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COMPANY REGISTRATION NUMBER: 06378847
Winterbourne Minerals Limited
Filleted Unaudited Financial Statements
31 March 2023
Winterbourne Minerals Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Winterbourne Minerals Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
99,388
92,988
Cash at bank and in hand
163,213
106,816
---------
---------
262,601
199,804
Creditors: amounts falling due within one year
6
114,057
204,074
---------
---------
Net current assets/(liabilities)
148,544
( 4,270)
---------
-------
Total assets less current liabilities
148,544
( 4,270)
Provisions
Taxation including deferred tax
( 830)
---------
-------
Net assets/(liabilities)
148,544
( 3,440)
---------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
148,444
( 3,540)
---------
-------
Shareholders funds/(deficit)
148,544
( 3,440)
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Winterbourne Minerals Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
Ms E Goldfinch
Director
Company registration number: 06378847
Winterbourne Minerals Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wellhead Farm, Wingham Well, Canterbury, CT3 1NS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employees
The company had no employees other than the directors throughout the current and previous year.
5. Debtors
2023
2022
£
£
Trade debtors
99,388
92,988
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
69,193
137,345
Accruals and deferred income
1,800
1,800
Corporation tax
34,820
Social security and other taxes
8,244
8,904
Other creditors
56,025
---------
---------
114,057
204,074
---------
---------
7. Related party transactions
At the balance sheet date £69,193 was owed to a company associated by common control (2022: £188,186). At the balance sheet date the company owed the director £Nil (2022: £5,184).