Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04305763 Mrs Verity Naylor Mr Storey Stuart Mrs Janice Wing Wodson Park Trust (Company No. 04757847) true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04305763 2023-03-31 04305763 2024-03-31 04305763 2023-04-01 2024-03-31 04305763 frs-core:ShareCapital 2024-03-31 04305763 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04305763 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04305763 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04305763 frs-bus:SmallEntities 2023-04-01 2024-03-31 04305763 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04305763 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04305763 1 2023-04-01 2024-03-31 04305763 frs-bus:Director1 2023-04-01 2024-03-31 04305763 frs-bus:Director2 2023-04-01 2024-03-31 04305763 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04305763 frs-countries:EnglandWales 2023-04-01 2024-03-31 04305763 2022-03-31 04305763 2023-03-31 04305763 2022-04-01 2023-03-31 04305763 frs-core:ShareCapital 2023-03-31 04305763 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04305763
Wadesmill Suite Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wadesmill Suite Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the directors of Wadesmill Suite Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wadesmill Suite Limited and state those matters that we have agreed to state to the directors of Wadesmill Suite Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Wadesmill Suite Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wadesmill Suite Limited . You consider that Wadesmill Suite Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Wadesmill Suite Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
Kevin Rose
29/01/2025
IAC Audit and Consultancy Ltd
23 Westbury Road
Yarnbrook
Wiltshire
BA14 6AG
Page 1
Page 2
Balance Sheet
Registered number: 04305763
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 3,969
Debtors 5 - 1,797
Cash at bank and in hand 3 3
3 5,769
Creditors: Amounts Falling Due Within One Year 6 - (1,000 )
NET CURRENT ASSETS (LIABILITIES) 3 4,769
TOTAL ASSETS LESS CURRENT LIABILITIES 3 4,769
NET ASSETS 3 4,769
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account - 4,766
SHAREHOLDERS' FUNDS 3 4,769
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
Mr Storey Stuart
Director
20/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wadesmill Suite Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04305763 . The registered office is Wodson Park, Wadesmill Road, Ware, Hertfordshire, SG12 0UQ.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Stocks
2024 2023
£ £
Stock - 3,969
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 1,172
Other debtors - 625
- 1,797
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 1,000
Page 3
Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking and controlling party is Wodson Park Trust (Company Number 04757847) by virtue of its ownership of 100% of the shares of the company.
Page 4