Company Registration No. 07850922 (England and Wales)
Winstone (uk) Limited
Unaudited accounts
for the year ended 28 February 2023
Winstone (uk) Limited
Unaudited accounts
Contents
Winstone (uk) Limited
Company Information
for the year ended 28 February 2023
Directors
Wayne Winstone
Tarn Winstone
Company Number
07850922 (England and Wales)
Registered Office
Winstones
8 Cheap Street
Sherborne
Dorset
DT9 3PX
England
Accountants
Wessex Commercial Solutions
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Winstone (uk) Limited
Statement of financial position
as at 28 February 2023
Tangible assets
1,767
2,391
Inventories
125,473
132,815
Cash at bank and in hand
285,758
151,420
Creditors: amounts falling due within one year
(88,746)
(99,286)
Net current assets
738,239
660,703
Net assets
740,006
663,094
Called up share capital
200
200
Profit and loss account
739,806
662,894
Shareholders' funds
740,006
663,094
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by
Wayne Winstone
Director
Company Registration No. 07850922
Winstone (uk) Limited
Notes to the Accounts
for the year ended 28 February 2023
Winstone (uk) Limited is a private company, limited by shares, registered in England and Wales, registration number 07850922. The registered office is Winstones, 8 Cheap Street , Sherborne, Dorset, DT9 3PX, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Winstone (uk) Limited
Notes to the Accounts
for the year ended 28 February 2023
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
4,802
6,403
Other debtors
407,991
467,355
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,050
12,771
Taxes and social security
34,704
59,009
Other creditors
6,518
4,616
At the year end the amount due to the company from the Directors was £32,925 (2022: £74,679). During the year repayments were made of £114,000, with a further £72,246 being paid out.
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Average number of employees
During the year the average number of employees was 13 (2022: 13).