IRIS Accounts Production v24.2.0.383 05695283 director 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056952832023-02-28056952832024-02-29056952832023-03-012024-02-29056952832022-02-28056952832022-03-012023-02-28056952832023-02-2805695283ns15:EnglandWales2023-03-012024-02-2905695283ns14:PoundSterling2023-03-012024-02-2905695283ns10:Director12023-03-012024-02-2905695283ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905695283ns10:SmallEntities2023-03-012024-02-2905695283ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905695283ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905695283ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905695283ns10:AbridgedAccounts2023-03-012024-02-2905695283ns10:OrdinaryShareClass12023-03-012024-02-2905695283ns10:RegisteredOffice2023-03-012024-02-2905695283ns5:CurrentFinancialInstruments2024-02-2905695283ns5:CurrentFinancialInstruments2023-02-2805695283ns5:Non-currentFinancialInstruments2024-02-2905695283ns5:Non-currentFinancialInstruments2023-02-2805695283ns5:ShareCapital2024-02-2905695283ns5:ShareCapital2023-02-2805695283ns5:RetainedEarningsAccumulatedLosses2024-02-2905695283ns5:RetainedEarningsAccumulatedLosses2023-02-2805695283ns10:OrdinaryShareClass12024-02-29056952831ns10:Director12023-02-28056952831ns10:Director12022-02-28056952831ns10:Director12023-03-012024-02-29056952831ns10:Director12022-03-012023-02-28056952831ns10:Director12024-02-29056952831ns10:Director12023-02-28
REGISTERED NUMBER: 05695283 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Wolfson Electrostatics Limited

Wolfson Electrostatics Limited (Registered number: 05695283)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wolfson Electrostatics Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: G L Hearn





REGISTERED OFFICE: 132A Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AL





REGISTERED NUMBER: 05695283 (England and Wales)





ACCOUNTANTS: Northover & Co Accountants Ltd
132A Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Wolfson Electrostatics Limited (Registered number: 05695283)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,576 10,105
Investment property 5 13,864 13,864
22,440 23,969

CURRENT ASSETS
Debtors 26,412 23,545
Cash at bank 135,529 140,499
161,941 164,044
CREDITORS
Amounts falling due within one year 5,435 1,946
NET CURRENT ASSETS 156,506 162,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,946

186,067

CREDITORS
Amounts falling due after more than one
year

3,333

(1,667

)
NET ASSETS 175,613 187,734

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 175,513 187,634
SHAREHOLDERS' FUNDS 175,613 187,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Wolfson Electrostatics Limited (Registered number: 05695283)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





G L Hearn - Director


Wolfson Electrostatics Limited (Registered number: 05695283)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Wolfson Electrostatics 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.

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 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Wolfson Electrostatics Limited (Registered number: 05695283)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 39,211
Additions 154
At 29 February 2024 39,365
DEPRECIATION
At 1 March 2023 29,106
Charge for year 1,683
At 29 February 2024 30,789
NET BOOK VALUE
At 29 February 2024 8,576
At 28 February 2023 10,105

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 13,864
NET BOOK VALUE
At 29 February 2024 13,864
At 28 February 2023 13,864

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
G L Hearn
Balance outstanding at start of year 12,545 (56 )
Amounts advanced 14,345 28,601
Amounts repaid (12,600 ) (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,290 12,545