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REGISTERED NUMBER: 11383950 (England and Wales)



Financial Statements for the Year Ended 31 December 2023

for

Willy & Dilly Ltd

Willy & Dilly Ltd (Registered number: 11383950)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willy & Dilly Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr T Suleyman
Mr M Suleyman





REGISTERED OFFICE: 3rd Floor
9 Hatton Street
London
NW8 8PL





REGISTERED NUMBER: 11383950 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Willy & Dilly Ltd (Registered number: 11383950)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,631 2,788
Tangible assets 5 - 237
1,631 3,025

CURRENT ASSETS
Stocks 67,654 67,850
Debtors 6 577 861
Cash at bank 7,286 7,782
75,517 76,493
CREDITORS
Amounts falling due within one year 7 (1,647 ) (1,848 )
NET CURRENT ASSETS 73,870 74,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,501

77,670

CREDITORS
Amounts falling due after more than one year 8 (220,582 ) (206,941 )
NET LIABILITIES (145,081 ) (129,271 )

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 (145,281 ) (129,471 )
SHAREHOLDERS' FUNDS (145,081 ) (129,271 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Willy & Dilly Ltd (Registered number: 11383950)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





Mr T Suleyman - Director


Willy & Dilly Ltd (Registered number: 11383950)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Willy & Dilly 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Website costs are being amortised evenly over their estimated useful life of four years.

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 - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Willy & Dilly Ltd (Registered number: 11383950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Going concern
The director has considered the Company's objective, risk management policies, liquidity risk, credit risk, capital management policies and procedures, the nature of its market positioning and its expenditure and cash flow projections. As a result of this review and in light of the support from its connected companies, the directors have conducted that the Company has adequate and reliable resources to continue to adopt a going concern basis in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 6,636
AMORTISATION
At 1 January 2023 3,848
Charge for year 1,157
At 31 December 2023 5,005
NET BOOK VALUE
At 31 December 2023 1,631
At 31 December 2022 2,788

Willy & Dilly Ltd (Registered number: 11383950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 35,357
DEPRECIATION
At 1 January 2023 35,120
Charge for year 237
At 31 December 2023 35,357
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 237

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 577 861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 379 776
Other creditors 1,268 1,072
1,647 1,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 220,582 206,941

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
200 Ordinary £1 200 200

Willy & Dilly Ltd (Registered number: 11383950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. RESERVES
Retained
earnings
£   

At 1 January 2023 (129,471 )
Deficit for the year (15,810 )
At 31 December 2023 (145,281 )