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COMPANY REGISTRATION NUMBER: 08355838
Warford Project Resource Limited
Filleted Unaudited Abridged Financial Statements
31 December 2023
Warford Project Resource Limited
Abridged Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
132
204
Current assets
Debtors
134
7,110
Cash at bank and in hand
104,915
65,132
---------
--------
105,049
72,242
Creditors: amounts falling due within one year
30,432
26,907
---------
--------
Net current assets
74,617
45,335
--------
--------
Total assets less current liabilities
74,749
45,539
--------
--------
Net assets
74,749
45,539
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
74,748
45,538
--------
--------
Shareholder funds
74,749
45,539
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Warford Project Resource Limited
Abridged Statement of Financial Position (continued)
31 December 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
Miss J Downes
Director
Company registration number: 08355838
Warford Project Resource Limited
Notes to the Abridged Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Heathview Cottages, Mill Lane, Great Warford, Alderley Edge, Cheshire, SK9 7TY, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents invoiced fees and disbursements recovered excluding Value Added Tax. Turnover is recognised on a strict time basis when the unconditional right to consideration for work done has been earned; fees are generally invoiced on a monthly basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods and is measured at the amounts of tax expected to be paid or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and equipment
-
33% straight line
Office equipment
-
33% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
£
Cost
At 1 January 2023 and 31 December 2023
29,219
--------
Depreciation
At 1 January 2023
29,015
Charge for the year
72
--------
At 31 December 2023
29,087
--------
Carrying amount
At 31 December 2023
132
--------
At 31 December 2022
204
--------
6. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
4,941
4,941
Later than 1 year and not later than 5 years
1,236
6,177
-------
--------
6,177
11,118
-------
--------