Registered number
12378466
WJ Nestle CML. Limited
Filleted Accounts
31 March 2023
WJ Nestle CML. Limited
Registered number: 12378466
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 665 887
Current assets
Debtors 4 127,568 61,056
Cash at bank and in hand 346 10,971
127,914 72,027
Creditors: amounts falling due within one year 5 (50,483) (32,533)
Net current assets 77,431 39,494
Total assets less current liabilities 78,096 40,381
Creditors: amounts falling due after more than one year 6 (34,967) (40,057)
Net assets 43,129 324
Capital and reserves
Called up share capital 100 100
Profit and loss account 43,029 224
Shareholder's funds 43,129 324
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Taranpreet Singh
Director
Approved by the board on 15 February 2024
WJ Nestle CML. Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures & fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Equipment, fixtures & fittings
£
Cost
At 1 April 2022 1,576
At 31 March 2023 1,576
Depreciation
At 1 April 2022 689
Charge for the year 222
At 31 March 2023 911
Net book value
At 31 March 2023 665
At 31 March 2022 887
4 Debtors 2023 2022
£ £
Trade debtors 34,950 1,579
Amounts owed by group undertakings and undertakings in which the company has a participating interest and under common control 66,497 -
Other debtors 26,121 59,477
127,568 61,056
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,209 6,209
Trade creditors 1,447 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest and under common control 562 23,110
Taxation and social security costs 18,042 1,945
Other creditors 24,223 1,269
50,483 32,533
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,967 40,057
7 Controlling party
The company is a wholly-owned subsidiary of Wahejiyo Limited, a company incorporated in England and Wales. The controlling party is Mr Taranpreet Singh whose interest in the company is held through his shareholdings in Wahejiyo Limited.
8 Other information
WJ Nestle CML. Limited is a private company limited by shares and incorporated in England. Its registered office is:
G09 Unit 4 Triangle Centre
399 Uxbridge Road
Southall
UB1 3EJ
WJ Nestle CML. Limited 12378466 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Mr Taranpreet Singh No description of principal activity 12378466 2021-04-01 2022-03-31 12378466 core:WithinOneYear 2022-03-31 12378466 core:AfterOneYear 2022-03-31 12378466 core:ShareCapital 2022-03-31 12378466 core:RetainedEarningsAccumulatedLosses 2022-03-31 12378466 2022-04-01 2023-03-31 12378466 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12378466 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12378466 bus:Director40 2022-04-01 2023-03-31 12378466 1 2022-04-01 2023-03-31 12378466 2 2022-04-01 2023-03-31 12378466 core:PlantMachinery 2022-04-01 2023-03-31 12378466 countries:England 2022-04-01 2023-03-31 12378466 bus:FRS102 2022-04-01 2023-03-31 12378466 bus:FullAccounts 2022-04-01 2023-03-31 12378466 2023-03-31 12378466 core:WithinOneYear 2023-03-31 12378466 core:AfterOneYear 2023-03-31 12378466 core:ShareCapital 2023-03-31 12378466 core:RetainedEarningsAccumulatedLosses 2023-03-31 12378466 core:PlantMachinery 2023-03-31 12378466 2022-03-31 12378466 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure