2 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,872 322 6,194 881 796 1,677 4,517 4,991 xbrli:pure xbrli:shares iso4217:GBP 13228763 2022-03-01 2023-02-28 13228763 2023-02-28 13228763 2022-02-28 13228763 2022-02-28 13228763 core:FurnitureFittings 2022-03-01 2023-02-28 13228763 bus:Director1 2022-03-01 2023-02-28 13228763 core:FurnitureFittings 2022-02-28 13228763 core:FurnitureFittings 2023-02-28 13228763 core:WithinOneYear 2023-02-28 13228763 core:WithinOneYear 2022-02-28 13228763 core:ShareCapital 2023-02-28 13228763 core:ShareCapital 2022-02-28 13228763 core:RetainedEarningsAccumulatedLosses 2023-02-28 13228763 core:RetainedEarningsAccumulatedLosses 2022-02-28 13228763 core:FurnitureFittings 2022-02-28 13228763 bus:SmallEntities 2022-03-01 2023-02-28 13228763 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13228763 bus:FullAccounts 2022-03-01 2023-02-28 13228763 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13228763 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 13228763
The Old Wheelwright Ltd
Filleted Unaudited Financial Statements
28 February 2023
The Old Wheelwright Ltd
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
4,517
4,991
Current assets
Stocks
206
276
Debtors
6
64
64
Cash at bank and in hand
2,383
2,548
------------
------------
2,653
2,888
Creditors: amounts falling due within one year
7
( 10,303)
( 10,010)
------------
------------
Net current liabilities
( 7,650)
( 7,122)
------------
------------
Total assets less current liabilities
( 3,133)
( 2,131)
Provisions
Taxation including deferred tax
( 858)
( 948)
------------
------------
Net liabilities
( 3,991)
( 3,079)
------------
------------
The Old Wheelwright Ltd
Statement of Financial Position (continued)
28 February 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
11
11
Profit and loss account
( 4,002)
( 3,090)
------------
------------
Shareholder deficit
( 3,991)
( 3,079)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 October 2023 , and are signed on behalf of the board by:
Mrs K L Franklin
Director
Company registration number: 13228763
The Old Wheelwright Ltd
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Little Brampton, Clunbury, SY7 0HH, Shropshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Provisions
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: Nil).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 March 2022
5,872
5,872
Additions
322
322
------------
------------
At 28 February 2023
6,194
6,194
------------
------------
Depreciation
At 1 March 2022
881
881
Charge for the year
796
796
------------
------------
At 28 February 2023
1,677
1,677
------------
------------
Carrying amount
At 28 February 2023
4,517
4,517
------------
------------
At 28 February 2022
4,991
4,991
------------
------------
6. Debtors
2023
2022
£
£
Other debtors
64
64
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
10,303
10,010
------------
------------