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REGISTERED NUMBER: 08845550 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2023

for

S Waplington Limited

S Waplington Limited (Registered number: 08845550)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S Waplington Limited

Company Information
for the Year Ended 31st January 2023







DIRECTOR: S C Waplington





REGISTERED OFFICE: 27 Gainsborough Road
Lea
Gainsborough
Lincolnshire
DN21 5HR





REGISTERED NUMBER: 08845550 (England and Wales)





ACCOUNTANTS: Elite Pest Management Limited
Mercury House
Willoughton Drive
Foxby Lane
Gainsborough
Lincolnshire
DN21 1DY

S Waplington Limited (Registered number: 08845550)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 10,927 5,523
11,927 7,523

CURRENT ASSETS
Debtors 6 2,639 1,946
Cash in hand 150 850
2,789 2,796
CREDITORS
Amounts falling due within one year 7 11,166 4,208
NET CURRENT LIABILITIES (8,377 ) (1,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,550

6,111

CREDITORS
Amounts falling due after more than one
year

8

(5,467

)

(7,467

)

PROVISIONS FOR LIABILITIES 11 (937 ) (853 )
NET LIABILITIES (2,854 ) (2,209 )

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 (2,855 ) (2,210 )
SHAREHOLDERS' FUNDS (2,854 ) (2,209 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

S Waplington Limited (Registered number: 08845550)

Balance Sheet - continued
31st January 2023


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 25th October 2023 and were signed by:





S C Waplington - Director


S Waplington Limited (Registered number: 08845550)

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

1. STATUTORY INFORMATION

S Waplington Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

S Waplington Limited (Registered number: 08845550)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2022
and 31st January 2023 10,000
AMORTISATION
At 1st February 2022 8,000
Amortisation for year 1,000
At 31st January 2023 9,000
NET BOOK VALUE
At 31st January 2023 1,000
At 31st January 2022 2,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2022 2,180 - 13,496 2,299 17,975
Additions - - 9,000 - 9,000
At 31st January 2023 2,180 - 22,496 2,299 26,975
DEPRECIATION
At 1st February 2022 1,138 - 9,855 1,459 12,452
Charge for year - 156 3,162 278 3,596
At 31st January 2023 1,138 156 13,017 1,737 16,048
NET BOOK VALUE
At 31st January 2023 1,042 (156 ) 9,479 562 10,927
At 31st January 2022 1,042 - 3,641 840 5,523

S Waplington Limited (Registered number: 08845550)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Computer
equipment
£   
COST
At 1st February 2022
and 31st January 2023 399
DEPRECIATION
At 1st February 2022 319
Charge for year 26
At 31st January 2023 345
NET BOOK VALUE
At 31st January 2023 54
At 31st January 2022 80

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,639 1,946

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 3,865 3,352
Trade creditors 64 58
Directors' current accounts 6,817 378
Accrued expenses 420 420
11,166 4,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 5,467 7,467

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,735 1,222
Bank loans 2,130 2,130
3,865 3,352

S Waplington Limited (Registered number: 08845550)

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

9. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,259 4,259

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,208 3,208

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 7,597 9,597

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 937 853

Deferred
tax
£   
Balance at 1st February 2022 853
Movement in year 84
Balance at 31st January 2023 937

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1.00 1 1

13. RESERVES
Retained
earnings
£   

At 1st February 2022 (2,210 )
Deficit for the year (645 )
At 31st January 2023 (2,855 )

S Waplington Limited (Registered number: 08845550)

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

14. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director and shareholder, Mr S Waplington, a balance of £6,817 (2022 - £378). This balance has been shown within creditors.

15. ULTIMATE CONTROLLING PARTY

The company is controlled by its director, Mr S Waplington, who holds 100% of the issued share capital.