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 05764592 Mr A Brownlee Mr J Walker Mr J Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05764592 2023-12-31 05764592 2024-12-31 05764592 2024-01-01 2024-12-31 05764592 frs-core:CurrentFinancialInstruments 2024-12-31 05764592 frs-core:Non-currentFinancialInstruments 2024-12-31 05764592 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05764592 frs-core:FurnitureFittings 2024-12-31 05764592 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05764592 frs-core:FurnitureFittings 2023-12-31 05764592 frs-core:OtherResidualIntangibleAssets 2024-12-31 05764592 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 05764592 frs-core:OtherResidualIntangibleAssets 2023-12-31 05764592 frs-core:PlantMachinery 2024-12-31 05764592 frs-core:PlantMachinery 2024-01-01 2024-12-31 05764592 frs-core:PlantMachinery 2023-12-31 05764592 frs-core:ShareCapital 2024-12-31 05764592 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05764592 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05764592 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05764592 frs-bus:SmallEntities 2024-01-01 2024-12-31 05764592 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05764592 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05764592 frs-core:DeferredTaxation 2024-01-01 2024-12-31 05764592 frs-core:DeferredTaxation 2024-12-31 05764592 frs-bus:Director1 2024-01-01 2024-12-31 05764592 frs-bus:Director2 2024-01-01 2024-12-31 05764592 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05764592 frs-countries:EnglandWales 2024-01-01 2024-12-31 05764592 2022-12-31 05764592 2023-12-31 05764592 2023-01-01 2023-12-31 05764592 frs-core:CurrentFinancialInstruments 2023-12-31 05764592 frs-core:Non-currentFinancialInstruments 2023-12-31 05764592 frs-core:ShareCapital 2023-12-31 05764592 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05764592
BWD Search & Selection Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Search Accountancy Limited
BWD Search & Selection Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
BWD Search & Selection Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 05764592

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 864 |  | 5,960
Tangible Assets | 5 |  | 21,940 |  | 10,822
|  |  | 22,804 |  | 16,782
CURRENT ASSETS
Debtors | 6 | 990,463 |  | 1,191,867 |
Cash at bank and in hand |  | 206,116 |  | 531,588 |
|  | 1,196,579 |  | 1,723,455 |
Creditors: Amounts Falling Due Within One Year | 7 | (555,063 ) |  | (871,495 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 641,516 |  | 851,960
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 664,320 |  | 868,742
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (106,293 ) |  | (183,139 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (22,979 ) |  | -
NET ASSETS |  |  | 535,048 |  | 685,603
CAPITAL AND RESERVES
Called up share capital | 10 |  | 999 |  | 999
Income Statement |  |  | 534,049 |  | 684,604
SHAREHOLDERS' FUNDS |  |  | 535,048 |  | 685,603

Page 1
Page 2
BWD Search & Selection Limited
Statement of Financial Position (continued)
As At 31 December 2024
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 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.
On behalf of the board

Mr J Walker Director
18/08/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
BWD Search & Selection Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
BWD Search & Selection Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05764592 . The registered office is St James House, 28 Park Place, Leeds, LS1 2SP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recognised at cost. After recognition intangible assets are measured at cost less accumulated amortisation.
2.4. 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 | 25% RBM
Fixtures & Fittings | 25% RBM

2.5. 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 income statement 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 income statement as incurred.
Page 3
Page 4
BWD Search & Selection Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 21)
20 21
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2024 | 15,301
As at 31 December 2024 | 15,301
Amortisation
As at 1 January 2024 | 9,341
Provided during the period | 5,096
As at 31 December 2024 | 14,437
Net Book Value
As at 31 December 2024 | 864
As at 1 January 2024 | 5,960

Page 4
Page 5
BWD Search & Selection Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 90,041 | 23,712 | 113,753
Additions | 9,800 | 4,895 | 14,695
As at 31 December 2024 | 99,841 | 28,607 | 128,448
Depreciation
As at 1 January 2024 | 81,225 | 21,706 | 102,931
Provided during the period | 2,707 | 870 | 3,577
As at 31 December 2024 | 83,932 | 22,576 | 106,508
Net Book Value
As at 31 December 2024 | 15,909 | 6,031 | 21,940
As at 1 January 2024 | 8,816 | 2,006 | 10,822

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 100,588 |  | 286,437
Other debtors | 422,159 |  | 437,714
| 522,747 |  | 724,151
Due after more than one year
Amounts owed by group undertakings | 467,716 |  | 467,716
| 990,463 |  | 1,191,867

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 71,859 |  | 75,400
Bank loans and overdrafts | 50,000 |  | 50,000
Other loans | 30,000 |  | 30,000
Corporation tax | 66,437 |  | 237,451
Other taxes and social security | 68,204 |  | 58,141
VAT | 80,239 |  | 163,933

...CONTINUED
Page 5
Page 6
BWD Search & Selection Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Other creditors | 18,252 |  | 62,649
Accruals and deferred income | 99,832 |  | 193,921
Directors' loan accounts | 70,240 |  | -
| 555,063 |  | 871,495

£50,000 of the bank loan due within one year (2022: £50,000) is guaranteed by HM Government under the CBILS scheme.
£30,000 of the bank loan due within one year (2022: £30,000) is secured by a charge over the assets and undertaking of the company and its parent company.
8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 24,999 |  | 75,000
Other loans | 81,294 |  | 108,139
| 106,293 |  | 183,139

£24,999 of the bank loan due after one year (2022: £74,999) is guaranteed by HM Government under the CBILS scheme. The final payment on this loan is due in June 2026.
£81,294 of the bank loan due within one year (2022: £108,139) is secured by a charge over the assets and undertaking of the company and its parent company.
9. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
Additions | 2,987 | 2,987
Balance at 31 December 2024 | 2,987 | 2,987

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 999 |  | 999

11. Related Party Transactions
The amounts owed from the related party The BWD Group Ltd as at the balance sheet date was £467,716.00 (2023: £467,716.00).
12. Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.
This company's parent undertaking is The BWD Group Limited, a company registered in England and Wales, company number 14513901.
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