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REGISTERED NUMBER: 04595529 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

WROATH LIMITED

WROATH LIMITED (REGISTERED NUMBER: 04595529)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WROATH LIMITED

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mrs R J Wroath
G D Wroath





SECRETARY: Mrs R J Wroath





REGISTERED OFFICE: 1 Radley Cottages
Nettlestone Hill
Seaview
Isle of Wight
PO34 5DW





REGISTERED NUMBER: 04595529 (England and Wales)





ACCOUNTANTS: G de Bootman
10 St Pete Way
Sandown
Isle of Wight
PO36 8DB

WROATH LIMITED (REGISTERED NUMBER: 04595529)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,569 22,367
20,569 22,367

CURRENT ASSETS
Stocks 40,000 39,480
Debtors 6 31,906 43,902
Prepayments and accrued income 3,741 3,015
Cash at bank 63,692 44,823
139,339 131,220
CREDITORS
Amounts falling due within one year 7 37,693 36,569
NET CURRENT ASSETS 101,646 94,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,215

117,018

CREDITORS
Amounts falling due after more than one
year

8

(10,459

)

(12,043

)

PROVISIONS FOR LIABILITIES (3,908 ) (4,250 )
NET ASSETS 107,848 100,725

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,748 100,625
SHAREHOLDERS' FUNDS 107,848 100,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WROATH LIMITED (REGISTERED NUMBER: 04595529)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Mrs R J Wroath - Director


WROATH LIMITED (REGISTERED NUMBER: 04595529)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Wroath Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Within Plant and Machinery is an additional reducing balance depreciation rate of 7% on a specific asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

WROATH LIMITED (REGISTERED NUMBER: 04595529)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 15,000
AMORTISATION
At 1 January 2022
and 31 December 2022 15,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 24,911 34,186 7,480 66,577
Additions 5,382 - 633 6,015
Disposals - (4,917 ) - (4,917 )
At 31 December 2022 30,293 29,269 8,113 67,675
DEPRECIATION
At 1 January 2022 21,854 15,364 6,992 44,210
Charge for year 2,110 4,541 506 7,157
Eliminated on disposal - (4,261 ) - (4,261 )
At 31 December 2022 23,964 15,644 7,498 47,106
NET BOOK VALUE
At 31 December 2022 6,329 13,625 615 20,569
At 31 December 2021 3,057 18,822 488 22,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 31,906 41,908
Other debtors - 1,994
31,906 43,902

WROATH LIMITED (REGISTERED NUMBER: 04595529)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 1,589 1,614
Trade creditors 17,115 6,131
Taxation and social security 7,625 17,324
Other creditors 11,364 11,500
37,693 36,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 10,459 12,043

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,105 5,158

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
Mrs R J Wroath
Balance outstanding at start of year 1,994 -
Amounts advanced - 1,994
Amounts repaid (1,994 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,994