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Company Registration No. 08605553 (England and Wales)
Wharfedale Developments Limited Unaudited accounts for the year ended 31 March 2022
Wharfedale Developments Limited Unaudited accounts Contents
Page
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Wharfedale Developments Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,129 
19,376 
Tangible assets
67,093 
40,313 
91,222 
59,689 
Current assets
Debtors
76,798 
89,247 
Cash at bank and in hand
27,047 
49,408 
103,845 
138,655 
Creditors: amounts falling due within one year
(85,550)
(131,458)
Net current assets
18,295 
7,197 
Total assets less current liabilities
109,517 
66,886 
Creditors: amounts falling due after more than one year
(57,794)
(21,876)
Provisions for liabilities
Deferred tax
(10,857)
(5,354)
Net assets
40,866 
39,656 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,766 
39,556 
Shareholders' funds
40,866 
39,656 
For the year ending 31 March 2022 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2022 and were signed on its behalf by
Mr L Hurst Director Company Registration No. 08605553
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Wharfedale Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 08605553. The registered office is 56-58 Kirkgate, Otley, West Yorkshire, LS21 3HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Plant & machinery
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets which represent cryptoassets are initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting date. Changes in fair value are recognised in profit or loss.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met . Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2022
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2021
19,376 
Additions
24,852 
Revaluations
(20,099)
At 31 March 2022
24,129 
Amortisation
At 1 April 2021
- 
At 31 March 2022
- 
Net book value
At 31 March 2022
24,129 
At 31 March 2021
19,376 
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
29,110 
73,680 
102,790 
Additions
- 
42,226 
42,226 
At 31 March 2022
29,110 
115,906 
145,016 
Depreciation
At 1 April 2021
29,007 
33,470 
62,477 
Charge for the year
103 
15,343 
15,446 
At 31 March 2022
29,110 
48,813 
77,923 
Net book value
At 31 March 2022
- 
67,093 
67,093 
At 31 March 2021
103 
40,210 
40,313 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
9,618 
9,659 
Other debtors
67,180 
79,588 
76,798 
89,247 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
14,092 
11,428 
Taxes and social security
33,401 
37,313 
Other creditors
38,057 
82,717 
85,550 
131,458 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
57,794 
21,876 
9
Operating lease commitments
2022 
2021 
£ 
£ 
At 31 March 2022 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
80,000 
80,000 
More than five years
101,712 
111,743 
181,712 
191,743 
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Wharfedale Developments Limited Notes to the Accounts for the year ended 31 March 2022
10
Average number of employees
During the year the average number of employees was 8 (2021: 9).
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