Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10042406 Mr David Smith Mrs Louisa Smith David & Louisa Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10042406 2024-03-31 10042406 2025-03-31 10042406 2024-04-01 2025-03-31 10042406 frs-core:CurrentFinancialInstruments 2025-03-31 10042406 frs-core:Non-currentFinancialInstruments 2025-03-31 10042406 frs-core:MotorVehicles 2025-03-31 10042406 frs-core:MotorVehicles 2024-04-01 2025-03-31 10042406 frs-core:MotorVehicles 2024-03-31 10042406 frs-core:PlantMachinery 2025-03-31 10042406 frs-core:PlantMachinery 2024-04-01 2025-03-31 10042406 frs-core:PlantMachinery 2024-03-31 10042406 frs-core:ShareCapital 2025-03-31 10042406 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10042406 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10042406 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10042406 frs-bus:SmallEntities 2024-04-01 2025-03-31 10042406 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10042406 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10042406 1 2024-04-01 2025-03-31 10042406 frs-bus:Director1 2024-04-01 2025-03-31 10042406 frs-bus:Director2 2024-04-01 2025-03-31 10042406 frs-countries:EnglandWales 2024-04-01 2025-03-31 10042406 2023-03-31 10042406 2024-03-31 10042406 2023-04-01 2024-03-31 10042406 frs-core:CurrentFinancialInstruments 2024-03-31 10042406 frs-core:Non-currentFinancialInstruments 2024-03-31 10042406 frs-core:ShareCapital 2024-03-31 10042406 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10042406
Wolds Pension & Wealth Consultancy Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10042406
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,703 82,344
61,703 82,344
CURRENT ASSETS
Cash at bank and in hand 48,243 58,168
48,243 58,168
Creditors: Amounts Falling Due Within One Year 5 (15,916 ) (8,264 )
NET CURRENT ASSETS (LIABILITIES) 32,327 49,904
TOTAL ASSETS LESS CURRENT LIABILITIES 94,030 132,248
Creditors: Amounts Falling Due After More Than One Year 6 (85,567 ) (94,256 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,725 ) (15,650 )
NET (LIABILITIES)/ASSETS (3,262 ) 22,342
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (3,263 ) 22,341
SHAREHOLDERS' FUNDS (3,262) 22,342
Page 1
Page 2
For the year ending 31 March 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 David Smith
Director
19th 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
Wolds Pension & Wealth Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10042406 . The registered office is 19 Springfields, Tealby, Market Rasen, Lincolnshire, LN8 3XP.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 549 102,655 103,204
As at 31 March 2025 549 102,655 103,204
Depreciation
As at 1 April 2024 330 20,530 20,860
Provided during the period 110 20,531 20,641
As at 31 March 2025 440 41,061 41,501
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 109 61,594 61,703
As at 1 April 2024 219 82,125 82,344
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 14,408 5,920
Other taxes and social security 339 -
Accruals and deferred income 525 500
Directors' loan accounts 644 1,844
15,916 8,264
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 85,567 94,256
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 63,000 60,000
10. Ultimate Controlling Party
The company's ultimate controlling party is David & Louisa Smith by virtue of their ownership of 100% of the issued share capital in the company.
Page 4