Company Registration No. 11152533 (England and Wales)
WEALDSTONE LTD
Unaudited accounts
for the year ended 31 January 2024
WEALDSTONE LTD
Unaudited accounts
Contents
WEALDSTONE LTD
Company Information
for the year ended 31 January 2024
Company Number
11152533 (England and Wales)
Registered Office
134 High Street
Uxbridge
UB8 1JX
England
WEALDSTONE LTD
Statement of financial position
as at 31 January 2024
Intangible assets
391,221
279,129
Tangible assets
57,538
65,289
Inventories
125,263
34,583
Cash at bank and in hand
3,193
12,683
Creditors: amounts falling due within one year
(749,007)
(589,419)
Net current liabilities
(549,316)
(525,010)
Total assets less current liabilities
(100,557)
(180,592)
Creditors: amounts falling due after more than one year
(24,463)
(26,429)
Provisions for liabilities
Deferred tax
(10,932)
(12,405)
Net liabilities
(135,952)
(219,426)
Called up share capital
100
100
Profit and loss account
(136,052)
(219,526)
Shareholders' funds
(135,952)
(219,426)
For the year ending 31 January 2024 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 5 February 2024 and were signed on its behalf by
Salman QURESHI
Director
Company Registration No. 11152533
WEALDSTONE LTD
Notes to the Accounts
for the year ended 31 January 2024
WEALDSTONE LTD is a private company, limited by shares, registered in England and Wales, registration number 11152533. The registered office is 134 High Street, Uxbridge, UB8 1JX, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 February 2023
403,080
At 31 January 2024
567,520
At 1 February 2023
123,951
Charge for the year
52,348
At 31 January 2024
176,299
At 31 January 2024
391,221
At 31 January 2023
279,129
WEALDSTONE LTD
Notes to the Accounts
for the year ended 31 January 2024
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Tangible fixed assets
Plant & machinery
At 31 January 2024
108,346
Charge for the year
19,179
Amounts falling due within one year
Amounts due from group undertakings etc.
4,000
16,700
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
81,255
120,896
Trade creditors
62,237
20,948
Amounts owed to group undertakings and other participating interests
61,271
112,503
Taxes and social security
40,359
23,175
Other creditors
5,006
10,494
Loans from directors
498,879
301,403
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
24,463
26,429
9
Average number of employees
During the year the average number of employees was 21 (2023: 22).