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COMPANY REGISTRATION NUMBER: 05490657
W H Breading & Son Limited
Filleted Unaudited Financial Statements
31 March 2024
W H Breading & Son Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
W H Breading & Son Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
49,279
37,549
Creditors: amounts falling due within one year
4
80,544
66,692
--------
--------
Net current liabilities
31,265
29,143
--------
--------
Total assets less current liabilities
( 31,265)
( 29,143)
--------
--------
Net liabilities
( 31,265)
( 29,143)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 31,365)
( 29,243)
--------
--------
Shareholders deficit
( 31,265)
( 29,143)
--------
--------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 April 2024 , and are signed on behalf of the board by:
Mr K.J. Breading
Mrs L.D. Breading
Director
Director
Company registration number: 05490657
W H Breading & Son Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the basis of the preparation of the accounts and are satisfied that the accounts should be prepared on a going concern basis. The directors have confirmed that they will continue to provide financial support for the foreseeable future.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with stated interest rate and receivable of payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Employee numbers
The average number of persons employed by the company during the year excluding directors amounted to nil (2023: nil).
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
80,544
66,692
--------
--------
5. Related party transactions
At the year end the company owed the Directors £78,904 (2023: £65,330).