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REGISTERED NUMBER: 03314025 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Wickfields Limited

Wickfields Limited (Registered number: 03314025)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wickfields Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr C A van der Spoel
Mrs A R van der Spoel
Miss E S van der Spoel





SECRETARY: Mr C A van der Spoel





REGISTERED OFFICE: Castle Villa Farm
Hayscastle
HAVERFORDWEST
Pembrokeshire
SA62 5AA





REGISTERED NUMBER: 03314025 (England and Wales)

Wickfields Limited (Registered number: 03314025)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,639 308,721

CURRENT ASSETS
Stocks 5 - 300
Debtors 6 24,350 34,665
Cash at bank 44,090 39,898
68,440 74,863
CREDITORS
Amounts falling due within one year 7 100,871 117,651
NET CURRENT LIABILITIES (32,431 ) (42,788 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,208

265,933

CREDITORS
Amounts falling due after more than one year 8 - (31,396 )

PROVISIONS FOR LIABILITIES (23,911 ) (23,227 )
NET ASSETS 271,297 211,310

CAPITAL AND RESERVES
Called up share capital 80,002 80,002
Retained earnings 191,295 131,308
SHAREHOLDERS' FUNDS 271,297 211,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Wickfields Limited (Registered number: 03314025)

Balance Sheet - continued
29 February 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 3 June 2024 and were signed on its behalf by:




Mr C A van der Spoel - Director



Mrs A R van der Spoel - Director


Wickfields Limited (Registered number: 03314025)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Wickfields 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance and 5% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - NIL).

Wickfields Limited (Registered number: 03314025)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 March 2023 215,414 516,281 - 731,695
Additions 47,754 5,292 439 53,485
Disposals (33,200 ) (9,213 ) - (42,413 )
At 29 February 2024 229,968 512,360 439 742,767
DEPRECIATION
At 1 March 2023 127,206 295,768 - 422,974
Charge for year 8,003 24,104 37 32,144
Eliminated on disposal (33,200 ) (6,790 ) - (39,990 )
At 29 February 2024 102,009 313,082 37 415,128
NET BOOK VALUE
At 29 February 2024 127,959 199,278 402 327,639
At 28 February 2023 88,208 220,513 - 308,721

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks - 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 24,350 17,787
Other debtors - 16,122
VAT - 756
24,350 34,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 3,582
Trade creditors 14,471 13,675
Tax 16,723 21,544
VAT 6,182 -
Directors' current accounts 61,800 77,265
Accrued expenses 1,695 1,585
100,871 117,651

Wickfields Limited (Registered number: 03314025)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Loan Hugo Van Sorge - 31,396

Amounts falling due in more than five years:

Repayable by instalments
Loan Hugo Van Sorge - 31,396