Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11011474 Mr William Prior Mr Richard Bartoletti Mr Owen Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11011474 2022-10-31 11011474 2023-10-31 11011474 2022-11-01 2023-10-31 11011474 frs-core:CurrentFinancialInstruments 2023-10-31 11011474 frs-core:Non-currentFinancialInstruments 2023-10-31 11011474 frs-core:ShareCapital 2023-10-31 11011474 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11011474 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11011474 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11011474 frs-bus:SmallEntities 2022-11-01 2023-10-31 11011474 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11011474 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11011474 frs-bus:Director1 2022-11-01 2023-10-31 11011474 frs-bus:Director2 2022-11-01 2023-10-31 11011474 frs-bus:Director3 2022-11-01 2023-10-31 11011474 frs-countries:EnglandWales 2022-11-01 2023-10-31 11011474 2021-10-31 11011474 2022-10-31 11011474 2021-11-01 2022-10-31 11011474 frs-core:CurrentFinancialInstruments 2022-10-31 11011474 frs-core:Non-currentFinancialInstruments 2022-10-31 11011474 frs-core:ShareCapital 2022-10-31 11011474 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11011474
Willterlet Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11011474
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 4 2,968 2,968
Debtors 5 115,209 102,920
Cash at bank and in hand (12,837 ) (1,604 )
105,340 104,284
Creditors: Amounts Falling Due Within One Year 6 (57,710 ) (61,960 )
NET CURRENT ASSETS (LIABILITIES) 47,630 42,324
TOTAL ASSETS LESS CURRENT LIABILITIES 47,630 42,324
Creditors: Amounts Falling Due After More Than One Year 7 (41,473 ) 1
NET ASSETS 6,157 42,325
CAPITAL AND RESERVES
Called up share capital 8 300 300
Income Statement 5,857 42,025
SHAREHOLDERS' FUNDS 6,157 42,325
Page 1
Page 2
For the year ending 31 October 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 Income Statement.
On behalf of the board
Mr William Prior
Director
31/10/2024
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
Willterlet Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11011474 . The registered office is 128 City Road, London, Greater London, EC1V 2NX.
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.
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Stocks
2023 2022
£ £
Finished goods 2,968 2,968
5. Debtors
2023 2022
£ £
Due within one year
VAT 8,133 16,920
Directors' loan accounts 107,076 86,000
115,209 102,920
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,623 -
Bank loans and overdrafts 22,076 34,548
Corporation tax 29,842 22,263
Other taxes and social security 169 -
Accruals and deferred income - 1,080
Directors' loan accounts - 4,069
57,710 61,960
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Trade creditors - (1 )
Bank loans 41,473 -
41,473 (1 )
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 300
Page 4