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 09933753 Mr Daniel Bryant true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09933753 2023-12-31 09933753 2024-12-31 09933753 2024-01-01 2024-12-31 09933753 frs-core:CurrentFinancialInstruments 2024-12-31 09933753 frs-core:PlantMachinery 2024-12-31 09933753 frs-core:PlantMachinery 2024-01-01 2024-12-31 09933753 frs-core:PlantMachinery 2023-12-31 09933753 frs-core:ShareCapital 2024-12-31 09933753 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09933753 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09933753 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09933753 frs-bus:SmallEntities 2024-01-01 2024-12-31 09933753 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09933753 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09933753 1 2024-01-01 2024-12-31 09933753 frs-bus:Director1 2024-01-01 2024-12-31 09933753 frs-bus:Director1 2023-12-31 09933753 frs-bus:Director1 2024-12-31 09933753 frs-countries:EnglandWales 2024-01-01 2024-12-31 09933753 2022-12-31 09933753 2023-12-31 09933753 2023-01-01 2023-12-31 09933753 frs-core:CurrentFinancialInstruments 2023-12-31 09933753 frs-core:ShareCapital 2023-12-31 09933753 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09933753
The IWH Group Limited
Financial Statements
For The Year Ended 31 December 2024
Tax & Accounts SW Ltd
Chartered Tax Advisers
92 Fore Street
Kingsbridge
Devon
TQ7 1PP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09933753
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,453 2,849
3,453 2,849
CURRENT ASSETS
Stocks 5 12,637 11,494
Debtors 6 87,388 91,373
Cash at bank and in hand 60,121 20,382
160,146 123,249
Creditors: Amounts Falling Due Within One Year 7 (97,634 ) (83,066 )
NET CURRENT ASSETS (LIABILITIES) 62,512 40,183
TOTAL ASSETS LESS CURRENT LIABILITIES 65,965 43,032
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (750 ) (541 )
NET ASSETS 65,215 42,491
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 65,115 42,391
SHAREHOLDERS' FUNDS 65,215 42,491
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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 Daniel Bryant
Director
24 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
The IWH Group Limited Registered number 09933753 is a limited by shares company incorporated in England & Wales. The Registered Office is The Old Warehouse, Prince of Wales Road, Kingsbridge, Devon, TQ7 1DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% reducing balance
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 6,762
Additions 1,470
As at 31 December 2024 8,232
Depreciation
As at 1 January 2024 3,913
Provided during the period 866
As at 31 December 2024 4,779
Net Book Value
As at 31 December 2024 3,453
As at 1 January 2024 2,849
5. Stocks
2024 2023
£ £
Work in progress 12,637 11,494
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,945 14,247
Prepayments and accrued income 13,194 12,776
Director's loan account 67,249 64,350
87,388 91,373
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,296 8,814
Corporation tax 75,505 52,600
Other taxes and social security 345 246
VAT 2,474 8,407
Other creditors 41 7
Accruals and deferred income 16,973 12,992
97,634 83,066
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8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2024 2023
£ £
Other timing differences 750 541
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Daniel Bryant 64,350 73,111 70,211 - 67,249
The above loan is unsecured, interest is charged at the rate of 2.5% and the loan is repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of his ownership of 75% of the issued share capital in the company.
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