Acorah Software Products - Accounts Production 12.4.009 false 1 March 2021 28 February 2022 28 February 2022 04653762 Mr D Morgan Mrs B Morgan Mr NB Morgan Mrs Vicki Cogbill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04653762 2021-02-28 04653762 2022-02-28 04653762 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 2021-03-01 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 2022-02-28 04653762 frs-core:AfterOneYear 2021-03-01 2022-02-28 04653762 frs-core:BetweenOneFiveYears 2021-03-01 2022-02-28 04653762 frs-core:BetweenOneFiveYears 2022-02-28 04653762 frs-core:ComputerEquipment 2022-02-28 04653762 frs-core:ComputerEquipment 2021-03-01 2022-02-28 04653762 frs-core:ComputerEquipment 2021-02-28 04653762 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-02-28 04653762 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-03-01 2022-02-28 04653762 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-02-28 04653762 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-02-28 04653762 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-01 2022-02-28 04653762 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-02-28 04653762 frs-core:FurnitureFittings 2022-02-28 04653762 frs-core:FurnitureFittings 2021-03-01 2022-02-28 04653762 frs-core:FurnitureFittings 2021-02-28 04653762 frs-core:NetGoodwill 2022-02-28 04653762 frs-core:NetGoodwill 2021-03-01 2022-02-28 04653762 frs-core:NetGoodwill 2021-02-28 04653762 frs-core:InvestmentPropertyIncludedWithinPPE 2022-02-28 04653762 frs-core:InvestmentPropertyIncludedWithinPPE 2021-03-01 2022-02-28 04653762 frs-core:InvestmentPropertyIncludedWithinPPE 2021-02-28 04653762 frs-core:LandBuildings 2022-02-28 04653762 frs-core:LandBuildings 2021-03-01 2022-02-28 04653762 frs-core:LandBuildings 2021-02-28 04653762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-02-28 04653762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-03-01 2022-02-28 04653762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-02-28 04653762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-02-28 04653762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 04653762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-02-28 04653762 frs-core:MoreThanFiveYears 2021-03-01 2022-02-28 04653762 frs-core:MoreThanFiveYears 2022-02-28 04653762 frs-core:MotorVehicles 2022-02-28 04653762 frs-core:MotorVehicles 2021-03-01 2022-02-28 04653762 frs-core:MotorVehicles 2021-02-28 04653762 frs-core:OtherResidualIntangibleAssets 2022-02-28 04653762 frs-core:OtherResidualIntangibleAssets 2021-03-01 2022-02-28 04653762 frs-core:OtherResidualIntangibleAssets 2021-02-28 04653762 frs-core:PlantMachinery 2022-02-28 04653762 frs-core:PlantMachinery 2021-03-01 2022-02-28 04653762 frs-core:PlantMachinery 2021-02-28 04653762 frs-core:Secured 2022-02-28 04653762 frs-core:Unsecured 2022-02-28 04653762 frs-core:WithinOneYear 2021-03-01 2022-02-28 04653762 frs-core:WithinOneYear 2022-02-28 04653762 frs-core:CapitalRedemptionReserve 2021-03-01 2022-02-28 04653762 frs-core:CapitalRedemptionReserve 2021-02-28 04653762 frs-core:CapitalRedemptionReserve 2022-02-28 04653762 frs-core:OtherReservesSubtotal 2021-03-01 2022-02-28 04653762 frs-core:OtherReservesSubtotal 2021-02-28 04653762 frs-core:OtherReservesSubtotal 2022-02-28 04653762 frs-core:RevaluationReserve 2021-03-01 2022-02-28 04653762 frs-core:RevaluationReserve 2021-02-28 04653762 frs-core:RevaluationReserve 2022-02-28 04653762 frs-core:SharePremium 2021-03-01 2022-02-28 04653762 frs-core:SharePremium 2021-02-28 04653762 frs-core:SharePremium 2022-02-28 04653762 frs-core:ShareCapital 2021-03-01 2022-02-28 04653762 frs-core:ShareCapital 2021-02-28 04653762 frs-core:ShareCapital 2022-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses 2021-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses 2022-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2021-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2022-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2021-02-28 04653762 frs-countries:UnitedKingdom 2021-03-01 2022-02-28 04653762 frs-countries:Europe 2021-03-01 2022-02-28 04653762 frs-countries:NorthAmerica 2021-03-01 2022-02-28 04653762 frs-countries:SouthAmerica 2021-03-01 2022-02-28 04653762 frs-countries:Asia 2021-03-01 2022-02-28 04653762 frs-countries:RestWorldOutsideUK 2021-03-01 2022-02-28 04653762 frs-bus:HighestPaidDirector 2021-03-01 2022-02-28 04653762 frs-bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 04653762 frs-bus:CompanyLimitedByGuarantee 2021-03-01 2022-02-28 04653762 frs-bus:LimitedLiabilityPartnershipLLP 2021-03-01 2022-02-28 04653762 frs-bus:LimitedLiabilityPartnershipsSORP 2021-03-01 2022-02-28 04653762 frs-bus:FullAccounts 2021-03-01 2022-02-28 04653762 frs-bus:AbbreviatedAccounts 2021-03-01 2022-02-28 04653762 frs-bus:AbridgedAccounts 2021-03-01 2022-02-28 04653762 frs-bus:FRS102 2021-03-01 2022-02-28 04653762 frs-bus:EntityHasNeverTraded 2021-03-01 2022-02-28 04653762 frs-bus:EntityNoLongerTradingButTradedInPast 2021-03-01 2022-02-28 04653762 frs-bus:Audited 2021-03-01 2022-02-28 04653762 frs-bus:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 04653762 frs-bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 04653762 frs-bus:SmallCompaniesRegimeForAccounts 2021-03-01 2022-02-28 04653762 frs-bus:OrdinaryShareClass1 2021-03-01 2022-02-28 04653762 frs-bus:OrdinaryShareClass1 2021-02-28 04653762 frs-bus:OrdinaryShareClass1 2022-02-28 04653762 frs-bus:OrdinaryShareClass2 2021-03-01 2022-02-28 04653762 frs-bus:OrdinaryShareClass2 2021-02-28 04653762 frs-bus:OrdinaryShareClass2 2022-02-28 04653762 frs-bus:OrdinaryShareClass3 2021-03-01 2022-02-28 04653762 frs-bus:OrdinaryShareClass3 2021-02-28 04653762 frs-bus:OrdinaryShareClass3 2022-02-28 04653762 frs-bus:OrdinaryShareClass4 2021-03-01 2022-02-28 04653762 frs-bus:OrdinaryShareClass4 2021-02-28 04653762 frs-bus:OrdinaryShareClass4 2022-02-28 04653762 frs-bus:OrdinaryShareClass5 2021-03-01 2022-02-28 04653762 frs-bus:OrdinaryShareClass5 2021-02-28 04653762 frs-bus:OrdinaryShareClass5 2022-02-28 04653762 frs-bus:PreferenceShareClass1 2021-03-01 2022-02-28 04653762 frs-bus:PreferenceShareClass1 2021-02-28 04653762 frs-bus:PreferenceShareClass1 2022-02-28 04653762 frs-bus:PreferenceShareClass2 2021-03-01 2022-02-28 04653762 frs-bus:PreferenceShareClass2 2021-02-28 04653762 frs-bus:PreferenceShareClass2 2022-02-28 04653762 frs-bus:PreferenceShareClass3 2021-03-01 2022-02-28 04653762 frs-bus:PreferenceShareClass3 2021-02-28 04653762 frs-bus:PreferenceShareClass3 2022-02-28 04653762 frs-bus:PreferenceShareClass4 2021-03-01 2022-02-28 04653762 frs-bus:PreferenceShareClass4 2021-02-28 04653762 frs-bus:PreferenceShareClass4 2022-02-28 04653762 frs-bus:PreferenceShareClass5 2021-03-01 2022-02-28 04653762 frs-bus:PreferenceShareClass5 2021-02-28 04653762 frs-bus:PreferenceShareClass5 2022-02-28 04653762 1 2021-03-01 2022-02-28 04653762 frs-core:LeasedAssets 2021-03-01 2022-02-28 04653762 frs-core:OwnedAssets 2021-03-01 2022-02-28 04653762 frs-core:CurrencyRisk 2021-03-01 2022-02-28 04653762 frs-core:MarketRisk 2021-03-01 2022-02-28 04653762 frs-core:InterestRateRisk 2021-03-01 2022-02-28 04653762 frs-core:DeferredTaxation 2021-03-01 2022-02-28 04653762 frs-core:DeferredTaxation 2021-02-28 04653762 frs-core:DeferredTaxation 2022-02-28 04653762 frs-core:OtherProvisionsContingentLiabilities 2021-03-01 2022-02-28 04653762 frs-core:OtherProvisionsContingentLiabilities 2021-02-28 04653762 frs-core:OtherProvisionsContingentLiabilities 2022-02-28 04653762 frs-core:ProvisionsDeferredTax 2022-02-28 04653762 frs-core:OtherDeferredTax 2022-02-28 04653762 frs-core:AcceleratedTaxDepreciationDeferredTax 2022-02-28 04653762 frs-core:TaxLossesCarry-forwardsDeferredTax 2022-02-28 04653762 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2022-02-28 04653762 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-03-01 2022-02-28 04653762 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-02-28 04653762 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-02-28 04653762 dpl-frs:CostSales 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales 2021-02-28 04653762 dpl-frs:CostSales 2022-02-28 04653762 dpl-frs:DistributionCosts 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses 2021-03-01 2022-02-28 04653762 frs-bus:Director1 2021-03-01 2022-02-28 04653762 frs-bus:Director1 2021-02-28 04653762 frs-bus:Director1 2022-02-28 04653762 frs-bus:Director2 2021-03-01 2022-02-28 04653762 frs-bus:Director2 2021-02-28 04653762 frs-bus:Director2 2022-02-28 04653762 frs-bus:Director3 2021-03-01 2022-02-28 04653762 frs-bus:Director3 2021-02-28 04653762 frs-bus:Director3 2022-02-28 04653762 frs-bus:Director4 2021-03-01 2022-02-28 04653762 frs-bus:Director4 2021-02-28 04653762 frs-bus:Director4 2022-02-28 04653762 1 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 1 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 1 2022-02-28 04653762 2 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 2 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 2 2022-02-28 04653762 3 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 3 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 3 2022-02-28 04653762 4 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 4 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 4 2022-02-28 04653762 5 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 5 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 5 2022-02-28 04653762 6 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 6 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 6 2022-02-28 04653762 7 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 7 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 7 2022-02-28 04653762 8 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 8 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 8 2022-02-28 04653762 9 2021-03-01 2022-02-28 04653762 frs-core:CurrentFinancialInstruments 9 2022-02-28 04653762 frs-core:Non-currentFinancialInstruments 9 2022-02-28 04653762 dpl-frs:Item1 2021-03-01 2022-02-28 04653762 dpl-frs:Item1 2021-02-28 04653762 dpl-frs:Item1 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item1 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item1 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item1 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item1 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2021-03-01 2022-02-28 04653762 dpl-frs:Item2 2021-03-01 2022-02-28 04653762 dpl-frs:Item2 2021-02-28 04653762 dpl-frs:Item2 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item2 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item2 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item2 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item2 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2021-03-01 2022-02-28 04653762 dpl-frs:Item3 2021-03-01 2022-02-28 04653762 dpl-frs:Item3 2021-02-28 04653762 dpl-frs:Item3 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item3 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item3 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item3 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item3 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2021-03-01 2022-02-28 04653762 dpl-frs:Item4 2021-03-01 2022-02-28 04653762 dpl-frs:Item4 2021-02-28 04653762 dpl-frs:Item4 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item4 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item4 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item4 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item4 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2021-03-01 2022-02-28 04653762 dpl-frs:Item5 2021-03-01 2022-02-28 04653762 dpl-frs:Item5 2021-02-28 04653762 dpl-frs:Item5 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item5 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item5 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item5 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item5 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2021-03-01 2022-02-28 04653762 dpl-frs:Item6 2021-03-01 2022-02-28 04653762 dpl-frs:Item6 2021-02-28 04653762 dpl-frs:Item6 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item6 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item6 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item6 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item6 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2021-03-01 2022-02-28 04653762 dpl-frs:Item7 2021-03-01 2022-02-28 04653762 dpl-frs:Item7 2021-02-28 04653762 dpl-frs:Item7 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item7 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item7 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item7 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item7 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2021-03-01 2022-02-28 04653762 dpl-frs:Item8 2021-03-01 2022-02-28 04653762 dpl-frs:Item8 2021-02-28 04653762 dpl-frs:Item8 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item8 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item8 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item8 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item8 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2021-03-01 2022-02-28 04653762 dpl-frs:Item9 2021-03-01 2022-02-28 04653762 dpl-frs:Item9 2021-02-28 04653762 dpl-frs:Item9 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item9 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item9 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item9 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item9 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2021-03-01 2022-02-28 04653762 dpl-frs:Item10 2021-03-01 2022-02-28 04653762 dpl-frs:Item10 2021-02-28 04653762 dpl-frs:Item10 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item10 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item10 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item10 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item10 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2021-03-01 2022-02-28 04653762 dpl-frs:Item11 2021-03-01 2022-02-28 04653762 dpl-frs:Item11 2021-02-28 04653762 dpl-frs:Item11 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item11 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item11 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item11 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item11 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2021-03-01 2022-02-28 04653762 dpl-frs:Item12 2021-03-01 2022-02-28 04653762 dpl-frs:Item12 2021-02-28 04653762 dpl-frs:Item12 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item12 2021-03-01 2022-02-28 04653762 dpl-frs:CostSales dpl-frs:Item12 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item12 2022-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item12 2021-03-01 2022-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2021-03-01 2022-02-28 04653762 1 2021-03-01 2022-02-28 04653762 frs-countries:EnglandWales 2021-03-01 2022-02-28 04653762 2020-02-29 04653762 2021-02-28 04653762 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 2020-03-01 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 2021-02-28 04653762 frs-core:AfterOneYear 2020-03-01 2021-02-28 04653762 frs-core:BetweenOneFiveYears 2020-03-01 2021-02-28 04653762 frs-core:BetweenOneFiveYears 2021-02-28 04653762 frs-core:ComputerEquipment 2021-02-28 04653762 frs-core:ComputerEquipment 2020-03-01 2021-02-28 04653762 frs-core:ComputerEquipment 2020-02-29 04653762 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-02-28 04653762 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-03-01 2021-02-28 04653762 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-02-29 04653762 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-02-28 04653762 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-03-01 2021-02-28 04653762 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-02-29 04653762 frs-core:FurnitureFittings 2021-02-28 04653762 frs-core:FurnitureFittings 2020-03-01 2021-02-28 04653762 frs-core:FurnitureFittings 2020-02-29 04653762 frs-core:NetGoodwill 2021-02-28 04653762 frs-core:NetGoodwill 2020-03-01 2021-02-28 04653762 frs-core:NetGoodwill 2020-02-29 04653762 frs-core:InvestmentPropertyIncludedWithinPPE 2021-02-28 04653762 frs-core:InvestmentPropertyIncludedWithinPPE 2020-03-01 2021-02-28 04653762 frs-core:InvestmentPropertyIncludedWithinPPE 2020-02-29 04653762 frs-core:LandBuildings 2021-02-28 04653762 frs-core:LandBuildings 2020-03-01 2021-02-28 04653762 frs-core:LandBuildings 2020-02-29 04653762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-02-28 04653762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-03-01 2021-02-28 04653762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-02-29 04653762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-02-28 04653762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-03-01 2021-02-28 04653762 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-02-29 04653762 frs-core:MoreThanFiveYears 2020-03-01 2021-02-28 04653762 frs-core:MoreThanFiveYears 2021-02-28 04653762 frs-core:MotorVehicles 2021-02-28 04653762 frs-core:MotorVehicles 2020-03-01 2021-02-28 04653762 frs-core:MotorVehicles 2020-02-29 04653762 frs-core:OtherResidualIntangibleAssets 2021-02-28 04653762 frs-core:OtherResidualIntangibleAssets 2020-03-01 2021-02-28 04653762 frs-core:OtherResidualIntangibleAssets 2020-02-29 04653762 frs-core:PlantMachinery 2021-02-28 04653762 frs-core:PlantMachinery 2020-03-01 2021-02-28 04653762 frs-core:PlantMachinery 2020-02-29 04653762 frs-core:Secured 2021-02-28 04653762 frs-core:Unsecured 2021-02-28 04653762 frs-core:WithinOneYear 2020-03-01 2021-02-28 04653762 frs-core:WithinOneYear 2021-02-28 04653762 frs-core:CapitalRedemptionReserve 2020-03-01 2021-02-28 04653762 frs-core:CapitalRedemptionReserve 2020-02-29 04653762 frs-core:CapitalRedemptionReserve 2021-02-28 04653762 frs-core:OtherReservesSubtotal 2020-03-01 2021-02-28 04653762 frs-core:OtherReservesSubtotal 2020-02-29 04653762 frs-core:OtherReservesSubtotal 2021-02-28 04653762 frs-core:RevaluationReserve 2020-03-01 2021-02-28 04653762 frs-core:RevaluationReserve 2020-02-29 04653762 frs-core:RevaluationReserve 2021-02-28 04653762 frs-core:SharePremium 2020-03-01 2021-02-28 04653762 frs-core:SharePremium 2020-02-29 04653762 frs-core:SharePremium 2021-02-28 04653762 frs-core:ShareCapital 2020-03-01 2021-02-28 04653762 frs-core:ShareCapital 2020-02-29 04653762 frs-core:ShareCapital 2021-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses 2020-03-01 2021-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses 2020-02-29 04653762 frs-core:RetainedEarningsAccumulatedLosses 2021-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2020-02-29 04653762 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2021-02-28 04653762 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2020-02-29 04653762 frs-countries:UnitedKingdom 2020-03-01 2021-02-28 04653762 frs-countries:Europe 2020-03-01 2021-02-28 04653762 frs-countries:NorthAmerica 2020-03-01 2021-02-28 04653762 frs-countries:SouthAmerica 2020-03-01 2021-02-28 04653762 frs-countries:Asia 2020-03-01 2021-02-28 04653762 frs-countries:RestWorldOutsideUK 2020-03-01 2021-02-28 04653762 frs-bus:HighestPaidDirector 2020-03-01 2021-02-28 04653762 frs-bus:PrivateLimitedCompanyLtd 2020-03-01 2021-02-28 04653762 frs-bus:CompanyLimitedByGuarantee 2020-03-01 2021-02-28 04653762 frs-bus:LimitedLiabilityPartnershipLLP 2020-03-01 2021-02-28 04653762 frs-bus:LimitedLiabilityPartnershipsSORP 2020-03-01 2021-02-28 04653762 frs-bus:FullAccounts 2020-03-01 2021-02-28 04653762 frs-bus:AbbreviatedAccounts 2020-03-01 2021-02-28 04653762 frs-bus:AbridgedAccounts 2020-03-01 2021-02-28 04653762 frs-bus:FRS102 2020-03-01 2021-02-28 04653762 frs-bus:EntityHasNeverTraded 2020-03-01 2021-02-28 04653762 frs-bus:EntityNoLongerTradingButTradedInPast 2020-03-01 2021-02-28 04653762 frs-bus:Audited 2020-03-01 2021-02-28 04653762 frs-bus:AuditExempt-NoAccountantsReport 2020-03-01 2021-02-28 04653762 frs-bus:AuditExemptWithAccountantsReport 2020-03-01 2021-02-28 04653762 frs-bus:SmallCompaniesRegimeForAccounts 2020-03-01 2021-02-28 04653762 frs-bus:OrdinaryShareClass1 2020-03-01 2021-02-28 04653762 frs-bus:OrdinaryShareClass1 2020-02-29 04653762 frs-bus:OrdinaryShareClass1 2021-02-28 04653762 frs-bus:OrdinaryShareClass2 2020-03-01 2021-02-28 04653762 frs-bus:OrdinaryShareClass2 2020-02-29 04653762 frs-bus:OrdinaryShareClass2 2021-02-28 04653762 frs-bus:OrdinaryShareClass3 2020-03-01 2021-02-28 04653762 frs-bus:OrdinaryShareClass3 2020-02-29 04653762 frs-bus:OrdinaryShareClass3 2021-02-28 04653762 frs-bus:OrdinaryShareClass4 2020-03-01 2021-02-28 04653762 frs-bus:OrdinaryShareClass4 2020-02-29 04653762 frs-bus:OrdinaryShareClass4 2021-02-28 04653762 frs-bus:OrdinaryShareClass5 2020-03-01 2021-02-28 04653762 frs-bus:OrdinaryShareClass5 2020-02-29 04653762 frs-bus:OrdinaryShareClass5 2021-02-28 04653762 frs-bus:PreferenceShareClass1 2020-03-01 2021-02-28 04653762 frs-bus:PreferenceShareClass1 2020-02-29 04653762 frs-bus:PreferenceShareClass1 2021-02-28 04653762 frs-bus:PreferenceShareClass2 2020-03-01 2021-02-28 04653762 frs-bus:PreferenceShareClass2 2020-02-29 04653762 frs-bus:PreferenceShareClass2 2021-02-28 04653762 frs-bus:PreferenceShareClass3 2020-03-01 2021-02-28 04653762 frs-bus:PreferenceShareClass3 2020-02-29 04653762 frs-bus:PreferenceShareClass3 2021-02-28 04653762 frs-bus:PreferenceShareClass4 2020-03-01 2021-02-28 04653762 frs-bus:PreferenceShareClass4 2020-02-29 04653762 frs-bus:PreferenceShareClass4 2021-02-28 04653762 frs-bus:PreferenceShareClass5 2020-03-01 2021-02-28 04653762 frs-bus:PreferenceShareClass5 2020-02-29 04653762 frs-bus:PreferenceShareClass5 2021-02-28 04653762 1 2020-03-01 2021-02-28 04653762 frs-core:LeasedAssets 2020-03-01 2021-02-28 04653762 frs-core:OwnedAssets 2020-03-01 2021-02-28 04653762 frs-core:CurrencyRisk 2020-03-01 2021-02-28 04653762 frs-core:MarketRisk 2020-03-01 2021-02-28 04653762 frs-core:InterestRateRisk 2020-03-01 2021-02-28 04653762 frs-core:DeferredTaxation 2020-03-01 2021-02-28 04653762 frs-core:DeferredTaxation 2020-02-29 04653762 frs-core:DeferredTaxation 2021-02-28 04653762 frs-core:OtherProvisionsContingentLiabilities 2020-03-01 2021-02-28 04653762 frs-core:OtherProvisionsContingentLiabilities 2020-02-29 04653762 frs-core:OtherProvisionsContingentLiabilities 2021-02-28 04653762 frs-core:ProvisionsDeferredTax 2021-02-28 04653762 frs-core:OtherDeferredTax 2021-02-28 04653762 frs-core:AcceleratedTaxDepreciationDeferredTax 2021-02-28 04653762 frs-core:TaxLossesCarry-forwardsDeferredTax 2021-02-28 04653762 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2021-02-28 04653762 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-03-01 2021-02-28 04653762 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-02-29 04653762 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-02-28 04653762 dpl-frs:CostSales 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales 2020-02-29 04653762 dpl-frs:CostSales 2021-02-28 04653762 dpl-frs:DistributionCosts 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses 2020-03-01 2021-02-28 04653762 frs-bus:Director1 2020-03-01 2021-02-28 04653762 frs-bus:Director1 2020-02-29 04653762 frs-bus:Director1 2021-02-28 04653762 frs-bus:Director2 2020-03-01 2021-02-28 04653762 frs-bus:Director2 2020-02-29 04653762 frs-bus:Director2 2021-02-28 04653762 frs-bus:Director3 2020-03-01 2021-02-28 04653762 frs-bus:Director3 2020-02-29 04653762 frs-bus:Director3 2021-02-28 04653762 frs-bus:Director4 2020-03-01 2021-02-28 04653762 frs-bus:Director4 2020-02-29 04653762 frs-bus:Director4 2021-02-28 04653762 1 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 1 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 1 2021-02-28 04653762 2 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 2 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 2 2021-02-28 04653762 3 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 3 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 3 2021-02-28 04653762 4 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 4 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 4 2021-02-28 04653762 5 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 5 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 5 2021-02-28 04653762 6 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 6 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 6 2021-02-28 04653762 7 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 7 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 7 2021-02-28 04653762 8 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 8 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 8 2021-02-28 04653762 9 2020-03-01 2021-02-28 04653762 frs-core:CurrentFinancialInstruments 9 2021-02-28 04653762 frs-core:Non-currentFinancialInstruments 9 2021-02-28 04653762 dpl-frs:Item1 2020-03-01 2021-02-28 04653762 dpl-frs:Item1 2020-02-29 04653762 dpl-frs:Item1 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item1 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item1 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item1 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item1 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2020-03-01 2021-02-28 04653762 dpl-frs:Item2 2020-03-01 2021-02-28 04653762 dpl-frs:Item2 2020-02-29 04653762 dpl-frs:Item2 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item2 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item2 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item2 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item2 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2020-03-01 2021-02-28 04653762 dpl-frs:Item3 2020-03-01 2021-02-28 04653762 dpl-frs:Item3 2020-02-29 04653762 dpl-frs:Item3 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item3 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item3 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item3 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item3 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2020-03-01 2021-02-28 04653762 dpl-frs:Item4 2020-03-01 2021-02-28 04653762 dpl-frs:Item4 2020-02-29 04653762 dpl-frs:Item4 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item4 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item4 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item4 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item4 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2020-03-01 2021-02-28 04653762 dpl-frs:Item5 2020-03-01 2021-02-28 04653762 dpl-frs:Item5 2020-02-29 04653762 dpl-frs:Item5 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item5 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item5 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item5 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item5 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2020-03-01 2021-02-28 04653762 dpl-frs:Item6 2020-03-01 2021-02-28 04653762 dpl-frs:Item6 2020-02-29 04653762 dpl-frs:Item6 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item6 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item6 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item6 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item6 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2020-03-01 2021-02-28 04653762 dpl-frs:Item7 2020-03-01 2021-02-28 04653762 dpl-frs:Item7 2020-02-29 04653762 dpl-frs:Item7 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item7 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item7 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item7 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item7 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2020-03-01 2021-02-28 04653762 dpl-frs:Item8 2020-03-01 2021-02-28 04653762 dpl-frs:Item8 2020-02-29 04653762 dpl-frs:Item8 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item8 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item8 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item8 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item8 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2020-03-01 2021-02-28 04653762 dpl-frs:Item9 2020-03-01 2021-02-28 04653762 dpl-frs:Item9 2020-02-29 04653762 dpl-frs:Item9 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item9 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item9 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item9 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item9 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2020-03-01 2021-02-28 04653762 dpl-frs:Item10 2020-03-01 2021-02-28 04653762 dpl-frs:Item10 2020-02-29 04653762 dpl-frs:Item10 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item10 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item10 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item10 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item10 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2020-03-01 2021-02-28 04653762 dpl-frs:Item11 2020-03-01 2021-02-28 04653762 dpl-frs:Item11 2020-02-29 04653762 dpl-frs:Item11 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item11 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item11 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item11 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item11 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2020-03-01 2021-02-28 04653762 dpl-frs:Item12 2020-03-01 2021-02-28 04653762 dpl-frs:Item12 2020-02-29 04653762 dpl-frs:Item12 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item12 2020-03-01 2021-02-28 04653762 dpl-frs:CostSales dpl-frs:Item12 2020-02-29 04653762 dpl-frs:CostSales dpl-frs:Item12 2021-02-28 04653762 dpl-frs:DistributionCosts dpl-frs:Item12 2020-03-01 2021-02-28 04653762 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2020-03-01 2021-02-28 04653762 1 2020-03-01 2021-02-28 04653762 frs-countries:EnglandWales 2020-03-01 2021-02-28
Registered number: 04653762
Weldlec Limited
Unaudited Financial Statements
For The Year Ended 28 February 2022
Aspen Waite Corporate Solutions

Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04653762
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 178,277 210,538
178,277 210,538
CURRENT ASSETS
Stocks 4 79,500 76,500
Debtors 5 944,026 617,331
Cash at bank and in hand 10 181,961
1,023,536 875,792
Creditors: Amounts Falling Due Within One Year 6 (677,575 ) (433,822 )
NET CURRENT ASSETS (LIABILITIES) 345,961 441,970
TOTAL ASSETS LESS CURRENT LIABILITIES 524,238 652,508
Creditors: Amounts Falling Due After More Than One Year 7 (96,511 ) (108,838 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,714 ) (21,663 )
NET ASSETS 411,013 522,007
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 410,913 521,907
SHAREHOLDERS' FUNDS 411,013 522,007
Page 1
Page 2
For the year ending 28 February 2022 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 NB Morgan
Director
Mrs Vicki Cogbill
Director
13/09/2022
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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:
Leasehold 10% on straight line basis
Plant & Machinery 25% on reducing balance basis
Motor Vehicles 25% on reducing balance basis
Fixtures & Fittings 25% on reducing balance basis
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. 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.
Page 3
Page 4
1.6. 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 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.
1.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 38 (2021: 34)
38 34
Page 4
Page 5
3. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2021 6,760 269,792 202,582 10,095 489,229
Additions - - 33,000 - 33,000
Disposals - - (26,500 ) - (26,500 )
As at 28 February 2022 6,760 269,792 209,082 10,095 495,729
Depreciation
As at 1 March 2021 2,704 164,294 106,395 5,298 278,691
Provided during the period 676 26,375 30,723 1,199 58,973
Disposals - - (20,212 ) - (20,212 )
As at 28 February 2022 3,380 190,669 116,906 6,497 317,452
Net Book Value
As at 28 February 2022 3,380 79,123 92,176 3,598 178,277
As at 1 March 2021 4,056 105,498 96,187 4,797 210,538
4. Stocks
2022 2021
£ £
Stock - materials 4,500 4,500
Stock - work in progress 75,000 72,000
79,500 76,500
5. Debtors
2022 2021
£ £
Due within one year
Trade debtors 1,365,263 601,479
Prepayments and accrued income 4,783 3,765
Bond on Lease 6,637 6,637
Employee Loans - 5,450
Discounted debts outstanding within one year (432,657 ) -
944,026 617,331
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Net obligations under finance lease and hire purchase contracts 13,366 6,152
Trade creditors 235,105 205,313
Bank loans and overdrafts 226,798 18,537
Corporation tax 8,105 16,030
Other taxes and social security 3,523 34,300
VAT 182,178 138,243
Directors account- Neil Morgan - 25
Directors account-Dennis Morgan - 125
Proposed Dividends 6,000 6,000
Accruals and deferred income 2,500 9,097
677,575 433,822
7. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Net obligations under finance lease and hire purchase contracts 48,935 42,511
Bank loans 38,361 57,112
Government grants after one year 9,215 9,215
96,511 108,838
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2022 2021
£ £
Bank loans and overdrafts - 2,500
8. Obligations Under Finance Leases and Hire Purchase
2022 2021
£ £
The maturity of these amounts is as follows:
Amounts Payable:
Within one year 13,366 6,152
Between one and five years 48,935 42,511
62,301 48,663
62,301 48,663
9. Share Capital
2022 2021
Allotted, Called up and fully paid 100 100
10. General Information
Weldlec Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04653762 . The registered office is Phoenix Wharf, Port Talbot, SA13 1RA.
Page 6