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Registered number: 04786951
Wessex Tree Care Limited
Unaudited Financial Statements
For the Period 31 May 2022 to 31 October 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04786951
31 October 2023 30 May 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127,532 128,151
127,532 128,151
CURRENT ASSETS
Stocks 5 17,930 4,500
Debtors 6 85,740 81,445
Cash at bank and in hand 3,483 13,899
107,153 99,844
Creditors: Amounts Falling Due Within One Year 7 (78,191 ) (94,846 )
NET CURRENT ASSETS (LIABILITIES) 28,962 4,998
TOTAL ASSETS LESS CURRENT LIABILITIES 156,494 133,149
Creditors: Amounts Falling Due After More Than One Year 8 (23,991 ) (36,514 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,231 ) (24,349 )
NET ASSETS 108,272 72,286
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 108,172 72,186
SHAREHOLDERS' FUNDS 108,272 72,286
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For the period 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 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 Income Statement.
On behalf of the board
Mr S Davies
Director
25/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of .... years.
1.4. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
1.5. Leasing and Hire Purchase Contracts
Assets obtained under 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 income statement 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 income statement as incurred.
1.6. 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.
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1.7. 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.
1.8. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement 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 income statement over the useful life of the asset concerned.
All grants in the income statement 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: 6 (2022: 6)
6 6
3. Intangible Assets
Goodwill
£
Cost
As at 31 May 2022 30,000
As at 31 October 2023 30,000
Amortisation
As at 31 May 2022 30,000
As at 31 October 2023 30,000
Net Book Value
As at 31 October 2023 -
As at 31 May 2022 -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 May 2022 412,443 52,500 5,629 5,785 476,357
Additions 16,249 71,224 - - 87,473
Disposals (46,316 ) (30,500 ) (5,629 ) - (82,445 )
As at 31 October 2023 382,376 93,224 - 5,785 481,385
Depreciation
As at 31 May 2022 296,554 44,075 2,746 4,831 348,206
Provided during the period 44,423 23,661 - 295 68,379
Disposals (32,690 ) (27,296 ) (2,746 ) - (62,732 )
As at 31 October 2023 308,287 40,440 - 5,126 353,853
Net Book Value
As at 31 October 2023 74,089 52,784 - 659 127,532
As at 31 May 2022 115,889 8,425 2,883 954 128,151
5. Stocks
31 October 2023 30 May 2022
£ £
Work in progress 17,930 4,500
6. Debtors
31 October 2023 30 May 2022
£ £
Due within one year
Trade debtors 64,255 70,775
Other debtors 21,485 10,670
85,740 81,445
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 30 May 2022
£ £
Net obligations under finance lease and hire purchase contracts 1,973 2,992
Trade creditors 16,423 23,475
Bank loans and overdrafts 23,976 13,307
Other creditors 4,814 4,542
Taxation and social security 31,005 50,530
78,191 94,846
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8. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 30 May 2022
£ £
Net obligations under finance lease and hire purchase contracts - 3,308
Bank loans 23,991 33,206
23,991 36,514
9. Obligations Under Finance Leases and Hire Purchase
31 October 2023 30 May 2022
£ £
The maturity of these amounts is as follows:
Within one year 1,973 2,992
Between one and five years - 3,308
1,973 6,300
1,973 6,300
10. Share Capital
31 October 2023 30 May 2022
£ £
Allotted, Called up and fully paid 100 100
11. General Information
Wessex Tree Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04786951 . The registered office is 2 Witchcombe Close, Great Cheverell, DEVIZES, Wiltshire, SN10 5TQ.
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