Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08535132 P A Waldron L C Waldron iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08535132 2023-03-31 08535132 2024-03-31 08535132 2023-04-01 2024-03-31 08535132 frs-core:CurrentFinancialInstruments 2024-03-31 08535132 frs-core:ComputerEquipment 2024-03-31 08535132 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08535132 frs-core:ComputerEquipment 2023-03-31 08535132 frs-core:MotorVehicles 2024-03-31 08535132 frs-core:MotorVehicles 2023-04-01 2024-03-31 08535132 frs-core:MotorVehicles 2023-03-31 08535132 frs-core:PlantMachinery 2024-03-31 08535132 frs-core:PlantMachinery 2023-04-01 2024-03-31 08535132 frs-core:PlantMachinery 2023-03-31 08535132 frs-core:ShareCapital 2024-03-31 08535132 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08535132 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08535132 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08535132 frs-bus:SmallEntities 2023-04-01 2024-03-31 08535132 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08535132 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08535132 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08535132 frs-bus:OrdinaryShareClass1 2024-03-31 08535132 frs-bus:Director1 2023-04-01 2024-03-31 08535132 frs-bus:Director2 2023-04-01 2024-03-31 08535132 frs-countries:EnglandWales 2023-04-01 2024-03-31 08535132 2022-03-31 08535132 2023-03-31 08535132 2022-04-01 2023-03-31 08535132 frs-core:CurrentFinancialInstruments 2023-03-31 08535132 frs-core:ShareCapital 2023-03-31 08535132 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08535132 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08535132 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 08535132
Waldron Trading Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08535132
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,589 23,271
13,589 23,271
CURRENT ASSETS
Stocks 5 163,839 177,662
Debtors 6 83,418 65,373
Cash at bank and in hand 265,693 334,332
512,950 577,367
Creditors: Amounts Falling Due Within One Year 7 (246,087 ) (308,972 )
NET CURRENT ASSETS (LIABILITIES) 266,863 268,395
TOTAL ASSETS LESS CURRENT LIABILITIES 280,452 291,666
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,398 ) (5,818 )
NET ASSETS 277,054 285,848
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 276,954 285,748
SHAREHOLDERS' FUNDS 277,054 285,848
Page 1
Page 2
For the year ending 31 March 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
P A Waldron
Director
20/11/2024
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
Waldron Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08535132 . The registered office is Wood End, Prospect Road, Alresford, Hampshire, SO24 9QF.
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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and riwards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be meadured reliabliy;
  • it is possible that the Company will receive the consideration due under the transaction; and
  • the cost incurred or to be incurred in respect of the transaction can be measured 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% Straight Line
Motor Vehicles 25% Straight Line
Office Equipment 33% Straight Line
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.
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.
...CONTINUED
Page 3
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to know amounts of cash with insignificant risk of change in value.
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 April 2023 13,734 35,465 3,984 53,183
As at 31 March 2024 13,734 35,465 3,984 53,183
Depreciation
As at 1 April 2023 13,157 13,299 3,456 29,912
Provided during the period 577 8,867 238 9,682
As at 31 March 2024 13,734 22,166 3,694 39,594
Net Book Value
As at 31 March 2024 - 13,299 290 13,589
As at 1 April 2023 577 22,166 528 23,271
5. Stocks
2024 2023
as restated
£ £
Stock 163,839 177,662
Page 4
Page 5
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 83,418 50,817
Other debtor - 14,556
83,418 65,373
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 115,219 116,395
Bank loans and overdrafts 983 983
Other loans 50,000 50,000
Corporation tax 182 37,943
VAT 12,605 13,536
Accruals and deferred income 1,625 7,610
Directors' loan accounts 65,473 82,505
246,087 308,972
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
as restated
£ £
Other timing differences 3,398 5,818
9. Share Capital
2024 2023
as restated
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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