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REGISTERED NUMBER: 04360802 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Waddington Buildings Limited

Waddington Buildings Limited (Registered number: 04360802)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Waddington Buildings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Waddington
A F Waddington





SECRETARY: Mrs L Wright





REGISTERED OFFICE: Station Road
Brompton On Swale
Richmond
North Yorkshire
DL10 7SH





REGISTERED NUMBER: 04360802 (England and Wales)





ACCOUNTANTS: Marie Larby Accountancy
Unit 6A Station Road
Brompton on Swale
Richmond
North Yorkshire
DL10 7SN

Waddington Buildings Limited (Registered number: 04360802)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,485 133,631

CURRENT ASSETS
Stocks 224,811 236,689
Debtors 5 60,099 169,331
Cash at bank 36,395 -
321,305 406,020
CREDITORS
Amounts falling due within one year 6 158,670 257,325
NET CURRENT ASSETS 162,635 148,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,120

282,326

CREDITORS
Amounts falling due after more than one year 7 88,144 123,319
NET ASSETS 179,976 159,007

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 178,976 158,007
179,976 159,007

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.

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 19 August 2024 and were signed on its behalf by:





A F Waddington - Director


Waddington Buildings Limited (Registered number: 04360802)

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

1. STATUTORY INFORMATION

Waddington Buildings 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance, 15% on cost and 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Transactions with directors
Included in Debtors is an amount owing to the Company by one of the Drectors. This was an advance of £5,500. The Director has repaid the advance in full.

Waddington Buildings Limited (Registered number: 04360802)

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 422,854
Additions 7,388
At 31 December 2023 430,242
DEPRECIATION
At 1 January 2023 289,223
Charge for year 35,534
At 31 December 2023 324,757
NET BOOK VALUE
At 31 December 2023 105,485
At 31 December 2022 133,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 45,727 161,791
Other debtors 14,372 7,540
60,099 169,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 20,447 48,850
Trade creditors 81,422 114,100
Taxation and social security 46,994 41,167
Other creditors 9,807 53,208
158,670 257,325

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 24,207 34,167
Hire purchase contracts 63,937 89,152
88,144 123,319

Waddington Buildings Limited

Report of the Accountants to the Directors of
Waddington Buildings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Marie Larby Accountancy
Unit 6A Station Road
Brompton on Swale
Richmond
North Yorkshire
DL10 7SN


Date: .............................................