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REGISTERED NUMBER: 10323973 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Warmly Limited

Warmly Limited (Registered number: 10323973)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Warmly Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: H M Fleetwood-Bird
C W M Stocker





REGISTERED OFFICE: Priory Farm House
Wheathill
Lydford On Fosse
Somerton
TA11 7HG





REGISTERED NUMBER: 10323973 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

Warmly Limited (Registered number: 10323973)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,243 18,713
Investments 5 25,000 25,000
40,243 43,713

CURRENT ASSETS
Debtors 6 2,744,444 2,503,246
Cash at bank 153,519 68,193
2,897,963 2,571,439
CREDITORS
Amounts falling due within one year 7 2,974,070 2,599,293
NET CURRENT LIABILITIES (76,107 ) (27,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,864

)

15,859

CREDITORS
Amounts falling due after more than one
year

8

-

9,969
NET (LIABILITIES)/ASSETS (35,864 ) 5,890

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (35,964 ) 5,790
SHAREHOLDERS' FUNDS (35,864 ) 5,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Warmly Limited (Registered number: 10323973)

Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 February 2024 and were signed on its behalf by:





C W M Stocker - Director


Warmly Limited (Registered number: 10323973)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Warmly Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares, which are measured at fair value, with
changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost
and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Warmly Limited (Registered number: 10323973)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 24,950
Additions 1,609
At 31 July 2023 26,559
DEPRECIATION
At 1 August 2022 6,237
Charge for year 5,079
At 31 July 2023 11,316
NET BOOK VALUE
At 31 July 2023 15,243
At 31 July 2022 18,713

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 25,000
NET BOOK VALUE
At 31 July 2023 25,000
At 31 July 2022 25,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 2,744,444 2,503,246

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 9,969 4,269
Taxation and social security (66 ) 2,298
Other creditors 2,964,167 2,592,726
2,974,070 2,599,293

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 9,969

Warmly Limited (Registered number: 10323973)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
50 ordinary Class A £1 50 50
50 ordinary Class B £1 50 50
100 100