Company Registration No. 11475209 (England and Wales)
By The Wharfe Ltd
Unaudited accounts
for the year ended 31 July 2023
By The Wharfe Ltd
Unaudited accounts
Contents
By The Wharfe Ltd
Company Information
for the year ended 31 July 2023
Directors
Bridget Ann Deakin
Simon Hamilton Stevens
Company Number
11475209 (England and Wales)
Registered Office
Park House
Wharfemeadows Park
Otley
West Yorks
LS21 2BD
United Kingdom
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
By The Wharfe Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
514,976
532,086
Cash at bank and in hand
5,017
4,560
Creditors: amounts falling due within one year
(23,245)
(19,307)
Net current (liabilities)/assets
(4,596)
27,195
Total assets less current liabilities
510,380
559,281
Creditors: amounts falling due after more than one year
(617,113)
(622,322)
Net liabilities
(106,733)
(63,041)
Called up share capital
2
1
Profit and loss account
(106,735)
(63,042)
Shareholders' funds
(106,733)
(63,041)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2024 and were signed on its behalf by
Bridget Ann Deakin
Director
Company Registration No. 11475209
By The Wharfe Ltd
Notes to the Accounts
for the year ended 31 July 2023
By The Wharfe Ltd is a private company, limited by shares, registered in England and Wales, registration number 11475209. The registered office is Park House , Wharfemeadows Park, Otley, West Yorks, LS21 2BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight Line
Computer equipment
25% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
By The Wharfe Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
404,680
152,997
515
558,192
At 31 July 2023
404,680
158,567
515
563,762
At 1 August 2022
-
26,003
103
26,106
Charge for the year
-
22,551
129
22,680
At 31 July 2023
-
48,554
232
48,786
At 31 July 2023
404,680
110,013
283
514,976
At 31 July 2022
404,680
126,994
412
532,086
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
12,738
15,513
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,608
12,600
Trade creditors
9,317
4,889
Taxes and social security
568
950
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
121,812
128,360
Loans from directors
495,301
493,962
8
Average number of employees
During the year the average number of employees was 17 (2022: 12).