Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 8 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14283190 Mr Nicholas Godsell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14283190 2023-08-31 14283190 2024-08-31 14283190 2023-09-01 2024-08-31 14283190 frs-core:CurrentFinancialInstruments 2024-08-31 14283190 frs-core:MotorVehicles 2024-08-31 14283190 frs-core:MotorVehicles 2023-09-01 2024-08-31 14283190 frs-core:MotorVehicles 2023-08-31 14283190 frs-core:ShareCapital 2024-08-31 14283190 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14283190 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14283190 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14283190 frs-bus:SmallEntities 2023-09-01 2024-08-31 14283190 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14283190 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14283190 frs-bus:Director1 2023-09-01 2024-08-31 14283190 frs-countries:EnglandWales 2023-09-01 2024-08-31 14283190 2022-08-07 14283190 2023-08-31 14283190 2022-08-08 2023-08-31 14283190 frs-core:CurrentFinancialInstruments 2023-08-31 14283190 frs-core:ShareCapital 2023-08-31 14283190 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14283190
The Wasp Guys Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14283190
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,671 2,250
3,671 2,250
CURRENT ASSETS
Debtors 5 10,116 15,989
Cash at bank and in hand 20,663 79,249
30,779 95,238
Creditors: Amounts Falling Due Within One Year 6 (16,134 ) (73,503 )
NET CURRENT ASSETS (LIABILITIES) 14,645 21,735
TOTAL ASSETS LESS CURRENT LIABILITIES 18,316 23,985
NET ASSETS 18,316 23,985
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 18,315 23,984
SHAREHOLDERS' FUNDS 18,316 23,985
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 Nicholas Godsell
Director
27/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Wasp Guys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14283190 . The registered office is East Lodge, Kartway House, Lugwardine, Hereford, HR1 4AE.
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 25% Reducing Balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 September 2023 3,000
Additions 2,645
As at 31 August 2024 5,645
Depreciation
As at 1 September 2023 750
Provided during the period 1,224
As at 31 August 2024 1,974
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 August 2024 3,671
As at 1 September 2023 2,250
5. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 7,340 8,894
Other debtors 2,776 7,095
10,116 15,989
6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 400 2,813
Corporation tax 3,852 14,749
VAT 11,423 25,551
Director's loan account 459 30,390
16,134 73,503
7. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3