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Wild Creations Limited

Financial Statements for the Year Ended 30 April 2024






Wild Creations Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M P Wild





SECRETARIES: M P Wild
S J Wild





REGISTERED OFFICE: Unit 70
Portmanmoor Road Industrial Estate
Cardiff
CF24 5HB





REGISTERED NUMBER: 07229280 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Wild Creations Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wild Creations Limited for the year ended 30 April 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Wild Creations Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wild Creations Limited and state those matters that we have agreed to state to the director of Wild Creations Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wild Creations Limited and its director for our work or for this report.

It is your duty to ensure that Wild Creations 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 profit of Wild Creations Limited. You consider that Wild Creations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wild Creations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


30 July 2024

Wild Creations Limited (Registered number: 07229280)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 398,700 383,894

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 4 2,348,863 1,044,840
Cash at bank and in hand 33,410 98,133
2,432,273 1,192,973
CREDITORS
Amounts falling due within one year 5 1,755,636 643,707
NET CURRENT ASSETS 676,637 549,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,337

933,160

CREDITORS
Amounts falling due after more than
one year

6

(277,846

)

(158,347

)

PROVISIONS FOR DEFERRED TAX (90,000 ) (85,200 )
NET ASSETS 707,491 689,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 707,391 689,513
SHAREHOLDERS' FUNDS 707,491 689,613

Wild Creations Limited (Registered number: 07229280)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





M P Wild - Director


Wild Creations Limited (Registered number: 07229280)

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


1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the lease term of 10 years
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Office equipmt - 33% reducing balance

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 Profit & Loss Account, 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.

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.

Wild Creations Limited (Registered number: 07229280)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


1. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 33 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 170,371 511,109 5,670
Additions 7,327 76,031 7,481
At 30 April 2024 177,698 587,140 13,151
DEPRECIATION
At 1 May 2023 42,831 329,534 3,421
Charge for year 16,132 60,766 725
At 30 April 2024 58,963 390,300 4,146
NET BOOK VALUE
At 30 April 2024 118,735 196,840 9,005
At 30 April 2023 127,540 181,575 2,249

Wild Creations Limited (Registered number: 07229280)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipmt Totals
£    £    £   
COST
At 1 May 2023 96,024 87,785 870,959
Additions 3,400 21,991 116,230
At 30 April 2024 99,424 109,776 987,189
DEPRECIATION
At 1 May 2023 47,381 63,898 487,065
Charge for year 12,292 11,509 101,424
At 30 April 2024 59,673 75,407 588,489
NET BOOK VALUE
At 30 April 2024 39,751 34,369 398,700
At 30 April 2023 48,643 23,887 383,894

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,760,404 669,162
Amounts recoverable on contract 367,000 270,000
Other debtors & prepayments 221,459 105,678
2,348,863 1,044,840

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 30,921 28,079
Trade creditors 419,944 197,642
Amounts owed to group undertakings 524,200 24,200
Taxes & social security costs 284,515 161,469
Other creditors & accruals 496,056 232,317
1,755,636 643,707

Wild Creations Limited (Registered number: 07229280)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,211 70,132
Other creditors 238,635 88,215
277,846 158,347

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 70,132 98,211

The hire purchase contracts are secured over the assets to which they relate.