Company Registration No. 01910925 (England and Wales)
ALLSPARES (WIGAN) LIMITED
Unaudited accounts
for the year ended 30 June 2023
ALLSPARES (WIGAN) LIMITED
Unaudited accounts
Contents
ALLSPARES (WIGAN) LIMITED
Company Information
for the year ended 30 June 2023
Directors
Mr S Simm
Mrs C Simm
Company Number
01910925 (England and Wales)
Registered Office
5 CAROLINE STREET
WIGAN
LANCASHIRE
WN3 4EL
Accountants
P A Hull & Co
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ALLSPARES (WIGAN) LIMITED for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ALLSPARES (WIGAN) LIMITED for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
P A Hull & Co
Chartered Accountants
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
14 February 2024
ALLSPARES (WIGAN) LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
105,092
87,987
Inventories
227,388
242,311
Cash at bank and in hand
220,587
269,744
Creditors: amounts falling due within one year
(165,401)
(194,800)
Net current assets
368,241
371,877
Total assets less current liabilities
473,333
459,864
Creditors: amounts falling due after more than one year
(56,325)
(60,081)
Provisions for liabilities
Deferred tax
(19,529)
(16,169)
Net assets
397,479
383,614
Called up share capital
200
200
Profit and loss account
397,279
383,414
Shareholders' funds
397,479
383,614
For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Mrs C Simm
Director
Company Registration No. 01910925
ALLSPARES (WIGAN) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
ALLSPARES (WIGAN) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01910925. The registered office is 5 CAROLINE STREET, WIGAN, LANCASHIRE, WN3 4EL.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ALLSPARES (WIGAN) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Total
Charge for the year
23,813
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
79,538
-
-
79,538
6
Average number of employees
During the year the average number of employees was 15 (2022: 15).