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REGISTERED NUMBER: 06568854 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

BWC Wildlife Limited

BWC Wildlife Limited (Registered number: 06568854)






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


BWC Wildlife Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D F Mills





SECRETARY: Mrs P Kennedy





REGISTERED OFFICE: British Wildlife Centre
Eastbourne Road
Newchapel
Lingfield
Surrey
RH7 6LF





REGISTERED NUMBER: 06568854 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

BWC Wildlife Limited (Registered number: 06568854)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 148,490 143,797
148,490 143,797

CURRENT ASSETS
Stocks 6 7,000 5,300
Debtors 7 6,508 5,535
Prepayments and accrued income 1,377 970
Cash at bank and in hand 91,622 118,794
106,507 130,599
CREDITORS
Amounts falling due within one year 8 102,326 113,625
NET CURRENT ASSETS 4,181 16,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,671

160,771

CREDITORS
Amounts falling due after more than one year 9 (21,667 ) (43,451 )

PROVISIONS FOR LIABILITIES (9,183 ) (20,285 )
NET ASSETS 121,821 97,035

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 121,721 96,935
SHAREHOLDERS' FUNDS 121,821 97,035

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 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.

BWC Wildlife Limited (Registered number: 06568854)

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 director and authorised for issue on 26 October 2023 and were signed by:





D F Mills - Director


BWC Wildlife Limited (Registered number: 06568854)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

BWC Wildlife 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.

Turnover
Turnover represents income from entrance fees, shop and café sales, excluding value added tax. A sale is recognised on receipt of the income.

Income from landfill is based on the number of loads tipped on to the land. It is recognised as each load is unloaded.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures, fittings and office equipment - 25% on reducing balance and 25% on cost
Motor vehicles - 25% on reducing balance

Fixed assets costing under £500 are written off to the profit and loss account in the year of purchase.

Stocks
Stocks of goods for sale in the shop are valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis; net realisable value represents estimated selling price. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Stocks of wild animals held by the company are not given any value in these accounts as they have no resale value.

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.


BWC Wildlife Limited (Registered number: 06568854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Donations
Donations, included in turnover, are recognised once the company has entitlement to the funds, it is probable that the donation will be received and the amount can be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 33,000
AMORTISATION
At 1 April 2022
and 31 March 2023 33,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

BWC Wildlife Limited (Registered number: 06568854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Freehold Plant and office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 125,188 70,487 158,820 9,495 363,990
Additions - 19,177 4,469 - 23,646
Disposals - (3,250 ) - - (3,250 )
At 31 March 2023 125,188 86,414 163,289 9,495 384,386
DEPRECIATION
At 1 April 2022 22,534 50,578 138,853 8,228 220,193
Charge for year 2,504 9,737 6,258 317 18,816
Eliminated on disposal - (3,113 ) - - (3,113 )
At 31 March 2023 25,038 57,202 145,111 8,545 235,896
NET BOOK VALUE
At 31 March 2023 100,150 29,212 18,178 950 148,490
At 31 March 2022 102,654 19,909 19,967 1,267 143,797

6. STOCKS
31.3.23 31.3.22
£    £   
Gift shop stock 5,000 5,300
Coffee Shop Stock 2,000 -
7,000 5,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,508 5,265
Social Security and other tax - 270
6,508 5,535

BWC Wildlife Limited (Registered number: 06568854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 19,776 40,877
Hire purchase contracts - 3,191
Trade creditors 12,813 19,440
Tax 1,970 13,743
VAT 17,692 4,991
Other creditors 10,500 10,500
Company credit card 3,761 3,089
Directors' loan accounts 23,153 4,644
Accruals and deferred income 12,661 13,150
102,326 113,625

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 1-2 years 10,000 21,784
Bank loans 2-5 years 11,667 21,667
21,667 43,451

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 41,443 84,328

Lloyds TSB Bank plc has a fixed and floating charge over the undertaking and all property and assets of the company present and future as security for its loan of £6,998 (2022 - £23,216).

BWC Wildlife Ltd had a £50,000 loan from International Wildlife Coalition Trust in February 2020 with fixed interest at 4% per year over 3 years. The director, Mr D F Mills, has given a personal guarantee that he will pay any overdue principal or interest payments on demand.The balance due at the year end was £2,778(2022- £19,444).

The company took out a 5 year Bounce Back loan in May 2020 of £50,000 with fixed interest at 2.5% per year. The balance due at the year end was £31,667 (2021 - £41,667).

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

BWC Wildlife Limited (Registered number: 06568854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. RELATED PARTY DISCLOSURES

The centre operates on land owned by Mr D F Mills, a director and shareholder. The company has agreed to pay rent, but no formal lease is in place. Rent paid in the year was £18,000 (2022 - £18,000).

13. ULTIMATE CONTROLLING PARTY

The controlling party is D F Mills.