WILLOWS KITCHENS AND BEDROOMS LIMITED

Company Registration Number:
03540708 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

WILLOWS KITCHENS AND BEDROOMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

WILLOWS KITCHENS AND BEDROOMS LIMITED

Company Information

for the Period Ended 30 April 2024




Director: Andrew Ian McKenna
Registered office: 34
Borron Road
Newton Le Willows
Merseyside
WA12 0EW
Company Registration Number: 03540708 (England and Wales)

WILLOWS KITCHENS AND BEDROOMS LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 5,102 6,804
Total fixed assets: 5,102 6,804
Current assets
Stocks: 5,615 4,127
Debtors: 198 276
Cash at bank and in hand: 106,424 101,571
Total current assets: 112,237 105,974
Prepayments and accrued income: 4,096 2,733
Creditors: amounts falling due within one year: ( 53,373 ) ( 46,342 )
Net current assets (liabilities): 62,960 62,365
Total assets less current liabilities: 68,062 69,169
Creditors: amounts falling due after more than one year: ( 4,255 ) ( 4,787 )
Provision for liabilities: ( 969 ) ( 1,293 )
Accruals and deferred income: ( 1,843 ) ( 2,258 )
Total net assets (liabilities): 60,995 60,831

The notes form part of these financial statements

WILLOWS KITCHENS AND BEDROOMS LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 60,991 60,827
Shareholders funds: 60,995 60,831

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 October 2024
And Signed On Behalf Of The Board By:

Name: Andrew Ian McKenna
Status: Director

The notes form part of these financial statements

WILLOWS KITCHENS AND BEDROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for sales of kitchen and bedroom units net of VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation.
    Depreciation is calculated at the following rates to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime:
    Value Improvement to leasehold property (Land and Buildings) - 5% of cost.
    Plant and Machinery - 3 year straight line.
    Office Equipment - 3 year straight line.
    Motor Vehicles - 25% Written down value.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items. Costs include all direct expenditure and overheads.

    Other accounting policies

    Deferred Tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

WILLOWS KITCHENS AND BEDROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 5

WILLOWS KITCHENS AND BEDROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

WILLOWS KITCHENS AND BEDROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 79,354
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 30 April 2024 79,354
Depreciation
At 01 May 2023 72,550
Charge for year 1,702
On disposals (0)
Other adjustments 0
At 30 April 2024 74,252
Net book value
At 30 April 2024 5,102
At 30 April 2023 6,804