PTP Accounts Production v22.3.0.621 SC312348 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3123482022-03-31SC3123482023-03-31SC3123482022-04-012023-03-31SC3123482021-03-31SC3123482021-04-012022-03-31SC3123482022-03-31SC312348ns16:Scotland2022-04-012023-03-31SC312348ns15:PoundSterling2022-04-012023-03-31SC312348ns11:Director12022-04-012023-03-31SC312348ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC312348ns11:SmallEntities2022-04-012023-03-31SC312348ns11:AuditExemptWithAccountantsReport2022-04-012023-03-31SC312348ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC312348ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC312348ns11:FullAccounts2022-04-012023-03-31SC312348ns11:RegisteredOffice2022-04-012023-03-31SC312348ns6:CurrentFinancialInstruments2023-03-31SC312348ns6:CurrentFinancialInstruments2022-03-31SC312348ns6:Non-currentFinancialInstruments2023-03-31SC312348ns6:Non-currentFinancialInstruments2022-03-31SC312348ns6:ShareCapital2023-03-31SC312348ns6:ShareCapital2022-03-31SC312348ns6:RetainedEarningsAccumulatedLosses2023-03-31SC312348ns6:RetainedEarningsAccumulatedLosses2022-03-31SC312348ns6:PlantMachinery2022-04-012023-03-31SC312348ns6:FurnitureFittings2022-04-012023-03-31SC312348ns6:MotorVehicles2022-04-012023-03-31SC312348ns6:PlantMachinery2022-03-31SC312348ns6:FurnitureFittings2022-03-31SC312348ns6:MotorVehicles2022-03-31SC312348ns6:PlantMachinery2023-03-31SC312348ns6:FurnitureFittings2023-03-31SC312348ns6:MotorVehicles2023-03-31SC312348ns6:PlantMachinery2022-03-31SC312348ns6:FurnitureFittings2022-03-31SC312348ns6:MotorVehicles2022-03-31SC312348ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC312348ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC312348ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-31SC312348ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-31SC312348ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-31SC312348ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-31SC312348ns6:DeferredTaxation2022-03-31SC312348ns6:DeferredTaxation2022-04-012023-03-31SC312348ns6:DeferredTaxation2023-03-31
REGISTERED NUMBER: SC312348 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wild Surveys Limited

Wild Surveys Limited (Registered number: SC312348)






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

Chartered Accountants' Report 9

Wild Surveys Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs H Lundie





REGISTERED OFFICE: St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 4DA





REGISTERED NUMBER: SC312348 (Scotland)





ACCOUNTANTS: GMH Chartered Accountants
St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT

Wild Surveys Limited (Registered number: SC312348)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,778 9,857

CURRENT ASSETS
Stocks 733 1,758
Debtors 5 90,885 114,566
Cash at bank - 19,694
91,618 136,018
CREDITORS
Amounts falling due within one year 6 45,895 38,131
NET CURRENT ASSETS 45,723 97,887
TOTAL ASSETS LESS CURRENT LIABILITIES 69,501 107,744

CREDITORS
Amounts falling due after more than one
year

7

(25,798

)

(34,998

)

PROVISIONS FOR LIABILITIES 8 (833 ) (1,872 )
NET ASSETS 42,870 70,874

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 42,771 70,775
42,870 70,874

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 her 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.

Wild Surveys Limited (Registered number: SC312348)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





Mrs H Lundie - Director


Wild Surveys Limited (Registered number: SC312348)

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

1. STATUTORY INFORMATION

Wild Surveys Limited is a private company, limited by shares , registered in Scotland. 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 prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Assets are considered for indications of impairment. If required an impairment review will be carried out and a decision made on possible impairment. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Bad debts are provided for where objective evidence of the need for a provision exists.

Inventories are assessed for evidence of obsolescence and a provision is made against any inventory unlikely to be sold, or where stock is sold post year end at a loss.

Turnover
Revenue is recognised to the extent that is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Consideration is given to the point at which the company is entitled to receive the income, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the provision of services is recognised in the period in which the services are provided when all the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due;
- the costs incurred can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Wild Surveys Limited (Registered number: SC312348)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Wild Surveys Limited (Registered number: SC312348)

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

2. ACCOUNTING POLICIES - continued

Leasing commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 18,027 7,737 14,089 39,853
Additions - 525 22,653 23,178
Disposals - - (9,088 ) (9,088 )
At 31 March 2023 18,027 8,262 27,654 53,943
DEPRECIATION
At 1 April 2022 13,992 6,461 9,543 29,996
Charge for year 2,181 533 3,917 6,631
Eliminated on disposal - - (4,504 ) (4,504 )
Charge written back - - (1,958 ) (1,958 )
At 31 March 2023 16,173 6,994 6,998 30,165
NET BOOK VALUE
At 31 March 2023 1,854 1,268 20,656 23,778
At 31 March 2022 4,035 1,276 4,546 9,857

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 10,945 35,179
Other debtors 587 1,810
Prepayments and accrued income 6,174 4,747
17,706 41,736

Wild Surveys Limited (Registered number: SC312348)

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

5. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Amount owed by associated
undertakings 73,179 72,830
73,179 72,830

Aggregate amounts 90,885 114,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 21,782 10,000
Trade creditors 2,142 3,048
Tax 1,590 8,667
VAT 9,164 13,020
Other creditors 2,599 2,117
Directors' current accounts 2,738 68
Accrued expenses 5,880 1,211
45,895 38,131

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,128 10,000
Bank loans - 2-5 years 15,670 24,998
25,798 34,998

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 833 1,872

Deferred
tax
£   
Balance at 1 April 2022 1,872
Credit to Statement of Income and Retained Earnings during year (1,039 )
Balance at 31 March 2023 833

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

In the year, the director operated a loan account with the company. As at the balance sheet date, the total owed to the director was £2,738 [2022:- £68].

Wild Surveys Limited (Registered number: SC312348)

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

10. RELATED PARTY DISCLOSURES

During the year the company gave an interest free loan to a related company, Mays Coffee Shop Ltd. The balance due by this company at 31st March 2023 was £73,179 [2022:- £72,830].

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H Lundie.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Wild Surveys Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wild Surveys Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Wild Surveys Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wild Surveys Limited and state those matters that we have agreed to state to the director of Wild Surveys Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wild Surveys Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wild Surveys Limited. You consider that Wild Surveys Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wild Surveys Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GMH Chartered Accountants
St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT


14 November 2023