Acorah Software Products - Accounts Production 16.5.460 false true true 5 April 2024 6 April 2023 false 6 April 2024 5 April 2025 5 April 2025 03402503 Ms W C Scotland Ms J C Scotland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03402503 2024-04-05 03402503 2025-04-05 03402503 2024-04-06 2025-04-05 03402503 frs-core:CurrentFinancialInstruments 2025-04-05 03402503 frs-core:ShareCapital 2025-04-05 03402503 frs-core:RetainedEarningsAccumulatedLosses 2025-04-05 03402503 frs-bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 03402503 frs-bus:FilletedAccounts 2024-04-06 2025-04-05 03402503 frs-bus:SmallEntities 2024-04-06 2025-04-05 03402503 frs-bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 03402503 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 03402503 frs-bus:Director1 2024-04-06 2025-04-05 03402503 frs-bus:CompanySecretary1 2024-04-06 2025-04-05 03402503 frs-countries:EnglandWales 2024-04-06 2025-04-05 03402503 2023-04-05 03402503 2024-04-05 03402503 2023-04-06 2024-04-05 03402503 frs-core:CurrentFinancialInstruments 2024-04-05 03402503 frs-core:ShareCapital 2024-04-05 03402503 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05
Registered number: 03402503
Ws Associates (UK) Ltd
Unaudited Financial Statements
For The Year Ended 5 April 2025
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 03402503
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 164,269 198,479
164,269 198,479
Creditors: Amounts Falling Due Within One Year 4 (30,530 ) (40,188 )
NET CURRENT ASSETS (LIABILITIES) 133,739 158,291
TOTAL ASSETS LESS CURRENT LIABILITIES 133,739 158,291
NET ASSETS 133,739 158,291
CAPITAL AND RESERVES
Called up share capital 5 2 2
Income Statement 133,737 158,289
SHAREHOLDERS' FUNDS 133,739 158,291
For the year ending 5 April 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 her 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
Ms W C Scotland
Director
27/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ws Associates (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03402503 . The registered office is 8 Cashiobury Terrace, Southend-On-Sea, Essex, SS1 1EZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared 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. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Page 2
Page 3
2.6. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 167
Corporation tax 443 7,284
Accruals and deferred income - 8,283
Director's loan account 30,087 24,454
30,530 40,188
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
The nominal value per share is £1 and as at the year-end there are 2 Ordinary shares in issue.
6. Related Party Transactions
The company has received a loan from the directors and shareholders. At the year end the outstanding amount was £30,087. These loans are interest free and repayable on demand.
Page 3