Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07336380 Mr Wayne McGill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07336380 2024-03-31 07336380 2025-03-31 07336380 2024-04-01 2025-03-31 07336380 frs-core:CurrentFinancialInstruments 2025-03-31 07336380 frs-core:Non-currentFinancialInstruments 2025-03-31 07336380 frs-core:ComputerEquipment 2025-03-31 07336380 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07336380 frs-core:ComputerEquipment 2024-03-31 07336380 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07336380 frs-core:NetGoodwill 2025-03-31 07336380 frs-core:NetGoodwill 2024-04-01 2025-03-31 07336380 frs-core:NetGoodwill 2024-03-31 07336380 frs-core:MotorVehicles 2025-03-31 07336380 frs-core:MotorVehicles 2024-04-01 2025-03-31 07336380 frs-core:MotorVehicles 2024-03-31 07336380 frs-core:PlantMachinery 2025-03-31 07336380 frs-core:PlantMachinery 2024-04-01 2025-03-31 07336380 frs-core:PlantMachinery 2024-03-31 07336380 frs-core:ShareCapital 2025-03-31 07336380 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07336380 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07336380 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07336380 frs-bus:SmallEntities 2024-04-01 2025-03-31 07336380 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07336380 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07336380 frs-bus:Director1 2024-04-01 2025-03-31 07336380 frs-countries:EnglandWales 2024-04-01 2025-03-31 07336380 2023-03-31 07336380 2024-03-31 07336380 2023-04-01 2024-03-31 07336380 frs-core:CurrentFinancialInstruments 2024-03-31 07336380 frs-core:Non-currentFinancialInstruments 2024-03-31 07336380 frs-core:ShareCapital 2024-03-31 07336380 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07336380
Wayne McGill Limited
Financial Statements
For The Year Ended 31 March 2025
Leathley & Co - Whaley Bridge Office
1 Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07336380
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 27,274 36,366
27,274 36,366
CURRENT ASSETS
Stocks 6 28,293 27,399
Debtors 7 2,602 2,165
Cash at bank and in hand 44,628 32,790
75,523 62,354
Creditors: Amounts Falling Due Within One Year 8 (40,288 ) (31,231 )
NET CURRENT ASSETS (LIABILITIES) 35,235 31,123
TOTAL ASSETS LESS CURRENT LIABILITIES 62,509 67,489
Creditors: Amounts Falling Due After More Than One Year 9 (4,658 ) (14,062 )
NET ASSETS 57,851 53,427
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 57,751 53,327
SHAREHOLDERS' FUNDS 57,851 53,427
Page 1
Page 2
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 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 Wayne McGill
Director
05/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wayne McGill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07336380 . The registered office is 78 Park Lane, Poynton, Cheshire, SK12 1RE.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
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 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 15
2.5. 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.
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Amortisation
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 3,753 54,481 1,078 59,312
As at 31 March 2025 3,753 54,481 1,078 59,312
Depreciation
As at 1 April 2024 3,753 18,115 1,078 22,946
Provided during the period - 9,092 - 9,092
As at 31 March 2025 3,753 27,207 1,078 32,038
Net Book Value
As at 31 March 2025 - 27,274 - 27,274
As at 1 April 2024 - 36,366 - 36,366
6. Stocks
2025 2024
£ £
Work in progress 28,293 27,399
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,478 -
Other debtors 1,124 2,165
2,602 2,165
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,222 3,879
Bank loans and overdrafts 9,896 9,895
Other creditors 3,287 983
Taxation and social security 21,883 16,474
40,288 31,231
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,658 14,062
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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