Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06209147 Mr D Farren Mr M Borowski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06209147 2023-04-30 06209147 2024-04-30 06209147 2023-05-01 2024-04-30 06209147 frs-core:CurrentFinancialInstruments 2024-04-30 06209147 frs-core:ComputerEquipment 2024-04-30 06209147 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06209147 frs-core:ComputerEquipment 2023-04-30 06209147 frs-core:FurnitureFittings 2024-04-30 06209147 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06209147 frs-core:FurnitureFittings 2023-04-30 06209147 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06209147 frs-core:MotorVehicles 2024-04-30 06209147 frs-core:MotorVehicles 2023-05-01 2024-04-30 06209147 frs-core:MotorVehicles 2023-04-30 06209147 frs-core:PlantMachinery 2024-04-30 06209147 frs-core:PlantMachinery 2023-05-01 2024-04-30 06209147 frs-core:PlantMachinery 2023-04-30 06209147 frs-core:ShareCapital 2024-04-30 06209147 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06209147 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06209147 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06209147 frs-bus:SmallEntities 2023-05-01 2024-04-30 06209147 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06209147 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06209147 frs-bus:Director1 2023-05-01 2024-04-30 06209147 frs-bus:Director2 2023-05-01 2024-04-30 06209147 frs-countries:EnglandWales 2023-05-01 2024-04-30 06209147 2022-04-30 06209147 2023-04-30 06209147 2022-05-01 2023-04-30 06209147 frs-core:CurrentFinancialInstruments 2023-04-30 06209147 frs-core:ShareCapital 2023-04-30 06209147 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06209147
Wessex Manufacturing Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Frost & Company
Chartered Accountants
Unit C, Regent House
9 Crown Square
Dorchester
Dorset
DT1 3DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06209147
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 142,402 108,847
142,402 108,847
CURRENT ASSETS
Stocks 5 171,299 166,397
Debtors 6 86,885 164,508
Cash at bank and in hand 26,509 16,596
284,693 347,501
Creditors: Amounts Falling Due Within One Year 7 (199,408 ) (210,769 )
NET CURRENT ASSETS (LIABILITIES) 85,285 136,732
TOTAL ASSETS LESS CURRENT LIABILITIES 227,687 245,579
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,796 ) (6,033 )
NET ASSETS 224,891 239,546
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 224,791 239,446
SHAREHOLDERS' FUNDS 224,891 239,546
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For the year ending 30 April 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 D Farren
Director
21/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Wessex Manufacturing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06209147 . The registered office is Unit 17 Crane Way, Three Legged Cross, Wimborne, BH21 6FA.
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. 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:
Freehold 0%
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 30% reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 8)
10 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 209,858 15,650 7,277 4,323 237,108
Additions 68,597 - 10,680 - 79,277
As at 30 April 2024 278,455 15,650 17,957 4,323 316,385
Depreciation
As at 1 May 2023 106,977 12,864 4,619 3,801 128,261
Provided during the period 42,868 696 2,001 157 45,722
As at 30 April 2024 149,845 13,560 6,620 3,958 173,983
Net Book Value
As at 30 April 2024 128,610 2,090 11,337 365 142,402
As at 1 May 2023 102,881 2,786 2,658 522 108,847
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5. Stocks
2024 2023
£ £
Stock 171,299 166,397
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,975 96,743
Other debtors 30,910 67,765
86,885 164,508
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,025 105,378
Other creditors 108,624 102,168
Taxation and social security 4,759 3,223
199,408 210,769
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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