Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10453922 Mr John Wrightson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10453922 2023-10-31 10453922 2024-10-31 10453922 2023-11-01 2024-10-31 10453922 frs-core:CurrentFinancialInstruments 2024-10-31 10453922 frs-core:Non-currentFinancialInstruments 2024-10-31 10453922 frs-core:ComputerEquipment 2024-10-31 10453922 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10453922 frs-core:ComputerEquipment 2023-10-31 10453922 frs-core:MotorVehicles 2024-10-31 10453922 frs-core:MotorVehicles 2023-11-01 2024-10-31 10453922 frs-core:MotorVehicles 2023-10-31 10453922 frs-core:ShareCapital 2024-10-31 10453922 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10453922 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10453922 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10453922 frs-bus:SmallEntities 2023-11-01 2024-10-31 10453922 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10453922 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10453922 frs-bus:Director1 2023-11-01 2024-10-31 10453922 frs-bus:Director1 2023-10-31 10453922 frs-bus:Director1 2024-10-31 10453922 frs-countries:EnglandWales 2023-11-01 2024-10-31 10453922 2022-10-31 10453922 2023-10-31 10453922 2022-11-01 2023-10-31 10453922 frs-core:CurrentFinancialInstruments 2023-10-31 10453922 frs-core:Non-currentFinancialInstruments 2023-10-31 10453922 frs-core:ShareCapital 2023-10-31 10453922 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10453922
WPL (Safety) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of WPL (Safety) Limited For The Year Ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of WPL (Safety) Limited For The Year Ended 31 October 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 to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of WPL (Safety) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of WPL (Safety) Limited and state those matters that we have agreed to state to the director of WPL (Safety) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WPL (Safety) Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that WPL (Safety) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of WPL (Safety) Limited . You consider that WPL (Safety) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of WPL (Safety) 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 financial statements.
Signed
3 April 2025
The Alanbrookes Group Ltd
Chartered Accountants
24 The Glove Factory
Holt
Wiltshire
BA14 6RL
Page 1
Page 2
Balance Sheet
Registered number: 10453922
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,570 2,957
1,570 2,957
CURRENT ASSETS
Debtors 5 27,473 58,107
Cash at bank and in hand 30,938 9,710
58,411 67,817
Creditors: Amounts Falling Due Within One Year 6 (54,606 ) (46,428 )
NET CURRENT ASSETS (LIABILITIES) 3,805 21,389
TOTAL ASSETS LESS CURRENT LIABILITIES 5,375 24,346
Creditors: Amounts Falling Due After More Than One Year 7 (5,000 ) (10,000 )
NET ASSETS 375 14,346
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 275 14,246
SHAREHOLDERS' FUNDS 375 14,346
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Page 3
For the year ending 31 October 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
Mr John Wrightson
Director
3 April 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
WPL (Safety) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10453922 . The registered office is Ashley House, Silver Street, Wrington Bristol, BS40 5QE.
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. 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:
Motor Vehicles 33% Straight Line
Computer Equipment 33% Straight Line
2.4. 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 year 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
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2.4. 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 asset reflects 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: 3 (2023: 2)
3 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 3,030 3,428 6,458
As at 31 October 2024 3,030 3,428 6,458
Depreciation
As at 1 November 2023 1,750 1,751 3,501
Provided during the period 422 965 1,387
As at 31 October 2024 2,172 2,716 4,888
Net Book Value
As at 31 October 2024 858 712 1,570
As at 1 November 2023 1,280 1,677 2,957
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,119 58,107
Other debtors 6,354 -
27,473 58,107
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Other creditors 1,185 1,665
Taxation and social security 48,421 39,763
54,606 46,428
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,000 10,000
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr John Wrightson 475 (20,071 ) 13,242 - (6,354 )
The above loan is unsecured, interest free and repayable on demand.
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