Registered Number:06125186 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
WALLACE FR LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
WALLACE FR LIMITED
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,376
2,947
2
2,376
2,947
60,000
40,000
3
Trade and other receivables |
28,175
228,214
4
96,122
Cash and cash equivalents |
99,664
367,878
184,297
Trade and other payables: amounts falling due within one |
year |
(67,187)
(228,259)
5
117,110
139,619
Net current assets
Total assets less current liabilities |
141,995
120,057
141,995
Net assets
120,057
4
2
141,991
120,055
141,995
120,057
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
WALLACE FR LIMITED
Notes to the Financial Statements
Statutory Information
WALLACE FR LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06125186. |
THE OLD BOBBIN MILL
WRAY
LANCASTER
LA2 8QR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
2 of 4
For the year ended 31 March 2023
WALLACE FR LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
8,772
616
9,388
Provision for depreciation and impairment |
5,825
Charge for year
1,187
7,012
2,376
2,947
2022
2023
40,000
60,000
4. Trade and other receivables |
2022
2023
212,931
21,807
Prepayments and accrued income |
11,000
-
Taxation and social security |
4,283
6,368
28,175
228,214
5. Trade and other payables: amounts falling due within one year |
2022
2023
150,010
3,341
Taxation and social security |
28,720
11,459
Accruals and deferred income |
2,000
1,750
47,529
50,637
228,259
67,187
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For the year ended 31 March 2023
WALLACE FR LIMITED
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 0
4 of 4