Acorah Software Products - Accounts Production 16.8.310 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 12568609 Ms H Davies Ms H Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12568609 2024-04-30 12568609 2025-04-30 12568609 2024-05-01 2025-04-30 12568609 frs-core:CurrentFinancialInstruments 2025-04-30 12568609 frs-core:ComputerEquipment 2025-04-30 12568609 frs-core:ComputerEquipment 2024-05-01 2025-04-30 12568609 frs-core:ComputerEquipment 2024-04-30 12568609 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 12568609 frs-bus:CompanyLimitedByGuarantee 2024-05-01 2025-04-30 12568609 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 12568609 frs-bus:SmallEntities 2024-05-01 2025-04-30 12568609 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 12568609 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 12568609 1 2024-05-01 2025-04-30 12568609 frs-bus:Director1 2024-05-01 2025-04-30 12568609 frs-countries:EnglandWales 2024-05-01 2025-04-30 12568609 2023-04-30 12568609 2024-04-30 12568609 2023-05-01 2024-04-30 12568609 frs-core:CurrentFinancialInstruments 2024-04-30 12568609 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 12568609
Practical Wisdom Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Richards Associates Limited
North Lodge Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS
Practical Wisdom Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Practical Wisdom Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 12568609

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 109 |  | 215
|  |  | 109 |  | 215
CURRENT ASSETS
Debtors | 5 | 17,945 |  | - |
Cash at bank and in hand |  | 4,793 |  | 1,571 |
|  | 22,738 |  | 1,571 |
Creditors: Amounts Falling Due Within One Year | 6 | (43,566 ) |  | (22,385 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (20,828 ) |  | (20,814 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (20,719 ) |  | (20,599 )
NET LIABILITIES |  |  | (20,719 ) |  | (20,599 )
Income and Expenditure Account |  |  | (20,719 ) |  | (20,599 )
MEMBERS' FUNDS |  |  | (20,719) |  | (20,599)

Page 1
Page 2
Practical Wisdom Limited
Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 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 and Expenditure Account.
On behalf of the board

Ms H Davies Director
27 January 2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Practical Wisdom Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Practical Wisdom Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 12568609 . The registered office is North Lodge Hawkesyard, Armitage Lane, Rugeley, Staffordshire, WS15 1PS.
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
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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:

Computer Equipment | 33%

2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Practical Wisdom Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 May 2024 | 321
As at 30 April 2025 | 321
Depreciation
As at 1 May 2024 | 106
Provided during the period | 106
As at 30 April 2025 | 212
Net Book Value
As at 30 April 2025 | 109
As at 1 May 2024 | 215

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 17,945 |  | -

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 160
Accruals and deferred income | 600 |  | 600
Director's loan account | 42,966 |  | 21,625
| 43,566 |  | 22,385

7. Ultimate Controlling Party
The company's ultimate controlling party is Ms H Davies .
8. Going concern
Total liabilities exceed total assets, however, the company is able to meet its liabilities as they fall due.
8. Status
Practical Wisdom Limited is a company limited by guarantee not having any share capital. At 30 April 2025 there was one member. Each member is obligated to contribute to the company a sum of £1 in the event of the company being wound up whilst they are a member, or within one year after they have ceased to be a member, for payments of debts and liabilities of the company contracted before they cease to be a member, and of the costs, charges and expenses of a winding up and for the adjustments of the rights of the contributors amongst themselves.
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