Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09136266 Mr Marco Amura Mr Alessandro Cesan Mr Esteban Cesan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09136266 2023-02-28 09136266 2024-02-29 09136266 2023-03-01 2024-02-29 09136266 frs-core:CurrentFinancialInstruments 2024-02-29 09136266 frs-core:Non-currentFinancialInstruments 2024-02-29 09136266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 09136266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09136266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 09136266 frs-core:PlantMachinery 2024-02-29 09136266 frs-core:PlantMachinery 2023-03-01 2024-02-29 09136266 frs-core:PlantMachinery 2023-02-28 09136266 frs-core:CapitalRedemptionReserve 2024-02-29 09136266 frs-core:ShareCapital 2024-02-29 09136266 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09136266 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09136266 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09136266 frs-bus:SmallEntities 2023-03-01 2024-02-29 09136266 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09136266 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09136266 frs-bus:Director1 2023-03-01 2024-02-29 09136266 frs-bus:Director2 2023-03-01 2024-02-29 09136266 frs-bus:Director3 2023-03-01 2024-02-29 09136266 frs-countries:EnglandWales 2023-03-01 2024-02-29 09136266 2022-02-28 09136266 2023-02-28 09136266 2022-03-01 2023-02-28 09136266 frs-core:CurrentFinancialInstruments 2023-02-28 09136266 frs-core:Non-currentFinancialInstruments 2023-02-28 09136266 frs-core:CapitalRedemptionReserve 2023-02-28 09136266 frs-core:ShareCapital 2023-02-28 09136266 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09136266
Wrestles Group Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09136266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 349,918 358,372
349,918 358,372
CURRENT ASSETS
Stocks 5 12,298 6,169
Debtors 6 20,815 20,339
Cash at bank and in hand 1,087 1,439
34,200 27,947
Creditors: Amounts Falling Due Within One Year 7 (169,553 ) (149,041 )
NET CURRENT ASSETS (LIABILITIES) (135,353 ) (121,094 )
TOTAL ASSETS LESS CURRENT LIABILITIES 214,565 237,278
Creditors: Amounts Falling Due After More Than One Year 8 (233,754 ) (242,988 )
NET LIABILITIES (19,189 ) (5,710 )
CAPITAL AND RESERVES
Called up share capital 10 206 205
Capital redemption reserve 1 1
Profit and Loss Account (19,396 ) (5,916 )
SHAREHOLDERS' FUNDS (19,189) (5,710)
Page 1
Page 2
For the year ending 29 February 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 Marco Amura
Director
26/11/2024
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
Wrestles Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09136266 . The registered office is 719 Eddington Way, Birchwood, Warrington, WA3 6BA.
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. 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 Not depreciated
Plant & Machinery 25% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 332,045 35,072 367,117
Additions - 450 450
As at 29 February 2024 332,045 35,522 367,567
Depreciation
As at 1 March 2023 - 8,745 8,745
Provided during the period - 8,904 8,904
As at 29 February 2024 - 17,649 17,649
Net Book Value
As at 29 February 2024 332,045 17,873 349,918
As at 1 March 2023 332,045 26,327 358,372
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 12,298 6,169
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 20,710 18,167
Other debtors 105 105
VAT - 2,067
20,815 20,339
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,799 30,346
Bank loans and overdrafts 20,518 22,277
Other taxes and social security 1,435 1,016
VAT 5,834 -
Other creditors 134,258 94,593
Accruals and deferred income 1,709 809
169,553 149,041
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 233,754 242,988
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 242,705 251,656
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 206 205
Page 4