Winstanley Waste Paper Limited 03004348 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is sale of paper, card and other materials. The company ceased trading during this year. Digita Accounts Production Advanced 6.30.9574.0 true true 03004348 2023-05-01 2024-04-30 03004348 2024-04-30 03004348 core:CurrentFinancialInstruments 2024-04-30 03004348 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03004348 core:Goodwill 2024-04-30 03004348 core:FurnitureFittingsToolsEquipment 2024-04-30 03004348 core:MotorVehicles 2024-04-30 03004348 core:OtherPropertyPlantEquipment 2024-04-30 03004348 bus:SmallEntities 2023-05-01 2024-04-30 03004348 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03004348 bus:FilletedAccounts 2023-05-01 2024-04-30 03004348 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03004348 bus:RegisteredOffice 2023-05-01 2024-04-30 03004348 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 03004348 bus:Director4 2023-05-01 2024-04-30 03004348 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03004348 core:Goodwill 2023-05-01 2024-04-30 03004348 core:ComputerEquipment 2023-05-01 2024-04-30 03004348 core:FurnitureFittings 2023-05-01 2024-04-30 03004348 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 03004348 core:MotorVehicles 2023-05-01 2024-04-30 03004348 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03004348 core:PlantMachinery 2023-05-01 2024-04-30 03004348 countries:EnglandWales 2023-05-01 2024-04-30 03004348 2023-04-30 03004348 core:Goodwill 2023-04-30 03004348 core:FurnitureFittingsToolsEquipment 2023-04-30 03004348 core:MotorVehicles 2023-04-30 03004348 core:OtherPropertyPlantEquipment 2023-04-30 03004348 2022-05-01 2023-04-30 03004348 2023-04-30 03004348 core:CurrentFinancialInstruments 2023-04-30 03004348 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 03004348 core:FurnitureFittingsToolsEquipment 2023-04-30 03004348 core:MotorVehicles 2023-04-30 03004348 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 03004348

Winstanley Waste Paper Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Winstanley Waste Paper Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Winstanley Waste Paper Limited

Company Information

Directors

Mrs S Johnson

Mr CJ Winstanley

Company secretary

Mrs S Johnson

Registered office

Bickershaw Hall Farm
Bickershaw Lane Bickershaw
Abram Wigan
Lancashire
WN2 4AA

Accountants

EKWilliams Accountants Limited
1 Pavilion Square
Westhoughton
Bolton
BL5 3AJ

 

Winstanley Waste Paper Limited

(Registration number: 03004348)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

3,943

Current assets

 

Stocks

-

410

Debtors

6

-

8,732

Cash at bank and in hand

 

-

4,656

 

-

13,798

Creditors: Amounts falling due within one year

7

(27,100)

(30,085)

Net current liabilities

 

(27,100)

(16,287)

Total assets less current liabilities

 

(27,100)

(12,344)

Provisions for liabilities

-

(1,839)

Net liabilities

 

(27,100)

(14,183)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(27,200)

(14,283)

Shareholders' deficit

 

(27,100)

(14,183)

 

Winstanley Waste Paper Limited

(Registration number: 03004348)
Balance Sheet as at 30 April 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Mrs S Johnson
Company secretary and director

.........................................
Mr CJ Winstanley
Director

 

Winstanley Waste Paper Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bickershaw Hall Farm
Bickershaw Lane Bickershaw
Abram Wigan
Lancashire
WN2 4AA

These financial statements were authorised for issue by the Board on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders that they will continue to give financial support to the company for twelve months from the date of signing these accounts.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above may not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

 

Winstanley Waste Paper Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% straight line method

Computer Equipment

25% straight line method

Fixtures & Fittings

25% straight line method

Motor Vehicles

25% reducing balance method

 

Winstanley Waste Paper Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

25% reducing balance method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Winstanley Waste Paper Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

15,334

15,334

Disposals

(15,334)

(15,334)

At 30 April 2024

-

-

Amortisation

At 1 May 2023

15,334

15,334

Amortisation eliminated on disposals

(15,334)

(15,334)

At 30 April 2024

-

-

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

1,181

4,400

214,613

220,194

Additions

(1,181)

(4,400)

-

(5,581)

Disposals

-

-

(214,613)

(214,613)

At 30 April 2024

-

-

-

-

Depreciation

At 1 May 2023

1,181

3,617

211,453

216,251

Eliminated on disposal

(1,181)

(3,617)

(211,453)

(216,251)

At 30 April 2024

-

-

-

-

Carrying amount

At 30 April 2024

-

-

-

-

At 30 April 2023

-

783

3,160

3,943

 

Winstanley Waste Paper Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

2,303

Prepayments

-

4,079

Other debtors

-

2,350

 

-

8,732

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

5,035

Taxation and social security

-

5,970

Accruals and deferred income

-

1,380

Other creditors

27,100

17,700

27,100

30,085