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REGISTERED NUMBER: 02754003 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WYATT CROCKER LIMITED

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYATT CROCKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D P M Backhouse
B I B Backhouse





SECRETARY: B I B Backhouse





REGISTERED OFFICE: 470 Avenue West
Skyline 120
Great Notley
Braintree
Essex
CM77 7AA





REGISTERED NUMBER: 02754003 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 868,340 894,315

CURRENT ASSETS
Stocks 450,678 375,790
Debtors 5 62,068 75,895
Cash at bank and in hand 474,743 492,411
987,489 944,096
CREDITORS
Amounts falling due within one year 6 681,814 640,216
NET CURRENT ASSETS 305,675 303,880
TOTAL ASSETS LESS CURRENT LIABILITIES 1,174,015 1,198,195

CREDITORS
Amounts falling due after more than one
year

7

-

(315

)

PROVISIONS FOR LIABILITIES (36,436 ) (41,871 )
NET ASSETS 1,137,579 1,156,009

CAPITAL AND RESERVES
Called up share capital 9 1,900 1,900
Share premium 19,000 19,000
Capital redemption reserve 2 2
Fair value reserve 10 299,939 299,939
Retained earnings 816,738 835,168
1,137,579 1,156,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

BALANCE SHEET - continued
31 DECEMBER 2023


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 14 June 2024 and were signed on its behalf by:





B I B Backhouse - Director


WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Wyatt Crocker 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 4% 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.

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 950,016 267,842 1,217,858
Additions - 170 170
At 31 December 2023 950,016 268,012 1,218,028
DEPRECIATION
At 1 January 2023 152,163 171,380 323,543
Charge for year 14,201 11,944 26,145
At 31 December 2023 166,364 183,324 349,688
NET BOOK VALUE
At 31 December 2023 783,652 84,688 868,340
At 31 December 2022 797,853 96,462 894,315

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 16,821
Transfer to ownership (16,821 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 16,821
Transfer to ownership (16,821 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,579 30,466
Other debtors 52,489 45,429
62,068 75,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 3,653
Trade creditors 480,542 457,420
Taxation and social security 163,639 134,493
Other creditors 37,633 44,650
681,814 640,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 315

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year - 3,804
Between one and five years - 317
- 4,121

Finance charges repayable:
Within one year - 151
Between one and five years - 2
- 153

Net obligations repayable:
Within one year - 3,653
Between one and five years - 315
- 3,968

Non-cancellable operating leases
2023 2022
£    £   
Within one year 21,958 34,424
Between one and five years 20,618 20,979
42,576 55,403

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number:
Class:
Nominal
Value:

31.12.19
£

31.12.18
£
300 Ordinary A £1 300 300
300 Ordinary B £1 300 300
300 Ordinary C £1 300 300
50 Ordinary D £1 50 50
300 Ordinary E £1 300 300
300 Ordinary F £1 300 300
300 Ordinary G £1 300 300
50 Ordinary H £1 50 50
1,900 1,900

WYATT CROCKER LIMITED (REGISTERED NUMBER: 02754003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 299,939