Acorah Software Products - Accounts Production 15.0.400 false true true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 03971691 Mr J Turnbull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03971691 2022-09-30 03971691 2023-09-30 03971691 2022-10-01 2023-09-30 03971691 frs-core:CurrentFinancialInstruments 2023-09-30 03971691 frs-core:Non-currentFinancialInstruments 2023-09-30 03971691 frs-core:FurnitureFittings 2023-09-30 03971691 frs-core:FurnitureFittings 2022-10-01 2023-09-30 03971691 frs-core:FurnitureFittings 2022-09-30 03971691 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 03971691 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03971691 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-30 03971691 frs-core:ShareCapital 2023-09-30 03971691 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 03971691 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03971691 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 03971691 frs-bus:SmallEntities 2022-10-01 2023-09-30 03971691 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03971691 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03971691 frs-bus:Director1 2022-10-01 2023-09-30 03971691 frs-countries:EnglandWales 2022-10-01 2023-09-30 03971691 2021-09-30 03971691 2022-09-30 03971691 2021-10-01 2022-09-30 03971691 frs-core:CurrentFinancialInstruments 2022-09-30 03971691 frs-core:Non-currentFinancialInstruments 2022-09-30 03971691 frs-core:ShareCapital 2022-09-30 03971691 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 03971691
WBS Group Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03971691
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,986 12,123
10,986 12,123
CURRENT ASSETS
Debtors 5 81,579 118,521
Cash at bank and in hand 18,270 6,026
99,849 124,547
Creditors: Amounts Falling Due Within One Year 6 (147,969 ) (115,072 )
NET CURRENT ASSETS (LIABILITIES) (48,120 ) 9,475
TOTAL ASSETS LESS CURRENT LIABILITIES (37,134 ) 21,598
Creditors: Amounts Falling Due After More Than One Year 7 (239,490 ) (273,801 )
NET LIABILITIES (276,624 ) (252,203 )
CAPITAL AND RESERVES
Called up share capital 8 111 111
Profit and Loss Account (276,735 ) (252,314 )
SHAREHOLDERS' FUNDS (276,624) (252,203)
Page 1
Page 2
For the year ending 30 September 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 J Turnbull
Director
30 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WBS Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03971691 . The registered office is 5a Grove Street, Wantage, Oxfordshire, OX12 7AB.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The director has identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
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.
2.4. 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:
Freehold 25% straight line
Fixtures & Fittings 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2022 13,160 6,458 19,618
Additions - 2,869 2,869
As at 30 September 2023 13,160 9,327 22,487
Depreciation
As at 1 October 2022 2,467 5,028 7,495
Provided during the period 2,673 1,333 4,006
As at 30 September 2023 5,140 6,361 11,501
...CONTINUED
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Net Book Value
As at 30 September 2023 8,020 2,966 10,986
As at 1 October 2022 10,693 1,430 12,123
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 41,821 90,923
Prepayments and accrued income 26,823 27,598
68,644 118,521
Due after more than one year
Other debtors 12,935 -
12,935 -
81,579 118,521
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 85,238 55,202
Bank loans and overdrafts 18,921 16,047
Other taxes and social security 697 205
VAT 23,693 29,281
Net wages 5,900 -
Other creditors 11,885 12,702
Accruals and deferred income 1,635 1,635
147,969 115,072
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 199,995 172,557
Other loans 39,403 39,148
Directors loan account 92 62,096
239,490 273,801
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 111 111
Page 4