Acorah Software Products - Accounts Production 16.3.350 false true true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 07662081 Mr Andrew Munro Miss Shawnee Munro Mrs Jacqueline Munro Mr Warren Munro Mark Law Registrars Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07662081 2024-02-28 07662081 2025-02-28 07662081 2024-02-29 2025-02-28 07662081 frs-core:CurrentFinancialInstruments 2025-02-28 07662081 frs-core:ComputerEquipment 2025-02-28 07662081 frs-core:ComputerEquipment 2024-02-29 2025-02-28 07662081 frs-core:ComputerEquipment 2024-02-28 07662081 frs-core:PlantMachinery 2025-02-28 07662081 frs-core:PlantMachinery 2024-02-29 2025-02-28 07662081 frs-core:PlantMachinery 2024-02-28 07662081 frs-core:ShareCapital 2025-02-28 07662081 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07662081 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 07662081 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 07662081 frs-bus:SmallEntities 2024-02-29 2025-02-28 07662081 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 07662081 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 07662081 frs-core:UnlistedNon-exchangeTraded 2025-02-28 07662081 frs-core:UnlistedNon-exchangeTraded 2024-02-28 07662081 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 07662081 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 07662081 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 07662081 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-02-28 07662081 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 07662081 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-02-28 07662081 frs-bus:Director1 2024-02-29 2025-02-28 07662081 frs-bus:Director2 2024-02-29 2025-02-28 07662081 frs-bus:Director3 2024-02-29 2025-02-28 07662081 frs-bus:Director4 2024-02-29 2025-02-28 07662081 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 07662081 frs-countries:EnglandWales 2024-02-29 2025-02-28 07662081 2023-02-28 07662081 2024-02-28 07662081 2023-03-01 2024-02-28 07662081 frs-core:CurrentFinancialInstruments 2024-02-28 07662081 frs-core:ShareCapital 2024-02-28 07662081 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 07662081
Watercor Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Swann Accounting Limited
First Floor Offices Rock-A-Nore Road
Hastings
TN34 3DW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07662081
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,964 44,173
Investments 5 9,044,546 8,000,000
9,077,510 8,044,173
CURRENT ASSETS
Debtors 6 679,764 679,135
Cash at bank and in hand 239,659 286,719
919,423 965,854
Creditors: Amounts Falling Due Within One Year 7 (47,910 ) (2,908 )
NET CURRENT ASSETS (LIABILITIES) 871,513 962,946
TOTAL ASSETS LESS CURRENT LIABILITIES 9,949,023 9,007,119
NET ASSETS 9,949,023 9,007,119
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 9,948,923 9,007,019
SHAREHOLDERS' FUNDS 9,949,023 9,007,119
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 Andrew Munro
Director
09/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Watercor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07662081 . The registered office is C/O Swann Accounting Limited, First Floor Offices, Hastings Fishmarket, Rock-A-Nore Road, Hastings, East Sussex, TN34 3DW.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 25% reducing balance
Computer Equipment 33% on cost
2.5. 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.
2.6. Investments in subsidiaries
Investments in subsidirary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 29 February 2024 71,472 653 72,125
As at 28 February 2025 71,472 653 72,125
Depreciation
As at 29 February 2024 27,521 431 27,952
Provided during the period 10,987 222 11,209
As at 28 February 2025 38,508 653 39,161
Net Book Value
As at 28 February 2025 32,964 - 32,964
As at 29 February 2024 43,951 222 44,173
5. Investments
Unlisted
£
Cost
As at 29 February 2024 8,000,000
Additions 274,147
Revaluations 770,399
As at 28 February 2025 9,044,546
Provision
As at 29 February 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 9,044,546
As at 29 February 2024 8,000,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 678,500 677,533
VAT 1,264 1,391
Other taxes and social security - 211
679,764 679,135
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 522 -
Accruals and deferred income 1,600 1,600
Directors' loan accounts 45,788 1,308
47,910 2,908
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the year end a directors loan account existed and the director Mr A Munro was owed £45,788 (2024: £1,308). There is no interest charged on this amount and it is repayable upon demand. 
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