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REGISTERED NUMBER: 13135493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

WFJ LTD

WFJ LTD (Registered number: 13135493)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WFJ LTD

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr W F James





SECRETARY: Mrs J D James





REGISTERED OFFICE: 4 Rupert Law Close
Quorn
Loughborough
Leicestershire
LE12 8PE





REGISTERED NUMBER: 13135493 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

WFJ LTD (Registered number: 13135493)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,794 1,366

CURRENT ASSETS
Debtors 5 - 1,242
Cash at bank and in hand 78,488 14,622
78,488 15,864
CREDITORS
Amounts falling due within one year 6 64,683 44,660
NET CURRENT ASSETS/(LIABILITIES) 13,805 (28,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,599

(27,430

)

PROVISIONS FOR LIABILITIES 7 174 260
NET ASSETS/(LIABILITIES) 29,425 (27,690 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 29,325 (27,790 )
SHAREHOLDERS' FUNDS 29,425 (27,690 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:




Mr W F James - Director


WFJ LTD (Registered number: 13135493)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

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

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows

Plant and machinery - 20% Reducing Balance Basis
Office equipment - 33.3% Straight Line Basis

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WFJ LTD (Registered number: 13135493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2022 - 549 1,389 1,938
Additions 14,875 - 156 15,031
At 31 January 2023 14,875 549 1,545 16,969
DEPRECIATION
At 1 February 2022 - 109 463 572
Charge for year - 88 515 603
At 31 January 2023 - 197 978 1,175
NET BOOK VALUE
At 31 January 2023 14,875 352 567 15,794
At 31 January 2022 - 440 926 1,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors - 1,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation and social security 9,478 92
Other creditors 55,205 44,568
64,683 44,660

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 174 260

Deferred
tax
£   
Balance at 1 February 2022 260
Credit to Income Statement during year (86 )
Balance at 31 January 2023 174

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

WFJ LTD (Registered number: 13135493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £53,185 (2022 - £42,644) representing a loan by the director to the company. The loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Mr W J James has the controlling interest in the company by way of majority shareholding.