Company Registration No. 09460921 (England and Wales)
WLX Productions Limited
Unaudited accounts
for the year ended 28 February 2023
WLX Productions Limited
Unaudited accounts
Contents
WLX Productions Limited
Company Information
for the year ended 28 February 2023
Director
Christopher Wilson
Company Number
09460921 (England and Wales)
Registered Office
Inverallen
Forge Road
Kingsley
Hampshire
GU35 9LW
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
WLX Productions Limited
Statement of financial position
as at 28 February 2023
Tangible assets
126,260
125,440
Cash at bank and in hand
19,082
5,380
Creditors: amounts falling due within one year
(33,299)
(21,040)
Net current assets
28,504
14,345
Total assets less current liabilities
154,764
139,785
Creditors: amounts falling due after more than one year
(19,331)
(27,331)
Provisions for liabilities
Deferred tax
(15,269)
(18,865)
Called up share capital
100
100
Profit and loss account
120,064
93,489
Shareholders' funds
120,164
93,589
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 20 November 2023 and were signed on its behalf by
Christopher Wilson
Director
Company Registration No. 09460921
WLX Productions Limited
Notes to the Accounts
for the year ended 28 February 2023
WLX Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 09460921. The registered office is Inverallen, Forge Road, Kingsley, Hampshire, GU35 9LW.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
WLX Productions Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
262,702
23,733
7,045
293,480
Additions
27,703
-
2,112
29,815
At 28 February 2023
290,405
23,733
9,157
323,295
At 1 March 2022
146,637
16,786
4,617
168,040
Charge for the year
27,006
1,389
600
28,995
At 28 February 2023
173,643
18,175
5,217
197,035
At 28 February 2023
116,762
5,558
3,940
126,260
At 28 February 2022
116,065
6,947
2,428
125,440
Amounts falling due within one year
Trade debtors
42,721
29,919
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
7,999
Taxes and social security
12,443
77
Loans from directors
644
12,352
7
Creditors: amounts falling due after more than one year
2023
2022
The company is controlled by Mr C Wilson who is the sole shareholder of the company.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).