Company Registration No. 09788542 (England and Wales)
Wendy's @ Bosham Walk Ltd
Unaudited accounts
for the year ended 30 September 2023
Wendy's @ Bosham Walk Ltd
Unaudited accounts
Contents
Wendy's @ Bosham Walk Ltd
Company Information
for the year ended 30 September 2023
Company Number
09788542 (England and Wales)
Registered Office
Bosham Walk Craft Centre
Bosham Lane
Bosham
West Sussex
PO18 8HX
Accountants
Babcock Tax & Accountancy Services Ltd
The Florins, 8 Lulworth Close
Hayling Island
Hampshire
PO11 0NY
Wendy's @ Bosham Walk Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
2,130
2,367
Cash at bank and in hand
51,544
57,947
Creditors: amounts falling due within one year
(13,650)
(13,046)
Net current assets
41,348
50,083
Called up share capital
100
100
Profit and loss account
43,378
52,350
Shareholders' funds
43,478
52,450
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
Miss W F Coleman
Director
Company Registration No. 09788542
Wendy's @ Bosham Walk Ltd
Notes to the Accounts
for the year ended 30 September 2023
Wendy's @ Bosham Walk Ltd is a private company, limited by shares, registered in England and Wales, registration number 09788542. The registered office is Bosham Walk Craft Centre, Bosham Lane, Bosham, West Sussex, PO18 8HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing balance
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Taxation for the year compromises 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.
Wendy's @ Bosham Walk Ltd
Notes to the Accounts
for the year ended 30 September 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
3,637
1,404
5,041
At 30 September 2023
3,637
1,404
5,041
At 1 October 2022
1,270
1,404
2,674
Charge for the year
237
-
237
At 30 September 2023
1,507
1,404
2,911
At 30 September 2023
2,130
-
2,130
At 30 September 2022
2,367
-
2,367
Amounts falling due within one year
Accrued income and prepayments
550
254
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,845
1,996
Taxes and social security
891
1,472
Wendy's @ Bosham Walk Ltd
Notes to the Accounts
for the year ended 30 September 2023
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Average number of employees
During the year the average number of employees was 12 (2022: 11).