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Company Registration No. 11913384 (England and Wales)
WRT Solutions Limited Unaudited accounts for the year ended 31 March 2023
WRT Solutions Limited Unaudited accounts Contents
Page
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WRT Solutions Limited Company Information for the year ended 31 March 2023
Directors
T W Dryden W B Dryden R L Evans
Company Number
11913384 (England and Wales)
Registered Office
Uni1 North Road Bridgend Industrial Estate Bridgend Wales CF31 3TP
Accountants
Cadre Advisory Ltd Embassy Offices, Stangate House Stanwell Road Penarth CF64 2AA
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WRT Solutions Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
579,009 
627,260 
Tangible assets
87,235 
117,145 
666,244 
744,405 
Current assets
Inventories
15,060 
12,829 
Debtors
31,766 
121,217 
Cash at bank and in hand
148,793 
319,310 
195,619 
453,356 
Creditors: amounts falling due within one year
(123,001)
(191,249)
Net current assets
72,618 
262,107 
Total assets less current liabilities
738,862 
1,006,512 
Creditors: amounts falling due after more than one year
(90,015)
(137,500)
Provisions for liabilities
Deferred tax
(7,358)
(6,664)
Net assets
641,489 
862,348 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
699,761 
699,761 
Profit and loss account
(59,272)
161,587 
Shareholders' funds
641,489 
862,348 
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2023 and were signed on its behalf by
T W Dryden Director Company Registration No. 11913384
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WRT Solutions Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
WRT Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11913384. The registered office is Uni1 North Road, Bridgend Industrial Estate, Bridgend, Wales, CF31 3TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line basis
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Stock and work in progress
Stocks and work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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WRT Solutions Limited Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The directors are of the opinion that the purchased goodwill is fairly and accurately valued at its original cost value and therefore no amortisation is necessary
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
723,761 
At 31 March 2023
723,761 
Amortisation
At 1 April 2022
96,501 
Charge for the year
48,251 
At 31 March 2023
144,752 
Net book value
At 31 March 2023
579,009 
At 31 March 2022
627,260 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
4,432 
16,790 
127,001 
5,131 
153,354 
At 31 March 2023
4,432 
16,790 
127,001 
5,131 
153,354 
Depreciation
At 1 April 2022
2,493 
9,444 
21,386 
2,886 
36,209 
Charge for the year
1,108 
1,837 
26,404 
561 
29,910 
At 31 March 2023
3,601 
11,281 
47,790 
3,447 
66,119 
Net book value
At 31 March 2023
831 
5,509 
79,211 
1,684 
87,235 
At 31 March 2022
1,939 
7,346 
105,615 
2,245 
117,145 
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WRT Solutions Limited Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,085 
9,494 
Accrued income and prepayments
- 
18,190 
Other debtors
4,681 
93,533 
31,766 
121,217 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,487 
25,853 
VAT
25,047 
21,839 
Obligations under finance leases and hire purchase contracts
16,056 
15,327 
Trade creditors
11,835 
27,325 
Taxes and social security
18,166 
50,905 
Other creditors
4,354 
- 
Loans from directors
17,056 
- 
Accruals
- 
50,000 
123,001 
191,249 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
66,586 
100,982 
Obligations under finance leases and hire purchase contracts
23,429 
36,518 
90,015 
137,500 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
700 A Ordinary shares of £1 each
700 
700 
300 B Ordinary shares of £1 each
300 
300 
1,000 
1,000 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
T W Dryden
Directors Loan
2,578 
- 
2,578 
- 
W B Dryden
Directors Loan
51,459 
- 
51,459 
- 
R L Evans
Directors Loan
2,692 
- 
2,692 
- 
56,729 
- 
56,729 
- 
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WRT Solutions Limited Notes to the Accounts for the year ended 31 March 2023
11
Average number of employees
During the year the average number of employees was 17 (2022: 24).
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