Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12047777 Ms Kai Ma Mr Shu Li Mr Robert Baines iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12047777 2023-06-30 12047777 2024-06-30 12047777 2023-07-01 2024-06-30 12047777 frs-core:CurrentFinancialInstruments 2024-06-30 12047777 frs-core:Non-currentFinancialInstruments 2024-06-30 12047777 frs-core:ComputerEquipment 2024-06-30 12047777 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12047777 frs-core:ComputerEquipment 2023-06-30 12047777 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 12047777 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 12047777 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 12047777 frs-core:PlantMachinery 2024-06-30 12047777 frs-core:PlantMachinery 2023-07-01 2024-06-30 12047777 frs-core:PlantMachinery 2023-06-30 12047777 frs-core:ShareCapital 2024-06-30 12047777 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12047777 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12047777 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12047777 frs-bus:SmallEntities 2023-07-01 2024-06-30 12047777 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12047777 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12047777 frs-bus:Director1 2023-07-01 2024-06-30 12047777 frs-bus:Director2 2023-07-01 2024-06-30 12047777 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 12047777 frs-countries:EnglandWales 2023-07-01 2024-06-30 12047777 2022-06-30 12047777 2023-06-30 12047777 2022-07-01 2023-06-30 12047777 frs-core:CurrentFinancialInstruments 2023-06-30 12047777 frs-core:Non-currentFinancialInstruments 2023-06-30 12047777 frs-core:ShareCapital 2023-06-30 12047777 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12047777
W L Polymer Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Morgan Keen Limited
70b High Street
Bassingbourn
Royston
SG8 5LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12047777
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 733,835 531,200
733,835 531,200
CURRENT ASSETS
Stocks 5 486,755 121,255
Debtors 6 468,316 -
Cash at bank and in hand 291,116 1,240,373
1,246,187 1,361,628
Creditors: Amounts Falling Due Within One Year 7 (30,922 ) (3,925 )
NET CURRENT ASSETS (LIABILITIES) 1,215,265 1,357,703
TOTAL ASSETS LESS CURRENT LIABILITIES 1,949,100 1,888,903
Creditors: Amounts Falling Due After More Than One Year 8 (1,880,227 ) (1,880,227 )
NET ASSETS 68,873 8,676
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 68,773 8,576
SHAREHOLDERS' FUNDS 68,873 8,676
Page 1
Page 2
For the year ending 30 June 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.
On behalf of the board
Ms Kai Ma
Director
18/12/2024
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
W L Polymer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12047777 . The registered office is Unit 70b - The Gashouse, High Street, Bassingbourn, Cambridgeshire, SG8 5LF.
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:
Leasehold 10% pa on written down value
Plant & Machinery 20% pa on written down value
Computer Equipment 20% pa on written down value
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: NIL)
4 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 - 545,625 395 546,020
Additions 179,641 30,294 - 209,935
As at 30 June 2024 179,641 575,919 395 755,955
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 - 14,550 270 14,820
Provided during the period - 7,275 25 7,300
As at 30 June 2024 - 21,825 295 22,120
Net Book Value
As at 30 June 2024 179,641 554,094 100 733,835
As at 1 July 2023 - 531,075 125 531,200
5. Stocks
2024 2023
£ £
Materials 486,755 121,255
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 312,601 -
VAT 155,715 -
468,316 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,922 3,925
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 1,880,227 1,880,227
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4