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REGISTERED NUMBER: 09174658 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Wolf And Lamb Limited

Wolf And Lamb Limited (Registered number: 09174658)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wolf And Lamb Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: A G Difrancesco





REGISTERED OFFICE: 12b Sun Street
Waltham Abbey
United Kingdom
Essex
EN9 1EE





REGISTERED NUMBER: 09174658 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

Wolf And Lamb Limited (Registered number: 09174658)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,251 126,724
Investments 5 1 -
132,252 126,724

CURRENT ASSETS
Debtors 6 131,526 207,148
Cash at bank 12,997 6,974
144,523 214,122
CREDITORS
Amounts falling due within one year 7 277,470 261,585
NET CURRENT LIABILITIES (132,947 ) (47,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(695

)

79,261

CREDITORS
Amounts falling due after more than one year 8 (37,588 ) (30,531 )

PROVISIONS FOR LIABILITIES (29,177 ) (29,781 )
NET (LIABILITIES)/ASSETS (67,460 ) 18,949

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (67,461 ) 18,948
SHAREHOLDERS' FUNDS (67,460 ) 18,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wolf And Lamb Limited (Registered number: 09174658)

Balance Sheet - continued
31st 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 director and authorised for issue on 19th September 2024 and were signed by:





A G Difrancesco - Director


Wolf And Lamb Limited (Registered number: 09174658)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Wolf And Lamb 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Wolf And Lamb Limited (Registered number: 09174658)

Notes to the Financial Statements - continued
for the year ended 31st 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 12 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 200,848
Additions 44,161
Disposals (499 )
At 31st December 2023 244,510
DEPRECIATION
At 1st January 2023 74,124
Charge for year 38,579
Eliminated on disposal (444 )
At 31st December 2023 112,259
NET BOOK VALUE
At 31st December 2023 132,251
At 31st December 2022 126,724

Wolf And Lamb Limited (Registered number: 09174658)

Notes to the Financial Statements - continued
for the year ended 31st 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
Additions 16,700
At 31st December 2023 16,700
DEPRECIATION
Charge for year 1,044
At 31st December 2023 1,044
NET BOOK VALUE
At 31st December 2023 15,656

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1
At 31st December 2023 1
NET BOOK VALUE
At 31st December 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,000 74,800
Other debtors 81,526 132,348
131,526 207,148

Wolf And Lamb Limited (Registered number: 09174658)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,902 5,805
Hire purchase contracts (see note 9) 2,456 -
Trade creditors 28,101 67,156
Taxation and social security 187,582 150,594
Other creditors 54,429 38,030
277,470 261,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,537 30,531
Hire purchase contracts (see note 9) 11,051 -
37,588 30,531

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,940 7,310

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 2,456 -
Between one and five years 11,051 -
13,507 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 30,240 30,240
Between one and five years 32,760 2,520
63,000 32,760

Wolf And Lamb Limited (Registered number: 09174658)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other creditors 50,115 34,073

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
A G Difrancesco
Balance outstanding at start of year 41,945 39,187
Amounts advanced 50,330 41,945
Amounts repaid (41,945 ) (39,187 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,330 41,945

During the year all loans made were interest free. All loans were repaid in April 2024.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A G Difrancesco.