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WHEATSTONE LTD

Registered Number
10493315
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

WHEATSTONE LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

CHEUNG, Samuel Chun

Registered Address

8b Accommodation Road
Golders Green
London
NW11 8ED

Registered Number

10493315 (England and Wales)
WHEATSTONE LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks35,5005,500
Debtors427,68717,775
Cash at bank and on hand162,784301,220
195,971324,495
Creditors amounts falling due within one year5(160,148)(246,782)
Net current assets (liabilities)35,82377,713
Total assets less current liabilities35,82377,713
Creditors amounts falling due after one year(47,500)(77,500)
Net assets(11,677)213
Capital and reserves
Called up share capital22
Profit and loss account(11,679)211
Shareholders' funds(11,677)213
The financial statements were approved and authorised for issue by the Director on 27 August 2024, and are signed on its behalf by:
CHEUNG, Samuel Chun
Director
Registered Company No. 10493315
WHEATSTONE LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year1614
3.Stocks

2023

2022

££
Raw materials and consumables5,5005,500
Total5,5005,500
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-60
Other debtors12,272-
Prepayments and accrued income15,41517,715
Total27,68717,775
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables63,84170,887
Bank borrowings and overdrafts30,25630,208
Taxation and social security50,33434,415
Other creditors15,717106,272
Accrued liabilities and deferred income-5,000
Total160,148246,782