Company Registration No. 08325424 (England and Wales)
WOW INTERIORS YORKSHIRE LIMITED
Unaudited accounts
for the year ended 31 December 2023
WOW INTERIORS YORKSHIRE LIMITED
Unaudited accounts
Contents
WOW INTERIORS YORKSHIRE LIMITED
Company Information
for the year ended 31 December 2023
Company Number
08325424 (England and Wales)
Registered Office
34 BIRKWOOD ROAD
NORMANTON
WF6 2NL
ENGLAND
Accountants
TGKS Accountancy Limited
44 Potternewton Mount
Leeds
West Yorkshire
LS7 2DR
WOW INTERIORS YORKSHIRE LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
1,263,183
1,399,467
Inventories
487,921
202,429
Cash at bank and in hand
265,547
244,444
Creditors: amounts falling due within one year
(1,007,083)
(918,467)
Net current assets
247,736
63,217
Total assets less current liabilities
1,510,919
1,462,684
Creditors: amounts falling due after more than one year
(829,230)
(930,965)
Net assets
681,689
531,719
Called up share capital
1
1
Profit and loss account
681,688
531,718
Shareholders' funds
681,689
531,719
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 August 2024 and were signed on its behalf by
Mr K P Crouthers
Director
Company Registration No. 08325424
WOW INTERIORS YORKSHIRE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
WOW INTERIORS YORKSHIRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08325424. The registered office is 34 BIRKWOOD ROAD, NORMANTON, WF6 2NL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
12.5% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
12.5% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
1,363,429
180,716
203,092
18,595
1,765,832
Additions
15,524
47,917
-
-
63,441
Disposals
-
(15,990)
-
-
(15,990)
At 31 December 2023
1,378,953
212,643
203,092
18,595
1,813,283
At 1 January 2023
187,705
43,011
119,396
16,253
366,365
Charge for the year
146,965
24,343
10,462
1,965
183,735
At 31 December 2023
334,670
67,354
129,858
18,218
550,100
At 31 December 2023
1,044,283
145,289
73,234
377
1,263,183
At 31 December 2022
1,175,724
137,705
83,696
2,342
1,399,467
WOW INTERIORS YORKSHIRE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
22,014
103,681
Amounts due from group undertakings etc.
418,475
419,130
Accrued income and prepayments
49,605
12,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
45,259
39,528
Obligations under finance leases and hire purchase contracts
225,758
297,831
Trade creditors
406,684
433,750
Taxes and social security
35,254
17,510
Loans from directors
123,420
123,582
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
157,247
202,506
Obligations under finance leases and hire purchase contracts
671,983
728,459
Aggregate of amounts that fall due for payment after five years
-
37,137
8
Transactions with related parties
The company has purchased equipment and items on behalf of Worktops at Trade limited, a company under common control. As at 31 December the balance owed to the company was £418,175 (2022 £419,130)
Ath the balance sheet date the company owed Mr Crouthers (Director and Shareholder) £123,852 (2022 £123,852)
9
Average number of employees
During the year the average number of employees was 30 (2022: 20).