Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04387316 Mr Simon Duly Mr Joanne Duly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04387316 2024-03-31 04387316 2025-03-31 04387316 2024-04-01 2025-03-31 04387316 frs-core:CurrentFinancialInstruments 2025-03-31 04387316 frs-core:Non-currentFinancialInstruments 2025-03-31 04387316 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04387316 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 04387316 frs-core:FurnitureFittings 2025-03-31 04387316 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04387316 frs-core:FurnitureFittings 2024-03-31 04387316 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 04387316 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 04387316 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 04387316 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04387316 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04387316 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04387316 frs-core:MotorVehicles 2025-03-31 04387316 frs-core:MotorVehicles 2024-04-01 2025-03-31 04387316 frs-core:MotorVehicles 2024-03-31 04387316 frs-core:OtherResidualIntangibleAssets 2025-03-31 04387316 frs-core:OtherResidualIntangibleAssets 2024-03-31 04387316 frs-core:PlantMachinery 2025-03-31 04387316 frs-core:PlantMachinery 2024-04-01 2025-03-31 04387316 frs-core:PlantMachinery 2024-03-31 04387316 frs-core:ShareCapital 2025-03-31 04387316 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 04387316 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04387316 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04387316 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04387316 frs-bus:SmallEntities 2024-04-01 2025-03-31 04387316 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04387316 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04387316 frs-bus:Director1 2024-04-01 2025-03-31 04387316 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04387316 frs-countries:EnglandWales 2024-04-01 2025-03-31 04387316 2023-03-31 04387316 2024-03-31 04387316 2023-04-01 2024-03-31 04387316 frs-core:CurrentFinancialInstruments 2024-03-31 04387316 frs-core:Non-currentFinancialInstruments 2024-03-31 04387316 frs-core:ShareCapital 2023-03-31 04387316 frs-core:ShareCapital 2024-03-31 04387316 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04387316 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 04387316 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04387316
S W Direct Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TAG Accountants Group Limited
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 04387316
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 228,700 257,026
228,700 257,026
CURRENT ASSETS
Stocks 6 6,860 9,300
Debtors 7 132,704 113,886
Cash at bank and in hand 11,097 11,543
150,661 134,729
Creditors: Amounts Falling Due Within One Year 8 (164,688 ) (154,442 )
NET CURRENT ASSETS (LIABILITIES) (14,027 ) (19,713 )
TOTAL ASSETS LESS CURRENT LIABILITIES 214,673 237,313
Creditors: Amounts Falling Due After More Than One Year 9 (119,639 ) (139,682 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,176 ) (16,181 )
NET ASSETS 84,858 81,450
CAPITAL AND RESERVES
Called up share capital 10 199 199
Profit and Loss Account 84,659 81,251
SHAREHOLDERS' FUNDS 84,858 81,450
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 Simon Duly
Director
30th December 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 199 77,850 78,049
Profit for the year and total comprehensive income - 84,401 84,401
Dividends paid - (81,000) (81,000)
As at 31 March 2024 and 1 April 2024 199 81,251 81,450
Profit for the year and total comprehensive income - 95,408 95,408
Dividends paid - (92,000) (92,000)
As at 31 March 2025 199 84,659 84,858
Page 3
Page 4
Notes to the Financial Statements
1. General Information
S W Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04387316 . The registered office is Unit 19c Vanguard Way, Battlefield Enterprise Park, Shrewsbury, Shropshire, SY1 3TG.
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 financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of nil years.
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:
Freehold 2% SLM
Plant & Machinery 25% RBM
Motor Vehicles 25% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 33% RBM
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
2.7. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Page 4
Page 5
2.8. 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.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 6,415
As at 31 March 2025 6,415
Amortisation
As at 1 April 2024 6,415
As at 31 March 2025 6,415
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
Page 5
Page 6
5. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2024 215,262 33,463 142,159 68,734
Disposals - - - (9,000 )
As at 31 March 2025 215,262 33,463 142,159 59,734
Depreciation
As at 1 April 2024 22,961 22,517 118,330 39,242
Provided during the period 4,305 2,737 7,864 5,560
Disposals - - - (1,255 )
As at 31 March 2025 27,266 25,254 126,194 43,547
Net Book Value
As at 31 March 2025 187,996 8,209 15,965 16,187
As at 1 April 2024 192,301 10,946 23,829 29,492
Fixtures & Fittings Total
£ £
Cost
As at 1 April 2024 5,693 465,311
Disposals - (9,000 )
As at 31 March 2025 5,693 456,311
Depreciation
As at 1 April 2024 5,235 208,285
Provided during the period 115 20,581
Disposals - (1,255 )
As at 31 March 2025 5,350 227,611
Net Book Value
As at 31 March 2025 343 228,700
As at 1 April 2024 458 257,026
6. Stocks
2025 2024
£ £
Stock 6,860 9,300
Page 6
Page 7
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 52,426 33,791
Prepayments and accrued income 1,232 1,049
53,658 34,840
Due after more than one year
Amounts owed by group undertakings 79,046 79,046
132,704 113,886
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 32,929 22,620
Bank loans and overdrafts 24,195 23,051
Corporation tax 53,275 55,310
Other taxes and social security 5,980 5,867
VAT 46,863 46,318
Accruals and deferred income 850 850
Director's loan account 596 426
164,688 154,442
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 119,639 139,682
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 199 199
Page 7