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REGISTERED NUMBER: 13234002 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WONKY CANDLES LTD

WONKY CANDLES LTD (REGISTERED NUMBER: 13234002)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WONKY CANDLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTORS: T Seaman
P Seaman





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
United Kingdom
GU30 7DX





REGISTERED NUMBER: 13234002 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

WONKY CANDLES LTD (REGISTERED NUMBER: 13234002)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,578 5,075

CURRENT ASSETS
Stocks 500 4,000
Debtors 5 3,588 3,667
Cash at bank 13,668 25,925
17,756 33,592
CREDITORS
Amounts falling due within one year 6 12,407 20,178
NET CURRENT ASSETS 5,349 13,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,927

18,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,827 18,389
11,927 18,489

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

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

The directors acknowledge their 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.

WONKY CANDLES LTD (REGISTERED NUMBER: 13234002)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





T Seaman - Director


WONKY CANDLES LTD (REGISTERED NUMBER: 13234002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023


1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WONKY CANDLES LTD (REGISTERED NUMBER: 13234002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 3,790 2,977 6,767
Additions 1,095 2,601 3,696
At 31 March 2023 4,885 5,578 10,463
DEPRECIATION
At 1 April 2022 948 744 1,692
Charge for year 984 1,209 2,193
At 31 March 2023 1,932 1,953 3,885
NET BOOK VALUE
At 31 March 2023 2,953 3,625 6,578
At 31 March 2022 2,842 2,233 5,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 37
Other debtors 3,588 3,630
3,588 3,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,662 9,560
Other creditors 7,745 10,618
12,407 20,178