WILLOWTREE DESIGN ASSOCIATES LTD

Company Registration Number:
13904923 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WILLOWTREE DESIGN ASSOCIATES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

WILLOWTREE DESIGN ASSOCIATES LTD

Balance sheet

As at 31 December 2023

Notes 2023 11 months to 31 December 2022


£

£
Fixed assets
Tangible assets: 3 70,535 0
Total fixed assets: 70,535 0
Current assets
Debtors: 4 85,939 34,900
Cash at bank and in hand: 66,588 48,922
Total current assets: 152,527 83,822
Creditors: amounts falling due within one year: 5 ( 70,445 ) ( 51,369 )
Net current assets (liabilities): 82,082 32,453
Total assets less current liabilities: 152,617 32,453
Creditors: amounts falling due after more than one year: 6 ( 49,855 )
Total net assets (liabilities): 102,762 32,453
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 102,662 32,353
Total Shareholders' funds: 102,762 32,453

The notes form part of these financial statements

WILLOWTREE DESIGN ASSOCIATES LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 8 February 2024
and signed on behalf of the board by:

Name: M.J. Goodwin
Status: Director

The notes form part of these financial statements

WILLOWTREE DESIGN ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    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: Motor vehicles - over 5 years.

    Other accounting policies

    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.Pensions - Contributions to defined contribution plans are expensed in the period to which they relate.

WILLOWTREE DESIGN ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 11 months to 31 December 2022
    Average number of employees during the period 5 4

WILLOWTREE DESIGN ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0
Additions 88,169 88,169
Disposals
Revaluations
Transfers
At 31 December 2023 88,169 88,169
Depreciation
At 1 January 2023 0 0
Charge for year 17,634 17,634
On disposals
Other adjustments
At 31 December 2023 17,634 17,634
Net book value
At 31 December 2023 70,535 70,535
At 31 December 2022 0 0

WILLOWTREE DESIGN ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 11 months to 31 December 2022
£ £
Trade debtors 85,839 34,800
Other debtors 100 100
Total 85,939 34,900

WILLOWTREE DESIGN ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 11 months to 31 December 2022
£ £
Amounts due under finance leases and hire purchase contracts 13,714
Taxation and social security 32,092 32,760
Other creditors 24,639 18,609
Total 70,445 51,369

WILLOWTREE DESIGN ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023
£
Amounts due under finance leases and hire purchase contracts 49,855
Total 49,855