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Company Registration No. 07161792 (England and Wales)
Wye Canoes Limited Unaudited accounts for the year ended 28 February 2023
Wye Canoes Limited Unaudited accounts Contents
Page
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Wye Canoes Limited Company Information for the year ended 28 February 2023
Director
Stuart Graham Wyley
Company Number
07161792 (England and Wales)
Accountants
Davies Business Consultancy 63 Norfolk Road Littlehampton West Sussex BN17 5HE
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Wye Canoes Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,557 
70,027 
Current assets
Debtors
- 
1,421 
Cash at bank and in hand
2,771 
15,323 
2,771 
16,744 
Creditors: amounts falling due within one year
(159,612)
(122,535)
Net current liabilities
(156,841)
(105,791)
Net liabilities
(38,284)
(35,764)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(38,384)
(35,864)
Shareholders' funds
(38,284)
(35,764)
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 15 November 2023 and were signed on its behalf by
Stuart Graham Wyley Director Company Registration No. 07161792
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Wye Canoes Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Wye Canoes Limited is a private company, limited by shares, registered in England and Wales, registration number 07161792.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
135,791 
18,225 
2,960 
156,976 
Additions
11,795 
59,755 
698 
72,248 
At 28 February 2023
147,586 
77,980 
3,658 
229,224 
Depreciation
At 1 March 2022
80,388 
6,023 
538 
86,949 
Charge for the year
12,184 
11,094 
440 
23,718 
At 28 February 2023
92,572 
17,117 
978 
110,667 
Net book value
At 28 February 2023
55,014 
60,863 
2,680 
118,557 
At 28 February 2022
55,403 
12,202 
2,422 
70,027 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,421 
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Wye Canoes Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
130,720 
81,091 
VAT
28,221 
18,744 
Trade creditors
16,948 
12,816 
Taxes and social security
(18)
(231)
Other creditors
(26,298)
(2,037)
Loans from directors
10,039 
12,152 
159,612 
122,535 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Stuart Graham Wyley
Loans to directors
(26,855)
- 
- 
(26,855)
(26,855)
- 
- 
(26,855)
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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