Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 04757771 Mr Peter Hopkins Ms Sarah Hopkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04757771 2023-11-30 04757771 2024-11-30 04757771 2023-12-01 2024-11-30 04757771 frs-core:CurrentFinancialInstruments 2024-11-30 04757771 frs-core:Non-currentFinancialInstruments 2024-11-30 04757771 frs-core:ComputerEquipment 2024-11-30 04757771 frs-core:ComputerEquipment 2023-12-01 2024-11-30 04757771 frs-core:ComputerEquipment 2023-11-30 04757771 frs-core:MotorVehicles 2024-11-30 04757771 frs-core:MotorVehicles 2023-12-01 2024-11-30 04757771 frs-core:MotorVehicles 2023-11-30 04757771 frs-core:PlantMachinery 2024-11-30 04757771 frs-core:PlantMachinery 2023-12-01 2024-11-30 04757771 frs-core:PlantMachinery 2023-11-30 04757771 frs-core:ShareCapital 2024-11-30 04757771 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04757771 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04757771 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04757771 frs-bus:SmallEntities 2023-12-01 2024-11-30 04757771 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04757771 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04757771 frs-bus:Director1 2023-12-01 2024-11-30 04757771 frs-bus:Director1 2023-11-30 04757771 frs-bus:Director1 2024-11-30 04757771 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 04757771 frs-countries:EnglandWales 2023-12-01 2024-11-30 04757771 2022-11-30 04757771 2023-11-30 04757771 2022-12-01 2023-11-30 04757771 frs-core:CurrentFinancialInstruments 2023-11-30 04757771 frs-core:Non-currentFinancialInstruments 2023-11-30 04757771 frs-core:ShareCapital 2023-11-30 04757771 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 04757771
That's a Wrap Sales Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04757771
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,463 30,949
83,463 30,949
CURRENT ASSETS
Stocks 5 231,066 146,315
Debtors 6 84,250 176,890
Cash at bank and in hand 311,979 302,102
627,295 625,307
Creditors: Amounts Falling Due Within One Year 7 (181,449 ) (143,810 )
NET CURRENT ASSETS (LIABILITIES) 445,846 481,497
TOTAL ASSETS LESS CURRENT LIABILITIES 529,309 512,446
Creditors: Amounts Falling Due After More Than One Year 8 (5,834 ) (15,833 )
NET ASSETS 523,475 496,613
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 523,465 496,603
SHAREHOLDERS' FUNDS 523,475 496,613
Page 1
Page 2
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.
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 Peter Hopkins
Director
29/08/2025
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
That's a Wrap Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04757771 . The registered office is Wellington House, 273-275 High Street, London Colney, Hertfordshire, AL2 1HA.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
2.5. 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 5,245 80,451 13,168 98,864
Additions 22,000 50,773 - 72,773
As at 30 November 2024 27,245 131,224 13,168 171,637
Depreciation
As at 1 December 2023 4,554 50,193 13,168 67,915
Provided during the period 5,674 14,585 - 20,259
As at 30 November 2024 10,228 64,778 13,168 88,174
Net Book Value
As at 30 November 2024 17,017 66,446 - 83,463
As at 1 December 2023 691 30,258 - 30,949
5. Stocks
2024 2023
£ £
Stock 231,066 146,315
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,529 59,802
Other debtors 43,601 82,088
84,130 141,890
Due after more than one year
Amounts owed by participating interests 120 35,000
84,250 176,890
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,963 92,261
Bank loans and overdrafts 10,000 10,000
Other creditors 106,654 7,851
Taxation and social security 16,832 33,698
181,449 143,810
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,834 15,833
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
10. Directors Advances, Credits and Guarantees
Included within Creditors (2023, debtor) are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Peter Hopkins (39,349 ) (53,912 ) 147,456 - 54,195
The above loan is unsecured, interest free and repayable on demand.
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