WAKLIN LIMITED

Company Registration Number:
05072301 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2023

Period of accounts

Start date: 31 December 2022

End date: 30 December 2023

WAKLIN LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2023

Balance sheet
Notes

WAKLIN LIMITED

Balance sheet

As at 30 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 46,978 60,094
Tangible assets: 4 187,486 220,093
Investments:   0 0
Total fixed assets: 234,464 280,187
Current assets
Stocks: 896,296 917,119
Debtors:   25,780 55,347
Cash at bank and in hand: 315,858 294,779
Investments:   0 0
Total current assets: 1,237,934 1,267,245
Creditors: amounts falling due within one year: 5 (370,577) (453,035)
Net current assets (liabilities): 867,357 814,210
Total assets less current liabilities: 1,101,821 1,094,397
Creditors: amounts falling due after more than one year:   (4,455) (14,706)
Provision for liabilities: 0 (42,819)
Total net assets (liabilities): 1,097,366 1,036,872
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,097,266 1,036,772
Shareholders funds: 1,097,366 1,036,872

The notes form part of these financial statements

WAKLIN LIMITED

Balance sheet statements

For the year ending 30 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 September 2024
and signed on behalf of the board by:

Name: Pauline Shannon
Status: Director

The notes form part of these financial statements

WAKLIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

WAKLIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

2. Employees

2023 2022
Average number of employees during the period 67 70

WAKLIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

3. Intangible Assets

Total
Cost £
At 31 December 2022 60,094
At 30 December 2023 60,094
Amortisation
At 31 December 2022 0
Charge for year 13,116
At 30 December 2023 13,116
Net book value
At 30 December 2023 46,978
At 30 December 2022 60,094

WAKLIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

4. Tangible Assets

Total
Cost £
At 31 December 2022 220,093
Additions 32,703
At 30 December 2023 252,796
Depreciation
At 31 December 2022 0
Charge for year 65,310
At 30 December 2023 65,310
Net book value
At 30 December 2023 187,486
At 30 December 2022 220,093

WAKLIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

5. Creditors: amounts falling due within one year note

The company's bank borrowings are secured by an unlimited debenture over the assets of the company, together with limited personal guarantees provided by the directors.

WAKLIN LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

6. Financial commitments

The company has provided a cross guarantee as security for the bank borrowing of fellow group companies. At the balance sheet date there was a potential liability in respect of this guarantee of £840,399 (2022 - £1,118,528)