Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07088337 John Harwood Michael Tiplady Alan Barclay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07088337 2022-12-31 07088337 2023-12-31 07088337 2023-01-01 2023-12-31 07088337 frs-core:CurrentFinancialInstruments 2023-12-31 07088337 frs-core:ComputerEquipment 2023-12-31 07088337 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07088337 frs-core:ComputerEquipment 2022-12-31 07088337 frs-core:FurnitureFittings 2023-12-31 07088337 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07088337 frs-core:FurnitureFittings 2022-12-31 07088337 frs-core:PlantMachinery 2023-12-31 07088337 frs-core:PlantMachinery 2023-01-01 2023-12-31 07088337 frs-core:PlantMachinery 2022-12-31 07088337 frs-core:CapitalRedemptionReserve 2023-12-31 07088337 frs-core:ShareCapital 2023-12-31 07088337 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07088337 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07088337 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07088337 frs-bus:SmallEntities 2023-01-01 2023-12-31 07088337 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07088337 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07088337 frs-bus:Director1 2023-01-01 2023-12-31 07088337 frs-bus:Director1 2022-12-31 07088337 frs-bus:Director1 2023-12-31 07088337 frs-bus:Director2 2023-01-01 2023-12-31 07088337 frs-bus:Director2 2022-12-31 07088337 frs-bus:Director2 2023-12-31 07088337 frs-bus:Director3 2023-01-01 2023-12-31 07088337 frs-bus:Director3 2022-12-31 07088337 frs-bus:Director3 2023-12-31 07088337 frs-countries:EnglandWales 2023-01-01 2023-12-31 07088337 2021-12-31 07088337 2022-12-31 07088337 2022-01-01 2022-12-31 07088337 frs-core:CurrentFinancialInstruments 2022-12-31 07088337 frs-core:CapitalRedemptionReserve 2022-12-31 07088337 frs-core:ShareCapital 2022-12-31 07088337 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07088337
Wellesley Construction Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kerrs Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07088337
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 160 200
160 200
CURRENT ASSETS
Debtors 5 41,841 76,346
Cash at bank and in hand 43,595 45,979
85,436 122,325
Creditors: Amounts Falling Due Within One Year 6 (33,964 ) (65,722 )
NET CURRENT ASSETS (LIABILITIES) 51,472 56,603
TOTAL ASSETS LESS CURRENT LIABILITIES 51,632 56,803
NET ASSETS 51,632 56,803
CAPITAL AND RESERVES
Called up share capital 7 90 120
Capital redemption reserve 30 -
Profit and Loss Account 51,512 56,683
SHAREHOLDERS' FUNDS 51,632 56,803
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
John Harwood
Director
Michael Tiplady
Director
Alan Barclay
Director
24/09/2024
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
Wellesley Construction Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07088337 . The registered office is 266-268 Wickham Road, Shirley, Croydon, Surrey, CR0 8BJ.
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.
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 20% reducing balance
Fixtures & Fittings 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 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.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 1,049 324 1,032 2,405
As at 31 December 2023 1,049 324 1,032 2,405
Depreciation
As at 1 January 2023 1,049 300 856 2,205
Provided during the period - 5 35 40
As at 31 December 2023 1,049 305 891 2,245
Net Book Value
As at 31 December 2023 - 19 141 160
As at 1 January 2023 - 24 176 200
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 28,041 58,096
Prepayments and accrued income 6,961 6,957
Directors' loan accounts 6,839 11,293
41,841 76,346
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,505 55,714
Corporation tax 1 -
VAT 6,558 8,183
Accruals and deferred income 1,900 1,825
33,964 65,722
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 90 120
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr John Harwood 3,764 2,315 (3,800 ) - 2,279
Mr Michael Tiplady 3,764 2,315 (3,800 ) - 2,279
Mr Alan Barclay 3,764 2,315 (3,800 ) - 2,279
The above loan is unsecured, interest free and repayable on demand. This balance is repiad within 9 months of the year end.
Page 5