Wrentech Design Limited 01877846 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of engineering and design consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 01877846 2024-04-01 2025-03-31 01877846 2025-03-31 01877846 core:CurrentFinancialInstruments 2025-03-31 01877846 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01877846 core:OfficeEquipment 2025-03-31 01877846 1 2025-03-31 01877846 bus:SmallEntities 2024-04-01 2025-03-31 01877846 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01877846 bus:FilletedAccounts 2024-04-01 2025-03-31 01877846 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01877846 bus:RegisteredOffice 2024-04-01 2025-03-31 01877846 bus:Director2 2024-04-01 2025-03-31 01877846 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01877846 core:OfficeEquipment 2024-04-01 2025-03-31 01877846 countries:England 2024-04-01 2025-03-31 01877846 1 2024-04-01 2025-03-31 01877846 2024-03-31 01877846 core:OfficeEquipment 2024-03-31 01877846 1 2024-03-31 01877846 2023-04-01 2024-03-31 01877846 2024-03-31 01877846 core:CurrentFinancialInstruments 2024-03-31 01877846 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01877846 core:OfficeEquipment 2024-03-31 01877846 1 2024-03-31 01877846 1 2023-04-01 2024-03-31 01877846 1 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 01877846

Wrentech Design Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Wrentech Design Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Wrentech Design Limited

(Registration number: 01877846)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

497

100

Current assets

 

Debtors

5

6,138

4,557

Cash at bank and in hand

 

5,681

344

 

11,819

4,901

Creditors: Amounts falling due within one year

6

(30,613)

(36,285)

Net current liabilities

 

(18,794)

(31,384)

Total assets less current liabilities

 

(18,297)

(31,284)

Provisions for liabilities

(124)

(19)

Net liabilities

 

(18,421)

(31,303)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(18,521)

(31,403)

Shareholders' deficit

 

(18,421)

(31,303)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 25 July 2025 and signed on its behalf by:
 


Dudley Wren
Director

 

Wrentech Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30 St Peter Street
Tiverton
Devon
EX16 6NR

Principal activity

The principal activity of the company is the provision of engineering and design consultancy services.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Wrentech Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

Wrentech Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Wrentech Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

1,137

1,137

Additions

655

655

Disposals

(1,137)

(1,137)

At 31 March 2025

655

655

Depreciation

At 1 April 2024

1,037

1,037

Charge for the year

258

258

Eliminated on disposal

(1,137)

(1,137)

At 31 March 2025

158

158

Carrying amount

At 31 March 2025

497

497

At 31 March 2024

100

100

5

Debtors

2025
£

2024
£

Trade debtors

5,152

4,186

Prepayments

986

371

6,138

4,557

 

Wrentech Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

8

9

Taxation and social security

2,115

1,428

Accruals and deferred income

1,440

1,400

Other creditors

27,050

33,448

30,613

36,285

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

The Directors

(32,017)

44,294

(37,895)

(25,618)

         
       

 

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

The Directors

(30,857)

42,123

(43,283)

(32,017)

 

Wrentech Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

 

9

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the company's directors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets.
The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.