Wilding and Kent Limited 01050057 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the provision of butchery services and retail of meat, groceries and other provisions Digita Accounts Production Advanced 6.30.9574.0 true true 01050057 2022-07-01 2023-06-30 01050057 2023-06-30 01050057 bus:Director1 1 2023-06-30 01050057 bus:OrdinaryShareClass1 2023-06-30 01050057 core:RetainedEarningsAccumulatedLosses 2023-06-30 01050057 core:ShareCapital 2023-06-30 01050057 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 01050057 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 01050057 core:LandBuildings 2023-06-30 01050057 core:MotorVehicles 2023-06-30 01050057 core:OtherPropertyPlantEquipment 2023-06-30 01050057 bus:SmallEntities 2022-07-01 2023-06-30 01050057 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 01050057 bus:AbridgedAccounts 2022-07-01 2023-06-30 01050057 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 01050057 bus:RegisteredOffice 2022-07-01 2023-06-30 01050057 bus:CompanySecretaryDirector1 2022-07-01 2023-06-30 01050057 bus:Director1 2022-07-01 2023-06-30 01050057 bus:Director1 1 2022-07-01 2023-06-30 01050057 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 01050057 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01050057 core:LandBuildings 2022-07-01 2023-06-30 01050057 core:MotorVehicles 2022-07-01 2023-06-30 01050057 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 01050057 core:PlantMachinery 2022-07-01 2023-06-30 01050057 core:KeyManagementPersonnel 2022-07-01 2023-06-30 01050057 countries:UnitedKingdom 2022-07-01 2023-06-30 01050057 2022-06-30 01050057 bus:Director1 1 2022-06-30 01050057 core:LandBuildings 2022-06-30 01050057 core:MotorVehicles 2022-06-30 01050057 core:OtherPropertyPlantEquipment 2022-06-30 01050057 2021-07-01 2022-06-30 01050057 2022-06-30 01050057 bus:Director1 1 2022-06-30 01050057 bus:OrdinaryShareClass1 2022-06-30 01050057 core:RetainedEarningsAccumulatedLosses 2022-06-30 01050057 core:ShareCapital 2022-06-30 01050057 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 01050057 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 01050057 core:LandBuildings 2022-06-30 01050057 core:MotorVehicles 2022-06-30 01050057 core:OtherPropertyPlantEquipment 2022-06-30 01050057 bus:Director1 1 2021-07-01 2022-06-30 01050057 bus:Director1 1 2021-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01050057

Wilding and Kent Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2023

 

Wilding and Kent Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Abridged Financial Statements

4 to 8

 

Wilding and Kent Limited

Company Information

Directors

Mr SK Haggerty

Mrs CE Haggerty

Company secretary

Mrs CE Haggerty

Registered office

4-5 Ringland Centre
Newport
South Wales
NP19 9HG

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Wilding and Kent Limited

(Registration number: 01050057)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,882

10,845

Current assets

 

Stocks

16,900

18,900

Debtors

39,076

29,866

Cash at bank and in hand

 

6,357

17,477

 

62,333

66,243

Creditors: Amounts falling due within one year

5

(39,972)

(28,807)

Net current assets

 

22,361

37,436

Total assets less current liabilities

 

29,243

48,281

Creditors: Amounts falling due after more than one year

6

(37,602)

(43,800)

Accruals and deferred income

 

(2,154)

(2,675)

Net (liabilities)/assets

 

(10,513)

1,806

Capital and reserves

 

Called up share capital

8

1,000

1,000

Profit and loss account

(11,513)

806

Total equity

 

(10,513)

1,806

 

Wilding and Kent Limited

(Registration number: 01050057)
Abridged Balance Sheet as at 30 June 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 10 April 2024 and signed on its behalf by:
 

.........................................

Mrs CE Haggerty
Company secretary and director

 

Wilding and Kent Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
4-5 Ringland Centre
Newport
South Wales
NP19 9HG

The principal place of business is:
37 Christchurch Road
Newport
South Wales
NP19 8LN

These financial statements were authorised for issue by the Board on 10 April 2024.

The company number is 01050057.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Wilding and Kent Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated in the year

Plant and machinery

15% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Wilding and Kent Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

 

Wilding and Kent Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2022

20,000

33,488

121,062

174,550

At 30 June 2023

20,000

33,488

121,062

174,550

Depreciation

At 1 July 2022

19,999

26,179

117,527

163,705

Charge for the year

-

3,249

714

3,963

At 30 June 2023

19,999

29,428

118,241

167,668

Carrying amount

At 30 June 2023

1

4,060

2,821

6,882

At 30 June 2022

1

7,309

3,535

10,845

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £6,199 (2022 - £6,199).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £37,602 (2022 - £43,800).

7

Related party transactions

Key management personnel

During the year the company made unsecured, interest free, repayable on demand loans to the directors. At the balance sheet date the amount owed by the directors was £9,962 (2022 - £(100)).

Transactions with directors

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Mr SK Haggerty

Advances and Repayment

(100)

10,243

(181)

9,962

         
       

 

 

Wilding and Kent Limited

Notes to the Abridged Financial Statements for the Year Ended 30 June 2023

2022

At 1 July 2021
£

Advances to director
£

Repayments by director
£

At 30 June 2022
£

Mr SK Haggerty

Advances and Repayment

(90)

15,154

(15,164)

(100)

         
       

 




 

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000