Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 30 June 2025 30 June 2025 06031958 Mr M A Wright Mrs K D Wright Mrs K D Wright Mr Michael Wright true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06031958 2023-12-31 06031958 2025-06-30 06031958 2024-01-01 2025-06-30 06031958 frs-core:CurrentFinancialInstruments 2025-06-30 06031958 frs-core:ComputerEquipment 2024-01-01 2025-06-30 06031958 frs-core:FurnitureFittings 2024-01-01 2025-06-30 06031958 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2025-06-30 06031958 frs-core:MotorVehicles 2024-01-01 2025-06-30 06031958 frs-core:PlantMachinery 2025-06-30 06031958 frs-core:PlantMachinery 2024-01-01 2025-06-30 06031958 frs-core:PlantMachinery 2023-12-31 06031958 frs-core:ShareCapital 2025-06-30 06031958 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 06031958 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-06-30 06031958 frs-bus:FilletedAccounts 2024-01-01 2025-06-30 06031958 frs-bus:SmallEntities 2024-01-01 2025-06-30 06031958 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2025-06-30 06031958 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-06-30 06031958 1 2024-01-01 2025-06-30 06031958 frs-bus:Director1 2024-01-01 2025-06-30 06031958 frs-bus:Director2 2024-01-01 2025-06-30 06031958 frs-bus:CompanySecretary1 2024-01-01 2025-06-30 06031958 frs-countries:EnglandWales 2024-01-01 2025-06-30 06031958 2022-12-31 06031958 2023-12-31 06031958 2023-01-01 2023-12-31 06031958 frs-core:CurrentFinancialInstruments 2023-12-31 06031958 frs-core:ShareCapital 2023-12-31 06031958 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06031958
WGS East Limited
Financial Statements
For the Period 1 January 2024 to 30 June 2025
Fairman Harris
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06031958
30 June 2025 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 408
- 408
CURRENT ASSETS
Debtors 6 17,186 101,358
Cash at bank and in hand 277,134 361,190
294,320 462,548
Creditors: Amounts Falling Due Within One Year 7 (8,981 ) (50,939 )
NET CURRENT ASSETS (LIABILITIES) 285,339 411,609
TOTAL ASSETS LESS CURRENT LIABILITIES 285,339 412,017
PROVISIONS FOR LIABILITIES
Deferred Taxation - (77 )
NET ASSETS 285,339 411,940
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 284,339 410,940
SHAREHOLDERS' FUNDS 285,339 411,940
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Page 2
For the period ending 30 June 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 Profit and Loss Account.
On behalf of the board
Mrs K D Wright
Director
1 September 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
WGS East Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06031958 . The registered office is Fairman Harris, 1 Landor Road, London, SW9 9RX.
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.
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 N/A
Plant & Machinery 25 % Reducing Balance
Motor Vehicles N/A
Fixtures & Fittings N/A
Computer Equipment N/A
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. 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 period, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 8)
1 8
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 544
Disposals (255 )
As at 30 June 2025 289
Depreciation
As at 1 January 2024 136
Provided during the period 153
As at 30 June 2025 289
Net Book Value
As at 30 June 2025 -
As at 1 January 2024 408
5. Stocks
30 June 2025 31 December 2023
£ £
6. Debtors
30 June 2025 31 December 2023
£ £
Due within one year
Trade debtors - 66,446
Prepayments and accrued income - 8,513
Other debtors - 25,750
Corporation tax recoverable assets 15,039 -
VAT 2,147 649
17,186 101,358
7. Creditors: Amounts Falling Due Within One Year
30 June 2025 31 December 2023
£ £
Trade creditors 231 7,288
Corporation tax - 39,515
Other taxes and social security - 33
Accruals and deferred income 8,750 4,103
8,981 50,939
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8. Share Capital
30 June 2025 31 December 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Michael Wright by virtue of his ownership of 51% of the issued share capital in the company.
Page 5