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Company Registration No. 05128277 (England and Wales)
W & L ENTERPRISES LTD Unaudited accounts for the year ended 31 December 2023
W & L ENTERPRISES LTD Unaudited accounts Contents
Page
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W & L ENTERPRISES LTD Company Information for the year ended 31 December 2023
Director
Wayne Michael Simpson
Company Number
05128277 (England and Wales)
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of W & L ENTERPRISES LTD for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W & L ENTERPRISES LTD for the year ended 31 December 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of W & L ENTERPRISES LTD, as a body, in accordance with the terms of our engagement letter dated 1 January 2017. Our work has been undertaken solely to prepare for your approval the accounts of W & L ENTERPRISES LTD and state those matters that we have agreed to state to the Board of Directors of W & L ENTERPRISES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W & L ENTERPRISES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that W & L ENTERPRISES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of W & L ENTERPRISES LTD. You consider that W & L ENTERPRISES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of W & L ENTERPRISES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants 31 March 2024
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W & L ENTERPRISES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,845 
42,170 
Investments
45,000 
45,000 
80,845 
87,170 
Current assets
Inventories
85,000 
85,000 
Debtors
50,162 
55,186 
135,162 
140,186 
Creditors: amounts falling due within one year
(156,451)
(98,673)
Net current (liabilities)/assets
(21,289)
41,513 
Total assets less current liabilities
59,556 
128,683 
Creditors: amounts falling due after more than one year
(13,600)
(78,437)
Net assets
45,956 
50,246 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
(62,450)
(62,450)
Profit and loss account
108,306 
112,596 
Shareholders' funds
45,956 
50,246 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2024 and were signed on its behalf by
Wayne Michael Simpson Director Company Registration No. 05128277
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W & L ENTERPRISES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
W & L ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 05128277.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Acquired cost of Franchise License Fee is written off in equal annual installments over its estimated useful economic life.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
130,000 
At 31 December 2023
130,000 
Amortisation
At 1 January 2023
130,000 
At 31 December 2023
130,000 
Net book value
At 31 December 2023
- 
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W & L ENTERPRISES LTD Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
316,511 
29,906 
23,010 
369,427 
At 31 December 2023
316,511 
29,906 
23,010 
369,427 
Depreciation
At 1 January 2023
277,204 
29,906 
20,147 
327,257 
Charge for the year
5,896 
- 
429 
6,325 
At 31 December 2023
283,100 
29,906 
20,576 
333,582 
Net book value
At 31 December 2023
33,411 
- 
2,434 
35,845 
At 31 December 2022
39,307 
- 
2,863 
42,170 
6
Investments
Other investments 
£ 
Valuation at 1 January 2023
45,000 
Valuation at 31 December 2023
45,000 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,162 
41,746 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
13,440 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
78,818 
44,458 
VAT
11,320 
16,935 
Taxes and social security
33,249 
37,280 
Loans from directors
33,064 
- 
156,451 
98,673 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,600 
78,437 
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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