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Company Registration No. 4258874 (England and Wales)
Wyatt and Ackerman (Bristol) LTD Unaudited accounts for the year ended 31 July 2024
Wyatt and Ackerman (Bristol) LTD Unaudited accounts Contents
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Wyatt and Ackerman (Bristol) LTD Company Information for the year ended 31 July 2024
Directors
M Lewis J Lewis
Company Number
4258874 (England and Wales)
Registered Office
30 NORTH STREET BEDMINSTER BRISTOL BS3 1HW ENGLAND
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Wyatt and Ackerman (Bristol) LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,982 
15,591 
Current assets
Inventories
117,525 
134,076 
Debtors
296,237 
346,337 
Cash at bank and in hand
748,614 
656,737 
1,162,376 
1,137,150 
Creditors: amounts falling due within one year
(297,167)
(339,678)
Net current assets
865,209 
797,472 
Total assets less current liabilities
877,191 
813,063 
Provisions for liabilities
Deferred tax
(2,996)
(3,898)
Net assets
874,195 
809,165 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
874,193 
809,163 
Shareholders' funds
874,195 
809,165 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
M Lewis Director Company Registration No. 4258874
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Wyatt and Ackerman (Bristol) LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Wyatt and Ackerman (Bristol) LTD is a private company, limited by shares, registered in England and Wales, registration number 4258874. The registered office is 30 NORTH STREET, BEDMINSTER, BRISTOL, BS3 1HW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% and 25% on cost
Motor vehicles
25% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill has historically been written off in equal annual instalments over its estimated economic life of 20 years.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wyatt and Ackerman (Bristol) LTD Notes to the Accounts for the year ended 31 July 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
57,000 
At 31 July 2024
57,000 
Amortisation
At 1 August 2023
57,000 
At 31 July 2024
57,000 
Net book value
At 31 July 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
13,673 
34,490 
48,163 
Additions
723 
- 
723 
At 31 July 2024
14,396 
34,490 
48,886 
Depreciation
At 1 August 2023
12,632 
19,940 
32,572 
Charge for the year
694 
3,638 
4,332 
At 31 July 2024
13,326 
23,578 
36,904 
Net book value
At 31 July 2024
1,070 
10,912 
11,982 
At 31 July 2023
1,041 
14,550 
15,591 
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Wyatt and Ackerman (Bristol) LTD Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
292,140 
342,240 
Accrued income and prepayments
4,097 
4,097 
296,237 
346,337 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
153,418 
198,239 
Taxes and social security
61,901 
51,230 
Other creditors
1,065 
267 
Loans from directors
76,370 
85,529 
Accruals
4,413 
4,413 
297,167 
339,678 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,389 
1,000 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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