Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04346748 Mr Joseph Wright Mr David Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04346748 2023-12-31 04346748 2024-12-31 04346748 2024-01-01 2024-12-31 04346748 frs-core:CurrentFinancialInstruments 2024-12-31 04346748 frs-core:Non-currentFinancialInstruments 2024-12-31 04346748 frs-core:BetweenOneFiveYears 2024-12-31 04346748 frs-core:FurnitureFittings 2024-12-31 04346748 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04346748 frs-core:FurnitureFittings 2023-12-31 04346748 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04346748 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04346748 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04346748 frs-core:MotorVehicles 2024-12-31 04346748 frs-core:MotorVehicles 2024-01-01 2024-12-31 04346748 frs-core:MotorVehicles 2023-12-31 04346748 frs-core:PlantMachinery 2024-12-31 04346748 frs-core:PlantMachinery 2024-01-01 2024-12-31 04346748 frs-core:PlantMachinery 2023-12-31 04346748 frs-core:WithinOneYear 2024-12-31 04346748 frs-core:ShareCapital 2024-12-31 04346748 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04346748 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04346748 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04346748 frs-bus:SmallEntities 2024-01-01 2024-12-31 04346748 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04346748 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04346748 frs-bus:Director1 2024-01-01 2024-12-31 04346748 frs-bus:Director2 2024-01-01 2024-12-31 04346748 frs-countries:EnglandWales 2024-01-01 2024-12-31 04346748 2022-12-31 04346748 2023-12-31 04346748 2023-01-01 2023-12-31 04346748 frs-core:CurrentFinancialInstruments 2023-12-31 04346748 frs-core:Non-currentFinancialInstruments 2023-12-31 04346748 frs-core:BetweenOneFiveYears 2023-12-31 04346748 frs-core:MotorVehicles 2023-01-01 2023-12-31 04346748 frs-core:PlantMachinery 2023-01-01 2023-12-31 04346748 frs-core:WithinOneYear 2023-12-31 04346748 frs-core:ShareCapital 2023-12-31 04346748 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04346748
Wrightway Plant Glazing & Repairs Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Meacher-Jones
Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04346748
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,824 225,979
193,824 225,979
CURRENT ASSETS
Stocks 5 15,500 15,500
Debtors 6 314,240 439,692
Cash at bank and in hand 57,699 42,443
387,439 497,635
Creditors: Amounts Falling Due Within One Year 7 (443,472 ) (513,430 )
NET CURRENT ASSETS (LIABILITIES) (56,033 ) (15,795 )
TOTAL ASSETS LESS CURRENT LIABILITIES 137,791 210,184
Creditors: Amounts Falling Due After More Than One Year 8 (70,927 ) (72,417 )
NET ASSETS 66,864 137,767
CAPITAL AND RESERVES
Called up share capital 11 20 20
Profit and Loss Account 66,844 137,747
SHAREHOLDERS' FUNDS 66,864 137,767
Page 1
Page 2
For the year ending 31 December 2024 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.
On behalf of the board
Mr David Wright
Director
6 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wrightway Plant Glazing & Repairs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04346748 . The registered office is Northern Lights Garage Rossfield Road, Rossmore Industrial Estate, Ellesmere Port, Cheshire, CH65 3AW.
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:
Leasehold Nil
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
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. 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.
Page 3
Page 4
2.6. 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.
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: 23 (2023: 23)
23 23
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 3,575 136,318 492,686 2,569 635,148
Additions - 3,835 83,254 - 87,089
Disposals - - (52,750 ) - (52,750 )
As at 31 December 2024 3,575 140,153 523,190 2,569 669,487
Depreciation
As at 1 January 2024 - 116,488 290,191 2,490 409,169
Provided during the period - 9,001 93,331 27 102,359
Disposals - - (35,865 ) - (35,865 )
As at 31 December 2024 - 125,489 347,657 2,517 475,663
Net Book Value
As at 31 December 2024 3,575 14,664 175,533 52 193,824
As at 1 January 2024 3,575 19,830 202,495 79 225,979
Page 4
Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 10,043 15,283
Motor Vehicles 110,830 106,244
120,873 121,527
5. Stocks
2024 2023
£ £
Stock 15,500 15,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 309,112 435,898
Prepayments and accrued income 4,378 3,795
Other debtors 750 (1 )
314,240 439,692
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 53,502 44,912
Trade creditors 97,382 111,503
Bank loans and overdrafts 201,766 238,893
Corporation tax 1,031 11,706
Other taxes and social security 7,712 14,317
VAT 57,998 61,959
Other creditors 5,050 3,310
Accruals and deferred income 1,247 1,866
Directors' loan accounts 17,784 24,964
443,472 513,430
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 70,927 60,594
Bank loans - 11,823
70,927 72,417
Page 5
Page 6
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured. The hire purchase creditors are secured via the assets to which they relate.The Praetura Invocie Finance Limited factoring account is secured by fixed and floating charges over the assets of the company.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 124,429 105,506
Bank loans and overdrafts 189,920 216,893
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 53,502 44,912
Later than one year and not later than five years 70,927 60,594
124,429 105,506
124,429 105,506
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 42,343 60,000
13.
Page 6