Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI057453 Mr Norman Wilson Mrs Mary Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI057453 2022-12-31 NI057453 2023-12-31 NI057453 2023-01-01 2023-12-31 NI057453 frs-core:CurrentFinancialInstruments 2023-12-31 NI057453 frs-core:PlantMachinery 2023-12-31 NI057453 frs-core:PlantMachinery 2023-01-01 2023-12-31 NI057453 frs-core:PlantMachinery 2022-12-31 NI057453 frs-core:ShareCapital 2023-12-31 NI057453 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI057453 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI057453 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI057453 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI057453 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI057453 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI057453 frs-bus:Director1 2023-01-01 2023-12-31 NI057453 frs-bus:Director2 2023-01-01 2023-12-31 NI057453 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI057453 2021-12-31 NI057453 2022-12-31 NI057453 2022-01-01 2022-12-31 NI057453 frs-core:CurrentFinancialInstruments 2022-12-31 NI057453 frs-core:ShareCapital 2022-12-31 NI057453 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI057453
Wilson Fencing Contracts LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
M Squared Accountancy Ltd
2A Smithfield Square
Lisburn
BT28 1TH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI057453
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,653 9,003
7,653 9,003
CURRENT ASSETS
Stocks 5 385 2,125
Debtors 6 17,500 44,048
Cash at bank and in hand - 122,726
17,885 168,899
Creditors: Amounts Falling Due Within One Year 7 (20,140 ) (104,290 )
NET CURRENT ASSETS (LIABILITIES) (2,255 ) 64,609
TOTAL ASSETS LESS CURRENT LIABILITIES 5,398 73,612
PROVISIONS FOR LIABILITIES
Deferred Taxation - (521 )
NET ASSETS 5,398 73,091
CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Profit and Loss Account 398 68,091
SHAREHOLDERS' FUNDS 5,398 73,091
Page 1
Page 2
For the year ending 31 December 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 Profit and Loss Account.
On behalf of the board
Mr Norman Wilson
Director
25/05/2023
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
Wilson Fencing Contracts LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI057453 . The registered office is 2A Smithfield Square, Lisburn, BT28 1TH.
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% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 68,700
As at 31 December 2023 68,700
Depreciation
As at 1 January 2023 59,697
Provided during the period 1,350
As at 31 December 2023 61,047
Net Book Value
As at 31 December 2023 7,653
As at 1 January 2023 9,003
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5. Stocks
2023 2022
£ £
Stock 385 2,125
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 42,632
Other debtors 17,500 -
Net wages - 1,416
17,500 44,048
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,557 25,629
Other taxes and social security (Current liabilities - creditors < 1 year) PAYE/NI 4,968 5,586
VAT - 8,104
Net wages 2,800 -
Directors' loan accounts 815 64,971
20,140 104,290
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5,000 5,000
Page 4