 frs-core:ComputerEquipment 2024-02-29 2025-02-28 13209387 frs-core:ComputerEquipment 2024-02-28 13209387 frs-core:MotorVehicles 2025-02-28 13209387 frs-core:MotorVehicles 2024-02-29 2025-02-28 13209387 frs-core:MotorVehicles 2024-02-28 13209387 frs-core:PlantMachinery 2025-02-28 13209387 frs-core:PlantMachinery 2024-02-29 2025-02-28 13209387 frs-core:PlantMachinery 2024-02-28 13209387 frs-core:ShareCapital 2025-02-28 13209387 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13209387 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 13209387 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 13209387 frs-bus:SmallEntities 2024-02-29 2025-02-28 13209387 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 13209387 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 13209387 frs-bus:Director1 2024-02-29 2025-02-28 13209387 frs-bus:Director2 2024-02-29 2025-02-28 13209387 frs-countries:EnglandWales 2024-02-29 2025-02-28 13209387 2023-02-28 13209387 2024-02-28 13209387 2023-03-01 2024-02-28 13209387 frs-core:CurrentFinancialInstruments 2024-02-28 13209387 frs-core:ShareCapital 2024-02-28 13209387 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 13209387
Ward & Fearn (Ripley) Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Bradley & Co
Unit 19, Northern Gateway Enterprise Centre
Saltergate
Chesterfield
S40 1UT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13209387
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,909 119,204
95,909 119,204
CURRENT ASSETS
Stocks 5 - 8,000
Debtors 6 89,253 83,059
Cash at bank and in hand 221,081 67,456
310,334 158,515
Creditors: Amounts Falling Due Within One Year 7 (55,544 ) (98,635 )
NET CURRENT ASSETS (LIABILITIES) 254,790 59,880
TOTAL ASSETS LESS CURRENT LIABILITIES 350,699 179,084
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,628 ) (15,618 )
NET ASSETS 335,071 163,466
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 335,069 163,464
SHAREHOLDERS' FUNDS 335,071 163,466
Page 1
Page 2
For the year ending 28 February 2025 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 Daniel Ward
Director
14th May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ward & Fearn (Ripley) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13209387 . The registered office is 110 High Street, Alfreton, DE55 7HH .
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33.3% reducing balance
2.4. 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.
2.5. 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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 29 February 2024 100,068 47,934 1,073 149,075
Additions 3,106 - - 3,106
As at 28 February 2025 103,174 47,934 1,073 152,181
Depreciation
As at 29 February 2024 17,995 11,791 85 29,871
Provided during the period 17,036 9,036 329 26,401
As at 28 February 2025 35,031 20,827 414 56,272
Net Book Value
As at 28 February 2025 68,143 27,107 659 95,909
As at 29 February 2024 82,073 36,143 988 119,204
5. Stocks
2025 2024
£ £
Stock - 8,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 83,181 78,244
Other debtors 6,072 4,815
89,253 83,059
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 440 2,468
Other creditors 37,420 66,599
Taxation and social security 17,684 29,568
55,544 98,635
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4