Company Registration No. 13907497 (England and Wales)
WILLOW 42 LTD
Unaudited accounts
for the period from 10 February 2022 to 28 February 2023
WILLOW 42 LTD
Unaudited accounts
Contents
WILLOW 42 LTD
Company Information
for the period from 10 February 2022 to 28 February 2023
Director
Mr David Matthew Newsome
Company Number
13907497 (England and Wales)
Registered Office
WILLOW BARN GULL DROVE
GUYHIRN
WISBECH
PE13 4BH
ENGLAND
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
WILLOW 42 LTD
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
24,095
Creditors: amounts falling due within one year
(200,550)
Net current liabilities
(176,455)
Profit and loss account
(1,067)
Shareholders' funds
(1,065)
For the period 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 director acknowledges his 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 and authorised for issue on 3 October 2023 and were signed on its behalf by
Mr David Matthew Newsome
Director
Company Registration No. 13907497
WILLOW 42 LTD
Notes to the Accounts
for the period from 10 February 2022 to 28 February 2023
WILLOW 42 LTD is a private company, limited by shares, registered in England and Wales, registration number 13907497. The registered office is WILLOW BARN GULL DROVE, GUYHIRN, WISBECH, PE13 4BH, ENGLAND.
2
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 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.
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:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 10 February 2022
-
-
-
-
Additions
168,000
13,750
779
182,529
Disposals
-
(6,750)
-
(6,750)
At 28 February 2023
168,000
7,000
779
175,779
Charge for the period
-
292
97
389
At 28 February 2023
-
292
97
389
At 28 February 2023
168,000
6,708
682
175,390
5
Creditors: amounts falling due within one year
2023
Loans from directors
199,575
WILLOW 42 LTD
Notes to the Accounts
for the period from 10 February 2022 to 28 February 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
-
59,958
259,533
(199,575)
-
59,958
259,533
(199,575)
7
Transactions with related parties
Director's Current Account (Mr. David Matthew Newsome) shows the closing balance of £199,574.96 as at 28th February 2023
8
Average number of employees
During the period the average number of employees was 1.