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Registration number: 08879007

Winport Developments Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Winport Developments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Winport Developments Limited

(Registration number: 08879007)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,901

2,699

Current assets

 

Stocks

5

767,110

673,451

Debtors

6

2,428

6,879

Cash at bank and in hand

 

3,943

3,808

 

773,481

684,138

Creditors: Amounts falling due within one year

7

(774,807)

(685,157)

Net current liabilities

 

(1,326)

(1,019)

Net assets

 

575

1,680

Capital and reserves

 

Called up share capital

4

4

Retained earnings

571

1,676

Shareholders' funds

 

575

1,680

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 November 2023
 

.........................................
Mr MT Ashley
Director

 

Winport Developments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
54 Edgeley Road
Edgeley
Stockport
Cheshire
SK3 9NQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Vehicles, plant and machinery

25% on reducing balance

Computer equipment

33% on cost

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Winport Developments Limited

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

4

Tangible assets

Fixtures, fittings and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

15,110

5,500

20,610

Additions

421

-

421

At 31 March 2023

15,531

5,500

21,031

Depreciation

At 1 April 2022

13,007

4,904

17,911

Charge for the year

1,070

149

1,219

At 31 March 2023

14,077

5,053

19,130

Carrying amount

At 31 March 2023

1,454

447

1,901

At 31 March 2022

2,103

596

2,699

5

Stocks

2023
£

2022
£

Work in progress

767,110

673,451

6

Debtors

Current

2023
£

2022
£

Prepayments

39

860

Other debtors

2,389

6,019

 

Winport Developments Limited

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Other creditors

774,807

685,157