Registered number
00753480
Wards (Chislehurst) Limited
Filleted Accounts
31 March 2024
Mattison & Co
Accountants
70 High Street
Chislehurst
Kent
BR7 5AQ
Wards (Chislehurst) Limited
Registered number: 00753480
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 71,954 73,026
Current assets
Debtors 4 314,025 177,783
Cash at bank and in hand 160,371 214,867
474,396 392,650
Creditors: amounts falling due within one year 5 (115,817) (76,975)
Net current assets 358,579 315,675
Net assets 430,533 388,701
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 428,533 386,701
Shareholders' funds 430,533 388,701
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W E G Ward
Director
Approved by the board on 8 August 2024
Wards (Chislehurst) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and rental income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Freehold property 1% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 88,052 20,951 109,003
At 31 March 2024 88,052 20,951 109,003
Depreciation
At 1 April 2023 22,691 13,286 35,977
Charge for the year 882 190 1,072
At 31 March 2024 23,573 13,476 37,049
Net book value
At 31 March 2024 64,479 7,475 71,954
At 31 March 2023 65,361 7,665 73,026
4 Debtors 2024 2023
£ £
Trade debtors 4,561 4,319
Loans 290,000 155,000
Other debtors 19,464 18,464
314,025 177,783
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 10,122 10,679
Other creditors 3,124 3,125
Deposits 1,200 1,200
Directors accounts 101,371 61,971
115,817 76,975
6 Related party transactions
The company has a debtor balance of £290,000 in the year which represents a loan made to Wardlets Limited, a company under common control.
7 Other information
Wards (Chislehurst) Limited is a private company limited by shares and incorporated in England. Its registered office is:
70 High Street
Chislehurst
Kent
BR7 5AQ
Wards (Chislehurst) Limited 00753480 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 W E G Ward No description of principal activity 00753480 2022-04-01 2023-03-31 00753480 core:WithinOneYear 2023-03-31 00753480 core:ShareCapital 2023-03-31 00753480 core:RetainedEarningsAccumulatedLosses 2023-03-31 00753480 2023-04-01 2024-03-31 00753480 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00753480 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00753480 bus:Director40 2023-04-01 2024-03-31 00753480 core:LandBuildings 2023-04-01 2024-03-31 00753480 core:PlantMachinery 2023-04-01 2024-03-31 00753480 countries:England 2023-04-01 2024-03-31 00753480 bus:FRS102 2023-04-01 2024-03-31 00753480 bus:FilletedAccounts 2023-04-01 2024-03-31 00753480 2024-03-31 00753480 core:WithinOneYear 2024-03-31 00753480 core:ShareCapital 2024-03-31 00753480 core:RetainedEarningsAccumulatedLosses 2024-03-31 00753480 core:LandBuildings 2024-03-31 00753480 core:PlantMachinery 2024-03-31 00753480 2023-03-31 00753480 core:LandBuildings 2023-03-31 00753480 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure