Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12239360 Mr Ben Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12239360 2023-10-31 12239360 2024-10-31 12239360 2023-11-01 2024-10-31 12239360 frs-core:CurrentFinancialInstruments 2024-10-31 12239360 frs-core:Non-currentFinancialInstruments 2024-10-31 12239360 frs-core:BetweenOneFiveYears 2024-10-31 12239360 frs-core:MotorVehicles 2024-10-31 12239360 frs-core:MotorVehicles 2023-11-01 2024-10-31 12239360 frs-core:MotorVehicles 2023-10-31 12239360 frs-core:PlantMachinery 2023-11-01 2024-10-31 12239360 frs-core:WithinOneYear 2024-10-31 12239360 frs-core:ShareCapital 2024-10-31 12239360 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12239360 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12239360 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12239360 frs-bus:SmallEntities 2023-11-01 2024-10-31 12239360 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12239360 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12239360 frs-bus:Director1 2023-11-01 2024-10-31 12239360 frs-countries:EnglandWales 2023-11-01 2024-10-31 12239360 2022-10-31 12239360 2023-10-31 12239360 2022-11-01 2023-10-31 12239360 frs-core:CurrentFinancialInstruments 2023-10-31 12239360 frs-core:Non-currentFinancialInstruments 2023-10-31 12239360 frs-core:BetweenOneFiveYears 2023-10-31 12239360 frs-core:WithinOneYear 2023-10-31 12239360 frs-core:ShareCapital 2023-10-31 12239360 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12239360
Worksop Bulk Tippers Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12239360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 312,722 218,907
312,722 218,907
CURRENT ASSETS
Debtors 5 172,258 225,924
Cash at bank and in hand 28,296 26,027
200,554 251,951
Creditors: Amounts Falling Due Within One Year 6 (223,961 ) (273,120 )
NET CURRENT ASSETS (LIABILITIES) (23,407 ) (21,169 )
TOTAL ASSETS LESS CURRENT LIABILITIES 289,315 197,738
Creditors: Amounts Falling Due After More Than One Year 7 (173,740 ) (95,405 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,740 ) (19,226 )
NET ASSETS 103,835 83,107
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 103,735 83,007
SHAREHOLDERS' FUNDS 103,835 83,107
Page 1
Page 2
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 Ben Turner
Director
21/07/2025
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
Worksop Bulk Tippers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12239360 . The registered office is 111 The Oval, Retford, Nottinghamshire, DN22 7SD.
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 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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
Page 3
Page 4
2.5. 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: 10 (2023: 12)
10 12
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2023 334,500
Additions 190,785
Disposals (30,500 )
As at 31 October 2024 494,785
Depreciation
As at 1 November 2023 115,593
Provided during the period 86,453
Disposals (19,983 )
As at 31 October 2024 182,063
Net Book Value
As at 31 October 2024 312,722
As at 1 November 2023 218,907
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 125,266 116,974
Other debtors 46,992 108,950
172,258 225,924
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 80,211 31,050
Trade creditors 47,458 125,091
Bank loans and overdrafts 16,667 10,000
Other creditors 47,270 64,284
Taxation and social security 32,355 42,695
223,961 273,120
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 161,240 91,238
Bank loans 12,500 4,167
173,740 95,405
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 80,211 31,050
Later than one year and not later than five years 161,240 91,238
241,451 122,288
241,451 122,288
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5