Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03798145 Mrs M Wheeler Mr T J Wheeler Mr J R Froome Mrs M Wheeler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03798145 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-08-31 03798145 2023-08-31 03798145 2024-08-31 03798145 2023-09-01 2024-08-31 03798145 frs-core:CurrentFinancialInstruments 2024-08-31 03798145 frs-core:Non-currentFinancialInstruments 2024-08-31 03798145 frs-core:BetweenOneFiveYears 2024-08-31 03798145 frs-core:FurnitureFittings 2024-08-31 03798145 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03798145 frs-core:FurnitureFittings 2023-08-31 03798145 frs-core:NetGoodwill 2024-08-31 03798145 frs-core:NetGoodwill 2023-09-01 2024-08-31 03798145 frs-core:NetGoodwill 2023-08-31 03798145 frs-core:MotorVehicles 2024-08-31 03798145 frs-core:MotorVehicles 2023-09-01 2024-08-31 03798145 frs-core:MotorVehicles 2023-08-31 03798145 frs-core:PlantMachinery 2024-08-31 03798145 frs-core:PlantMachinery 2023-09-01 2024-08-31 03798145 frs-core:PlantMachinery 2023-08-31 03798145 frs-core:WithinOneYear 2024-08-31 03798145 frs-core:ShareCapital 2024-08-31 03798145 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03798145 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03798145 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03798145 frs-bus:SmallEntities 2023-09-01 2024-08-31 03798145 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03798145 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03798145 frs-bus:Director1 2023-09-01 2024-08-31 03798145 frs-bus:Director2 2023-09-01 2024-08-31 03798145 frs-bus:Director3 2023-09-01 2024-08-31 03798145 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03798145 frs-core:CurrentFinancialInstruments 9 2024-08-31 03798145 frs-countries:EnglandWales 2023-09-01 2024-08-31 03798145 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 03798145 2022-08-31 03798145 2023-08-31 03798145 2022-09-01 2023-08-31 03798145 frs-core:CurrentFinancialInstruments 2023-08-31 03798145 frs-core:Non-currentFinancialInstruments 2023-08-31 03798145 frs-core:BetweenOneFiveYears 2023-08-31 03798145 frs-core:MoreThanFiveYears 2023-08-31 03798145 frs-core:WithinOneYear 2023-08-31 03798145 frs-core:ShareCapital 2023-08-31 03798145 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 03798145 frs-core:CurrentFinancialInstruments 9 2023-08-31
Registered number: 03798145
T. J. Wheeler Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03798145
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,000 36,000
Tangible Assets 5 117,468 49,552
147,468 85,552
CURRENT ASSETS
Stocks 1,499 2,013
Debtors 6 64,155 30,116
Cash at bank and in hand 48,876 60,070
114,530 92,199
Creditors: Amounts Falling Due Within One Year 7 (170,221 ) (111,012 )
NET CURRENT ASSETS (LIABILITIES) (55,691 ) (18,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES 91,777 66,739
Creditors: Amounts Falling Due After More Than One Year 8 (30,093 ) (35,648 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,790 ) (4,149 )
NET ASSETS 42,894 26,942
CAPITAL AND RESERVES
Called up share capital 125 125
Profit and Loss Account 42,769 26,817
SHAREHOLDERS' FUNDS 42,894 26,942
Page 1
Page 2
For the year ending 31 August 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 T J Wheeler
Director
13/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
T. J. Wheeler Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03798145 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. 
Acquired goodwill is written off in equal instalments to the profit and loss over its estimated useful economic life of 10 years.
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 the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.5. 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.
2.6. Taxation
Tax on profit 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 13 (2023: 11)
13 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 60,000
As at 31 August 2024 60,000
Amortisation
As at 1 September 2023 24,000
Provided during the period 6,000
As at 31 August 2024 30,000
Net Book Value
As at 31 August 2024 30,000
As at 1 September 2023 36,000
Page 4
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 159,326 22,000 3,578 184,904
Additions 80,961 9,950 - 90,911
Disposals - (1,250 ) - (1,250 )
As at 31 August 2024 240,287 30,700 3,578 274,565
Depreciation
As at 1 September 2023 116,900 15,662 2,790 135,352
Provided during the period 18,508 3,972 118 22,598
Disposals - (853 ) - (853 )
As at 31 August 2024 135,408 18,781 2,908 157,097
Net Book Value
As at 31 August 2024 104,879 11,919 670 117,468
As at 1 September 2023 42,426 6,338 788 49,552
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,800 28,484
Other debtors 9,875 -
Prepayments 5,124 1,632
Directors' loan accounts 356 -
64,155 30,116
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 113,130 23,588
Bank loans and overdrafts 5,556 5,556
Corporation tax 19,164 34,196
VAT 9,035 24,481
Accruals and deferred income 23,336 23,047
Directors' loan accounts - 144
170,221 111,012
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,093 35,648
30,093 35,648
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 7,871 13,426
9. Other Commitments
At 31 August 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £19,513 (2023 - £24,062).
2024 2023
£ £
Not later than one year 4,549 4,549
Later than one year and not later than five years 14,964 18,196
Later than five years - 1,317
19,513 24,062
10. Related Party Transactions
Included within debtors is an amount of £356 (2023 - £144 creditor) owed to the company by the directors, Mr & Mrs T J Wheeler. This loan is interest free and repayable on demand. 
During the year the company paid rent of £56,630 (2023 - £51,431) to the directors, Mr & Mrs T J Wheeler.
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