15 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02495691 2023-05-01 2024-04-30 02495691 2024-04-30 02495691 2023-04-30 02495691 2022-05-01 2023-04-30 02495691 2023-04-30 02495691 2022-04-30 02495691 core:PlantMachinery 2023-05-01 2024-04-30 02495691 bus:RegisteredOffice 2023-05-01 2024-04-30 02495691 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 02495691 bus:Director1 2023-05-01 2024-04-30 02495691 bus:CompanySecretary1 2023-05-01 2024-04-30 02495691 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 02495691 core:PlantMachinery 2023-04-30 02495691 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 02495691 core:PlantMachinery 2024-04-30 02495691 core:WithinOneYear 2024-04-30 02495691 core:WithinOneYear 2023-04-30 02495691 core:AfterOneYear 2024-04-30 02495691 core:AfterOneYear 2023-04-30 02495691 core:ShareCapital 2024-04-30 02495691 core:ShareCapital 2023-04-30 02495691 core:SharePremium 2024-04-30 02495691 core:SharePremium 2023-04-30 02495691 core:RetainedEarningsAccumulatedLosses 2024-04-30 02495691 core:RetainedEarningsAccumulatedLosses 2023-04-30 02495691 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-04-30 02495691 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 02495691 core:PlantMachinery 2023-04-30 02495691 bus:SmallEntities 2023-05-01 2024-04-30 02495691 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02495691 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02495691 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02495691 bus:FullAccounts 2023-05-01 2024-04-30
Company registration number: 02495691
Winslow Limited
Unaudited filleted financial statements
30 April 2024
Winslow Limited
Contents
Directors and other information
Director's report
Accountant's report
Statement of financial position
Notes to the financial statements
Winslow Limited
Directors and other information
Director David Stolz
Secretary David Stolz
Company number 02495691
Registered office Northampton Road
Rushden
Northamptonshire
NN10 6AP
Accountant Jenner Accountants Limited
1 South House
Bond Avenue
Milton Keynes
Buckinghamshire
MK1 1SW
Winslow Limited
Director's report
Year ended 30 April 2024
The director presents his report and the unaudited financial statements of the company for the year ended 30 April 2024.
Director
The director who served the company during the year was as follows:
David Stolz
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 02 August 2024 and signed on behalf of the board by:
David Stolz
Director
Winslow Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Winslow Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Winslow Limited for the year ended 30 April 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Winslow Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Winslow Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Winslow Limited and its director as a body for my work or for this report.
It is your duty to ensure that Winslow Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Winslow Limited. You consider that Winslow Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Winslow Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Jenner Accountants Limited
Chartered Accountants
1 South House
Bond Avenue
Milton Keynes
Buckinghamshire
MK1 1SW
2 August 2024
Winslow Limited
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 125,464 142,211
_______ _______
125,464 142,211
Current assets
Stocks 543,987 547,782
Debtors 6 234,130 324,804
Cash at bank and in hand 21,855 185,780
_______ _______
799,972 1,058,366
Creditors: amounts falling due
within one year 7 ( 594,324) ( 605,242)
_______ _______
Net current assets 205,648 453,124
_______ _______
Total assets less current liabilities 331,112 595,335
Creditors: amounts falling due
after more than one year 8 ( 194,870) ( 220,481)
Provisions for liabilities ( 8,508) ( 5,698)
_______ _______
Net assets 127,734 369,156
_______ _______
Capital and reserves
Called up share capital 170,000 170,000
Share premium account 95,000 95,000
Profit and loss account ( 137,266) 104,156
_______ _______
Shareholders funds 127,734 369,156
_______ _______
For the year ending 30 April 2024 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 August 2024 , and are signed on behalf of the board by:
David Stolz
Director
Company registration number: 02495691
Winslow Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Northampton Road, Rushden, Northamptonshire, NN10 6AP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Long leasehold property - over the life of the lease
Plant and machinery - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 15 ).
5. Tangible assets
Long leasehold property Plant and machinery Total
£ £ £
Cost
At 1 May 2023 and 30 April 2024 250,856 253,515 504,371
_______ _______ _______
Depreciation
At 1 May 2023 161,326 200,834 362,160
Charge for the year 8,844 7,903 16,747
_______ _______ _______
At 30 April 2024 170,170 208,737 378,907
_______ _______ _______
Carrying amount
At 30 April 2024 80,686 44,778 125,464
_______ _______ _______
At 30 April 2023 89,530 52,681 142,211
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 41,734 125,337
Other debtors 192,396 199,467
_______ _______
234,130 324,804
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 499,405 478,400
Trade creditors 60,988 57,566
Corporation tax - 2,810
Social security and other taxes 20,469 43,406
Other creditors 13,462 23,060
_______ _______
594,324 605,242
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 194,870 220,481
_______ _______
The bank have a floating charge over the assets of the company. Stocking finance is secured on individual motor vehicles.
9. Controlling party
The parent company is Wilson Investments (2203) Limited, a company incorporated in England & Wales.