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REGISTERED NUMBER: 09921496 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WIGAN WHOLEFOODS LIMITED

WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WIGAN WHOLEFOODS LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: D Anderson-Hodgson
Mrs N Anderson-Hodgson





REGISTERED OFFICE: Unit 114-115 Bradley Trading Estate
Standish
Wigan
Lancashire
WN6 0XQ





REGISTERED NUMBER: 09921496 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)

STATEMENT OF FINANCIAL POSITION
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,075 33,854

CURRENT ASSETS
Stocks 12,800 11,250
Debtors 5 121,322 125,784
Cash at bank and in hand 113,184 76,786
247,306 213,820
CREDITORS
Amounts falling due within one year 6 192,763 145,809
NET CURRENT ASSETS 54,543 68,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,618

101,865

CREDITORS
Amounts falling due after more than one
year

7

(22,383

)

(32,677

)

PROVISIONS FOR LIABILITIES (10,820 ) (6,432 )
NET ASSETS 64,415 62,756

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 64,413 62,754
SHAREHOLDERS' FUNDS 64,415 62,756

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

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

WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)

STATEMENT OF FINANCIAL POSITION - continued
28 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





D Anderson-Hodgson - Director


WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Wigan Wholefoods 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at the true value of the consideration received or receivable for goods sold and is shown net of Vat.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the customer, which is usually at the point when the customer receives the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 33.3% straight line, 25% on reducing balance and 15% on reducing balance

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

Financial instruments
Debt instruments that are payable or receivable within one year, typically trade creditors and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

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 statement of financial position date.


WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 67,792
Additions 22,907
At 28 February 2023 90,699
DEPRECIATION
At 1 March 2022 33,938
Charge for year 13,686
At 28 February 2023 47,624
NET BOOK VALUE
At 28 February 2023 43,075
At 28 February 2022 33,854

The net book value of tangible fixed assets includes £NIL (2022 - £ 3,479 ) in respect of assets held under hire purchase contracts.

WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,500 114,579
Other debtors 8,822 11,205
121,322 125,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,000
Hire purchase contracts (see note 8) - 1,149
Trade creditors 126,264 99,921
Taxation and social security 13,583 12,228
Other creditors 42,268 22,511
192,763 145,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,648 10,000
Other creditors 11,735 22,677
22,383 32,677

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,087 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 1,149

Non-cancellable operating leases
2023 2022
£    £   
Within one year 17,057 11,486
Between one and five years 68,230 -
85,287 11,486

9. RELATED PARTY DISCLOSURES

WIGAN WHOLEFOODS LIMITED (REGISTERED NUMBER: 09921496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

9. RELATED PARTY DISCLOSURES - continued

The controlling party is the directors.