Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC425046 Mr Wayne Large iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC425046 2022-12-31 SC425046 2023-12-31 SC425046 2023-01-01 2023-12-31 SC425046 frs-core:CurrentFinancialInstruments 2023-12-31 SC425046 frs-core:ShareCapital 2023-12-31 SC425046 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC425046 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC425046 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC425046 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC425046 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC425046 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC425046 frs-bus:Director1 2023-01-01 2023-12-31 SC425046 frs-countries:Scotland 2023-01-01 2023-12-31 SC425046 2021-12-31 SC425046 2022-12-31 SC425046 2022-01-01 2022-12-31 SC425046 frs-core:CurrentFinancialInstruments 2022-12-31 SC425046 frs-core:ShareCapital 2022-12-31 SC425046 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC425046
Wrecking Ball Retail Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Harleys Bookkeeping & Tax Returns Ltd
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC425046
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 217,882 177,063
Debtors 5 146 9,608
Cash at bank and in hand 671,108 618,462
889,136 805,133
Creditors: Amounts Falling Due Within One Year 6 (826,905 ) (701,252 )
NET CURRENT ASSETS (LIABILITIES) 62,231 103,881
TOTAL ASSETS LESS CURRENT LIABILITIES 62,231 103,881
NET ASSETS 62,231 103,881
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 62,131 103,781
SHAREHOLDERS' FUNDS 62,231 103,881
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 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 Wayne Large
Director
13/03/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wrecking Ball Retail Limited is a private company, limited by shares, incorporated in Scotland, registered number SC425046 . The registered office is 1 New Dickson House, Dunfermline, Fife, KY12 7SL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 60 (2022: 47)
60 47
4. Stocks
2023 2022
£ £
Finished goods 217,882 177,063
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 146 -
Corporation tax recoverable assets - 9,608
146 9,608
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 733,106 604,667
VAT 42,264 20,082
Accruals and deferred income 51,450 76,503
Director's loan account 85 -
826,905 701,252
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3