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REGISTERED NUMBER: 09705242 (England and Wales)















WB Wales S.W Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






WB Wales S.W Limited (Registered number: 09705242)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WB Wales S.W Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J Grant
A J Griffiths





SECRETARY: J Grant





REGISTERED OFFICE: Parkfield
Cot Hill
Llanwern
Newport
NP18 2DP





REGISTERED NUMBER: 09705242 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

WB Wales S.W Limited (Registered number: 09705242)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 34,199 45,546
44,199 60,546

CURRENT ASSETS
Debtors 6 13,326 18,541
Cash at bank 48,546 97,495
61,872 116,036
CREDITORS
Amounts falling due within one year 7 41,749 102,505
NET CURRENT ASSETS 20,123 13,531
TOTAL ASSETS LESS CURRENT LIABILITIES 64,322 74,077

CREDITORS
Amounts falling due after more than one year 8 (19,043 ) (28,466 )

PROVISIONS FOR LIABILITIES (6,498 ) (8,654 )
NET ASSETS 38,781 36,957

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,779 36,955
SHAREHOLDERS' FUNDS 38,781 36,957

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.

WB Wales S.W Limited (Registered number: 09705242)

Balance Sheet - 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 15 January 2024 and were signed on its behalf by:





A J Griffiths - Director


WB Wales S.W Limited (Registered number: 09705242)

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

1. STATUTORY INFORMATION

WB Wales S.W 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Swimming lesson income is included in turnover on the date of the lesson. Lessons paid in advance are included in deferred income in creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 8 (2022 - 8 ) .

WB Wales S.W Limited (Registered number: 09705242)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 50,000
AMORTISATION
At 1 August 2022 35,000
Charge for year 5,000
At 31 July 2023 40,000
NET BOOK VALUE
At 31 July 2023 10,000
At 31 July 2022 15,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 - 44,208 1,682 45,890
Additions 330 - - 330
At 31 July 2023 330 44,208 1,682 46,220
DEPRECIATION
At 1 August 2022 - - 344 344
Charge for year 69 11,052 556 11,677
At 31 July 2023 69 11,052 900 12,021
NET BOOK VALUE
At 31 July 2023 261 33,156 782 34,199
At 31 July 2022 - 44,208 1,338 45,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 13,326 18,541

WB Wales S.W Limited (Registered number: 09705242)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,645 9,867
Trade creditors 2,378 5,811
Taxation and social security 11,182 -
Other creditors 18,544 86,827
41,749 102,505

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 19,043 28,466

9. RELATED PARTY DISCLOSURES

During the year, the company had transactions with a company under common control. At the balance sheet date, the balance of £13,326 was included in debtors (2022:creditor of £56,636).