3 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 10,535 9,422 111 9,533 1,002 1,113 xbrli:pure xbrli:shares iso4217:GBP 01556472 2022-10-01 2023-09-30 01556472 2023-09-30 01556472 2022-09-30 01556472 2021-10-01 2022-09-30 01556472 2022-09-30 01556472 core:PlantMachinery 2022-10-01 2023-09-30 01556472 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 01556472 bus:Director1 2022-10-01 2023-09-30 01556472 core:WithinOneYear 2023-09-30 01556472 core:WithinOneYear 2022-09-30 01556472 core:PlantMachinery 2022-09-30 01556472 core:PlantMachinery 2023-09-30 01556472 core:AfterOneYear 2023-09-30 01556472 core:AfterOneYear 2022-09-30 01556472 core:ShareCapital 2023-09-30 01556472 core:ShareCapital 2022-09-30 01556472 core:RetainedEarningsAccumulatedLosses 2023-09-30 01556472 core:RetainedEarningsAccumulatedLosses 2022-09-30 01556472 core:BetweenOneFiveYears 2023-09-30 01556472 core:BetweenOneFiveYears 2022-09-30 01556472 core:PlantMachinery 2022-09-30 01556472 bus:SmallEntities 2022-10-01 2023-09-30 01556472 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 01556472 bus:FullAccounts 2022-10-01 2023-09-30 01556472 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 01556472 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01556472 bus:OrdinaryShareClass1 2023-09-30 01556472 bus:OrdinaryShareClass1 2022-09-30
COMPANY REGISTRATION NUMBER: 01556472
W CARTWRIGHT & SON LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
W CARTWRIGHT & SON LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
W CARTWRIGHT & SON LIMITED
BALANCE SHEET
30 September 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,002
1,113
Current assets
Stocks
6
7,310
11,065
Debtors
7
1,903
1,672
Cash at bank and in hand
193
193
------------
------------
9,406
12,930
Creditors: amounts falling due within one year
8
25,741
25,405
------------
------------
Net current liabilities
16,335
12,475
------------
------------
Total assets less current liabilities
( 15,333)
( 11,362)
Creditors: amounts falling due after more than one year
9
4,000
6,400
------------
------------
Net liabilities
( 19,333)
( 17,762)
------------
------------
Capital and reserves
Called up share capital
10
1,000
1,000
Profit and loss account
( 20,333)
( 18,762)
------------
------------
Shareholders deficit
( 19,333)
( 17,762)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:
P F Cartwright
Director
Company registration number: 01556472
W CARTWRIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 14 Market Walk, Huddersfield, West Yorkshire, HD1 2QA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared upon the going concern concept which is reliant upon the continued support of the company's creditors.
Revenue recognition
Turnover represents the value of goods sold and services provided net of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Tools and equipment
-
10% reducing balance
Stocks
Stocks are stated at the lower of cost and net realisable value.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 5 ).
5. Tangible assets
Tools and equipment
Total
£
£
Cost
At 1 October 2022 and 30 September 2023
10,535
10,535
------------
------------
Depreciation
At 1 October 2022
9,422
9,422
Charge for the year
111
111
------------
------------
At 30 September 2023
9,533
9,533
------------
------------
Carrying amount
At 30 September 2023
1,002
1,002
------------
------------
At 30 September 2022
1,113
1,113
------------
------------
6. Stocks
2023
2022
£
£
Raw materials and consumables
7,310
11,065
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
670
458
Prepayments and accrued income
1,233
1,214
------------
------------
1,903
1,672
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,728
4,542
Accruals and deferred income
2,867
4,489
Social security and other taxes
6,715
5,542
Director loan accounts
5,000
5,000
Other creditors
7,431
5,832
------------
------------
25,741
25,405
------------
------------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,000
6,400
------------
------------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
------------
------------
------------
------------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
3,384
3,384
Later than 1 year and not later than 5 years
2,538
5,920
------------
------------
5,922
9,304
------------
------------
12. Related party transactions
Transactions with directors A director's loan account of £5,000 (2022: £5,000)is included in creditors. Other creditors include a balance of £5,701 (2022: £5,701) comprising a loan provided to the company by P J Cartwright a former director. The loan is unsecured, repayable on demand and currently interest free. Control of the company The company is controlled by the director.