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 4519369 M W Williams J Williams Mr M W and Mrs J Williams true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4519369 2023-08-31 4519369 2024-08-31 4519369 2023-09-01 2024-08-31 4519369 frs-core:CurrentFinancialInstruments 2024-08-31 4519369 frs-core:Non-currentFinancialInstruments 2024-08-31 4519369 frs-core:BetweenOneFiveYears 2024-08-31 4519369 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 4519369 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 4519369 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 4519369 frs-core:MotorVehicles 2024-08-31 4519369 frs-core:MotorVehicles 2023-09-01 2024-08-31 4519369 frs-core:MotorVehicles 2023-08-31 4519369 frs-core:PlantMachinery 2024-08-31 4519369 frs-core:PlantMachinery 2023-09-01 2024-08-31 4519369 frs-core:PlantMachinery 2023-08-31 4519369 frs-core:ShareCapital 2024-08-31 4519369 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 4519369 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 4519369 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 4519369 frs-bus:SmallEntities 2023-09-01 2024-08-31 4519369 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 4519369 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 4519369 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 4519369 frs-bus:OrdinaryShareClass1 2024-08-31 4519369 1 2023-09-01 2024-08-31 4519369 frs-bus:Director1 2023-09-01 2024-08-31 4519369 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 4519369 frs-countries:EnglandWales 2023-09-01 2024-08-31 4519369 2022-08-31 4519369 2023-08-31 4519369 2022-09-01 2023-08-31 4519369 frs-core:CurrentFinancialInstruments 2023-08-31 4519369 frs-core:Non-currentFinancialInstruments 2023-08-31 4519369 frs-core:BetweenOneFiveYears 2023-08-31 4519369 frs-core:MotorVehicles 2022-09-01 2023-08-31 4519369 frs-core:WithinOneYear 2023-08-31 4519369 frs-core:ShareCapital 2023-08-31 4519369 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 4519369 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31
Registered number: 4519369
M W W Maintenance Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4519369
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 620,925 657,611
620,925 657,611
CURRENT ASSETS
Debtors 5 635,397 844,169
Investments 6 127,476 127,476
Cash at bank and in hand 675,025 532,473
1,437,898 1,504,118
Creditors: Amounts Falling Due Within One Year 7 (209,669 ) (334,719 )
NET CURRENT ASSETS (LIABILITIES) 1,228,229 1,169,399
TOTAL ASSETS LESS CURRENT LIABILITIES 1,849,154 1,827,010
Creditors: Amounts Falling Due After More Than One Year 8 (17,813 ) (30,420 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (36,609 ) (36,875 )
NET ASSETS 1,794,732 1,759,715
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 1,794,632 1,759,615
SHAREHOLDERS' FUNDS 1,794,732 1,759,715
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
M W Williams
Director
30 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M W W Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4519369 . The registered office is Glyndwr House, Lancaster Street, Six Bells, Abertillery, NP13 2NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 stated at cost less depreciation. 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:
Freehold 1% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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: 17 (2023: 20)
17 20
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 September 2023 556,964 115,031 483,730 1,155,725
Additions - 3,174 4,583 7,757
Disposals - - (18,780 ) (18,780 )
As at 31 August 2024 556,964 118,205 469,533 1,144,702
Depreciation
As at 1 September 2023 52,019 101,364 344,731 498,114
Provided during the period 5,570 3,505 26,354 35,429
Disposals - - (9,766 ) (9,766 )
As at 31 August 2024 57,589 104,869 361,319 523,777
Net Book Value
As at 31 August 2024 499,375 13,336 108,214 620,925
As at 1 September 2023 504,945 13,667 138,999 657,611
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 2,916 16,882
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 281,249 479,531
Prepayments and accrued income 10,563 10,563
Other debtors 334,304 354,075
Other taxes and social security 9,281 -
635,397 844,169
Page 4
Page 5
6. Current Asset Investments
2024 2023
£ £
Listed investments 110,960 110,960
Unlisted investments 16,516 16,516
127,476 127,476
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,038
Trade creditors 26,932 92,168
Bank loans and overdrafts 3,695 3,695
Corporation tax 156,608 138,041
Other taxes and social security - 25,869
VAT 15,129 55,206
Net wages - 7,397
Accruals and deferred income 7,305 7,305
209,669 334,719
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,583 19,326
Bank loans 7,230 11,094
17,813 30,420
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,582 24,364
Bank loans and overdrafts 10,925 14,789
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 5,038
Later than one year and not later than five years 10,583 19,326
10,583 24,364
10,583 24,364
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11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 36,609 36,875
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr M W and Mrs J Williams by virtue of their ownership of 100% of the issued share capital in the company.
Page 6