Registered number
05997437
Wynnstay Fishing & Conservation Limited
Report and Accounts
31 December 2023
Wynnstay Fishing & Conservation Limited
Registered number: 05997437
Balance Sheet
as at 31 December 2023
31st December 31st December
Notes 2023 2022
Fixed assets £ £
Tangible assets 3 50,392 52,341
Current assets
Stocks 9,500 8,200
Cash at bank and in hand 9,357 6,780
18,857 14,980
Creditors: amounts falling due within one year 4 (90,095) (85,824)
Net current liabilities (71,238) (70,844)
Net liabilities (20,846) (18,503)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,946) (18,603)
Shareholder's funds (20,846) (18,503)
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 member has 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.
Mr B Cooke
Director
Approved by the board on 23 August 2024
Wynnstay Fishing & Conservation 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services is recognised on receipt of the service.
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, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Buildings 2% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
31st December 31st December
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold improvements Plant and machinery Total
£ £ £
Cost
At 1 January 2023 46,873 14,652 61,525
At 31 December 2023 46,873 14,652 61,525
Depreciation
At 1 January 2023 - 9,184 9,184
Charge for the year 855 1,094 1,949
At 31 December 2023 855 10,278 11,133
Net book value
At 31 December 2023 46,018 4,374 50,392
At 31 December 2022 46,873 5,468 52,341
31st December 31st December
2023 2022
£ £
4 Creditors: amounts falling due within one year
Accrued expenses 3,166 630
Director's loan account 86,929 85,194
90,095 85,824
5 Other information
Wynnstay Fishing & Conservation Limited is a private company limited by shares and incorporated in England and Wales. The registered office is:
Moss Cottage
Martins Moss Lane
Sandbach
CW11 2UW
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