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
Wyatt and Ackerman (Bristol) LTD
Company Information
for the year ended 31 July 2024
Company Number
4258874 (England and Wales)
Registered Office
30 NORTH STREET
BEDMINSTER
BRISTOL
BS3 1HW
ENGLAND
Wyatt and Ackerman (Bristol) LTD
Statement of financial position
as at 31 July 2024
Tangible assets
11,982
15,591
Inventories
117,525
134,076
Cash at bank and in hand
748,614
656,737
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
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
Wyatt and Ackerman (Bristol) LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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 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 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.
Wyatt and Ackerman (Bristol) LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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.
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
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
At 31 July 2024
14,396
34,490
48,886
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
At 31 July 2024
1,070
10,912
11,982
At 31 July 2023
1,041
14,550
15,591
Wyatt and Ackerman (Bristol) LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
292,140
342,240
Accrued income and prepayments
4,097
4,097
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
153,418
198,239
Taxes and social security
61,901
51,230
Loans from directors
76,370
85,529
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).