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Registered number: 13766523
Wadkin Bursgreen Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13766523
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 77,143 92,571
77,143 92,571
CURRENT ASSETS
Cash at bank and in hand 2,738 2,400
2,738 2,400
Creditors: Amounts Falling Due Within One Year 5 (70,414 ) (90,855 )
NET CURRENT ASSETS (LIABILITIES) (67,676 ) (88,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,467 4,116
NET ASSETS 9,467 4,116
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 9,367 4,016
SHAREHOLDERS' FUNDS 9,467 4,116
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen James Foster
Director
4 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Wadkin Bursgreen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13766523 . The registered office is Skeffington Mill, Uppingham Road, Skeffington, Leicestershire, LE7 9YE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trade marks. It is amortised to the profit and loss account over its estimated economic life of 7 years.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
2.6. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2023 108,000
As at 31 December 2023 108,000
Amortisation
As at 1 January 2023 15,429
Provided during the period 15,428
As at 31 December 2023 30,857
Net Book Value
As at 31 December 2023 77,143
As at 1 January 2023 92,571
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 103 102
Corporation tax 1,255 942
VAT 1,140 1,029
Amounts owed to related parties 67,916 88,782
70,414 90,855
6. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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