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 06447430 Mr Dave Bullock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06447430 2023-12-31 06447430 2024-12-31 06447430 2024-01-01 2024-12-31 06447430 frs-core:CurrentFinancialInstruments 2024-12-31 06447430 frs-core:Non-currentFinancialInstruments 2024-12-31 06447430 frs-core:ComputerEquipment 2024-12-31 06447430 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06447430 frs-core:ComputerEquipment 2023-12-31 06447430 frs-core:FurnitureFittings 2024-12-31 06447430 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06447430 frs-core:FurnitureFittings 2023-12-31 06447430 frs-core:ShareCapital 2024-12-31 06447430 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06447430 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06447430 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06447430 frs-bus:SmallEntities 2024-01-01 2024-12-31 06447430 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06447430 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06447430 frs-bus:Director1 2024-01-01 2024-12-31 06447430 frs-countries:EnglandWales 2024-01-01 2024-12-31 06447430 2022-12-31 06447430 2023-12-31 06447430 2023-01-01 2023-12-31 06447430 frs-core:CurrentFinancialInstruments 2023-12-31 06447430 frs-core:Non-currentFinancialInstruments 2023-12-31 06447430 frs-core:ShareCapital 2023-12-31 06447430 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06447430
Captain Watts Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Newmans Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06447430
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 38
- 38
CURRENT ASSETS
Stocks 5 30,181 35,437
Debtors 6 1,019 2,888
Cash at bank and in hand 281 270
31,481 38,595
Creditors: Amounts Falling Due Within One Year 7 (92,886 ) (74,631 )
NET CURRENT ASSETS (LIABILITIES) (61,405 ) (36,036 )
TOTAL ASSETS LESS CURRENT LIABILITIES (61,405 ) (35,998 )
Creditors: Amounts Falling Due After More Than One Year 8 (4,288 ) (10,541 )
NET LIABILITIES (65,693 ) (46,539 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (65,695 ) (46,541 )
SHAREHOLDERS' FUNDS (65,693) (46,539)
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 Dave Bullock
Director
30/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Captain Watts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06447430 . The registered office is Unit 2c, South Hams Business Park, Churchstow, Devon, TQ7 3QH.
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. 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:
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 3,380 25,860 29,240
As at 31 December 2024 3,380 25,860 29,240
Depreciation
As at 1 January 2024 3,380 25,822 29,202
Provided during the period - 38 38
As at 31 December 2024 3,380 25,860 29,240
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - 38 38
5. Stocks
2024 2023
£ £
Stock 30,181 35,437
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56 2,888
VAT 963 -
1,019 2,888
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,840 1,791
Bank loans and overdrafts 14,144 13,040
VAT - 113
Other creditors 2,777 320
Accruals and deferred income 420 420
Director's loan account 73,705 58,947
92,886 74,631
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,288 10,541
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4