Acorah Software Products - Accounts Production 15.0.400 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07911266 Mrs Victoria Wilkinson Mr Tony Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07911266 2023-02-28 07911266 2024-02-28 07911266 2023-03-01 2024-02-28 07911266 frs-core:CurrentFinancialInstruments 2024-02-28 07911266 frs-core:Non-currentFinancialInstruments 2024-02-28 07911266 frs-core:ComputerEquipment 2024-02-28 07911266 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07911266 frs-core:ComputerEquipment 2023-02-28 07911266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 07911266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 07911266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 07911266 frs-core:MotorVehicles 2024-02-28 07911266 frs-core:MotorVehicles 2023-03-01 2024-02-28 07911266 frs-core:MotorVehicles 2023-02-28 07911266 frs-core:PlantMachinery 2024-02-28 07911266 frs-core:PlantMachinery 2023-03-01 2024-02-28 07911266 frs-core:PlantMachinery 2023-02-28 07911266 frs-core:ShareCapital 2024-02-28 07911266 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07911266 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07911266 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07911266 frs-bus:SmallEntities 2023-03-01 2024-02-28 07911266 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07911266 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07911266 frs-bus:Director1 2023-03-01 2024-02-28 07911266 frs-bus:Director2 2023-03-01 2024-02-28 07911266 frs-countries:EnglandWales 2023-03-01 2024-02-28 07911266 2022-02-28 07911266 2023-02-28 07911266 2022-03-01 2023-02-28 07911266 frs-core:CurrentFinancialInstruments 2023-02-28 07911266 frs-core:Non-currentFinancialInstruments 2023-02-28 07911266 frs-core:ShareCapital 2023-02-28 07911266 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07911266
Wilkinson Builders Limited
Financial Statements
For The Year Ended 28 February 2024
G Brown & Co Ltd
Accountants & Taxation Consultants
37a Wakefield Road
Tandem
Huddersfield
HD5 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07911266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 707,452 687,482
707,452 687,482
CURRENT ASSETS
Debtors 5 298,245 290,088
Cash at bank and in hand 360,677 116,729
658,922 406,817
Creditors: Amounts Falling Due Within One Year 6 (280,734 ) (220,575 )
NET CURRENT ASSETS (LIABILITIES) 378,188 186,242
TOTAL ASSETS LESS CURRENT LIABILITIES 1,085,640 873,724
Creditors: Amounts Falling Due After More Than One Year 7 (375,093 ) (398,411 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,669 ) -
NET ASSETS 692,878 475,313
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 692,876 475,311
SHAREHOLDERS' FUNDS 692,878 475,313
Page 1
Page 2
For the year ending 28 February 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 Tony Wilkinson
Director
30/05/2024
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
Wilkinson Builders Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07911266 . The registered office is Near Bank Near Bank, Brook House Lane, Shelley, Huddersfield, HD8 8LT.
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 stated at cost less depreciation. 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 No Depreciation On Land
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 449,051 125,324 334,109 4,731 913,215
Additions - 5,436 128,751 - 134,187
Disposals - - (109,550 ) - (109,550 )
As at 28 February 2024 449,051 130,760 353,310 4,731 937,852
Depreciation
As at 1 March 2023 - 87,186 135,746 2,801 225,733
Provided during the period - 8,444 47,480 386 56,310
Disposals - - (51,643 ) - (51,643 )
As at 28 February 2024 - 95,630 131,583 3,187 230,400
Net Book Value
As at 28 February 2024 449,051 35,130 221,727 1,544 707,452
As at 1 March 2023 449,051 38,138 198,363 1,930 687,482
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 296,139 288,939
Prepayments and accrued income 2,106 1,149
298,245 290,088
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 84,985 67,003
Bank loans and overdrafts 10 10
Corporation tax 114,576 50,512
Other taxes and social security 11,410 8,803
VAT 64,247 90,290
Other creditors 497 -
Accruals and deferred income 4,714 3,424
Directors' loan accounts 295 533
280,734 220,575
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 311,708 318,880
Other creditors 63,385 79,531
375,093 398,411
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Tony Wilkinson 65,000 64,000
Mrs Victoria Wilkinson 65,000 64,000
Page 5