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REGISTERED NUMBER: 07420725 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

WHOLEMEAL SYSTEMS LTD

WHOLEMEAL SYSTEMS LTD (REGISTERED NUMBER: 07420725)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHOLEMEAL SYSTEMS LTD

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Mrs T L Eden
G L Eden





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark on Trent
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 07420725 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

WHOLEMEAL SYSTEMS LTD (REGISTERED NUMBER: 07420725)

BALANCE SHEET
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,173 4,102

CURRENT ASSETS
Stocks - 6,528
Debtors 5 10,816 8,106
Cash at bank 8,234 1,489
19,050 16,123
CREDITORS
Amounts falling due within one year 6 23,874 19,199
NET CURRENT LIABILITIES (4,824 ) (3,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,349

1,026

PROVISIONS FOR LIABILITIES 7 1,173 779
NET ASSETS 176 247

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 76 147
SHAREHOLDERS' FUNDS 176 247

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

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

WHOLEMEAL SYSTEMS LTD (REGISTERED NUMBER: 07420725)

BALANCE SHEET - continued
31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





G L Eden - Director


WHOLEMEAL SYSTEMS LTD (REGISTERED NUMBER: 07420725)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Wholemeal Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

3. EMPLOYEES AND DIRECTORS

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

WHOLEMEAL SYSTEMS LTD (REGISTERED NUMBER: 07420725)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2022 4,268 17,509 21,777
Additions - 3,696 3,696
At 31st October 2023 4,268 21,205 25,473
DEPRECIATION
At 1st November 2022 3,797 13,878 17,675
Charge for year 118 1,507 1,625
At 31st October 2023 3,915 15,385 19,300
NET BOOK VALUE
At 31st October 2023 353 5,820 6,173
At 31st October 2022 471 3,631 4,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 262 -
Other debtors 1,033 2,329
Directors' current accounts 9,487 5,713
Prepayments 34 64
10,816 8,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 405 78
Tax 5,356 2,799
Social security and other taxes 2,738 977
Accrued expenses 15,375 15,345
23,874 19,199

7. PROVISIONS FOR LIABILITIES
31/10/23 31/10/22
£    £   
Deferred tax 1,173 779

WHOLEMEAL SYSTEMS LTD (REGISTERED NUMBER: 07420725)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2022 779
Accelerated capital allowances 394
Balance at 31st October 2023 1,173

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G L Eden.