Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08296287 Mr G J Bowater Mrs N J Bowater iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08296287 2023-11-30 08296287 2024-11-30 08296287 2023-12-01 2024-11-30 08296287 frs-core:CurrentFinancialInstruments 2024-11-30 08296287 frs-core:Non-currentFinancialInstruments 2024-11-30 08296287 frs-core:ComputerEquipment 2024-11-30 08296287 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08296287 frs-core:ComputerEquipment 2023-11-30 08296287 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 08296287 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08296287 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 08296287 frs-core:MotorVehicles 2024-11-30 08296287 frs-core:MotorVehicles 2023-12-01 2024-11-30 08296287 frs-core:MotorVehicles 2023-11-30 08296287 frs-core:ShareCapital 2024-11-30 08296287 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08296287 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08296287 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08296287 frs-bus:SmallEntities 2023-12-01 2024-11-30 08296287 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08296287 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08296287 frs-bus:Director1 2023-12-01 2024-11-30 08296287 frs-bus:Director2 2023-12-01 2024-11-30 08296287 frs-countries:EnglandWales 2023-12-01 2024-11-30 08296287 2022-11-30 08296287 2023-11-30 08296287 2022-12-01 2023-11-30 08296287 frs-core:CurrentFinancialInstruments 2023-11-30 08296287 frs-core:Non-currentFinancialInstruments 2023-11-30 08296287 frs-core:ShareCapital 2023-11-30 08296287 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08296287
B2 Wealth Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08296287
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 207,040 200,730
207,040 200,730
CURRENT ASSETS
Debtors 5 7,758 6,128
Cash at bank and in hand 11,067 74,901
18,825 81,029
Creditors: Amounts Falling Due Within One Year 6 (62,432 ) (50,625 )
NET CURRENT ASSETS (LIABILITIES) (43,607 ) 30,404
TOTAL ASSETS LESS CURRENT LIABILITIES 163,433 231,134
Creditors: Amounts Falling Due After More Than One Year 7 (6,160 ) (16,514 )
PROVISIONS FOR LIABILITIES
Deferred taxation (7,328 ) (9,426 )
NET ASSETS 149,945 205,194
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 149,845 205,094
SHAREHOLDERS' FUNDS 149,945 205,194
Page 1
Page 2
For the year ending 30 November 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 G J Bowater
Director
8 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
B2 Wealth Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08296287 . The registered office is Allium House , 12 Enterprise Way, Pinchbeck, Spalding, PE11 3YR.
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:
Freehold No depreciation
Motor vehicles 25% reducing balance
Equipment and fixtures 20% reducing balance
2.4. 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable.
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2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method
2.8. Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. 
2.9. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 
2.10. Interest income
Interest income is recognised in the profit and loss using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible assets
Land & Property
Freehold Motor vehicles Equipment and fixtures Total
£ £ £ £
Cost
As at 1 December 2023 151,504 58,135 19,219 228,858
Additions 17,351 - 1,387 18,738
Disposals - - (584 ) (584 )
As at 30 November 2024 168,855 58,135 20,022 247,012
Depreciation
As at 1 December 2023 - 17,258 10,870 28,128
Provided during the period - 10,219 1,722 11,941
Disposals - - (97 ) (97 )
As at 30 November 2024 - 27,477 12,495 39,972
Net Book Value
As at 30 November 2024 168,855 30,658 7,527 207,040
As at 1 December 2023 151,504 40,877 8,349 200,730
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,758 6,128
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,157 989
Bank loans and overdrafts 10,354 10,098
Other creditors 41,081 30,995
Taxation and social security 7,840 8,543
62,432 50,625
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,160 16,514
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £115 (2023: £150) were due to the fund. They are included in other creditors.
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