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REGISTERED NUMBER: 09642970 (England and Wales)









A K WICKENDEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A K WICKENDEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr A Wickenden





SECRETARY: Mrs G M Wickenden





REGISTERED OFFICE: 114 High Street
Billingshurst
West Sussex
RH14 9QS





REGISTERED NUMBER: 09642970 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 263,250 283,500
Tangible assets 5 68,689 77,213
331,939 360,713

CURRENT ASSETS
Debtors 6 44,375 52,762
Cash at bank and in hand 118,103 142,285
162,478 195,047
CREDITORS
Amounts falling due within one year 7 69,188 167,515
NET CURRENT ASSETS 93,290 27,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,229

388,245

CREDITORS
Amounts falling due after more than one
year

8

(140,133

)

(154,650

)

PROVISIONS FOR LIABILITIES 10 (16,258 ) (13,824 )
NET ASSETS 268,838 219,771

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 268,738 219,671
SHAREHOLDERS' FUNDS 268,838 219,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 12 March 2024 and were signed by:





Dr A Wickenden - Director


A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)

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

1. STATUTORY INFORMATION

A K Wickenden 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 405,000
AMORTISATION
At 1 April 2022 121,500
Amortisation for year 20,250
At 31 March 2023 141,750
NET BOOK VALUE
At 31 March 2023 263,250
At 31 March 2022 283,500

A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 69,475 58,780 22,761 6,374 157,390
Additions - 9,345 - - 9,345
At 31 March 2023 69,475 68,125 22,761 6,374 166,735
DEPRECIATION
At 1 April 2022 8,269 46,225 19,491 6,192 80,177
Charge for year 1,389 15,127 1,248 105 17,869
At 31 March 2023 9,658 61,352 20,739 6,297 98,046
NET BOOK VALUE
At 31 March 2023 59,817 6,773 2,022 77 68,689
At 31 March 2022 61,206 12,555 3,270 182 77,213

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,604 48,053
Other debtors 4,771 4,709
44,375 52,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,518 13,921
Trade creditors 8,506 7,718
Taxation and social security 19,926 26,940
Other creditors 26,238 118,936
69,188 167,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 140,133 154,650

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 75,307 92,570

A K WICKENDEN LIMITED (REGISTERED NUMBER: 09642970)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 154,651 168,571

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,258 13,824

Deferred
tax
£   
Balance at 1 April 2022 13,824
Accelerated capital allowances 2,434
Balance at 31 March 2023 16,258

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
60 Ordinary A £1 60 60
30 Ordinary B £1 30 30
10 Ordinary C £1 10 10
100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is Dr A Wickenden.