Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12373554 Mr Gary Woodward Mr G Woodward true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12373554 2023-12-31 12373554 2024-12-31 12373554 2024-01-01 2024-12-31 12373554 frs-core:CurrentFinancialInstruments 2024-12-31 12373554 frs-core:Non-currentFinancialInstruments 2024-12-31 12373554 frs-core:BetweenOneFiveYears 2024-12-31 12373554 frs-core:MotorVehicles 2024-01-01 2024-12-31 12373554 frs-core:PlantMachinery 2024-12-31 12373554 frs-core:PlantMachinery 2024-01-01 2024-12-31 12373554 frs-core:PlantMachinery 2023-12-31 12373554 frs-core:WithinOneYear 2024-12-31 12373554 frs-core:ShareCapital 2024-12-31 12373554 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12373554 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12373554 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12373554 frs-bus:SmallEntities 2024-01-01 2024-12-31 12373554 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12373554 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12373554 1 2024-01-01 2024-12-31 12373554 frs-bus:Director1 2024-01-01 2024-12-31 12373554 frs-countries:EnglandWales 2024-01-01 2024-12-31 12373554 2022-12-31 12373554 2023-12-31 12373554 2023-01-01 2023-12-31 12373554 frs-core:CurrentFinancialInstruments 2023-12-31 12373554 frs-core:Non-currentFinancialInstruments 2023-12-31 12373554 frs-core:BetweenOneFiveYears 2023-12-31 12373554 frs-core:WithinOneYear 2023-12-31 12373554 frs-core:ShareCapital 2023-12-31 12373554 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12373554
Gwp (Nw) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
My Trusted Accountant Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12373554
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 154,141 160,173
154,141 160,173
CURRENT ASSETS
Stocks 4 103,150 140,415
Debtors 5 849,418 387,231
Cash at bank and in hand 154,802 337,516
1,107,370 865,162
Creditors: Amounts Falling Due Within One Year 6 (1,017,070 ) (806,041 )
NET CURRENT ASSETS (LIABILITIES) 90,300 59,121
TOTAL ASSETS LESS CURRENT LIABILITIES 244,441 219,294
Creditors: Amounts Falling Due After More Than One Year 7 (14,004 ) (19,302 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,535 ) (30,433 )
NET ASSETS 191,902 169,559
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 191,802 169,459
SHAREHOLDERS' FUNDS 191,902 169,559
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gary Woodward
Director
08/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
1.4. 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.
1.5. 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.
1.6. 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 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.
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2. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
3. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 216,484
Additions 41,445
As at 31 December 2024 257,929
Depreciation
As at 1 January 2024 56,311
Provided during the period 47,477
As at 31 December 2024 103,788
Net Book Value
As at 31 December 2024 154,141
As at 1 January 2024 160,173
4. Stocks
2024 2023
£ £
Materials 103,150 140,415
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 710,455 270,783
Other debtors 138,963 116,448
849,418 387,231
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,843 26,631
Trade creditors 493,101 445,425
Bank loans and overdrafts 10,800 10,800
Other creditors 336,707 216,676
Taxation and social security 162,619 106,509
1,017,070 806,041
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,054 7,827
Bank loans 950 11,475
14,004 19,302
8. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge over the company.
2024 2023
£ £
Other Creditors 281,229 206,651
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,843 26,631
Later than one year and not later than five years 13,054 7,827
26,897 34,458
26,897 34,458
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Controlling Party
During the year under review, the company's ultimate controlling party is Mr G Woodward .
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