Registered number
08835832
C & N Wyatt Ltd
Unaudited Filleted Accounts
31 January 2024
C & N Wyatt Ltd
Registered number: 08835832
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 420 215
Current assets
Debtors 4 13,575 19,654
Cash at bank and in hand 553 874
14,128 20,528
Creditors: amounts falling due within one year 5 (13,045) (20,019)
Net current assets 1,083 509
Net assets 1,503 724
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,403 624
Shareholders' funds 1,503 724
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Wyatt
Director
Approved by the board on 14 October 2024
C & N Wyatt Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 429
Additions 344
At 31 January 2024 773
Depreciation
At 1 February 2023 214
Charge for the year 139
At 31 January 2024 353
Net book value
At 31 January 2024 420
At 31 January 2023 215
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 10,823 16,902
Other debtors 2,752 2,752
13,575 19,654
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,901 12,101
Taxation and social security costs 3,419 7,193
Other creditors 725 725
13,045 20,019
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr C R Wyatt
Loan 8,451 - (3,039) 5,412
Mrs N F Wyatt
Loan 8,451 - (3,040) 5,411
16,902 - (6,079) 10,823
7 Other information
C & N Wyatt Ltd is a private company limited by shares and incorporated in England. Its registered office is:
56 Sutton Lane
Middlewich
Cheshire
CW10 0AH
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