Registered number
13809273
Willrose Place Creations Limited
Filleted Accounts
31 December 2023
Willrose Place Creations Limited
Registered number: 13809273
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,325 4,196
Current assets
Stocks 5,000 5,000
Cash at bank and in hand 418 467
5,418 5,467
Creditors: amounts falling due within one year 4 (12,385) (11,956)
Net current liabilities (6,967) (6,489)
Net liabilities (3,642) (2,293)
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,643) (2,294)
Shareholder's funds (3,642) (2,293)
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.
Julie Reynolds
Director
Approved by the board on 3 September 2024
Willrose Place Creations 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 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.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 33% straight line
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 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,594
Additions 238
At 31 December 2023 5,832
Depreciation
At 1 January 2023 1,398
Charge for the year 1,109
At 31 December 2023 2,507
Net book value
At 31 December 2023 3,325
At 31 December 2022 4,196
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 45 -
Other creditors 12,340 11,956
12,385 11,956
5 Other information
Willrose Place Creations Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Rhyd-Yr-Helyg
Nantgarw
CF15 7SW
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