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REGISTERED NUMBER: 03471996 (England and Wales)















Unaudited Financial Statements For The Year Ended 5 April 2023

for

Wade Montague Limited

Wade Montague Limited (Registered number: 03471996)






Contents of the Financial Statements
For The Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wade Montague Limited

Company Information
For The Year Ended 5 April 2023







DIRECTOR: W S Montague





REGISTERED OFFICE: 74 Evendons Lane
Wokingham
Berkshire
RG41 4AG





REGISTERED NUMBER: 03471996 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Wade Montague Limited (Registered number: 03471996)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,223 2,371

CURRENT ASSETS
Stocks 27,116 20,100
Debtors 5 2,193 14,650
Cash at bank and in hand 3,892 24,749
33,201 59,499
CREDITORS
Amounts falling due within one year 6 3,376 6,648
NET CURRENT ASSETS 29,825 52,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,048

55,222

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,046 55,220
SHAREHOLDERS' FUNDS 31,048 55,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 3 November 2023 and were signed by:





W S Montague - Director


Wade Montague Limited (Registered number: 03471996)

Notes to the Financial Statements
For The Year Ended 5 April 2023

1. STATUTORY INFORMATION

Wade Montague 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.

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 - 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 represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Wade Montague Limited (Registered number: 03471996)

Notes to the Financial Statements - continued
For The Year Ended 5 April 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 6 April 2022
and 5 April 2023 14,728 19,364 34,092
DEPRECIATION
At 6 April 2022 14,728 16,993 31,721
Charge for year - 1,148 1,148
At 5 April 2023 14,728 18,141 32,869
NET BOOK VALUE
At 5 April 2023 - 1,223 1,223
At 5 April 2022 - 2,371 2,371

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Other debtors - 12,748
Tax 1,236 1,236
VAT 957 666
2,193 14,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Directors' current accounts 2,256 5,304
Accrued expenses 1,120 1,344
3,376 6,648