Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03145682 Mr S D Mullins Mr L W Howells Mr P D Mullins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03145682 2024-03-31 03145682 2025-03-31 03145682 2024-04-01 2025-03-31 03145682 frs-core:CurrentFinancialInstruments 2025-03-31 03145682 frs-core:Non-currentFinancialInstruments 2025-03-31 03145682 frs-core:ComputerEquipment 2025-03-31 03145682 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03145682 frs-core:ComputerEquipment 2024-03-31 03145682 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03145682 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03145682 frs-core:FurnitureFittings 2025-03-31 03145682 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03145682 frs-core:FurnitureFittings 2024-03-31 03145682 frs-core:MotorVehicles 2025-03-31 03145682 frs-core:MotorVehicles 2024-04-01 2025-03-31 03145682 frs-core:MotorVehicles 2024-03-31 03145682 frs-core:PlantMachinery 2025-03-31 03145682 frs-core:PlantMachinery 2024-04-01 2025-03-31 03145682 frs-core:PlantMachinery 2024-03-31 03145682 frs-core:RevaluationReserve 2024-03-31 03145682 frs-core:RevaluationReserve 2025-03-31 03145682 frs-core:ShareCapital 2025-03-31 03145682 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03145682 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03145682 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03145682 frs-bus:SmallEntities 2024-04-01 2025-03-31 03145682 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03145682 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03145682 frs-bus:Director1 2024-04-01 2025-03-31 03145682 frs-bus:Director2 2024-04-01 2025-03-31 03145682 frs-bus:Director3 2024-04-01 2025-03-31 03145682 frs-countries:EnglandWales 2024-04-01 2025-03-31 03145682 2023-03-31 03145682 2024-03-31 03145682 2023-04-01 2024-03-31 03145682 frs-core:CurrentFinancialInstruments 2024-03-31 03145682 frs-core:Non-currentFinancialInstruments 2024-03-31 03145682 frs-core:WithinOneYear 2024-03-31 03145682 frs-core:RevaluationReserve 2024-03-31 03145682 frs-core:ShareCapital 2024-03-31 03145682 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03145682
B W M Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03145682
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 67,192 82,041
67,192 82,041
CURRENT ASSETS
Stocks 6 9,050 9,050
Debtors 7 25,734 363,537
Cash at bank and in hand 1,750,030 833,370
1,784,814 1,205,957
Creditors: Amounts Falling Due Within One Year 8 (1,281,640 ) (664,439 )
NET CURRENT ASSETS (LIABILITIES) 503,174 541,518
TOTAL ASSETS LESS CURRENT LIABILITIES 570,366 623,559
Creditors: Amounts Falling Due After More Than One Year 9 - (54,946 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,767 ) (15,588 )
NET ASSETS 557,599 553,025
CAPITAL AND RESERVES
Called up share capital 24,549 24,549
Revaluation reserve 11 41,229 41,229
Profit and Loss Account 491,821 487,247
SHAREHOLDERS' FUNDS 557,599 553,025
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 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 S D Mullins
Director
30/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B W M Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03145682 . The registered office is Bwm House, Unit A5 Severn Road, Treforest Industrial Estate, Pontypridd, Rhondda Cynon Taff, CF37 5SQ.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. 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
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing balance
2.5. 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.
2.6. 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.
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 25)
26 25
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 11,945
As at 31 March 2025 11,945
Amortisation
As at 1 April 2024 11,945
As at 31 March 2025 11,945
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 374,692 103,150 14,318 7,934 500,094
As at 31 March 2025 374,692 103,150 14,318 7,934 500,094
Depreciation
As at 1 April 2024 308,486 92,628 10,554 6,385 418,053
Provided during the period 9,931 3,466 941 511 14,849
As at 31 March 2025 318,417 96,094 11,495 6,896 432,902
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 56,275 7,056 2,823 1,038 67,192
As at 1 April 2024 66,206 10,522 3,764 1,549 82,041
6. Stocks
2025 2024
£ £
Stock and work in progress 9,050 9,050
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,639 11,670
Amounts owed by group undertakings - 238,092
Other debtors 21,095 113,775
25,734 363,537
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 2,217
Trade creditors 224,305 251,619
Bank loans and overdrafts 54,946 60,328
Amounts owed to group undertakings 1,302 -
Other creditors 893,191 295,921
Taxation and social security 107,896 54,354
1,281,640 664,439
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 54,946
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,217
11. Reserves
Revaluation Reserve
£
As at 1 April 2024 41,229
As at 31 March 2025 41,229
Page 5