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REGISTERED NUMBER: 07528599 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

WOTMIX LIMITED

WOTMIX LIMITED (REGISTERED NUMBER: 07528599)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOTMIX LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J G Winterbottom
K J Parsons
S M Houghton





REGISTERED OFFICE: Raglan Street
Hyde
Cheshire
SK14 2DX





REGISTERED NUMBER: 07528599 (England and Wales)





ACCOUNTANTS: Riley & Co Limited
52 St Johns Lane
Halifax
West Yorkshire
HX1 2BW

WOTMIX LIMITED (REGISTERED NUMBER: 07528599)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,382,542 1,030,085
1,382,542 1,030,085

CURRENT ASSETS
Stocks 77,538 74,029
Debtors 6 260,837 224,970
Cash at bank 452,134 157,082
790,509 456,081
CREDITORS
Amounts falling due within one year 7 887,272 689,713
NET CURRENT LIABILITIES (96,763 ) (233,632 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,285,779 796,453

CREDITORS
Amounts falling due after more than one
year

8

(334,356

)

(322,465

)

PROVISIONS FOR LIABILITIES (298,030 ) (159,932 )
NET ASSETS 653,393 314,056

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 653,293 313,956
SHAREHOLDERS' FUNDS 653,393 314,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

WOTMIX LIMITED (REGISTERED NUMBER: 07528599)

Balance Sheet - continued
28 February 2023


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 15 September 2023 and were signed on its behalf by:





K J Parsons - Director


WOTMIX LIMITED (REGISTERED NUMBER: 07528599)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Wotmix 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 2015, 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 15% on reducing balance, 2% on cost and not provided
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and Straight line over 3 years

Buildings are depreciated at 2% of cost and land has not been depreciated.

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.


WOTMIX LIMITED (REGISTERED NUMBER: 07528599)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 6,500
AMORTISATION
At 1 March 2022
and 28 February 2023 6,500
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

WOTMIX LIMITED (REGISTERED NUMBER: 07528599)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 218,146 1,916,135 2,134,281
Additions 3,250 666,529 669,779
Disposals - (26,565 ) (26,565 )
At 28 February 2023 221,396 2,556,099 2,777,495
DEPRECIATION
At 1 March 2022 16,793 1,087,403 1,104,196
Charge for year 2,751 308,412 311,163
Eliminated on disposal - (20,406 ) (20,406 )
At 28 February 2023 19,544 1,375,409 1,394,953
NET BOOK VALUE
At 28 February 2023 201,852 1,180,690 1,382,542
At 28 February 2022 201,353 828,732 1,030,085

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 712,454
Additions 277,160
Transfer to ownership (116,500 )
At 28 February 2023 873,114
DEPRECIATION
At 1 March 2022 305,294
Charge for year 149,056
Transfer to ownership (79,962 )
At 28 February 2023 374,388
NET BOOK VALUE
At 28 February 2023 498,726
At 28 February 2022 407,160

WOTMIX LIMITED (REGISTERED NUMBER: 07528599)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 249,585 205,413
Other debtors 11,252 19,557
260,837 224,970

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 158,526 119,540
Trade creditors 614,341 453,804
Taxation and social security 74,577 46,366
Other creditors 29,828 60,003
887,272 689,713

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 23,007 32,645
Hire purchase contracts 311,349 289,820
334,356 322,465

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 469,875 409,360