5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 15,000 12,525 825 13,350 1,650 2,475 15,253 2,923 122 18,054 9,767 2,092 83 11,776 6,278 5,486 xbrli:pure xbrli:shares iso4217:GBP 06425104 2023-12-01 2024-11-30 06425104 2024-11-30 06425104 2023-11-30 06425104 2022-12-01 2023-11-30 06425104 2023-11-30 06425104 2022-11-30 06425104 core:NetGoodwill 2023-12-01 2024-11-30 06425104 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 06425104 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 06425104 bus:Director1 2023-12-01 2024-11-30 06425104 core:NetGoodwill 2023-11-30 06425104 core:NetGoodwill 2024-11-30 06425104 core:WithinOneYear 2024-11-30 06425104 core:WithinOneYear 2023-11-30 06425104 core:ShareCapital 2024-11-30 06425104 core:ShareCapital 2023-11-30 06425104 core:RetainedEarningsAccumulatedLosses 2024-11-30 06425104 core:RetainedEarningsAccumulatedLosses 2023-11-30 06425104 core:NetGoodwill 2023-11-30 06425104 bus:SmallEntities 2023-12-01 2024-11-30 06425104 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 06425104 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 06425104 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06425104 bus:FullAccounts 2023-12-01 2024-11-30 06425104 bus:OrdinaryShareClass1 2024-11-30 06425104 bus:OrdinaryShareClass1 2023-11-30 06425104 bus:OrdinaryShareClass2 2024-11-30 06425104 bus:OrdinaryShareClass2 2023-11-30 06425104 bus:AllOrdinaryShares 2024-11-30 06425104 bus:AllOrdinaryShares 2023-11-30 06425104 core:OfficeEquipment 2023-12-01 2024-11-30 06425104 core:OfficeEquipment 2023-11-30 06425104 core:OfficeEquipment 2024-11-30
COMPANY REGISTRATION NUMBER: 06425104
Wessex Computers Limited
Filleted Unaudited Financial Statements
30 November 2024
Wessex Computers Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
1,650
2,475
Tangible assets
6
6,278
5,486
-------
-------
7,928
7,961
Current assets
Stocks
3,109
3,040
Debtors
7
33,187
40,682
Cash at bank and in hand
100,469
94,598
---------
---------
136,765
138,320
Creditors: amounts falling due within one year
8
54,584
80,146
---------
---------
Net current assets
82,181
58,174
--------
--------
Total assets less current liabilities
90,109
66,135
Provisions
Taxation including deferred tax
1,570
1,665
--------
--------
Net assets
88,539
64,470
--------
--------
Wessex Computers Limited
Statement of Financial Position (continued)
30 November 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
9
200
200
Profit and loss account
88,339
64,270
--------
--------
Shareholder funds
88,539
64,470
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 August 2025 , and are signed on behalf of the board by:
Mr G W G Wigley
Director
Company registration number: 06425104
Wessex Computers Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Norway Business Centre, Compton Road, Yeovil, Somerset, BA21 5BU. This is also the principal place of business.
2. Statement of compliance
These financial statements have been prepared in accordance with FRS 102 section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
15,000
--------
Amortisation
At 1 December 2023
12,525
Charge for the year
825
--------
At 30 November 2024
13,350
--------
Carrying amount
At 30 November 2024
1,650
--------
At 30 November 2023
2,475
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2023
15,253
15,253
Additions
2,923
2,923
Disposals
( 122)
( 122)
--------
--------
At 30 November 2024
18,054
18,054
--------
--------
Depreciation
At 1 December 2023
9,767
9,767
Charge for the year
2,092
2,092
Disposals
( 83)
( 83)
--------
--------
At 30 November 2024
11,776
11,776
--------
--------
Carrying amount
At 30 November 2024
6,278
6,278
--------
--------
At 30 November 2023
5,486
5,486
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
32,091
39,136
Other debtors
1,096
1,546
--------
--------
33,187
40,682
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
20,000
17,921
Social security and other taxes
16,776
16,711
Other creditors
17,808
45,514
--------
--------
54,584
80,146
--------
--------
9. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
Ordinary B shares of £ 1 each
100
100
100
100
-------
-------
-------
-------
1,100
1,100
1,100
1,100
-------
-------
-------
-------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
Ordinary B shares of £ 1 each
100
100
100
100
----
----
----
----
200
200
200
200
----
----
----
----