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Registered number: 06975889
Northwood (Wirral) Limited
Financial Statements
For The Year Ended 31 March 2025
Pennington Williams Limited
Chartered Certified Accountants
STANHOPE HOUSE
MARK RAKE
BROMBOROUGH
WIRRAL
CH62 2DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06975889
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,802 17,253
Tangible Assets 5 292,622 294,294
306,424 311,547
CURRENT ASSETS
Debtors 6 26,198 26,108
Cash at bank and in hand 224,613 211,826
250,811 237,934
Creditors: Amounts Falling Due Within One Year 7 (203,124 ) (170,354 )
NET CURRENT ASSETS (LIABILITIES) 47,687 67,580
TOTAL ASSETS LESS CURRENT LIABILITIES 354,111 379,127
Creditors: Amounts Falling Due After More Than One Year 8 (145,553 ) (164,571 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,415 ) (8,696 )
NET ASSETS 201,143 205,860
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 201,141 205,858
SHAREHOLDERS' FUNDS 201,143 205,860
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 D Highet
Director
15/12/2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Northwood (Wirral) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06975889 . The registered office is 78 Telegraph Road, Heswall, Wirral, CH60 0AQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.  Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.4. 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 useful life.
2.5. 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% reducing balance
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2.6. 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.
2.7. 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.9. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price.  They are subsequently measured at amortised cost using the effective interest method, less provision for impairment.  A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.10. Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.  Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 136,238
As at 31 March 2025 136,238
Amortisation
As at 1 April 2024 118,985
Provided during the period 3,451
As at 31 March 2025 122,436
...CONTINUED
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Net Book Value
As at 31 March 2025 13,802
As at 1 April 2024 17,253
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 276,764 71,790 348,554
Additions - 1,126 1,126
As at 31 March 2025 276,764 72,916 349,680
Depreciation
As at 1 April 2024 - 54,260 54,260
Provided during the period - 2,798 2,798
As at 31 March 2025 - 57,058 57,058
Net Book Value
As at 31 March 2025 276,764 15,858 292,622
As at 1 April 2024 276,764 17,530 294,294
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,614 12,071
Prepayments and accrued income 6,160 8,174
Other debtors 15,424 5,863
26,198 26,108
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 10,440 10,183
Other loans 7,716 7,716
Other creditors 161,052 140,418
Taxation and social security 23,916 12,037
203,124 170,354
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,651 13,091
Other loans 142,902 151,480
145,553 164,571
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Capital Commitments
2025 2024
£ £
At the end of the period 4,218 7,381
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
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