Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05076759 Mr Paul Hanman Ms Jenny Hanman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05076759 2023-03-31 05076759 2024-03-31 05076759 2023-04-01 2024-03-31 05076759 frs-core:CurrentFinancialInstruments 2024-03-31 05076759 frs-core:Non-currentFinancialInstruments 2024-03-31 05076759 frs-core:BetweenOneFiveYears 2024-03-31 05076759 frs-core:MotorVehicles 2024-03-31 05076759 frs-core:MotorVehicles 2023-04-01 2024-03-31 05076759 frs-core:MotorVehicles 2023-03-31 05076759 frs-core:PlantMachinery 2024-03-31 05076759 frs-core:PlantMachinery 2023-04-01 2024-03-31 05076759 frs-core:PlantMachinery 2023-03-31 05076759 frs-core:WithinOneYear 2024-03-31 05076759 frs-core:ShareCapital 2024-03-31 05076759 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05076759 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05076759 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05076759 frs-bus:SmallEntities 2023-04-01 2024-03-31 05076759 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05076759 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05076759 frs-bus:Director1 2023-04-01 2024-03-31 05076759 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05076759 frs-countries:EnglandWales 2023-04-01 2024-03-31 05076759 2022-03-31 05076759 2023-03-31 05076759 2022-04-01 2023-03-31 05076759 frs-core:CurrentFinancialInstruments 2023-03-31 05076759 frs-core:Non-currentFinancialInstruments 2023-03-31 05076759 frs-core:BetweenOneFiveYears 2023-03-31 05076759 frs-core:MotorVehicles 2022-04-01 2023-03-31 05076759 frs-core:WithinOneYear 2023-03-31 05076759 frs-core:ShareCapital 2023-03-31 05076759 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05076759
Tapit & Wrapit Scaffolding Company Limited
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: 05076759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,605 50,149
47,605 50,149
CURRENT ASSETS
Debtors 5 30,731 49,409
Cash at bank and in hand 11,549 10,645
42,280 60,054
Creditors: Amounts Falling Due Within One Year 6 (82,919 ) (55,021 )
NET CURRENT ASSETS (LIABILITIES) (40,639 ) 5,033
TOTAL ASSETS LESS CURRENT LIABILITIES 6,966 55,182
Creditors: Amounts Falling Due After More Than One Year 7 (2,266 ) (11,328 )
NET ASSETS 4,700 43,854
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 4,698 43,852
SHAREHOLDERS' FUNDS 4,700 43,854
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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 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 Paul Hanman
Director
24 December 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
Tapit & Wrapit Scaffolding Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05076759 . The registered office is 150 Westbourne Park, Mackworth, Derby, Derbyshire, DE22 4HB.
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 20% reducing balance
2.4. 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.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 59,273 63,850 123,123
Additions 8,405 - 8,405
As at 31 March 2024 67,678 63,850 131,528
Depreciation
As at 1 April 2023 57,732 15,242 72,974
Provided during the period 1,228 9,721 10,949
As at 31 March 2024 58,960 24,963 83,923
Net Book Value
As at 31 March 2024 8,718 38,887 47,605
As at 1 April 2023 1,541 48,608 50,149
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 35,926 44,907
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,932 29,484
Prepayments and accrued income 6,233 5,777
Other debtors 10,845 -
Corporation tax recoverable assets - 6,027
VAT 6,721 8,121
30,731 49,409
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,062 9,062
Trade creditors 2,931 4,763
Other taxes and social security 54,736 1,674
Other creditors 7,776 34,554
Accruals and deferred income 8,414 4,968
82,919 55,021
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,266 11,328
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,062 9,062
Later than one year and not later than five years 2,266 11,328
11,328 20,390
11,328 20,390
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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