Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08325883 Mrs E L Edwards Mr R B Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08325883 2024-03-31 08325883 2025-03-31 08325883 2024-04-01 2025-03-31 08325883 frs-core:CurrentFinancialInstruments 2025-03-31 08325883 frs-core:Non-currentFinancialInstruments 2025-03-31 08325883 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08325883 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08325883 frs-core:PlantMachinery 2025-03-31 08325883 frs-core:PlantMachinery 2024-04-01 2025-03-31 08325883 frs-core:PlantMachinery 2024-03-31 08325883 frs-core:ShareCapital 2025-03-31 08325883 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08325883 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08325883 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08325883 frs-bus:SmallEntities 2024-04-01 2025-03-31 08325883 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08325883 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08325883 frs-bus:Director1 2024-04-01 2025-03-31 08325883 frs-bus:Director1 2024-03-31 08325883 frs-bus:Director1 2025-03-31 08325883 frs-bus:Director2 2024-04-01 2025-03-31 08325883 frs-bus:Director2 2024-03-31 08325883 frs-bus:Director2 2025-03-31 08325883 frs-countries:EnglandWales 2024-04-01 2025-03-31 08325883 2023-03-31 08325883 2024-03-31 08325883 2023-04-01 2024-03-31 08325883 frs-core:CurrentFinancialInstruments 2024-03-31 08325883 frs-core:Non-currentFinancialInstruments 2024-03-31 08325883 frs-core:ShareCapital 2024-03-31 08325883 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08325883
Redwards Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 08325883
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,934 46,998
33,934 46,998
CURRENT ASSETS
Debtors 5 244,000 230,732
Cash at bank and in hand 126,465 201,390
370,465 432,122
Creditors: Amounts Falling Due Within One Year 6 (110,704 ) (128,635 )
NET CURRENT ASSETS (LIABILITIES) 259,761 303,487
TOTAL ASSETS LESS CURRENT LIABILITIES 293,695 350,485
Creditors: Amounts Falling Due After More Than One Year 7 (22,580 ) (28,028 )
NET ASSETS 271,115 322,457
CAPITAL AND RESERVES
Called up share capital 8 200 200
Income Statement 270,915 322,257
SHAREHOLDERS' FUNDS 271,115 322,457
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 Income Statement.
The financial statements were approved by the board of directors on 11 August 2025 and were signed on its behalf by:
Mrs E L Edwards
Director
Mr R B Edwards
Director
11 August 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
Redwards Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08325883 . The registered office is Calf Barn, Shopland Road, Rochford, Essex, SS4 1LT.
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.
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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are recognised in the income statement on a straight line basis over the period of the lease.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
Page 2
Page 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 70,669
Additions 5,071
As at 31 March 2025 75,740
Depreciation
As at 1 April 2024 23,671
Provided during the period 18,135
As at 31 March 2025 41,806
Net Book Value
As at 31 March 2025 33,934
As at 1 April 2024 46,998
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 244,000 230,732
Included within Other Debtors are staff loans of £124,000 (2024: £100,000).
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 5,405 5,416
Taxation and social security 105,299 123,219
110,704 128,635
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 22,580 28,028
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Emma Edwards 65,686 76,114 81,800 - 60,000
Mr Rodney Edwards 65,048 76,752 81,800 - 60,000
Various amounts were advanced to the directors with no variable rate interest charged. The loans will be repaid by 31st December 2025.
Page 4