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
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
WOLSINGHAM DEVELOPMENTS LIMITED
Statement of financial position
as at 31 January 2022
Tangible assets
462,160
407,281
Inventories
128,108
234,535
Cash at bank and in hand
74,138
68,964
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
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
WOLSINGHAM DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 January 2022
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.
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.
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.
The accounts are presented in £ sterling.
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
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
At 31 January 2022
456,386
5,139
567
68
462,160
At 31 January 2021
399,608
6,851
709
113
407,281
WOLSINGHAM DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 January 2022
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
-
250
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
42,026
36,348
Taxes and social security
2,712
936
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
210,000
210,000
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Non interest bearing loans from Director Family Trusts
(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)
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).