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REGISTERED NUMBER: 03606136 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

WYSALL PLOUGH LIMITED

WYSALL PLOUGH LIMITED (REGISTERED NUMBER: 03606136)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYSALL PLOUGH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mr M Edge
Mrs P C Edge





REGISTERED OFFICE: First Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 03606136 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

WYSALL PLOUGH LIMITED (REGISTERED NUMBER: 03606136)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 311,059 312,210
311,059 312,210

CURRENT ASSETS
Stocks 6,250 4,750
Debtors 6 2,107 3,175
Cash at bank and in hand 112,010 269,560
120,367 277,485
CREDITORS
Amounts falling due within one year 7 169,714 341,359
NET CURRENT LIABILITIES (49,347 ) (63,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,712

248,336

PROVISIONS FOR LIABILITIES 3,807 2,807
NET ASSETS 257,905 245,529

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 256,905 244,529
SHAREHOLDERS' FUNDS 257,905 245,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

WYSALL PLOUGH LIMITED (REGISTERED NUMBER: 03606136)

BALANCE SHEET - continued
30TH NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2024 and were signed on its behalf by:




Mr M Edge - Director



Mrs P C Edge - Director


WYSALL PLOUGH LIMITED (REGISTERED NUMBER: 03606136)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Wysall Plough Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, excluding value added tax. The Company has identified delivery of goods as its critical event, as the right to consideration does not arise until this is fulfilled, revenue is not recognised until that event occurs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, was amortised
evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the depreciation would not be material and is therefore not charged in the profit and loss account. The directors perform an annual impairment review in accordance with the requirements of FRS 102 (section 1a) to ensure that the recoverable amount is not less than the carrying value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


WYSALL PLOUGH LIMITED (REGISTERED NUMBER: 03606136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 33,000
AMORTISATION
At 1st December 2022
and 30th November 2023 33,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

WYSALL PLOUGH LIMITED (REGISTERED NUMBER: 03606136)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 289,933 111,132 162,338 7,348 570,751
Additions - - 2,632 - 2,632
At 30th November 2023 289,933 111,132 164,970 7,348 573,383
DEPRECIATION
At 1st December 2022 - 111,132 141,056 6,353 258,541
Charge for year - - 3,265 518 3,783
At 30th November 2023 - 111,132 144,321 6,871 262,324
NET BOOK VALUE
At 30th November 2023 289,933 - 20,649 477 311,059
At 30th November 2022 289,933 - 21,282 995 312,210

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,107 3,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,766 30,260
Taxation and social security 29,454 32,630
Other creditors 119,494 278,469
169,714 341,359