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Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

The Willo Brands Company Limited

The Willo Brands Company Limited (Registered number: 13461224)

Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Willo Brands Company Limited

Company Information
for the Period 1 July 2023 to 31 March 2024







DIRECTOR: O Plunkett





REGISTERED OFFICE: Unit 10B
Speldhurst Business Park
Langton Road, Speldhurst
Tunbridge Wells
Kent
TN3 0AQ





REGISTERED NUMBER: 13461224 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

The Willo Brands Company Limited (Registered number: 13461224)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 - 2,581
- 8,581

CURRENT ASSETS
Cash at bank 23,482 18,316

CREDITORS
Amounts falling due within one year 6 1,850 2,561
NET CURRENT ASSETS 21,632 15,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,632

24,336

CAPITAL AND RESERVES
Called up share capital 7 1,045 1,045
Share premium 123,955 123,955
Retained earnings (103,368 ) (100,664 )
SHAREHOLDERS' FUNDS 21,632 24,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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.

1 the director and authorised for issue on 2 April 2024 and were signed by:





O Plunkett - Director


The Willo Brands Company Limited (Registered number: 13461224)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024


1. STATUTORY INFORMATION

The Willo Brands Company 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 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 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 2021, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

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 period was NIL (2023 - 2 ).

The Willo Brands Company Limited (Registered number: 13461224)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 7,500
Impairments (6,000 )
At 31 March 2024 1,500
AMORTISATION
At 1 July 2023
and 31 March 2024 1,500
NET BOOK VALUE
At 31 March 2024 -
At 30 June 2023 6,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 4,216
Disposals (4,216 )
At 31 March 2024 -
DEPRECIATION
At 1 July 2023 1,635
Eliminated on disposal (1,635 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 30 June 2023 2,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes - 354
Directors' current accounts - 957
Accrued expenses 1,850 1,250
1,850 2,561

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
112,400 Ordinary 1p 1,045 1,045