REGISTERED NUMBER: |
Financial Statements |
for the Period 25 February 2022 to 23 February 2023 |
for |
Wye Group Holdings Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Period 25 February 2022 to 23 February 2023 |
for |
Wye Group Holdings Limited |
Wye Group Holdings Limited (Registered number: 04510806) |
Contents of the Financial Statements |
for the Period 25 February 2022 to 23 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Wye Group Holdings Limited |
Company Information |
for the Period 25 February 2022 to 23 February 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
238 Station Road |
Addlestone |
Surrey |
KT15 2PS |
Wye Group Holdings Limited (Registered number: 04510806) |
Balance Sheet |
23 February 2023 |
23.2.23 | 24.2.22 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Wye Group Holdings Limited (Registered number: 04510806) |
Balance Sheet - continued |
23 February 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Wye Group Holdings Limited (Registered number: 04510806) |
Notes to the Financial Statements |
for the Period 25 February 2022 to 23 February 2023 |
1. | STATUTORY INFORMATION |
Wye Group Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue |
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance. |
Tangible fixed assets |
No depreciation is provided on land and buildings because in the opinion of the director the residual value is in excess of the value of the property as stated in the financial statements. |
The director conducts an annual impairment review and where it is felt that the carrying value of the freehold property would exceed the open market value an appropriate periodic depreciation charge will be made in the financial statements. |
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows: |
Plant and machinery - 25% reducing balance |
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Wye Group Holdings Limited (Registered number: 04510806) |
Notes to the Financial Statements - continued |
for the Period 25 February 2022 to 23 February 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 25 February 2022 |
Additions |
At 23 February 2023 |
DEPRECIATION |
At 25 February 2022 |
Charge for period |
At 23 February 2023 |
NET BOOK VALUE |
At 23 February 2023 |
At 24 February 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 25 February 2022 |
and 23 February 2023 |
NET BOOK VALUE |
At 23 February 2023 |
At 24 February 2022 |
Wye Group Holdings Limited (Registered number: 04510806) |
Notes to the Financial Statements - continued |
for the Period 25 February 2022 to 23 February 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
23.2.23 | 24.2.22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
23.2.23 | 24.2.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 3,083 | - |
Other creditors |
Directors' current accounts |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
23.2.23 | 24.2.22 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 7,360 | 7,470 |
9. | RELATED PARTY DISCLOSURES |
At the year end the company owed the director's £124,135 (2022: £111,624) in respect of their directors' loan account. |
This loan is interest free and repayable on demand. |