Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04165484 Mrs Kyriacou Skordis M.N.C. Management Ltd 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04165484 2023-12-31 04165484 2024-12-31 04165484 2024-01-01 2024-12-31 04165484 frs-core:CurrentFinancialInstruments 2024-12-31 04165484 frs-core:ShareCapital 2024-12-31 04165484 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04165484 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04165484 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04165484 frs-bus:SmallEntities 2024-01-01 2024-12-31 04165484 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04165484 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04165484 1 2024-01-01 2024-12-31 04165484 frs-bus:Director1 2024-01-01 2024-12-31 04165484 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04165484 frs-countries:EnglandWales 2024-01-01 2024-12-31 04165484 2022-12-31 04165484 2023-12-31 04165484 2023-01-01 2023-12-31 04165484 frs-core:CurrentFinancialInstruments 2023-12-31 04165484 frs-core:ShareCapital 2023-12-31 04165484 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04165484
Wilking Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 04165484
2024 2023
Notes
CURRENT ASSETS
Stocks 4 78,500 67,100
Debtors 5 395,450 104,859
Cash at bank and in hand 229,944 585,304
703,894 757,263
Creditors: Amounts Falling Due Within One Year 6 (616,671 ) (671,219 )
NET CURRENT ASSETS (LIABILITIES) 87,223 86,044
TOTAL ASSETS LESS CURRENT LIABILITIES 87,223 86,044
NET ASSETS 87,223 86,044
CAPITAL AND RESERVES
Called up share capital 7 1,200 1,200
Income Statement 86,023 84,844
SHAREHOLDERS' FUNDS 87,223 86,044
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Mrs Kyriacou Skordis
Director
29 July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wilking Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04165484 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in euros, which is the functional currency of the entity.
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; 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. 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. 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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into euros at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
The tax expense represents the sum of the corporation 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.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Stocks
2024 2023
Stock 78,500 67,100
5. Debtors
2024 2023
Due within one year
Trade debtors 386,876 97,066
Prepayments and accrued income 8,210 7,446
VAT 364 347
395,450 104,859
6. Creditors: Amounts Falling Due Within One Year
2024 2023
Trade creditors 112,768 137,793
Corporation tax 490 213
Other creditors 502,413 532,213
Accruals and deferred income 1,000 1,000
616,671 671,219
7. Share Capital
2024 2023
Allotted, Called up and fully paid 1,200 1,200
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is M.N.C. Management Ltd by virtue of its 100% shareholding. M.N.C. Management Ltd was incorporated in England and Wales. Copies of the parent accounts may be obtained from the secretary at 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX .
Page 3