Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06966044 Mr Alan Willis Mrs Thelma Willis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06966044 2023-07-31 06966044 2024-07-31 06966044 2023-08-01 2024-07-31 06966044 frs-core:CurrentFinancialInstruments 2024-07-31 06966044 frs-core:Non-currentFinancialInstruments 2024-07-31 06966044 frs-core:MotorVehicles 2024-07-31 06966044 frs-core:MotorVehicles 2023-08-01 2024-07-31 06966044 frs-core:MotorVehicles 2023-07-31 06966044 frs-core:PlantMachinery 2024-07-31 06966044 frs-core:PlantMachinery 2023-08-01 2024-07-31 06966044 frs-core:PlantMachinery 2023-07-31 06966044 frs-core:ShareCapital 2024-07-31 06966044 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06966044 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06966044 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06966044 frs-bus:SmallEntities 2023-08-01 2024-07-31 06966044 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06966044 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06966044 frs-bus:Director1 2023-08-01 2024-07-31 06966044 frs-bus:Director2 2023-08-01 2024-07-31 06966044 frs-core:CurrentFinancialInstruments 9 2024-07-31 06966044 frs-countries:EnglandWales 2023-08-01 2024-07-31 06966044 2022-07-31 06966044 2023-07-31 06966044 2022-08-01 2023-07-31 06966044 frs-core:CurrentFinancialInstruments 2023-07-31 06966044 frs-core:Non-currentFinancialInstruments 2023-07-31 06966044 frs-core:ShareCapital 2023-07-31 06966044 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06966044 frs-core:CurrentFinancialInstruments 9 2023-07-31
Registered number: 06966044
A & R Willis (Catering Trailers) Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Deborah Martin Accountant Ltd
FMAAT
5 Mortimer Road
Royston
SG8 7HS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06966044
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,492 2,293
21,492 2,293
CURRENT ASSETS
Stocks 5 82,550 113,499
Debtors 6 82,033 50,066
Cash at bank and in hand 15,579 57,250
180,162 220,815
Creditors: Amounts Falling Due Within One Year 7 (176,322 ) (193,836 )
NET CURRENT ASSETS (LIABILITIES) 3,840 26,979
TOTAL ASSETS LESS CURRENT LIABILITIES 25,332 29,272
Creditors: Amounts Falling Due After More Than One Year 8 (19,004 ) (29,018 )
NET ASSETS 6,328 254
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 6,326 252
SHAREHOLDERS' FUNDS 6,328 254
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For the year ending 31 July 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 Alan Willis
Director
Mrs Thelma Willis
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A & R Willis (Catering Trailers) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06966044 . The registered office is Unit 9 Wyndmere Park, Ashwell Road Steeple Morden, Royston, Hertfordshire, SG8 0NZ.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% 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. 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: 17 (2023: 12)
17 12
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 1,576 12,192 13,768
Additions 5,033 23,500 28,533
Disposals - (12,192 ) (12,192 )
As at 31 July 2024 6,609 23,500 30,109
Depreciation
As at 1 August 2023 1,453 10,022 11,475
Provided during the period 1,289 5,875 7,164
Disposals - (10,022 ) (10,022 )
As at 31 July 2024 2,742 5,875 8,617
Net Book Value
As at 31 July 2024 3,867 17,625 21,492
As at 1 August 2023 123 2,170 2,293
5. Stocks
2024 2023
£ £
Materials 64,730 51,399
Work in progress 17,820 62,100
82,550 113,499
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,003 47,036
Other debtors 3,030 3,030
82,033 50,066
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 98,625 66,776
Bank loans and overdrafts 2,592 989
Corporation tax 9,475 7,777
Other taxes and social security 9,139 721
VAT 35,285 36,081
Pension creditor 1,235 239
Accruals 19,780 81,250
Directors' loan accounts 191 3
176,322 193,836
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,004 29,018
19,004 29,018
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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