Registered number
13842108
Willows Deli Ltd
Filleted Accounts
30 June 2023
Willows Deli Ltd
Registered number: 13842108
Balance Sheet
as at 30 June 2023
Notes 2023
£
Fixed assets
Tangible assets 3 93,580
Current assets
Stocks 7,550
Debtors 4 49,977
Cash at bank and in hand 99,430
156,957
Creditors: amounts falling due within one year 5 (50,007)
Net current assets 106,950
Total assets less current liabilities 200,530
Creditors: amounts falling due after more than one year 6 (238,586)
Net liabilities (38,056)
Capital and reserves
Called up share capital 1
Profit and loss account (38,057)
Shareholders' funds (38,056)
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.
Mr T Bolton
Director
Approved by the board on 3 October 2023
Ms R Howes
Director
Approved by the board on / /
Willows Deli Ltd
Notes to the Accounts
for the period from 11 January 2022 to 30 June 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).
Going concern
The company is in the early stages of setting the deli up and has reviewed it’s position and considers that it will continue to operate as a going concern, by using day to day working capital and longer term financing offered by the shareholders with their loans to support the business through the early years of trading.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 10 years
Plant and machinery over 4 and 5 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 56,926 72,475 129,401
At 30 June 2023 56,926 72,475 129,401
Depreciation
Charge for the period 8,539 27,282 35,821
At 30 June 2023 8,539 27,282 35,821
Net book value
At 30 June 2023 48,387 45,193 93,580
4 Debtors 2023
£
Other debtors 49,977
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 2,283
Taxation and social security costs 24,564
Other creditors 23,160
50,007
6 Creditors: amounts falling due after one year 2023
£
Other creditors 238,586
7 Other financial commitments 2023
£
Total future minimum payments under non-cancellable operating leases 41,250
8 Related party transactions
At the balance sheet date, there was £79,091 owing to Ms R Howes, and £159,495 owing to Mr T Bolton, the directors of the company.

Interest was charged on the directors' loans to the company at the Base Rate + 2.75%
9 Controlling party
There was no ultimate controlling party.
10 Other information
Willows Deli Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 West End Place
Weston Turville
Bucks
HP22 5QZ
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