Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04292606 Mr Ian Waites Mr Keith Waites Mr Christopher Roberts Mrs Lynn Waites iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04292606 2024-03-31 04292606 2025-03-31 04292606 2024-04-01 2025-03-31 04292606 frs-core:Non-currentFinancialInstruments 2025-03-31 04292606 frs-core:BetweenOneFiveYears 2025-03-31 04292606 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04292606 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04292606 frs-core:NetGoodwill 2024-04-01 2025-03-31 04292606 frs-core:MotorVehicles 2024-04-01 2025-03-31 04292606 frs-core:PlantMachinery 2024-04-01 2025-03-31 04292606 frs-core:WithinOneYear 2025-03-31 04292606 frs-core:ShareCapital 2025-03-31 04292606 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04292606 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04292606 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 04292606 frs-bus:SmallEntities 2024-04-01 2025-03-31 04292606 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04292606 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04292606 frs-bus:Director1 2024-04-01 2025-03-31 04292606 frs-bus:Director2 2024-04-01 2025-03-31 04292606 frs-bus:Director3 2024-04-01 2025-03-31 04292606 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04292606 frs-countries:EnglandWales 2024-04-01 2025-03-31 04292606 2023-03-31 04292606 2024-03-31 04292606 2023-04-01 2024-03-31 04292606 frs-core:Non-currentFinancialInstruments 2024-03-31 04292606 frs-core:BetweenOneFiveYears 2024-03-31 04292606 frs-core:WithinOneYear 2024-03-31 04292606 frs-core:ShareCapital 2024-03-31 04292606 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04292606
Waites Mechanical Services Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04292606
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 129,094 87,245
129,094 87,245
CURRENT ASSETS
Stocks 29,937 29,937
Debtors 475,723 467,778
Cash at bank and in hand 799,295 634,366
1,304,955 1,132,081
Creditors: Amounts Falling Due Within One Year (303,616 ) (512,723 )
NET CURRENT ASSETS (LIABILITIES) 1,001,339 619,358
TOTAL ASSETS LESS CURRENT LIABILITIES 1,130,433 706,603
Creditors: Amounts Falling Due After More Than One Year (62,344 ) (79,816 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,823 ) (15,067 )
NET ASSETS 1,059,266 611,720
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,059,166 611,620
SHAREHOLDERS' FUNDS 1,059,266 611,720
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ian Waites
Director
30/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Waites Mechanical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04292606 . The registered office is 3 Lockwood Park, Leeds, LS11 5UX.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. 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% on WDV
Motor Vehicles 25% on WDV
Fixtures & Fittings 20% on SLM
Computer Equipment 33% on SLM
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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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2.7. 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.

2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 13)
14 13
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 85,000
As at 31 March 2025 85,000
Amortisation
As at 1 April 2024 85,000
As at 31 March 2025 85,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 213,643
Additions 66,622
Disposals (57,912 )
As at 31 March 2025 222,353
Depreciation
As at 1 April 2024 126,398
Provided during the period 20,614
Disposals (53,753 )
As at 31 March 2025 93,259
Net Book Value
As at 31 March 2025 129,094
As at 1 April 2024 87,245
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6. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 74,541 -
Bank loans and overdrafts - 159,065
7. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,197 5,638
Later than one year and not later than five years 62,344 22,367
74,541 28,005
74,541 28,005
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme for directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £3,915 (2024: £Nil) were due to the fund. They are included in Accruals.
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