Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04627586 J Crafer M Tollett J Tollett A Tollett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04627586 2024-03-31 04627586 2025-03-31 04627586 2024-04-01 2025-03-31 04627586 frs-core:CurrentFinancialInstruments 2025-03-31 04627586 frs-core:ComputerEquipment 2025-03-31 04627586 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04627586 frs-core:ComputerEquipment 2024-03-31 04627586 frs-core:FurnitureFittings 2025-03-31 04627586 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04627586 frs-core:FurnitureFittings 2024-03-31 04627586 frs-core:NetGoodwill 2025-03-31 04627586 frs-core:NetGoodwill 2024-04-01 2025-03-31 04627586 frs-core:NetGoodwill 2024-03-31 04627586 frs-core:MotorVehicles 2025-03-31 04627586 frs-core:MotorVehicles 2024-04-01 2025-03-31 04627586 frs-core:MotorVehicles 2024-03-31 04627586 frs-core:PlantMachinery 2025-03-31 04627586 frs-core:PlantMachinery 2024-04-01 2025-03-31 04627586 frs-core:PlantMachinery 2024-03-31 04627586 frs-core:ShareCapital 2025-03-31 04627586 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04627586 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04627586 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04627586 frs-bus:SmallEntities 2024-04-01 2025-03-31 04627586 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04627586 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04627586 frs-bus:Director1 2024-04-01 2025-03-31 04627586 frs-bus:Director2 2024-04-01 2025-03-31 04627586 frs-bus:Director3 2024-04-01 2025-03-31 04627586 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04627586 frs-countries:EnglandWales 2024-04-01 2025-03-31 04627586 2023-03-31 04627586 2024-03-31 04627586 2023-04-01 2024-03-31 04627586 frs-core:CurrentFinancialInstruments 2024-03-31 04627586 frs-core:ShareCapital 2024-03-31 04627586 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04627586
W Tollett (General Builders) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TLC Tax Ltd
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04627586
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 42,430 44,025
42,430 44,025
CURRENT ASSETS
Stocks 6 12,375 12,375
Debtors 7 552,248 595,026
Cash at bank and in hand 30,798 19,151
595,421 626,552
Creditors: Amounts Falling Due Within One Year 8 (269,397 ) (274,850 )
NET CURRENT ASSETS (LIABILITIES) 326,024 351,702
TOTAL ASSETS LESS CURRENT LIABILITIES 368,454 395,727
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,967 ) (7,572 )
NET ASSETS 359,487 388,155
CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Profit and Loss Account 356,487 385,155
SHAREHOLDERS' FUNDS 359,487 388,155
Page 1
Page 2
For the year ending 31 March 2025 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
J Crafer
Director
15/10/2025
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
W Tollett (General Builders) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04627586 . The registered office is 28 Wilton Road, Bexhill, East Sussex, TN40 1EZ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2003 has been fully amortised.
2.5. 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 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.6. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 17)
20 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 100,000
As at 31 March 2025 100,000
Amortisation
As at 1 April 2024 100,000
As at 31 March 2025 100,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 11,444 100,982 810 9,306 122,542
Additions - 12,250 - - 12,250
As at 31 March 2025 11,444 113,232 810 9,306 134,792
Depreciation
As at 1 April 2024 6,018 65,000 572 6,927 78,517
Provided during the period 814 12,058 36 937 13,845
As at 31 March 2025 6,832 77,058 608 7,864 92,362
Net Book Value
As at 31 March 2025 4,612 36,174 202 1,442 42,430
As at 1 April 2024 5,426 35,982 238 2,379 44,025
6. Stocks
2025 2024
£ £
Stock 12,375 12,375
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 106,444 152,744
Amounts recoverable on contracts 45,000 41,144
Amounts owed by participating interests 400,804 401,138
552,248 595,026
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 43,314 99,419
Bank loans and overdrafts 16,634 23,154
Other creditors 26,017 4,879
Taxation and social security 183,432 147,398
269,397 274,850
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3,000 3,000
10. Related Party Transactions
A directors loan account exists to which there are no terms attached. At the balance sheet date the directors were owed £1,820 which is repayable on demand.
Included in other debtors is a balance of £400,804 owed from JJM Associates Ltd; a company in which Mr J Tollett, Mr M Tollett and Mr J Crafer are also directors and shareholders. Interest is charged on the balance outstanding at 2% per annum.
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