IRIS Accounts Production v23.3.0.418 08874978 director 1.3.22 30.11.22 30.11.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088749782022-02-28088749782022-11-30088749782022-03-012022-11-30088749782021-02-28088749782021-03-012022-02-28088749782022-02-2808874978ns10:Originalns15:EnglandWales2022-03-012022-11-3008874978ns14:PoundSterlingns10:Original2022-03-012022-11-3008874978ns10:Originalns10:Director12022-03-012022-11-3008874978ns10:Original2022-03-012022-11-3008874978ns10:Original2022-11-3008874978ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012022-11-3008874978ns10:Originalns10:SmallEntities2022-03-012022-11-3008874978ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012022-11-3008874978ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012022-11-3008874978ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012022-11-3008874978ns10:Originalns10:FullAccounts2022-03-012022-11-3008874978ns10:Originalns10:RegisteredOffice2022-03-012022-11-3008874978ns10:Original2022-02-2808874978ns10:Originalns5:CurrentFinancialInstruments2022-11-3008874978ns10:Originalns5:CurrentFinancialInstruments2022-02-2808874978ns10:Originalns5:Non-currentFinancialInstruments2022-11-3008874978ns10:Originalns5:Non-currentFinancialInstruments2022-02-2808874978ns5:ShareCapitalns10:Original2022-11-3008874978ns5:ShareCapitalns10:Original2022-02-2808874978ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3008874978ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2808874978ns10:Original2021-03-012022-02-2808874978ns10:Originalns5:PlantMachinery2022-02-2808874978ns10:Originalns5:PlantMachinery2022-03-012022-11-3008874978ns10:Originalns5:PlantMachinery2022-11-3008874978ns10:Originalns5:PlantMachinery2022-02-2808874978ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3008874978ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2808874978ns10:Originalns5:DeferredTaxation2022-02-2808874978ns10:Originalns5:DeferredTaxation2022-03-012022-11-3008874978ns10:Originalns5:DeferredTaxation2022-11-3008874978ns10:Original1ns10:Director12022-02-2808874978ns10:Original1ns10:Director12021-02-2808874978ns10:Original1ns10:Director12022-03-012022-11-3008874978ns10:Original1ns10:Director12021-03-012022-02-2808874978ns10:Original1ns10:Director12022-11-3008874978ns10:Original1ns10:Director12022-02-28
REGISTERED NUMBER: 08874978 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 30 NOVEMBER 2022

FOR

WELL BRED DESIGN LIMITED

WELL BRED DESIGN LIMITED (REGISTERED NUMBER: 08874978)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 30 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELL BRED DESIGN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 30 NOVEMBER 2022







DIRECTOR: J Hall





REGISTERED OFFICE: Unit 11 Level 5
North New England House
New England Street
Brighton
East Sussex
BN1 4GH





REGISTERED NUMBER: 08874978 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

WELL BRED DESIGN LIMITED (REGISTERED NUMBER: 08874978)

BALANCE SHEET
30 NOVEMBER 2022

2022 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,099

CURRENT ASSETS
Stocks - 2,519
Debtors 5 30,649 35,547
Cash at bank 3 2
30,652 38,068
CREDITORS
Amounts falling due within one year 6 17,328 22,142
NET CURRENT ASSETS 13,324 15,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,324

19,025

CREDITORS
Amounts falling due after more than one
year

7

(18,400

)

(18,400

)

PROVISIONS FOR LIABILITIES 8 - (589 )
NET (LIABILITIES)/ASSETS (5,076 ) 36

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (5,086 ) 26
(5,076 ) 36

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 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 1 November 2023 and were signed by:




J Hall - Director


WELL BRED DESIGN LIMITED (REGISTERED NUMBER: 08874978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Well Bred Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company ceased to trade on 30 November 2022. The accounts have been prepared under a non-going concern basis. There is no impact on the position or performance of the company as a result of this change in basis.

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 the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 3 year straight line
Fixtures & fittings - 25% reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 period 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 period 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.

3. EMPLOYEES

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

WELL BRED DESIGN LIMITED (REGISTERED NUMBER: 08874978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 NOVEMBER 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 7,771
Additions 1,367
Impairments (2,612 )
At 30 November 2022 6,526
DEPRECIATION
At 1 March 2022 4,672
Charge for period 1,854
At 30 November 2022 6,526
NET BOOK VALUE
At 30 November 2022 -
At 28 February 2022 3,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2022
£    £   
Trade debtors 343 288
Other debtors 8,352 8,352
Directors' current accounts 21,954 26,768
Prepayments and accrued income - 139
30,649 35,547

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2022
£    £   
Bank loans and overdrafts 3,122 5,202
Trade creditors 2,399 3,308
Taxation and social security 10,607 12,281
Other creditors 1,200 1,351
17,328 22,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2022
£    £   
Bank loans 18,400 18,400

8. PROVISIONS FOR LIABILITIES
2022 2022
£    £   
Deferred tax - 589

WELL BRED DESIGN LIMITED (REGISTERED NUMBER: 08874978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 NOVEMBER 2022


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 589
Provided during period (589 )
Balance at 30 November 2022 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2022 and the year ended 28 February 2022:

2022 2022
£    £   
J Hall
Balance outstanding at start of period 26,768 23,225
Amounts advanced 3,664 34,491
Amounts repaid (8,478 ) (30,948 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 21,954 26,768