Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05740602 Mr Colin Wilton Mrs Susan Wilton Mrs Susan Wilton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05740602 2023-03-31 05740602 2024-03-31 05740602 2023-04-01 2024-03-31 05740602 frs-core:CurrentFinancialInstruments 2024-03-31 05740602 frs-core:NetGoodwill 2024-03-31 05740602 frs-core:NetGoodwill 2023-04-01 2024-03-31 05740602 frs-core:NetGoodwill 2023-03-31 05740602 frs-core:MotorVehicles 2024-03-31 05740602 frs-core:MotorVehicles 2023-04-01 2024-03-31 05740602 frs-core:MotorVehicles 2023-03-31 05740602 frs-core:PlantMachinery 2024-03-31 05740602 frs-core:PlantMachinery 2023-04-01 2024-03-31 05740602 frs-core:PlantMachinery 2023-03-31 05740602 frs-core:ShareCapital 2024-03-31 05740602 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05740602 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05740602 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05740602 frs-bus:SmallEntities 2023-04-01 2024-03-31 05740602 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05740602 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05740602 frs-bus:Director1 2023-04-01 2024-03-31 05740602 frs-bus:Director2 2023-04-01 2024-03-31 05740602 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05740602 frs-countries:EnglandWales 2023-04-01 2024-03-31 05740602 2022-03-31 05740602 2023-03-31 05740602 2022-04-01 2023-03-31 05740602 frs-core:CurrentFinancialInstruments 2023-03-31 05740602 frs-core:ShareCapital 2023-03-31 05740602 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05740602
Colin Wilton Heating & Plumbing Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Howards Accountants
Suite 17
Camborne Business Centre
Camborne
Cornwall
TR14 7DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05740602
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,842 10,455
7,842 10,455
CURRENT ASSETS
Debtors 6 9,357 13,202
Cash at bank and in hand 5,200 6,491
14,557 19,693
Creditors: Amounts Falling Due Within One Year 7 (21,842 ) (26,752 )
NET CURRENT ASSETS (LIABILITIES) (7,285 ) (7,059 )
TOTAL ASSETS LESS CURRENT LIABILITIES 557 3,396
NET ASSETS 557 3,396
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 456 3,295
SHAREHOLDERS' FUNDS 557 3,396
Page 1
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For the year ending 31 March 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
Mrs Susan Wilton
Director
1st October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Colin Wilton Heating & Plumbing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05740602 . The registered office is 53, Mount Pleasant Close, Camborne, Cornwall, TR14 7RZ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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 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 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 7,444 20,070 27,514
As at 31 March 2024 7,444 20,070 27,514
Depreciation
As at 1 April 2023 6,791 10,268 17,059
Provided during the period 163 2,450 2,613
As at 31 March 2024 6,954 12,718 19,672
Net Book Value
As at 31 March 2024 490 7,352 7,842
As at 1 April 2023 653 9,802 10,455
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,590 11,349
Other debtors 2,767 1,853
9,357 13,202
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 8,257 11,188
Other creditors 12,886 15,009
Taxation and social security 699 555
21,842 26,752
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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