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Registered number: 13937769
Wylde Market Ltd
Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13937769
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,475 -
Tangible Assets 5 5,389 2,719
6,864 2,719
CURRENT ASSETS
Stocks 6 9,757 -
Debtors 7 4,258 1,947
Cash at bank and in hand 31,698 5,137
45,713 7,084
Creditors: Amounts Falling Due Within One Year 8 (119,255 ) (74,819 )
NET CURRENT ASSETS (LIABILITIES) (73,542 ) (67,735 )
TOTAL ASSETS LESS CURRENT LIABILITIES (66,678 ) (65,016 )
NET LIABILITIES (66,678 ) (65,016 )
CAPITAL AND RESERVES
Called up share capital 9 539 500
Share premium account 169,576 19,615
Profit and Loss Account (236,793 ) (85,131 )
SHAREHOLDERS' FUNDS (66,678) (65,016)
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Jefferson
Director
14/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wylde Market Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13937769 . The registered office is Unit 3, 18 Mereway Road, Twickenham, TW2 6RG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. 
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website development costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 33.33% Straight Line
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Intangible Assets
Other
£
Cost
As at 1 March 2023 -
Additions 1,500
As at 28 February 2024 1,500
Amortisation
As at 1 March 2023 -
Provided during the period 25
As at 28 February 2024 25
Net Book Value
As at 28 February 2024 1,475
As at 1 March 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 2,820 367 3,187
Additions 2,847 1,185 4,032
As at 28 February 2024 5,667 1,552 7,219
Depreciation
As at 1 March 2023 432 36 468
Provided during the period 1,118 244 1,362
As at 28 February 2024 1,550 280 1,830
Net Book Value
As at 28 February 2024 4,117 1,272 5,389
As at 1 March 2023 2,388 331 2,719
6. Stocks
2024 2023
£ £
Packaging 9,757 -
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,829 -
Other debtors - 1,947
VAT 1,429 -
4,258 1,947
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,270 3,981
Bank loans and overdrafts 31,963 -
Other taxes and social security - 842
Other creditors 303 -
Accruals and deferred income 6,328 500
Director's loan account 71,391 69,496
119,255 74,819
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 539 500
10. Related Party Transactions
As at 28 February 2024, the director Mr N Jefferson, was owed £71,391 (2023: £69,496 ) by the company. The loan is unsecured, interest free and repayable on demand.
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