Company Registration No. 09577672 (England and Wales)
Pembrokeshire Wake Park Ltd
Unaudited accounts
for the year ended 31 December 2022
Pembrokeshire Wake Park Ltd
Company Information
for the year ended 31 December 2022
Directors
Mark Harris
Sarah Elizabeth Harris
Stephanie Harris
Company Number
09577672 (England and Wales)
Registered Office
Cott Lane
Martletwy
SA67 8AB
Accountants
Ann Stephens & Co
The Lodge
Allensbank
Narberth
Pembs
SA67 8RF
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Pembrokeshire Wake Park Ltd
for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Pembrokeshire Wake Park Ltd for the year ended
31 December 2022 as set out on pages
4 -
6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Ann Stephens & Co
Chartered Certified Accountants
The Lodge
Allensbank
Narberth
Pembs
SA67 8RF
29 September 2023
Pembrokeshire Wake Park Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
298,724
277,720
Cash at bank and in hand
10,854
78,198
Creditors: amounts falling due within one year
(227,864)
(249,269)
Net current liabilities
(211,950)
(162,285)
Total assets less current liabilities
86,774
115,435
Creditors: amounts falling due after more than one year
(58,295)
(74,955)
Called up share capital
3
3
Profit and loss account
28,476
40,477
Shareholders' funds
28,479
40,480
For the year ending 31 December 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 29 September 2023 and were signed on its behalf by
Sarah Elizabeth Harris
Director
Company Registration No. 09577672
Pembrokeshire Wake Park Ltd
Notes to the Accounts
for the year ended 31 December 2022
Pembrokeshire Wake Park Ltd is a private company, limited by shares, registered in England and Wales, registration number 09577672. The registered office is Cott Lane, Martletwy, SA67 8AB.
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
185,895
191,427
13,300
4,616
395,238
Additions
11,600
36,144
-
2,576
50,320
At 31 December 2022
197,495
227,571
13,300
7,192
445,558
At 1 January 2022
-
109,419
5,975
2,124
117,518
Charge for the year
-
26,218
1,831
1,267
29,316
At 31 December 2022
-
135,637
7,806
3,391
146,834
At 31 December 2022
197,495
91,934
5,494
3,801
298,724
At 31 December 2021
185,895
82,008
7,325
2,492
277,720
Pembrokeshire Wake Park Ltd
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
2,590
2,590
Trade creditors
6,499
7,840
Taxes and social security
5,665
9,788
Other creditors
115,187
121,397
Loans from directors
53,027
76,454
Deferred income
25,600
26,800
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
2,384
4,974
Other creditors
26,296
32,136
8
Average number of employees
During the year the average number of employees was 48 (2021: 5).