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REGISTERED NUMBER: 04098559 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Wainscot Limited

Wainscot Limited (Registered number: 04098559)






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


Wainscot Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J L Prowse
G Prowse





SECRETARY:





REGISTERED OFFICE: 5 Harpenden Road
St Albans
Hertfordshire
AL3 5LW





REGISTERED NUMBER: 04098559 (England and Wales)





ACCOUNTANTS: Mansfield & Co Chartered Accountants
55 Kentish Town Road
Camden Town
London
NW1 8NX

Wainscot Limited (Registered number: 04098559)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 178,452 140,578
178,452 140,578

CURRENT ASSETS
Debtors 6 59,000 52,110
Cash at bank and in hand 130,856 175,589
189,856 227,699
CREDITORS
Amounts falling due within one year 7 169,413 96,650
NET CURRENT ASSETS 20,443 131,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,895

271,627

CREDITORS
Amounts falling due after more than one year 8 (7,969 ) (88,274 )

PROVISIONS FOR LIABILITIES (677 ) (677 )
NET ASSETS 190,249 182,676

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 190,199 182,626
SHAREHOLDERS' FUNDS 190,249 182,676

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.

Wainscot Limited (Registered number: 04098559)

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 28 August 2024 and were signed on its behalf by:





Mrs J L Prowse - Director


Wainscot Limited (Registered number: 04098559)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wainscot 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
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.

Wainscot Limited (Registered number: 04098559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 80,000
AMORTISATION
At 1 January 2023
and 31 December 2023 80,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 159,382 130,684 290,066
Additions - 87,027 87,027
At 31 December 2023 159,382 217,711 377,093
DEPRECIATION
At 1 January 2023 87,386 62,102 149,488
Charge for year 7,199 41,954 49,153
At 31 December 2023 94,585 104,056 198,641
NET BOOK VALUE
At 31 December 2023 64,797 113,655 178,452
At 31 December 2022 71,996 68,582 140,578

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 59,000 52,110

Wainscot Limited (Registered number: 04098559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 17,402 13,063
Trade creditors 23,975 26,768
Taxation and social security 19,350 10,415
Other creditors 108,686 46,404
169,413 96,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 8,582
Trade creditors 7,969 79,692
7,969 88,274

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
Mrs J L Prowse and G Prowse
Balance outstanding at start of year 30,085 37,448
Amounts advanced 4,440 637
Amounts repaid (1,800 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,725 30,085

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £4,000) were paid to the directors .