Company registration number 08436841 (England and Wales)
WINGFIELD WORKS UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
WINGFIELD WORKS UK LIMITED
COMPANY INFORMATION
Director
Mr J N Wingfield
Company number
08436841
Registered office
2-4 Packhorse Road
Gerrards Cross
Buckinghamshire
England
SL9 7QE
Accountants
Nunn Hayward LLP
2-4 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7QE
WINGFIELD WORKS UK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
WINGFIELD WORKS UK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
809
Current assets
Debtors
4
169,013
142,764
Cash at bank and in hand
142,303
386,041
311,316
528,805
Creditors: amounts falling due within one year
5
(95,795)
(260,517)
Net current assets
215,521
268,288
Net assets
216,330
268,288
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
216,230
268,188
Total equity
216,330
268,288
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2020.
The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 338 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 and 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
WINGFIELD WORKS UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 20 October 2023
Mr J N Wingfield
Director
Company Registration No. 08436841
WINGFIELD WORKS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
Wingfield Works UK Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office can be found on the Company's Information Page.
The presentation currency of the financial statement is the Pound Sterling (£).
1.1
Accounting convention
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.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
20% on cost
Computers
33% on cost
1.4
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statements, except to the extent that it related to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax
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 the deferred tax liabilities or other future taxable profits.
WINGFIELD WORKS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2022
1,372
2,657
4,029
Additions
1,013
1,013
At 31 March 2023
2,385
2,657
5,042
Depreciation and impairment
At 1 April 2022
1,372
2,657
4,029
Depreciation charged in the year
204
204
At 31 March 2023
1,576
2,657
4,233
Carrying amount
At 31 March 2023
809
809
At 31 March 2022
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
169,013
142,764
WINGFIELD WORKS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
680
3,801
Corporation tax
30,991
37,554
Other taxation and social security
26,210
5,460
Other creditors
37,914
213,702
95,795
260,517