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REGISTERED NUMBER: 09124467 (England and Wales)












WIND IN THE WILLOWS (PORTSMOUTH) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






WIND IN THE WILLOWS (PORTSMOUTH) LTD (REGISTERED NUMBER: 09124467)

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


WIND IN THE WILLOWS (PORTSMOUTH) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K M Potter
K A Cooper





REGISTERED OFFICE: Wind In The Willows
Hester Road
Southsea
Portsmouth
England
PO4 8HB





REGISTERED NUMBER: 09124467 (England and Wales)

WIND IN THE WILLOWS (PORTSMOUTH) LTD (REGISTERED NUMBER: 09124467)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 18,150 22,435

CURRENT ASSETS
Debtors 5 159,307 118,058
Cash at bank 235,935 162,852
395,242 280,910
CREDITORS
Amounts falling due within one year 6 (99,580 ) (41,057 )
NET CURRENT ASSETS 295,662 239,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,812

262,288

CREDITORS
Amounts falling due after more than one
year

7

-

(3,154

)

PROVISIONS FOR LIABILITIES (4,537 ) (4,263 )
NET ASSETS 309,275 254,871

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 309,273 254,869
309,275 254,871

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.

WIND IN THE WILLOWS (PORTSMOUTH) LTD (REGISTERED NUMBER: 09124467)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by K Potter and K Cooper the Board of Directors and authorised for issue on 10 March 2024 and were signed on its behalf by:





K M Potter - Director


WIND IN THE WILLOWS (PORTSMOUTH) LTD (REGISTERED NUMBER: 09124467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Wind in the Willows (Portsmouth) Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% Reducing balance
Fixtures and fittings - 15% Reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

WIND IN THE WILLOWS (PORTSMOUTH) LTD (REGISTERED NUMBER: 09124467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 August 2022 3,943 35,735 2,116 41,794
Additions 883 726 1,164 2,773
At 31 July 2023 4,826 36,461 3,280 44,567
DEPRECIATION
At 1 August 2022 1,420 17,002 937 19,359
Charge for year 609 5,471 978 7,058
At 31 July 2023 2,029 22,473 1,915 26,417
NET BOOK VALUE
At 31 July 2023 2,797 13,988 1,365 18,150
At 31 July 2022 2,523 18,733 1,179 22,435

WIND IN THE WILLOWS (PORTSMOUTH) LTD (REGISTERED NUMBER: 09124467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 89,482 38,202
Other debtors 69,825 79,856
159,307 118,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 36,216 40,977
Other creditors 63,364 80
99,580 41,057

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Other creditors - 3,154

8. LEASING AGREEMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £141,750 (2022 - £166,750)

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year advances totalling £85,851 (2022 - £95,859) were made to the company's directors. £94,881 (2022 - £88,028) were repaid prior to the year end. The balance owed by the company to the directors at the year end was £12,816 (2022 - £3,156). The advances are repayable on demand.