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Company Registration No. 07488061 (England and Wales)
WOLSINGHAM DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 January 2022
WOLSINGHAM DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
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WOLSINGHAM DEVELOPMENTS LIMITED Company Information for the year ended 31 January 2022
Directors
W E Hobson M Hobson D Wood
Company Number
07488061 (England and Wales)
Registered Office
82 Front Street Stanhope Bishop Auckland Co. Durham DL13 2XF
Accountants
Wardle Business Solutions Ltd. Orchard House Pittington Road Rainton Gate Tyne and Wear DH5 9RG
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WOLSINGHAM DEVELOPMENTS LIMITED Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
462,160 
407,281 
Current assets
Inventories
128,108 
234,535 
Debtors
3,242 
5,289 
Cash at bank and in hand
74,138 
68,964 
205,488 
308,788 
Creditors: amounts falling due within one year
(49,985)
(91,540)
Net current assets
155,503 
217,248 
Total assets less current liabilities
617,663 
624,529 
Creditors: amounts falling due after more than one year
(254,173)
(260,000)
Net assets
363,490 
364,529 
Capital and reserves
Called up share capital
44,250 
50,000 
Capital redemption reserve
5,750 
- 
Profit and loss account
313,490 
314,529 
Shareholders' funds
363,490 
364,529 
For the year ending 31 January 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 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 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 of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by
W E Hobson Director Company Registration No. 07488061
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WOLSINGHAM DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
WOLSINGHAM DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07488061. The registered office is 82 Front Street, Stanhope, Bishop Auckland, Co. Durham, DL13 2XF.
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. Land and buildings are now recorded at cost.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
40% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2021
399,608 
25,051 
5,692 
4,637 
434,988 
Additions
56,778 
- 
- 
- 
56,778 
At 31 January 2022
456,386 
25,051 
5,692 
4,637 
491,766 
Depreciation
At 1 February 2021
- 
18,200 
4,983 
4,524 
27,707 
Charge for the year
- 
1,712 
142 
45 
1,899 
At 31 January 2022
- 
19,912 
5,125 
4,569 
29,606 
Net book value
At 31 January 2022
456,386 
5,139 
567 
68 
462,160 
At 31 January 2021
399,608 
6,851 
709 
113 
407,281 
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WOLSINGHAM DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 January 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
2,100 
- 
Trade debtors
1,142 
5,031 
Accrued income and prepayments
- 
250 
Other debtors
- 
8 
3,242 
5,289 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
956 
Trade creditors
42,026 
36,348 
Taxes and social security
2,712 
936 
Other creditors
- 
50,000 
Accruals
5,247 
3,300 
49,985 
91,540 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
44,173 
50,000 
Other creditors
210,000 
210,000 
254,173 
260,000 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
672 A £1 Ordinary shares of £0.50 each
336 
336 
87,828 B £1 Ordinary shares of £0.50 each
43,914 
49,664 
44,250 
50,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
W E Hobson
Non interest bearing loans from Director Family Trusts
(210,000)
- 
- 
(210,000)
(210,000)
- 
- 
(210,000)
10
Transactions with related parties
Evergreen Project Services Ltd: Purchases at market rates £11,881 (2021: £7,500) Wardle Business Solutions Ltd: Accountancy fees at market rates £3,000 (2021: £2,000) Weardale Logistics Ltd: Purchases at market rates £1,565 (2021: £921)
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WOLSINGHAM DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 January 2022
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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