Registered number
12774548
WILD GRAINS LIMITED
Filleted Accounts
31 July 2023
WILD GRAINS LIMITED
Registered number: 12774548
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,664 10,683
Current assets
Debtors 4 7,611 10,641
Cash at bank and in hand 1,438 3,598
9,049 14,239
Creditors: amounts falling due within one year 5 (6,741) (18,087)
Net current assets/(liabilities) 2,308 (3,848)
Net assets 11,972 6,835
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,971 6,834
Shareholder's funds 11,972 6,835
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Harris
Director
Approved by the board on 14 February 2024
WILD GRAINS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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:
Equipment 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 7
3 Tangible fixed assets
Equipment
£
Cost
At 1 August 2022 18,002
Additions 2,203
At 31 July 2023 20,205
Depreciation
At 1 August 2022 7,319
Charge for the year 3,222
At 31 July 2023 10,541
Net book value
At 31 July 2023 9,664
At 31 July 2022 10,683
4 Debtors 2023 2022
£ £
Trade debtors 6,785 9,787
Other debtors 826 854
7,611 10,641
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,441 -
Taxation and social security costs 2,192 2,334
Other creditors 3,108 15,753
6,741 18,087
6 Other information
WILD GRAINS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Lockwood Way
London
E17 5RB
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