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REGISTERED NUMBER: 06548612 (England and Wales)

















WFF (YORK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024






WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

BALANCE SHEET
27 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,531 95,947
78,531 95,947

CURRENT ASSETS
Stocks 46,321 42,528
Debtors 6 64,257 1,033,897
Cash at bank and in hand 51,036 103,281
161,614 1,179,706
CREDITORS
Amounts falling due within one year 7 272,638 1,101,486
NET CURRENT (LIABILITIES)/ASSETS (111,024 ) 78,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,493

)

174,167

CREDITORS
Amounts falling due after more than one
year

8

-

(197,704

)

PROVISIONS FOR LIABILITIES (14,921 ) (17,941 )
NET LIABILITIES (47,414 ) (41,478 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (47,416 ) (41,480 )
SHAREHOLDERS' FUNDS (47,414 ) (41,478 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 2024 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.

WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

BALANCE SHEET - continued
27 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Mr P R Freeston - Director



Mr K J Rosevere - Director


WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024

1. STATUTORY INFORMATION

Wff (York) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06548612

Registered office: Apetito
Canal Road
Trowbridge
BA14 8RJ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
It is intended that the company be wound up in the near future so that the going concern basis of account preparation is no longer relevant.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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 2008, is being amortised evenly over its estimated useful life of ten 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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
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.

WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 period was 24 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 April 2023
and 27 March 2024 335,000 7,000 342,000
AMORTISATION
At 1 April 2023
and 27 March 2024 335,000 7,000 342,000
NET BOOK VALUE
At 27 March 2024 - - -
At 31 March 2023 - - -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 24,869 65,548 39,304
Additions - 243 -
Disposals - - -
At 27 March 2024 24,869 65,791 39,304
DEPRECIATION
At 1 April 2023 5,879 52,571 9,029
Charge for period 497 2,614 4,542
Eliminated on disposal - - -
At 27 March 2024 6,376 55,185 13,571
NET BOOK VALUE
At 27 March 2024 18,493 10,606 25,733
At 31 March 2023 18,990 12,977 30,275

WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 191,991 22,618 344,330
Additions - 2,510 2,753
Disposals (17,000 ) - (17,000 )
At 27 March 2024 174,991 25,128 330,083
DEPRECIATION
At 1 April 2023 161,372 19,532 248,383
Charge for period 6,562 1,584 15,799
Eliminated on disposal (12,630 ) - (12,630 )
At 27 March 2024 155,304 21,116 251,552
NET BOOK VALUE
At 27 March 2024 19,687 4,012 78,531
At 31 March 2023 30,619 3,086 95,947

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 27 March 2024 19,863
DEPRECIATION
At 1 April 2023 11,658
Charge for period 2,051
At 27 March 2024 13,709
NET BOOK VALUE
At 27 March 2024 6,154
At 31 March 2023 8,205

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 907,888
Other debtors 40,652 95,025
VAT 16,495 19,340
Prepayments and accrued income 7,110 11,644
64,257 1,033,897

WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 38,320 5,575
Trade creditors 152,079 255,454
Amounts owed to group undertakings - 175,000
Tax 16,355 33,918
Social security and other taxes 4,357 3,197
Wages control 23,633 20,809
Pension control 1,000 758
Other creditors 34,694 275,000
Accrued expenses 2,200 331,775
272,638 1,101,486

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) - 38,724
Directors' loan accounts - 158,980
- 197,704

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 14,979

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 38,320 5,575

Amounts falling due between one and two years:
Bank loans - 1-2 years - 5,716

Amounts falling due between two and five years:
Bank loans - 2-5 years - 18,029

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 14,979

WFF (YORK) LIMITED (REGISTERED NUMBER: 06548612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 27 MARCH 2024

10. RELATED PARTY DISCLOSURES

ACCA Land Limited

A company which L S Sohal is a shareholder and director.

During the year the loan was waived and released to the profit and loss account.

Amount due to related party at the balance sheet date £Nil (2023 - £250,000).

This loan is unsecured, there is no interest payable and there are no agreed repayments terms.

SRK Group Limited

A company which L S Sohal is a shareholder and director.

During the year the loan was waived and released to the profit and loss account..

Amount due from related party at the balance sheet date £Nil (2023 - £75,000).

This loan is unsecured, there is no interest payable and there are no agreed repayments terms.

Larentia Limited

A company which and L S Sohal is a shareholder and director.

During the year the loan was waived and released to the profit and loss account.

Amount due to related party at the balance sheet date £Nil (2023 - £25,000).

This loan is unsecured, there is no interest payable and there are no agreed repayments terms.

11. ULTIMATE CONTROLLING PARTY

The controlling party is York Group Ltd.

At the balance sheet date the ultimate parent company of WFF (York) Limited is York Group Limited which is incorporated in England and Wales.

The registered office of the ultimate parent company is 71 Knowl Piece, Wilbury Way, Hitchin, Herts, SG4 0TY.

The parent company, York Group Limited has not prepared group accounts as it is exempted from the requirement to do so by Section 398 of the Companies Act 2006. The company meets the qualifying conditions for a small sized group as laid down in section 398 of the Act.


York Group Limited is jointly controlled by Mr L S Sohal and Mr A Rai.

Post year end the company is now owned by Apetio Ltd.

Apetito Limited prepares financial statements and they can be obtained at the following address:

Apetito
Canal Road
Trowbridge
England
BA14 8 RJ