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 2762219 Mr Robert Wyke Mr Luke Wyke Mr Joshua Wyke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 2762219 2023-12-31 2762219 2024-12-31 2762219 2024-01-01 2024-12-31 2762219 frs-core:CurrentFinancialInstruments 2024-12-31 2762219 frs-core:Non-currentFinancialInstruments 2024-12-31 2762219 frs-core:ComputerEquipment 2024-12-31 2762219 frs-core:ComputerEquipment 2024-01-01 2024-12-31 2762219 frs-core:ComputerEquipment 2023-12-31 2762219 frs-core:FurnitureFittings 2024-12-31 2762219 frs-core:FurnitureFittings 2024-01-01 2024-12-31 2762219 frs-core:FurnitureFittings 2023-12-31 2762219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 2762219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 2762219 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 2762219 frs-core:MotorVehicles 2024-12-31 2762219 frs-core:MotorVehicles 2024-01-01 2024-12-31 2762219 frs-core:MotorVehicles 2023-12-31 2762219 frs-core:PlantMachinery 2024-12-31 2762219 frs-core:PlantMachinery 2024-01-01 2024-12-31 2762219 frs-core:PlantMachinery 2023-12-31 2762219 frs-core:ShareCapital 2024-12-31 2762219 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 2762219 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 2762219 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 2762219 frs-bus:SmallEntities 2024-01-01 2024-12-31 2762219 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 2762219 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 2762219 frs-bus:Director1 2024-01-01 2024-12-31 2762219 frs-bus:Director2 2024-01-01 2024-12-31 2762219 frs-bus:Director3 2024-01-01 2024-12-31 2762219 frs-countries:EnglandWales 2024-01-01 2024-12-31 2762219 2022-12-31 2762219 2023-12-31 2762219 2023-01-01 2023-12-31 2762219 frs-core:CurrentFinancialInstruments 2023-12-31 2762219 frs-core:Non-currentFinancialInstruments 2023-12-31 2762219 frs-core:MotorVehicles 2023-01-01 2023-12-31 2762219 frs-core:PlantMachinery 2023-01-01 2023-12-31 2762219 frs-core:ShareCapital 2023-12-31 2762219 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 2762219
Wyke Commercial Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 2762219
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 439,238 513,985
439,238 513,985
CURRENT ASSETS
Stocks 5 50,487 48,712
Debtors 6 297,927 356,857
Cash at bank and in hand 129,597 122,999
478,011 528,568
Creditors: Amounts Falling Due Within One Year 7 (340,863 ) (342,303 )
NET CURRENT ASSETS (LIABILITIES) 137,148 186,265
TOTAL ASSETS LESS CURRENT LIABILITIES 576,386 700,250
Creditors: Amounts Falling Due After More Than One Year 8 (71,062 ) (132,382 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (80,917 ) (97,657 )
NET ASSETS 424,407 470,211
CAPITAL AND RESERVES
Called up share capital 10 45,000 45,000
Profit and Loss Account 379,407 425,211
SHAREHOLDERS' FUNDS 424,407 470,211
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 Robert Wyke
Director
20/02/2025
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
Wyke Commercial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2762219 . The registered office is Huntsman Drive, North Bank Industrial Park, Irlam, Manchester, M44 5EG.
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 10% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% 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. 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.
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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 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.
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: 24 (2023: 23)
24 23
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 81,577 1,283,714 321,623 66,621
Additions - 7,350 - -
As at 31 December 2024 81,577 1,291,064 321,623 66,621
Depreciation
As at 1 January 2024 66,730 890,496 240,791 47,666
Provided during the period 1,488 59,573 16,164 2,844
As at 31 December 2024 68,218 950,069 256,955 50,510
Net Book Value
As at 31 December 2024 13,359 340,995 64,668 16,111
As at 1 January 2024 14,847 393,218 80,832 18,955
Computer Equipment Total
£ £
Cost
As at 1 January 2024 152,791 1,906,326
Additions - 7,350
As at 31 December 2024 152,791 1,913,676
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 146,658 1,392,341
Provided during the period 2,028 82,097
As at 31 December 2024 148,686 1,474,438
Net Book Value
As at 31 December 2024 4,105 439,238
As at 1 January 2024 6,133 513,985
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 31,748 37,351
Motor Vehicles 9,179 11,474
40,927 48,825
5. Stocks
2024 2023
£ £
Materials 33,291 30,216
Work in progress 17,196 18,496
50,487 48,712
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 288,055 347,927
Prepayments and accrued income 9,872 8,930
297,927 356,857
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,713 17,504
Trade creditors 69,535 67,400
Bank loans and overdrafts 50,000 50,000
Corporation tax 89,700 86,751
Other taxes and social security 20,882 19,055
VAT 77,287 72,299
Accruals and deferred income 22,331 28,879
Directors' loan accounts 415 415
340,863 342,303
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,729 24,049
Bank loans 58,333 108,333
71,062 132,382
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,442 41,553
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 45,000 45,000
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