Acorah Software Products - Accounts Production 16.2.800 false true true 28 June 2023 30 June 2022 false 29 June 2023 28 June 2024 28 June 2024 13469235 J I Wicks S L Wicks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13469235 2023-06-28 13469235 2024-06-28 13469235 2023-06-29 2024-06-28 13469235 frs-core:CurrentFinancialInstruments 2024-06-28 13469235 frs-core:MotorVehicles 2024-06-28 13469235 frs-core:MotorVehicles 2023-06-29 2024-06-28 13469235 frs-core:MotorVehicles 2023-06-28 13469235 frs-core:PlantMachinery 2024-06-28 13469235 frs-core:PlantMachinery 2023-06-29 2024-06-28 13469235 frs-core:PlantMachinery 2023-06-28 13469235 frs-core:ShareCapital 2024-06-28 13469235 frs-core:RetainedEarningsAccumulatedLosses 2024-06-28 13469235 frs-bus:PrivateLimitedCompanyLtd 2023-06-29 2024-06-28 13469235 frs-bus:FilletedAccounts 2023-06-29 2024-06-28 13469235 frs-bus:SmallEntities 2023-06-29 2024-06-28 13469235 frs-bus:AuditExempt-NoAccountantsReport 2023-06-29 2024-06-28 13469235 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-29 2024-06-28 13469235 frs-bus:OrdinaryShareClass1 2023-06-29 2024-06-28 13469235 frs-bus:OrdinaryShareClass1 2024-06-28 13469235 frs-bus:Director1 2023-06-29 2024-06-28 13469235 frs-bus:Director1 2023-06-28 13469235 frs-bus:Director1 2024-06-28 13469235 frs-bus:CompanySecretary1 2023-06-29 2024-06-28 13469235 frs-countries:EnglandWales 2023-06-29 2024-06-28 13469235 2022-06-29 13469235 2023-06-28 13469235 2022-06-30 2023-06-28 13469235 frs-core:CurrentFinancialInstruments 2023-06-28 13469235 frs-core:ShareCapital 2023-06-28 13469235 frs-core:RetainedEarningsAccumulatedLosses 2023-06-28 13469235 frs-bus:OrdinaryShareClass1 2022-06-30 2023-06-28
Registered number: 13469235
Wicks Construction & Engineering Ltd
Unaudited Financial Statements
For The Year Ended 28 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13469235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,260 24,860
15,260 24,860
CURRENT ASSETS
Stocks 5 29,826 115,236
Debtors 6 144 5,423
Cash at bank and in hand 5,561 5,499
35,531 126,158
Creditors: Amounts Falling Due Within One Year 7 (111,737 ) (107,144 )
NET CURRENT ASSETS (LIABILITIES) (76,206 ) 19,014
TOTAL ASSETS LESS CURRENT LIABILITIES (60,946 ) 43,874
NET (LIABILITIES)/ASSETS (60,946 ) 43,874
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (60,947 ) 43,873
SHAREHOLDERS' FUNDS (60,946) 43,874
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For the year ending 28 June 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
J I Wicks
Director
27th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wicks Construction & Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13469235 . The registered office is 105 Keene Way, Chelmsford, Essex, CM2 8NS.
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. Going Concern Disclosure
The director continues to support the activites for the company.
2.3. 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.
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.
2.4. 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:
Plant & Machinery 3 years straight line & 25% reducing balance
Motor Vehicles 25% straight line
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. Financial Instruments
Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
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2.7. 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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 29 June 2023 2,902 36,163 39,065
As at 28 June 2024 2,902 36,163 39,065
Depreciation
As at 29 June 2023 1,415 12,790 14,205
Provided during the period 559 9,041 9,600
As at 28 June 2024 1,974 21,831 23,805
Net Book Value
As at 28 June 2024 928 14,332 15,260
As at 29 June 2023 1,487 23,373 24,860
5. Stocks
2024 2023
£ £
Work in progress 29,826 115,236
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 144 70
Other debtors - 5,353
144 5,423
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,107 29,864
Other creditors 107,245 68,077
Taxation and social security 2,385 9,203
111,737 107,144
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 June 2023 Amounts advanced Amounts repaid Amounts written off As at 28 June 2024
£ £ £ £ £
James Wicks (65,877 ) 28,962 (67,330 ) - (104,245 )
The above loan is unsecured, interest free and repayable on demand.
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