Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 July 2022 false 1 April 2023 31 March 2024 31 March 2024 05378982 Mr John Wright Mrs Sarah Wright Mrs Sarah Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05378982 2023-03-31 05378982 2024-03-31 05378982 2023-04-01 2024-03-31 05378982 frs-core:CurrentFinancialInstruments 2024-03-31 05378982 frs-core:MotorVehicles 2024-03-31 05378982 frs-core:MotorVehicles 2023-04-01 2024-03-31 05378982 frs-core:MotorVehicles 2023-03-31 05378982 frs-core:PlantMachinery 2024-03-31 05378982 frs-core:PlantMachinery 2023-04-01 2024-03-31 05378982 frs-core:PlantMachinery 2023-03-31 05378982 frs-core:ShareCapital 2024-03-31 05378982 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05378982 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05378982 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05378982 frs-bus:SmallEntities 2023-04-01 2024-03-31 05378982 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05378982 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05378982 frs-bus:Director1 2023-04-01 2024-03-31 05378982 frs-bus:Director2 2023-04-01 2024-03-31 05378982 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05378982 frs-core:CurrentFinancialInstruments 1 2024-03-31 05378982 frs-core:CurrentFinancialInstruments 2 2024-03-31 05378982 frs-countries:EnglandWales 2023-04-01 2024-03-31 05378982 2022-06-30 05378982 2023-03-31 05378982 2022-07-01 2023-03-31 05378982 frs-core:CurrentFinancialInstruments 2023-03-31 05378982 frs-core:ShareCapital 2023-03-31 05378982 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05378982 frs-core:CurrentFinancialInstruments 1 2023-03-31 05378982 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 05378982
W S Engineering Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05378982
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,801 126,768
89,801 126,768
CURRENT ASSETS
Stocks 5 20,351 12,000
Debtors 6 380,856 386,731
Investments 7 10,001 10,001
Cash at bank and in hand 24 24
411,232 408,756
Creditors: Amounts Falling Due Within One Year 8 (482,325 ) (463,882 )
NET CURRENT ASSETS (LIABILITIES) (71,093 ) (55,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,708 71,642
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,624 ) (6,624 )
NET ASSETS 12,084 65,018
CAPITAL AND RESERVES
Called up share capital 9 12 12
Profit and Loss Account 12,072 65,006
SHAREHOLDERS' FUNDS 12,084 65,018
Page 1
Page 2
For the year ending 31 March 2024 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 Profit and Loss Account.
On behalf of the board
Mr John Wright
Director
Mrs Sarah Wright
Director
31/07/2024
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
W S Engineering Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05378982 . The registered office is 17 Common Lane, Troston, Bury St. Edmunds, IP31 1EY.
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.
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.
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 10% Reducing Balance
Motor Vehicles 20% 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 34,810 281,080 315,890
Additions 1,254 4,252 5,506
Disposals - (129,679 ) (129,679 )
As at 31 March 2024 36,064 155,653 191,717
Depreciation
As at 1 April 2023 28,425 160,697 189,122
Provided during the period 704 24,291 24,995
Disposals - (112,201 ) (112,201 )
As at 31 March 2024 29,129 72,787 101,916
Net Book Value
As at 31 March 2024 6,935 82,866 89,801
As at 1 April 2023 6,385 120,383 126,768
5. Stocks
31 March 2024 31 March 2023
£ £
Stock 20,351 12,000
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 70,547 86,296
CIS Tax Suffered 295,807 276,727
Other taxes and social security 14,502 23,708
380,856 386,731
7. Current Asset Investments
31 March 2024 31 March 2023
£ £
Unlisted investments 10,001 10,001
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 6,266 10,953
Bank loans and overdrafts 11,583 25,644
Corporation tax 79,525 72,123
VAT 182,931 148,846
CIS Tax Control (33,468 ) (33,468 )
CIS Tax Liability 232,038 231,421
Accruals and deferred income 3,434 7,150
Directors' loan accounts 16 1,213
482,325 463,882
9. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 12 12
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