Acorah Software Products - Accounts Production 19.3.550 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 03227795 Mr A C Finn Ms J A Finn Mr A C Finn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03227795 2024-07-31 03227795 2025-07-31 03227795 2024-08-01 2025-07-31 03227795 frs-core:CurrentFinancialInstruments 2025-07-31 03227795 frs-core:Non-currentFinancialInstruments 2025-07-31 03227795 frs-core:PlantMachinery 2025-07-31 03227795 frs-core:PlantMachinery 2024-08-01 2025-07-31 03227795 frs-core:PlantMachinery 2024-07-31 03227795 frs-core:ShareCapital 2025-07-31 03227795 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 03227795 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03227795 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 03227795 frs-bus:SmallEntities 2024-08-01 2025-07-31 03227795 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 03227795 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 03227795 frs-bus:Director1 2024-08-01 2025-07-31 03227795 frs-bus:Director1 2024-07-31 03227795 frs-bus:Director1 2025-07-31 03227795 frs-bus:Director2 2024-08-01 2025-07-31 03227795 frs-bus:Director2 2024-07-31 03227795 frs-bus:Director2 2025-07-31 03227795 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 03227795 frs-countries:EnglandWales 2024-08-01 2025-07-31 03227795 2023-07-31 03227795 2024-07-31 03227795 2023-08-01 2024-07-31 03227795 frs-core:CurrentFinancialInstruments 2024-07-31 03227795 frs-core:Non-currentFinancialInstruments 2024-07-31 03227795 frs-core:ShareCapital 2024-07-31 03227795 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 03227795
Wm. Smith Exports Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03227795
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,123 -
2,123 -
CURRENT ASSETS
Debtors 5 421,770 192,673
Cash at bank and in hand 64,998 131,149
486,768 323,822
Creditors: Amounts Falling Due Within One Year 6 (510,549 ) (321,043 )
NET CURRENT ASSETS (LIABILITIES) (23,781 ) 2,779
TOTAL ASSETS LESS CURRENT LIABILITIES (21,658 ) 2,779
Creditors: Amounts Falling Due After More Than One Year 7 - (6,726 )
NET LIABILITIES (21,658 ) (3,947 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (21,660 ) (3,949 )
SHAREHOLDERS' FUNDS (21,658) (3,947)
Page 1
Page 2
For the year ending 31 July 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 A C Finn
Director
31/07/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wm. Smith Exports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03227795 . The registered office is Unit 4 Hannah Way, Gordleton Industrial Park, Lymington, Hampshire, SO41 8JD.
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.
Presentational Currency
The accounts are presented in and rounded to the nearest £1 sterling.
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% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2024 7,358
Additions 2,450
As at 31 July 2025 9,808
Depreciation
As at 1 August 2024 7,358
Provided during the period 327
As at 31 July 2025 7,685
Net Book Value
As at 31 July 2025 2,123
As at 1 August 2024 -
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 186,671 43,614
Prepayments and accrued income 200,000 -
Other debtors 3,132 104,758
Deferred tax current asset - 6,131
Directors' loan accounts 16,087 27,719
405,890 182,222
Due after more than one year
Corporation tax recoverable assets 15,880 10,451
421,770 192,673
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 916,093 65,524
Bank loans and overdrafts 87,206 87,654
Other creditors (511,158) 153,202
Taxation and social security 18,408 14,663
510,549 321,043
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 6,726
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr Anthony Finn 27,719 51,114 (62,746 ) - 16,087
Ms Julie Finn 450 - - - 450
The loan to the director was unsecured and repayable on demand. Interest was charged at the HMRC official rate for beneficial loans.
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