Acorah Software Products - Accounts Production 16.4.675 false true false 17 July 2023 31 July 2024 31 July 2024 15007533 Mr B K Wardle Mrs R A Butterworth-Wardle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15007533 2023-07-16 15007533 2024-07-31 15007533 2023-07-17 2024-07-31 15007533 frs-core:CurrentFinancialInstruments 2024-07-31 15007533 frs-core:Non-currentFinancialInstruments 2024-07-31 15007533 frs-core:BetweenOneFiveYears 2024-07-31 15007533 frs-core:MotorVehicles 2024-07-31 15007533 frs-core:MotorVehicles 2023-07-17 2024-07-31 15007533 frs-core:MotorVehicles 2023-07-16 15007533 frs-core:PlantMachinery 2024-07-31 15007533 frs-core:PlantMachinery 2023-07-17 2024-07-31 15007533 frs-core:PlantMachinery 2023-07-16 15007533 frs-core:WithinOneYear 2024-07-31 15007533 frs-core:ShareCapital 2024-07-31 15007533 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 15007533 frs-bus:PrivateLimitedCompanyLtd 2023-07-17 2024-07-31 15007533 frs-bus:FilletedAccounts 2023-07-17 2024-07-31 15007533 frs-bus:SmallEntities 2023-07-17 2024-07-31 15007533 frs-bus:AuditExempt-NoAccountantsReport 2023-07-17 2024-07-31 15007533 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-17 2024-07-31 15007533 frs-bus:Director1 2023-07-17 2024-07-31 15007533 frs-bus:Director2 2023-07-17 2024-07-31 15007533 frs-countries:EnglandWales 2023-07-17 2024-07-31
Registered number: 15007533
W Property Limited
Financial Statements
For the Period 17 July 2023 to 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15007533
31 July 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 67,671
67,671
CURRENT ASSETS
Stocks 5 134,497
Cash at bank and in hand 6,674
141,171
Creditors: Amounts Falling Due Within One Year 6 (176,824 )
NET CURRENT ASSETS (LIABILITIES) (35,653 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,018
Creditors: Amounts Falling Due After More Than One Year 7 (22,493 )
NET ASSETS 9,525
CAPITAL AND RESERVES
Called up share capital 9 1
Profit and Loss Account 9,524
SHAREHOLDERS' FUNDS 9,525
For the period ending 31 July 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
Mr B K Wardle
Director
10 July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
W Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15007533 . The registered office is 28 Little Lane, Kimberley, Nottingham, NG16 2PE.
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. 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 20% reducing balance
Motor Vehicles 20% reducing balance
2.3. Leasing and Hire Purchase Contracts
Assets obtained under 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 the profit and loss account as incurred.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 17 July 2023 37,101 39,990 77,091
As at 31 July 2024 37,101 39,990 77,091
Depreciation
As at 17 July 2023 - - -
Provided during the period 7,420 2,000 9,420
As at 31 July 2024 7,420 2,000 9,420
Net Book Value
As at 31 July 2024 29,681 37,990 67,671
As at 17 July 2023 37,101 39,990 77,091
Page 2
Page 3
5. Stocks
31 July 2024
£
Stock 134,497
6. Creditors: Amounts Falling Due Within One Year
31 July 2024
£
Net obligations under finance lease and hire purchase contracts 5,998
Other loans 81,400
Other creditors 30,725
Accruals and deferred income 720
Directors' loan accounts 57,981
176,824
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2024
£
Net obligations under finance lease and hire purchase contracts 22,493
8. Obligations Under Finance Leases and Hire Purchase
31 July 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 5,998
Later than one year and not later than five years 22,493
28,491
28,491
9. Share Capital
31 July 2024
£
Allotted, Called up and fully paid 1
10. Related Party Transactions
At the balance sheet date, the amount owed to the director through the directors loan accounts totalled £57,981.
The directors loan account is unsecured, interest free and repayable on demand.
Page 3