2022-02-012023-01-312023-01-31false03476648WING PRESERVATION 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WING PRESERVATION LIMITED

Registered Number
03476648
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

WING PRESERVATION LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

WING, David John
WING, Paula Marie

Registered Address

7 Cheam Court Station Way
Cheam
Sutton
SM3 8SP

Registered Number

03476648 (England and Wales)
WING PRESERVATION LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets1,891,1081,909,324
1,891,1081,909,324
Current assets
Debtors51,858,6261,733,633
Cash at bank and on hand2,102,5371,828,830
3,961,1633,562,463
Creditors amounts falling due within one year6(213,931)(218,566)
Net current assets (liabilities)3,747,2323,343,897
Total assets less current liabilities5,638,3405,253,221
Creditors amounts falling due after one year7-(145,510)
Net assets5,638,3405,107,711
Capital and reserves
Called up share capital22
Profit and loss account5,638,3385,107,709
Shareholders' funds5,638,3405,107,711
The financial statements were approved and authorised for issue by the Board of Directors on 16 August 2023, and are signed on its behalf by:
WING, David John
Director
Registered Company No. 03476648
WING PRESERVATION LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year1010
5.Debtors

2023

2022

££
Trade debtors / trade receivables1,794,4861,648,465
Other debtors64,14085,168
Total1,858,6261,733,633
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.
6.Creditors within one year

2023

2022

££
Trade creditors / trade payables14,78262,207
Bank borrowings and overdrafts4,8767,935
Taxation and social security194,273148,424
Total213,931218,566
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.
7.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts-145,510
Total-145,510