W.B.Fields Limited - Filleted accounts

Registered number

10350401

W.B.Fields Limited

Filleted Accounts

31 August 2023

W.B.Fields Limited
Registered number:		10350401
Balance Sheet
as at 31 August 2023

Notes			2023			2022
£				£
Fixed assets
Tangible assets	3		151,294			151,294

Current assets
Cash at bank and in hand		2,206			3,567

Creditors: amounts falling due within one year	4	(177,980)			(177,080)

Net current liabilities			(175,774)			(173,513)

Net liabilities			(24,480)			(22,219)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(24,580)			(22,319)

Shareholders' funds			(24,480)			(22,219)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Diaczuk
Director
Approved by the board on 15 September 2023

W.B.Fields Limited
Notes to the Accounts
for the year ended 31 August 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2023		2022
Number			Number

	Average number of persons employed by the company	4		4


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 September 2022			151,294
	At 31 August 2023			151,294

	Depreciation
	At 31 August 2023			-

	Net book value
	At 31 August 2023			151,294
	At 31 August 2022			151,294


4	Creditors: amounts falling due within one year	2023		2022
£			£

	Other creditors	177,980		177,080


5	Related party transactions	2023		2022
£			£
	Directors' Loan Account
	The directors are related parties to the company
	At 31 August, the company owed the related parties the following
	interest-free, unsecured loans which are repayable upon demand:
	Amount due to the related parties	117,680		117,080


6	Controlling party

	The ultimate controlling parties are: L J Marchington, S A Diaczuk, J F Hooley and C E Gaduzo, by virtue of their 100% ownership of the issued share capital of the company.


7	Other information

	W.B.Fields Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Reddish Farm
	Reddish Lane
	Whalley Bridge
	Derbyshire
	SK23 7DW