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REGISTERED NUMBER: 11192970 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

WORLD CLASS WILLOW LTD

WORLD CLASS WILLOW LTD (REGISTERED NUMBER: 11192970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WORLD CLASS WILLOW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: Mr M R Kennedy
Mr P R Miles





REGISTERED OFFICE: Unit 9 Broadway
Edington
Bridgwater
TA7 9BF





REGISTERED NUMBER: 11192970 (England and Wales)





ACCOUNTANTS: Aspen Waite Ltd
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

WORLD CLASS WILLOW LTD (REGISTERED NUMBER: 11192970)

BALANCE SHEET
28TH FEBRUARY 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 13,334 12,873
Tangible assets 5 16,985 7,530
30,319 20,403

CURRENT ASSETS
Stocks 121,775 131,912
Debtors 6 37 58,445
Cash at bank 83,214 59,239
205,026 249,596
CREDITORS
Amounts falling due within one year 7 (104,486 ) (179,963 )
NET CURRENT ASSETS 100,540 69,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,859

90,036

CREDITORS
Amounts falling due after more than one
year

8

(30,776

)

(34,570

)
NET ASSETS 100,083 55,466

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 70,060 70,060
Retained earnings 29,923 (14,694 )
100,083 55,466

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

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

WORLD CLASS WILLOW LTD (REGISTERED NUMBER: 11192970)

BALANCE SHEET - continued
28TH 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 and authorised for issue by the Board of Directors and authorised for issue on 3rd October 2023 and were signed on its behalf by:





Mr M R Kennedy - Director


WORLD CLASS WILLOW LTD (REGISTERED NUMBER: 11192970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

World Class Willow Ltd 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. 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.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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.

WORLD CLASS WILLOW LTD (REGISTERED NUMBER: 11192970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st March 2022 16,091
Additions 4,600
At 28th February 2023 20,691
AMORTISATION
At 1st March 2022 3,218
Charge for year 4,139
At 28th February 2023 7,357
NET BOOK VALUE
At 28th February 2023 13,334
At 28th February 2022 12,873

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2022 4,380 1,630 5,800 11,810
Additions 13,237 209 - 13,446
At 28th February 2023 17,617 1,839 5,800 25,256
DEPRECIATION
At 1st March 2022 1,261 481 2,538 4,280
Charge for year 2,865 310 816 3,991
At 28th February 2023 4,126 791 3,354 8,271
NET BOOK VALUE
At 28th February 2023 13,491 1,048 2,446 16,985
At 28th February 2022 3,119 1,149 3,262 7,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 35 58,446
Prepayments 2 (1 )
37 58,445

WORLD CLASS WILLOW LTD (REGISTERED NUMBER: 11192970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 4,485 4,768
Other loans - 65,000
Trade creditors 4,102 18,030
Social security and other taxes 1,120 818
VAT 3,040 10
Directors' current accounts 89,149 88,797
Accrued expenses 2,590 2,540
104,486 179,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans due 1-2 years 4,245 4,768
Bank loans due 2-5 years 12,735 14,305
Bank loans more 5 yr by instal 13,796 15,497
30,776 34,570

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,796 15,497