Registered number
12331111
Willowsbrook limited
Unaudited Filleted Accounts
30 November 2023
Willowsbrook limited
Registered number: 12331111
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 40,250 46,000
Current assets
Stocks 60,000 37,000
Debtors 4 4,295 -
Cash at bank and in hand 9,803 638
74,098 37,638
Creditors: amounts falling due within one year 5 (102,310) (72,922)
Net current liabilities (28,212) (35,284)
Total assets less current liabilities 12,038 10,716
Creditors: amounts falling due after more than one year 6 (15,163) (19,097)
Net liabilities (3,125) (8,381)
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,126) (8,382)
Shareholder's funds (3,125) (8,381)
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 her 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.
N Imms
Director
Approved by the board on 31 August 2024
Willowsbrook limited
Notes to the Accounts
for the year ended 30 November 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 57,500
At 30 November 2023 57,500
Amortisation
At 1 December 2022 11,500
Provided during the year 5,750
At 30 November 2023 17,250
Net book value
At 30 November 2023 40,250
At 30 November 2022 46,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Debtors 2023 2022
£ £
Trade debtors 3,000 -
Other debtors 1,295 -
4,295 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 80,047 65,261
Taxation and social security costs 3,388 3,774
Other creditors 18,875 3,887
102,310 72,922
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,163 19,097
7 Other information
Willowsbrook limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Whatcroft Way
Middlewich
Cheshire
CW10 0FU
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