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REGISTERED NUMBER: 10052924 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

WYNFORD MILLS BUILDING LTD

WYNFORD MILLS BUILDING LTD (REGISTERED NUMBER: 10052924)

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


WYNFORD MILLS BUILDING LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: W J Mills
Mrs G M Mills





SECRETARY: Mrs G M Mills





REGISTERED OFFICE: 26 North Road
Builth Wells
Powys
LD2 3BU





REGISTERED NUMBER: 10052924 (England and Wales)





ACCOUNTANT: N E Sears ATT
NESTAX Limited
9 Church Street
Builth Wells
Powys
LD2 3AP

WYNFORD MILLS BUILDING LTD (REGISTERED NUMBER: 10052924)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,500 21,000
Tangible assets 5 177,887 181,249
197,387 202,249

CURRENT ASSETS
Stocks 5,673 11,460
Debtors 6 39,105 52,292
Cash at bank 104,888 46,404
149,666 110,156
CREDITORS
Amounts falling due within one year 7 126,401 92,853
NET CURRENT ASSETS 23,265 17,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,652

219,552

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 220,648 219,548
220,652 219,552

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.

WYNFORD MILLS BUILDING LTD (REGISTERED NUMBER: 10052924)

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 21 October 2023 and were signed on its behalf by:




W J Mills - Director



Mrs G M Mills - Director


WYNFORD MILLS BUILDING LTD (REGISTERED NUMBER: 10052924)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Wynford Mills Building 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

WYNFORD MILLS BUILDING LTD (REGISTERED NUMBER: 10052924)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022 9,000
Charge for year 1,500
At 31 March 2023 10,500
NET BOOK VALUE
At 31 March 2023 19,500
At 31 March 2022 21,000

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2022 157,396 37,416 - 194,812
Additions - 1,465 354 1,819
At 31 March 2023 157,396 38,881 354 196,631
DEPRECIATION
At 1 April 2022 - 13,563 - 13,563
Charge for year - 5,064 117 5,181
At 31 March 2023 - 18,627 117 18,744
NET BOOK VALUE
At 31 March 2023 157,396 20,254 237 177,887
At 31 March 2022 157,396 23,853 - 181,249

WYNFORD MILLS BUILDING LTD (REGISTERED NUMBER: 10052924)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,917 45,047
Other debtors 3,188 7,245
39,105 52,292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,667 41,667
Trade creditors 12,705 24,053
Taxation and social security 36,427 25,953
Other creditors 45,602 1,180
126,401 92,853