Acorah Software Products - Accounts Production 19.3.550 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 07291742 Mr Trevor Squibb Mr David Squibb Mr Andrew Squibb Mrs Eleanor Fraser iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07291742 2025-03-31 07291742 2026-03-31 07291742 2025-04-01 2026-03-31 07291742 frs-core:CurrentFinancialInstruments 2026-03-31 07291742 frs-core:Non-currentFinancialInstruments 2026-03-31 07291742 frs-core:ComputerEquipment 2026-03-31 07291742 frs-core:ComputerEquipment 2025-04-01 2026-03-31 07291742 frs-core:ComputerEquipment 2025-03-31 07291742 frs-core:PlantMachinery 2026-03-31 07291742 frs-core:PlantMachinery 2025-04-01 2026-03-31 07291742 frs-core:PlantMachinery 2025-03-31 07291742 frs-core:ShareCapital 2026-03-31 07291742 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 07291742 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07291742 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 07291742 frs-bus:SmallEntities 2025-04-01 2026-03-31 07291742 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 07291742 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07291742 frs-bus:Director1 2025-04-01 2026-03-31 07291742 frs-bus:Director2 2025-04-01 2026-03-31 07291742 frs-bus:Director3 2025-04-01 2026-03-31 07291742 frs-bus:Director4 2025-04-01 2026-03-31 07291742 frs-countries:EnglandWales 2025-04-01 2026-03-31 07291742 2024-03-31 07291742 2025-03-31 07291742 2024-04-01 2025-03-31 07291742 frs-core:CurrentFinancialInstruments 2025-03-31 07291742 frs-core:Non-currentFinancialInstruments 2025-03-31 07291742 frs-core:ShareCapital 2025-03-31 07291742 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 07291742
Will Squibb Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Whitefield Tax Limited
Chartered Certified Accountants and Registered Auditor
Arnold House
2 New Road
Brading
Isle Of Wight
PO36 0DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07291742
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,243 57,337
47,243 57,337
CURRENT ASSETS
Debtors 5 82,693 96,144
Cash at bank and in hand 24,692 21,921
107,385 118,065
Creditors: Amounts Falling Due Within One Year 6 (186,127 ) (138,004 )
NET CURRENT ASSETS (LIABILITIES) (78,742 ) (19,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,499 ) 37,398
Creditors: Amounts Falling Due After More Than One Year 7 (2,500 ) (12,500 )
NET (LIABILITIES)/ASSETS (33,999 ) 24,898
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (34,099 ) 24,798
SHAREHOLDERS' FUNDS (33,999) 24,898
Page 1
Page 2
For the year ending 31 March 2026 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 David Squibb
Director
21 July 2026
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
Will Squibb Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07291742 . The registered office is Attrills Yard The Duver, St Helens, Ryde, Isle Of Wight, PO33 1YB.
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 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 3 3
Manufacturing 10 8
13 11
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 11,100 136,247 147,347
Additions - 5,654 5,654
As at 31 March 2026 11,100 141,901 153,001
Depreciation
As at 1 April 2025 7,256 82,754 90,010
Provided during the period 961 14,787 15,748
As at 31 March 2026 8,217 97,541 105,758
Net Book Value
As at 31 March 2026 2,883 44,360 47,243
As at 1 April 2025 3,844 53,493 57,337
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 76,164 96,144
Prepayments and accrued income 6,529 -
82,693 96,144
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 42,454 24,486
Corporation tax - 1,765
Other taxes and social security (Current liabilities - creditors < 1 year) 6,984 4,012
VAT 24,085 11,761
Other creditors 40,768 18,510
Accruals 870 844
Directors' loan accounts 70,966 76,626
186,127 138,004
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 2,500 12,500
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
Page 5