Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09825201 Mr Frank Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09825201 2022-10-31 09825201 2023-10-31 09825201 2022-11-01 2023-10-31 09825201 frs-core:CurrentFinancialInstruments 2023-10-31 09825201 frs-core:Non-currentFinancialInstruments 2023-10-31 09825201 frs-core:ComputerEquipment 2023-10-31 09825201 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09825201 frs-core:ComputerEquipment 2022-10-31 09825201 frs-core:PlantMachinery 2023-10-31 09825201 frs-core:PlantMachinery 2022-11-01 2023-10-31 09825201 frs-core:PlantMachinery 2022-10-31 09825201 frs-core:ShareCapital 2023-10-31 09825201 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09825201 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09825201 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09825201 frs-bus:SmallEntities 2022-11-01 2023-10-31 09825201 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09825201 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09825201 frs-bus:Director1 2022-11-01 2023-10-31 09825201 frs-countries:EnglandWales 2022-11-01 2023-10-31 09825201 2021-10-31 09825201 2022-10-31 09825201 2021-11-01 2022-10-31 09825201 frs-core:CurrentFinancialInstruments 2022-10-31 09825201 frs-core:Non-currentFinancialInstruments 2022-10-31 09825201 frs-core:ShareCapital 2022-10-31 09825201 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09825201
Wiltshire Teak Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09825201
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,086 18,924
16,086 18,924
CURRENT ASSETS
Stocks 5 21,750 27,000
Debtors 6 30,150 -
Cash at bank and in hand 2,899 56,326
54,799 83,326
Creditors: Amounts Falling Due Within One Year 7 (11,576 ) (12,716 )
NET CURRENT ASSETS (LIABILITIES) 43,223 70,610
TOTAL ASSETS LESS CURRENT LIABILITIES 59,309 89,534
Creditors: Amounts Falling Due After More Than One Year 8 (38,760 ) (43,153 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,056 ) (4,130 )
NET ASSETS 17,493 42,251
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 17,483 42,241
SHAREHOLDERS' FUNDS 17,493 42,251
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Frank Lee
Director
17/04/2024
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
Wiltshire Teak Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09825201 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 25,432 831 26,263
As at 31 October 2023 25,432 831 26,263
Depreciation
As at 1 November 2022 7,057 282 7,339
Provided during the period 2,756 82 2,838
As at 31 October 2023 9,813 364 10,177
Net Book Value
As at 31 October 2023 15,619 467 16,086
As at 1 November 2022 18,375 549 18,924
5. Stocks
2023 2022
£ £
Stock 21,750 27,000
6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by other participating interests 30,150 -
30,150 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 6,057
Corporation tax 4,482 2,244
Other taxes and social security - 89
...CONTINUED
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Page 5
VAT 2,258 3,734
Other creditors 2,501 -
Director's loan account 2,334 592
11,576 12,716
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,760 43,153
38,760 43,153
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
10. Related Party Transactions
Included in other debtors is an amount of £3,721 (£592 in credit in 2022), owed by the company director Mr F Lee. This loan is interest free and no repayment terms have been agreed.
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