Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07199927 Benjamin Samuelson Kate Samuelson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07199927 2023-09-30 07199927 2024-09-30 07199927 2023-10-01 2024-09-30 07199927 frs-core:CurrentFinancialInstruments 2024-09-30 07199927 frs-core:Non-currentFinancialInstruments 2024-09-30 07199927 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07199927 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07199927 frs-core:NetGoodwill 2024-09-30 07199927 frs-core:NetGoodwill 2023-10-01 2024-09-30 07199927 frs-core:NetGoodwill 2023-09-30 07199927 frs-core:MotorVehicles 2024-09-30 07199927 frs-core:MotorVehicles 2023-10-01 2024-09-30 07199927 frs-core:MotorVehicles 2023-09-30 07199927 frs-core:PlantMachinery 2024-09-30 07199927 frs-core:PlantMachinery 2023-10-01 2024-09-30 07199927 frs-core:PlantMachinery 2023-09-30 07199927 frs-core:ShareCapital 2024-09-30 07199927 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07199927 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07199927 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07199927 frs-bus:SmallEntities 2023-10-01 2024-09-30 07199927 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07199927 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07199927 frs-bus:Director1 2023-10-01 2024-09-30 07199927 frs-bus:Director1 2023-09-30 07199927 frs-bus:Director1 2024-09-30 07199927 frs-bus:Director2 2023-10-01 2024-09-30 07199927 frs-bus:Director2 2023-09-30 07199927 frs-bus:Director2 2024-09-30 07199927 frs-countries:EnglandWales 2023-10-01 2024-09-30 07199927 2022-09-30 07199927 2023-09-30 07199927 2022-10-01 2023-09-30 07199927 frs-core:CurrentFinancialInstruments 2023-09-30 07199927 frs-core:Non-currentFinancialInstruments 2023-09-30 07199927 frs-core:ShareCapital 2023-09-30 07199927 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07199927
Samuelson Wylie Associates Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Arlo Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07199927
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 51,000 59,500
Tangible Assets 5 29,095 5,805
80,095 65,305
CURRENT ASSETS
Debtors 6 871,250 951,442
Cash at bank and in hand 230,306 3,590
1,101,556 955,032
Creditors: Amounts Falling Due Within One Year 7 (362,282 ) (409,915 )
NET CURRENT ASSETS (LIABILITIES) 739,274 545,117
TOTAL ASSETS LESS CURRENT LIABILITIES 819,369 610,422
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (20,000 )
NET ASSETS 809,369 590,422
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 808,369 589,422
SHAREHOLDERS' FUNDS 809,369 590,422
Page 1
Page 2
For the year ending 30 September 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
Benjamin Samuelson
Director
26/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Samuelson Wylie Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07199927 . The registered office is 4-6 Dalton Square, Lancaster, LA1 1PP.
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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be
recovered .
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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% Straight line
Motor Vehicles 33% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 33% straight line
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.
2.6. 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 170,000
As at 30 September 2024 170,000
Amortisation
As at 1 October 2023 110,500
Reversal of past impairments 8,500
As at 30 September 2024 119,000
Net Book Value
As at 30 September 2024 51,000
As at 1 October 2023 59,500
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 61,943 - 61,943
Additions 6,034 22,500 28,534
Disposals (51,896 ) - (51,896 )
As at 30 September 2024 16,081 22,500 38,581
Depreciation
As at 1 October 2023 56,138 - 56,138
Provided during the period 4,306 938 5,244
Disposals (51,896 ) - (51,896 )
As at 30 September 2024 8,548 938 9,486
Net Book Value
As at 30 September 2024 7,533 21,562 29,095
As at 1 October 2023 5,805 - 5,805
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 239,039 715,665
Prepayments and accrued income 96,231 43,839
Other debtors - 7,771
Directors' loan accounts 330,009 128,752
Amounts owed by other participating interests 87,746 11,961
753,025 907,988
Due after more than one year
Corporation tax recoverable assets 118,225 43,454
871,250 951,442
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,681 14,363
Bank loans and overdrafts 10,000 22,434
Corporation tax 172,000 113,603
Other taxes and social security 8,780 7,661
VAT 1,224 4,254
Net wages 5,535 -
Other creditors 77,950 12,257
Accruals and deferred income 54,112 235,343
362,282 409,915
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 20,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Benjamin Samuelson 64,376 100,629 - - 165,005
Mrs Kate Samuelson 64,376 100,628 - - 165,004
The above loan is unsecured, interest free and repayable on demand.
Page 5