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Registered Number: 06609928
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

C & I WADE LIMITED

Director Ian Wade
Registered Number 06609928
Registered Office North Mount Farm East
Pinfold Lane
Bridlington
East Yorkshire
YO16 5XU
Accountants J W Smith & Co Ltd - Bridlington
Eaglehurst
12 Quay Road
Bridlington
East Yorkshire
YO15 2AD
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 4,377,870    3,935,492 
4,377,870    3,935,492 
Current assets      
Stocks 4 511,134    480,356 
Debtors 5 356,780    337,013 
Cash at bank and in hand 128,933    469,980 
996,847    1,287,349 
Creditors: amount falling due within one year 6 (547,439)   (705,423)
Net current assets 449,408    581,926 
 
Total assets less current liabilities 4,827,278    4,517,418 
Creditors: amount falling due after more than one year 7 (1,335,256)   (1,521,306)
Net assets 3,492,022    2,996,112 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 3,491,922    2,996,012 
Shareholders' funds 3,492,022    2,996,112 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 14 August 2024 and were signed by:


-------------------------------
Ian Wade
Director
2
General Information
C & I Wade Limited is a private company, limited by shares, registered in England and Wales, registration number 06609928, registration address North Mount Farm East , Pinfold Lane , Bridlington, East Yorkshire, YO16 5XU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Straight Line
Plant and Machinery 10% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2023 1,180,207    3,291,182    65,265    3,598    4,540,252 
Additions   1,859,306        1,859,306 
Disposals   (1,266,311)       (1,266,311)
At 31 March 2024 1,180,207    3,884,177    65,265    3,598    5,133,247 
Depreciation
At 01 April 2023   563,024    38,172    3,564    604,760 
Charge for year   362,869    13,372    35    376,276 
On disposals   (225,659)       (225,659)
At 31 March 2024   700,234    51,544    3,599    755,377 
Net book values
Closing balance as at 31 March 2024 1,180,207    3,183,943    13,721    (1)   4,377,870 
Opening balance as at 01 April 2023 1,180,207    2,728,158    27,093    34    3,935,492 


4.

Stocks

2024
£
  2023
£
Stocks 511,134    480,356 
511,134    480,356 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 286,245    199,051 
Prepayments & Accrued Income 70,535    63,395 
Other Debtors   16,887 
VAT   57,680 
356,780    337,013 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 104,432    210,835 
PAYE & Social Security 2,290    8,624 
Other Creditors 24,206    27,276 
Obligations under HP/Financial Leases 315,908    284,217 
Directors' Current Accounts 94,452    174,471 
VAT 6,151   
547,439    705,423 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 987,743    1,028,707 
Obligations Under HP/Financial Leases 347,513    492,599 
1,335,256    1,521,306 

3