Registered number
05842420
Wesley Cooper Ltd
Filleted Accounts
31 March 2023
Wesley Cooper Ltd
Registered number: 05842420
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,025 11,419
Current assets
WIP 18,950 16,450
Debtors 4 212,297 132,922
Cash at bank and in hand 54,847 35,031
286,094 184,403
Creditors: amounts falling due within one year 5 (182,511) (132,287)
Net current assets 103,583 52,116
Total assets less current liabilities 112,608 63,535
Creditors: amounts falling due after more than one year 6 (80,624) (41,844)
Provisions for liabilities (1,715) (2,229)
Net assets 30,269 19,462
Capital and reserves
Called up share capital 102 102
Profit and loss account 30,167 19,360
Shareholders' funds 30,269 19,462
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Wesley
Director
Approved by the board on 21 September 2023
Wesley Cooper Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 15
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2022 36,523
Additions 2,730
At 31 March 2023 39,253
Depreciation
At 1 April 2022 25,104
Charge for the year 5,124
At 31 March 2023 30,228
Net book value
At 31 March 2023 9,025
At 31 March 2022 11,419
4 Debtors 2023 2022
£ £
Trade debtors 168,074 103,795
Amounts owed by group undertakings and undertakings in which the company has a participating interest 20,238 14,224
Other debtors 23,985 14,903
212,297 132,922
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 30,963 22,553
Trade creditors 1,610 3,028
Accruals 13,017 8,565
Taxation and social security costs 134,585 92,953
Other creditors 2,336 5,188
182,511 132,287
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 80,624 41,844
7 Other information
Wesley Cooper Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Parker House
44 Stafford Road
Wallington
Surrey
SM6 9AA
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