Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 01915596 Mr Jeffrey Rollings Mr Guy Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01915596 2023-06-30 01915596 2024-06-30 01915596 2023-07-01 2024-06-30 01915596 frs-core:CurrentFinancialInstruments 2024-06-30 01915596 frs-core:NetGoodwill 2024-06-30 01915596 frs-core:NetGoodwill 2023-07-01 2024-06-30 01915596 frs-core:NetGoodwill 2023-06-30 01915596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 01915596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01915596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 01915596 frs-core:MotorVehicles 2024-06-30 01915596 frs-core:MotorVehicles 2023-07-01 2024-06-30 01915596 frs-core:MotorVehicles 2023-06-30 01915596 frs-core:PlantMachinery 2024-06-30 01915596 frs-core:PlantMachinery 2023-07-01 2024-06-30 01915596 frs-core:PlantMachinery 2023-06-30 01915596 frs-core:SharePremium 2024-06-30 01915596 frs-core:ShareCapital 2024-06-30 01915596 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 01915596 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01915596 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 01915596 frs-bus:SmallEntities 2023-07-01 2024-06-30 01915596 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01915596 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01915596 frs-bus:Director1 2023-07-01 2024-06-30 01915596 frs-bus:Director2 2023-07-01 2024-06-30 01915596 frs-countries:EnglandWales 2023-07-01 2024-06-30 01915596 2022-06-30 01915596 2023-06-30 01915596 2022-07-01 2023-06-30 01915596 frs-core:CurrentFinancialInstruments 2023-06-30 01915596 frs-core:SharePremium 2023-06-30 01915596 frs-core:ShareCapital 2023-06-30 01915596 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 01915596
W. D. Rollings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01915596
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 833,119 873,639
833,119 873,639
CURRENT ASSETS
Stocks 6 133,634 175,844
Debtors 7 112,636 114,703
Cash at bank and in hand 350,799 385,390
597,069 675,937
Creditors: Amounts Falling Due Within One Year 8 (91,023 ) (123,141 )
NET CURRENT ASSETS (LIABILITIES) 506,046 552,796
TOTAL ASSETS LESS CURRENT LIABILITIES 1,339,165 1,426,435
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,258 ) (16,359 )
NET ASSETS 1,318,907 1,410,076
CAPITAL AND RESERVES
Called up share capital 9 200,000 200,000
Share premium account 127,306 127,306
Profit and Loss Account 991,601 1,082,770
SHAREHOLDERS' FUNDS 1,318,907 1,410,076
Page 1
Page 2
For the year ending 30 June 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 Guy Marshall
Director
15 October 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
W. D. Rollings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01915596 . The registered office is Waterloo Glass Works, Waterloo Street, Harrogate, North Yorkshire, HG1 5JD.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 At varying rates on cost
Plant & Machinery 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
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2.6. Taxation - continued
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 118,320
As at 30 June 2024 118,320
Amortisation
As at 1 July 2023 118,320
As at 30 June 2024 118,320
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 July 2023 842,140 670,084 177,403 1,689,627
Additions - 4,750 - 4,750
As at 30 June 2024 842,140 674,834 177,403 1,694,377
Depreciation
As at 1 July 2023 111,639 594,798 109,551 815,988
Provided during the period 8,298 20,009 16,963 45,270
As at 30 June 2024 119,937 614,807 126,514 861,258
Net Book Value
As at 30 June 2024 722,203 60,027 50,889 833,119
As at 1 July 2023 730,501 75,286 67,852 873,639
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 133,634 175,844
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 101,034 103,875
Prepayments and accrued income 11,602 10,828
112,636 114,703
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,828 61,692
Corporation tax (3,704 ) 11,323
Other taxes and social security 8,633 8,824
VAT 29,793 30,435
Other creditors - 555
Accruals and deferred income 5,250 8,089
Directors' loan accounts 2,223 2,223
91,023 123,141
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,000 200,000
Page 5