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REGISTERED NUMBER: 08016192 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

WELLAND CANE & GARDEN FURNITURE LIMITED

WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELLAND CANE & GARDEN FURNITURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: D Jones
Mrs V Jones





REGISTERED OFFICE: Unit 37
Churchill Way
Fleckney
Leicestershire
LE8 8UD





REGISTERED NUMBER: 08016192 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 70,914 82,993

CURRENT ASSETS
Stocks 104,500 118,000
Debtors 6 3,858 400
Cash at bank and in hand 186,821 142,914
295,179 261,314
CREDITORS
Amounts falling due within one year 7 265,591 181,880
NET CURRENT ASSETS 29,588 79,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,502

162,427

PROVISIONS FOR LIABILITIES 8 13,483 15,768
NET ASSETS 87,019 146,659

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 87,017 146,657
SHAREHOLDERS' FUNDS 87,019 146,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)

BALANCE SHEET - continued
30 APRIL 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 25 September 2023 and were signed on its behalf by:




D Jones - Director



Mrs V Jones - Director


WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Welland Cane & Garden Furniture 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 107,202 38,485 4,604 150,291
Additions - - 1,842 1,842
At 30 April 2023 107,202 38,485 6,446 152,133
DEPRECIATION
At 1 May 2022 36,906 26,707 3,685 67,298
Charge for year 8,777 2,995 2,149 13,921
At 30 April 2023 45,683 29,702 5,834 81,219
NET BOOK VALUE
At 30 April 2023 61,519 8,783 612 70,914
At 30 April 2022 70,296 11,778 919 82,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 400 400
Bad debt provision (333 ) -
Prepayments 3,791 -
3,858 400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 235 -
Tax 6,439 14,093
Social security and other taxes 349 457
Pension control 108 -
VAT 29,421 23,370
Other creditors 2,645 3,493
Directors' current accounts 224,894 139,167
Accrued expenses 1,500 1,300
265,591 181,880

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,483 15,768

WELLAND CANE & GARDEN FURNITURE LIMITED (REGISTERED NUMBER: 08016192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2022 15,768
Credit to Income Statement during year (2,285 )
Balance at 30 April 2023 13,483

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 May 2022 146,657
Profit for the year 14,360
Dividends (74,000 )
At 30 April 2023 87,017

11. RELATED PARTY DISCLOSURES

Included within creditors on the balance sheet at 30 April 20223are amounts owed to the directors in the sum of £224,894 (2022 £139,167).