Registered number
01475020
Waycott Bros (Holdings) Limited
Accounts
For the Year Ended
31 December 2023
Oakensen
Chartered Accountants
Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Waycott Bros (Holdings) Limited
Registered number: 01475020
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 343,088 343,088
Investments 4 73,419 73,419
416,507 416,507
Current assets
Debtors 5 70,624 64,918
Cash at bank and in hand 48,278 59,325
118,902 124,243
Creditors: amounts falling due within one year 6 (5,060) (11,768)
Net current assets 113,842 112,475
Total assets less current liabilities 530,349 528,982
Creditors: amounts falling due after more than one year 7 (97,684) (92,851)
Net assets 432,665 436,131
Capital and reserves
Called up share capital 4,200 4,200
Share premium 69,319 69,319
Profit and loss account 359,146 362,612
Shareholders' funds 432,665 436,131
The director is 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 director acknowledges his 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.
P L Waycott
Director
Approved by the board on 23 August 2024
Waycott Bros (Holdings) Limited
Notes to the Accounts
for the year ended 31 December 2023
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).
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Leasehold land and buildings 50 years straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 343,088
At 31 December 2023 343,088
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 343,088
At 31 December 2022 343,088
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 73,419
At 31 December 2023 73,419
5 Debtors 2023 2022
£ £
Amounts owed by subsidiary 70,624 61,519
Other debtors - 3,399
70,624 64,918
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs (100) 100
Other creditors 5,160 11,668
5,060 11,768
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 97,684 92,851
8 Related party transactions
Included in creditors due after one year is an amount of £97,684 (2022: £92,851) which is owed to the shareholders. P Waycott £32,025, E Waycot £65,659.
9 Other information
Waycott Bros (Holdings) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Westbury Court
Church Road
Westbury-On-Trym
Bristol
BS9 3EF
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