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REGISTERED NUMBER: 11901194 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 July 2023

for

W B Herefordshire & Worcestershire Ltd

W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)

Abridged Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,000 135,000
Tangible assets 5 8,750 14,091
125,750 149,091

CURRENT ASSETS
Stocks 1,368 1,132
Debtors 1,315 25,183
Cash at bank 24 20,515
2,707 46,830
CREDITORS
Amounts falling due within one year 91,932 142,747
NET CURRENT LIABILITIES (89,225 ) (95,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,525

53,174

CREDITORS
Amounts falling due after more than
one year

35,060

53,126
NET ASSETS 1,465 48

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,455 38
1,465 48

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




Mr S W Morgan - Director



Mrs K H Morgan - Director


W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)

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

1. STATUTORY INFORMATION

W B Herefordshire & Worcestershire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11901194

Registered office: 59 Whinfield Road
Worcester
Worcestershire
WR3 7HG

The presentation currency of the financial statements is the Pound Sterling (£).


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 been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 25% on cost

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

W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, adjusted for transactions costs. Debt instruments are a subsequently carried at amortised cost, using the effective interest method. Where the arrangement constitutes a financing transaction, the debt instrument is measured at present value of future receipts, discounted at a market rate of interest.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)

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

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 180,000
AMORTISATION
At 1 August 2022 45,000
Amortisation for year 18,000
At 31 July 2023 63,000
NET BOOK VALUE

At 31 July 2023 117,000
At 31 July 2022 135,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 25,465
Additions 142
At 31 July 2023 25,607
DEPRECIATION
At 1 August 2022 11,374
Charge for year 5,483
At 31 July 2023 16,857
NET BOOK VALUE
At 31 July 2023 8,750
At 31 July 2022 14,091

W B Herefordshire & Worcestershire Ltd (Registered number: 11901194)

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

6. SECURED DEBTS

On the 9 July 2019 The Trustees of the WB H & W Pension Scheme registered a floating charge over the property and undertaking of the company.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr S W Morgan and Mrs K H Morgan
Balance outstanding at start of year 16,714 12,747
Amounts advanced (66 ) 16,714
Amounts repaid (16,714 ) (12,747 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (66 ) 16,714

Directors' loan accounts were repaid within 9 months of the year end in 2022.