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REGISTERED NUMBER: 13405206 (England and Wales)










WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED (REGISTERED NUMBER: 13405206)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: D J Owen
B D Owen





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 13405206 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED (REGISTERED NUMBER: 13405206)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,695 903

CURRENT ASSETS
Stocks 182,218 89,075
Debtors 5 5,244 1,962
Cash at bank 12,632 36,926
200,094 127,963
CREDITORS
Amounts falling due within one year 6 41,767 33,689
NET CURRENT ASSETS 158,327 94,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,022

95,177

CREDITORS
Amounts falling due after more than one
year

7

175,000

100,000
NET LIABILITIES (13,978 ) (4,823 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,078 ) (4,923 )
SHAREHOLDERS' FUNDS (13,978 ) (4,823 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED (REGISTERED NUMBER: 13405206)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





B D Owen - Director


WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED (REGISTERED NUMBER: 13405206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Wakefield Developments Pembrokeshire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 15% reducing balance
Office equipment - 15% reducing balance
Computer equipment - 25% straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WAKEFIELD DEVELOPMENTS PEMBROKESHIRE
LIMITED (REGISTERED NUMBER: 13405206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Computer
Machinery equipment equipment Totals
£    £    £    £   
COST
At 1 June 2023 851 - 240 1,091
Additions - 1,248 1,199 2,447
At 31 May 2024 851 1,248 1,439 3,538
DEPRECIATION
At 1 June 2023 128 - 60 188
Charge for year 108 187 360 655
At 31 May 2024 236 187 420 843
NET BOOK VALUE
At 31 May 2024 615 1,061 1,019 2,695
At 31 May 2023 723 - 180 903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,244 1,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,676 2,400
Other creditors 23,091 31,289
41,767 33,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 175,000 100,000

8. RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £18,232 (2023 - £30,239).