Widegrant Limited 02407923 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is management company. Digita Accounts Production Advanced 6.30.9574.0 true true 02407923 2023-04-01 2024-03-31 02407923 2024-03-31 02407923 core:RetainedEarningsAccumulatedLosses 2024-03-31 02407923 core:ShareCapital 2024-03-31 02407923 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02407923 bus:SmallEntities 2023-04-01 2024-03-31 02407923 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02407923 bus:FilletedAccounts 2023-04-01 2024-03-31 02407923 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02407923 bus:RegisteredOffice 2023-04-01 2024-03-31 02407923 bus:Director1 2023-04-01 2024-03-31 02407923 bus:Director2 2023-04-01 2024-03-31 02407923 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02407923 countries:EnglandWales 2023-04-01 2024-03-31 02407923 2022-04-01 2023-03-31 02407923 2023-03-31 02407923 core:RetainedEarningsAccumulatedLosses 2023-03-31 02407923 core:ShareCapital 2023-03-31 02407923 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02407923

Widegrant Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Widegrant Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Widegrant Limited

Company Information

Directors

Mr Stephen Peter Fendyke

Mr Kevin Hill

Registered office

Westbridge House
6-8 Bridge Street
Boston
Lincolnshire
PE21 8QF

Accountants

Cannon Williamson
Chartered Certified Accountants
Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

 

Widegrant Limited

(Registration number: 02407923)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

10,416

9,112

Creditors: Amounts falling due within one year

4

(660)

(630)

Net assets

 

9,756

8,482

Reserves

 

Called up share capital

6

6

Retained Earnings

9,750

8,476

Surplus

 

9,756

8,482

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr Stephen Peter Fendyke
Director

.........................................
Mr Kevin Hill
Director

 

Widegrant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Westbridge House
6-8 Bridge Street
Boston
Lincolnshire
PE21 8QF
United Kingdom

These financial statements were authorised for issue by the Board on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Widegrant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

660

630

5

Dividends