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COMPANY REGISTRATION NUMBER: 01183015
Richard Wilson (Dencol) Limited
Filleted Unaudited Financial Statements
31 October 2023
Richard Wilson (Dencol) Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
20,210
5,210
Cash at bank and in hand
1,079
1,950
--------
-------
21,289
7,160
Creditors: amounts falling due within one year
5
144
144
--------
-------
Net current assets
21,145
7,016
--------
-------
Total assets less current liabilities
21,145
7,016
--------
-------
Richard Wilson (Dencol) Limited
Statement of Financial Position (continued)
31 October 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
6,300
6,300
Profit and loss account
14,845
716
--------
-------
Shareholders funds
21,145
7,016
--------
-------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 25 July 2024 , and are signed on behalf of the board by:
Mrs E M Hudson
Director
Company registration number: 01183015
Richard Wilson (Dencol) Limited
Notes to the Financial Statements
Year ended 31 October 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 Westland Square, Leeds, West Yorkshire, LS11 5SS.
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 the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
4. Debtors
2023
2022
£
£
Trade debtors
5,000
Other debtors
15,210
5,210
--------
-------
20,210
5,210
--------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
144
144
----
----
6. Directors' advances, credits and guarantees
The directors loan account remained in credit throughout the current year. There were no guarantees in the year.
7. Related party transactions
No other transactions with related parties were undertaken such are required to be disclosed under Financial Reporting Standard 102.