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 09159277 Mr Alexander Wright Mr Alexander James Wright true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09159277 2023-02-28 09159277 2024-02-29 09159277 2023-03-01 2024-02-29 09159277 frs-core:CurrentFinancialInstruments 2024-02-29 09159277 frs-core:Non-currentFinancialInstruments 2024-02-29 09159277 frs-core:BetweenOneFiveYears 2024-02-29 09159277 frs-core:ComputerEquipment 2024-02-29 09159277 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09159277 frs-core:ComputerEquipment 2023-02-28 09159277 frs-core:MotorVehicles 2024-02-29 09159277 frs-core:MotorVehicles 2023-03-01 2024-02-29 09159277 frs-core:MotorVehicles 2023-02-28 09159277 frs-core:PlantMachinery 2024-02-29 09159277 frs-core:PlantMachinery 2023-03-01 2024-02-29 09159277 frs-core:PlantMachinery 2023-02-28 09159277 frs-core:ShareCapital 2024-02-29 09159277 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09159277 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09159277 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09159277 frs-bus:SmallEntities 2023-03-01 2024-02-29 09159277 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09159277 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09159277 1 2023-03-01 2024-02-29 09159277 frs-bus:Director1 2023-03-01 2024-02-29 09159277 frs-countries:EnglandWales 2023-03-01 2024-02-29 09159277 2022-02-28 09159277 2023-02-28 09159277 2022-03-01 2023-02-28 09159277 frs-core:CurrentFinancialInstruments 2023-02-28 09159277 frs-core:Non-currentFinancialInstruments 2023-02-28 09159277 frs-core:BetweenOneFiveYears 2023-02-28 09159277 frs-core:ShareCapital 2023-02-28 09159277 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09159277
WRIGHTS ROOFING SERVICES LTD
Financial Statements
For The Year Ended 29 February 2024
Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
In accordance with the engagement letter dated 14 July 2021, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
15/11/2024
Accounts House
Chartered Certified Accountants
209A Station Lane
Hornchurch
Essex
RM12 6LL
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Balance Sheet
Registered number: 09159277
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 191,030 113,019
191,030 113,019
CURRENT ASSETS
Debtors 4 58,937 62,997
Cash at bank and in hand 74,908 58,976
133,845 121,973
Creditors: Amounts Falling Due Within One Year 5 (159,611 ) (144,534 )
NET CURRENT ASSETS (LIABILITIES) (25,766 ) (22,561 )
TOTAL ASSETS LESS CURRENT LIABILITIES 165,264 90,458
Creditors: Amounts Falling Due After More Than One Year 6 (45,264 ) (55,838 )
NET ASSETS 120,000 34,620
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 119,900 34,520
SHAREHOLDERS' FUNDS 120,000 34,620
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Alexander Wright
Director
15/11/2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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% on Reducing Balance
Motor Vehicles @20% on Reducing Balance
Computer Equipment @20% on Reducing Balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. 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 year 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 asset reflects 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 1,583 172,798 13,742 188,123
Additions - 139,718 - 139,718
Disposals - (21,799 ) - (21,799 )
As at 29 February 2024 1,583 290,717 13,742 306,042
Depreciation
As at 1 March 2023 571 68,204 6,329 75,104
Provided during the period 202 48,862 1,482 50,546
Disposals - (10,638 ) - (10,638 )
As at 29 February 2024 773 106,428 7,811 115,012
Net Book Value
As at 29 February 2024 810 184,289 5,931 191,030
As at 1 March 2023 1,012 104,594 7,413 113,019
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 58,937 62,997
58,937 62,997
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,930 70,229
Bank loans and overdrafts 21,185 24,066
Corporation tax 6,073 34,224
Other taxes and social security 211 1,520
VAT 27,212 14,495
159,611 144,534
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,264 55,838
45,264 55,838
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7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Between one and five years 45,264 55,838
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 26,240 85,187
26,240 85,187
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Alexander James Wright by virtue of his ownership of 100% of the issued share capital in the company.
11. General Information
WRIGHTS ROOFING SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09159277 . The registered office is Haydens Barn Onslow Green, Barnston, Dunmow, Essex, CM6 3PP.
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