Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08453439 Mr Donald MacPherson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08453439 2024-03-31 08453439 2025-03-31 08453439 2024-04-01 2025-03-31 08453439 frs-core:CurrentFinancialInstruments 2025-03-31 08453439 frs-core:Non-currentFinancialInstruments 2025-03-31 08453439 frs-core:BetweenOneFiveYears 2025-03-31 08453439 frs-core:ComputerEquipment 2025-03-31 08453439 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08453439 frs-core:ComputerEquipment 2024-03-31 08453439 frs-core:FurnitureFittings 2025-03-31 08453439 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08453439 frs-core:FurnitureFittings 2024-03-31 08453439 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 08453439 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 08453439 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08453439 frs-core:MotorVehicles 2025-03-31 08453439 frs-core:MotorVehicles 2024-04-01 2025-03-31 08453439 frs-core:MotorVehicles 2024-03-31 08453439 frs-core:PlantMachinery 2025-03-31 08453439 frs-core:PlantMachinery 2024-04-01 2025-03-31 08453439 frs-core:PlantMachinery 2024-03-31 08453439 frs-core:WithinOneYear 2025-03-31 08453439 frs-core:ShareCapital 2025-03-31 08453439 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08453439 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08453439 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08453439 frs-bus:SmallEntities 2024-04-01 2025-03-31 08453439 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08453439 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08453439 frs-bus:Director1 2024-04-01 2025-03-31 08453439 frs-countries:EnglandWales 2024-04-01 2025-03-31 08453439 2023-03-31 08453439 2024-03-31 08453439 2023-04-01 2024-03-31 08453439 frs-core:CurrentFinancialInstruments 2024-03-31 08453439 frs-core:Non-currentFinancialInstruments 2024-03-31 08453439 frs-core:BetweenOneFiveYears 2024-03-31 08453439 frs-core:WithinOneYear 2024-03-31 08453439 frs-core:ShareCapital 2024-03-31 08453439 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08453439
Munro Wilson Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08453439
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 231,406 196,696
231,406 196,696
CURRENT ASSETS
Stocks 5 150,696 164,494
Debtors 6 215,051 90,885
Cash at bank and in hand 119,582 470,036
485,329 725,415
Creditors: Amounts Falling Due Within One Year 7 (373,282 ) (641,746 )
NET CURRENT ASSETS (LIABILITIES) 112,047 83,669
TOTAL ASSETS LESS CURRENT LIABILITIES 343,453 280,365
Creditors: Amounts Falling Due After More Than One Year 8 (66,171 ) (248,978 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,632 ) (21,860 )
NET ASSETS 223,650 9,527
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 223,640 9,517
SHAREHOLDERS' FUNDS 223,650 9,527
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 Donald MacPherson
Director
28/11/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Munro Wilson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08453439 . The registered office is Castlehills Farm, Castle Terrace,, Berwick Upon Tweed, TD15 1PB.
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.
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:
Leasehold 25% Straight line
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. 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.
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. 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.
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2.7. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 10)
12 10
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 21,704 67,085 231,384 22,779
Additions - 76,684 16,021 100
As at 31 March 2025 21,704 143,769 247,405 22,879
Depreciation
As at 1 April 2024 8,204 19,728 104,484 16,964
Provided during the period 5,426 16,094 33,645 2,924
As at 31 March 2025 13,630 35,822 138,129 19,888
Net Book Value
As at 31 March 2025 8,074 107,947 109,276 2,991
As at 1 April 2024 13,500 47,357 126,900 5,815
Computer Equipment Total
£ £
Cost
As at 1 April 2024 4,331 347,283
Additions 1,224 94,029
As at 31 March 2025 5,555 441,312
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 1,207 150,587
Provided during the period 1,230 59,319
As at 31 March 2025 2,437 209,906
Net Book Value
As at 31 March 2025 3,118 231,406
As at 1 April 2024 3,124 196,696
5. Stocks
2025 2024
£ £
Materials 33,228 44,731
Work in progress 117,468 119,763
150,696 164,494
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 135,648 67,609
Other debtors 79,403 23,276
215,051 90,885
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 19,825 28,373
Trade creditors 104,625 298,843
Bank loans and overdrafts 26,704 48,493
Other creditors 150,102 99,701
Taxation and social security 72,026 166,336
373,282 641,746
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 18,161 57,015
Bank loans 48,010 191,963
66,171 248,978
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,825 28,373
Later than one year and not later than five years 18,161 57,015
37,986 85,388
37,986 85,388
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,448 (2024 - Nil) were due to the fund. They are included in Other Creditors.
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