Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 9191250 Mr Jamie Madden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9191250 2023-08-31 9191250 2024-08-31 9191250 2023-09-01 2024-08-31 9191250 frs-core:CurrentFinancialInstruments 2024-08-31 9191250 frs-core:Non-currentFinancialInstruments 2024-08-31 9191250 frs-core:FurnitureFittings 2024-08-31 9191250 frs-core:FurnitureFittings 2023-09-01 2024-08-31 9191250 frs-core:FurnitureFittings 2023-08-31 9191250 frs-core:MotorVehicles 2024-08-31 9191250 frs-core:MotorVehicles 2023-09-01 2024-08-31 9191250 frs-core:MotorVehicles 2023-08-31 9191250 frs-core:PlantMachinery 2024-08-31 9191250 frs-core:PlantMachinery 2023-09-01 2024-08-31 9191250 frs-core:PlantMachinery 2023-08-31 9191250 frs-core:ShareCapital 2024-08-31 9191250 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 9191250 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 9191250 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 9191250 frs-bus:SmallEntities 2023-09-01 2024-08-31 9191250 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 9191250 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 9191250 frs-bus:Director1 2023-09-01 2024-08-31 9191250 frs-bus:Director1 2023-08-31 9191250 frs-bus:Director1 2024-08-31 9191250 frs-countries:EnglandWales 2023-09-01 2024-08-31 9191250 2022-08-31 9191250 2023-08-31 9191250 2022-09-01 2023-08-31 9191250 frs-core:CurrentFinancialInstruments 2023-08-31 9191250 frs-core:Non-currentFinancialInstruments 2023-08-31 9191250 frs-core:ShareCapital 2023-08-31 9191250 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 9191250
West Yorkshire Sealants Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 9191250
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 117,541 48,841
117,541 48,841
CURRENT ASSETS
Debtors 5 638,890 540,530
Cash at bank and in hand 447,615 421,140
1,086,505 961,670
Creditors: Amounts Falling Due Within One Year 6 (180,023 ) (149,956 )
NET CURRENT ASSETS (LIABILITIES) 906,482 811,714
TOTAL ASSETS LESS CURRENT LIABILITIES 1,024,023 860,555
Creditors: Amounts Falling Due After More Than One Year 7 - (16,096 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,333 ) (9,280 )
NET ASSETS 1,001,690 835,179
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 1,001,590 835,079
SHAREHOLDERS' FUNDS 1,001,690 835,179
Page 1
Page 2
For the year ending 31 August 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 Income Statement.
On behalf of the board
Mr Jamie Madden
Director
13/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
West Yorkshire Sealants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9191250 . The registered office is The Plex, 15 Margaret Street, Wakefield, West Yorkshire, WF1 2DQ.
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:
Plant & Machinery 25% Straight Line
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 20% 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 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: 6 (2023: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 146,058 - 2,176 148,234
Additions 13,500 97,626 - 111,126
Disposals (40,990 ) - - (40,990 )
As at 31 August 2024 118,568 97,626 2,176 218,370
Depreciation
As at 1 September 2023 99,024 - 369 99,393
Provided during the period 26,777 6,674 435 33,886
Disposals (32,450 ) - - (32,450 )
As at 31 August 2024 93,351 6,674 804 100,829
Net Book Value
As at 31 August 2024 25,217 90,952 1,372 117,541
As at 1 September 2023 47,034 - 1,807 48,841
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 275,192 202,917
Prepayments and accrued income 1,210 805
Other debtors 65,000 65,000
VAT 21,699 18,313
Director's loan account 155,789 153,495
Amounts owed by group undertakings 120,000 100,000
638,890 540,530
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,991 62,239
Bank loans and overdrafts - 10,293
Corporation tax 43,066 59,175
Other taxes and social security 28,530 17,762
Other creditors 3,436 487
180,023 149,956
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 16,096
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Jamie Madden (153,495 ) (75,308 ) 73,014 - (155,789 )
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Design, Build & Refurb Properties LimitedUnder common controlThe amount owed by the related party at the balanace sheet date was £100,000 (2023: £ 100,000).

Design, Build & Refurb Properties Limited

Under common control

The amount owed by the related party at the balanace sheet date was £100,000 (2023: £ 100,000).

Yorkshire Commercial Sealants LimitedUnder common controlThe amount owed by the related party at the balanace sheet date was £20,000 (2023: Nil).

Yorkshire Commercial Sealants Limited

Under common control

The amount owed by the related party at the balanace sheet date was £20,000 (2023: Nil).

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