Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07269451 Mrs Yasmin Waqi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07269451 2024-03-31 07269451 2025-03-31 07269451 2024-04-01 2025-03-31 07269451 frs-core:CurrentFinancialInstruments 2025-03-31 07269451 frs-core:Non-currentFinancialInstruments 2025-03-31 07269451 frs-core:FurnitureFittings 2025-03-31 07269451 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07269451 frs-core:FurnitureFittings 2024-03-31 07269451 frs-core:PlantMachinery 2025-03-31 07269451 frs-core:PlantMachinery 2024-04-01 2025-03-31 07269451 frs-core:PlantMachinery 2024-03-31 07269451 frs-core:ShareCapital 2025-03-31 07269451 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07269451 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07269451 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07269451 frs-bus:SmallEntities 2024-04-01 2025-03-31 07269451 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07269451 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07269451 frs-bus:Director1 2024-04-01 2025-03-31 07269451 frs-countries:EnglandWales 2024-04-01 2025-03-31 07269451 2023-03-31 07269451 2024-03-31 07269451 2023-04-01 2024-03-31 07269451 frs-core:CurrentFinancialInstruments 2024-03-31 07269451 frs-core:Non-currentFinancialInstruments 2024-03-31 07269451 frs-core:ShareCapital 2024-03-31 07269451 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07269451
Wyb I.T. Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07269451
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,553 10,692
8,553 10,692
CURRENT ASSETS
Stocks 5 15,000 23,000
Debtors 6 27,707 27,676
Cash at bank and in hand 10,177 6,983
52,884 57,659
Creditors: Amounts Falling Due Within One Year 7 (22,049 ) (25,045 )
NET CURRENT ASSETS (LIABILITIES) 30,835 32,614
TOTAL ASSETS LESS CURRENT LIABILITIES 39,388 43,306
Creditors: Amounts Falling Due After More Than One Year 8 (36,042 ) (43,600 )
NET ASSETS/(LIABILITIES) 3,346 (294 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 3,246 (394 )
SHAREHOLDERS' FUNDS 3,346 (294)
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 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 Profit and Loss Account.
On behalf of the board
Mrs Yasmin Waqi
Director
18/12/2025
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
Wyb I.T. Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07269451 . The registered office is 308 Holloway Road, London, N7 6NJ.
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. 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 20% reducing balance method
Fixtures & Fittings 20% reduncing balance method
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 4,670 21,434 26,104
As at 31 March 2025 4,670 21,434 26,104
Depreciation
As at 1 April 2024 2,757 12,655 15,412
Provided during the period 383 1,756 2,139
As at 31 March 2025 3,140 14,411 17,551
Net Book Value
As at 31 March 2025 1,530 7,023 8,553
As at 1 April 2024 1,913 8,779 10,692
Cost or valuation as at 31 March 2025 represented by:
Plant & Machinery Fixtures & Fittings Total
£ £ £
At cost 4,670 21,434 26,104
4,670 21,434 26,104
5. Stocks
2025 2024
£ £
Stock 15,000 23,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 2,876
Other debtors 27,400 24,800
Pension scheme prepayments 307 -
27,707 27,676
Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised at transaction price including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1,294
Bank loans and overdrafts 13,113 15,189
Corporation tax 6,047 718
Other taxes and social security 1,489 629
Accruals and deferred income 1,400 7,215
22,049 25,045
Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 36,042 43,600
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 20,000 12,000
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