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
W & L ENTERPRISES LTD
Company Information
for the year ended 31 December 2023
Director
Wayne Michael Simpson
Company Number
05128277 (England and Wales)
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
W & L ENTERPRISES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
35,845
42,170
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)
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
W & L ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 December 2023
130,000
At 31 December 2023
130,000
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
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
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
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
Taxes and social security
33,249
37,280
Loans from directors
33,064
-
9
Creditors: amounts falling due after more than one year
2023
2022
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).