18 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 300,000 300,000 15,486 2,564 18,050 10,956 3,508 14,464 3,586 4,530 xbrli:pure xbrli:shares iso4217:GBP 08365294 2023-04-01 2024-03-31 08365294 2024-03-31 08365294 2023-03-31 08365294 2022-04-01 2023-03-31 08365294 2023-03-31 08365294 2022-03-31 08365294 core:NetGoodwill 2023-04-01 2024-03-31 08365294 core:FurnitureFittings 2023-04-01 2024-03-31 08365294 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08365294 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 08365294 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 08365294 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 08365294 bus:Director2 2023-04-01 2024-03-31 08365294 core:NetGoodwill 2024-03-31 08365294 core:FurnitureFittings 2023-03-31 08365294 core:FurnitureFittings 2024-03-31 08365294 core:WithinOneYear 2024-03-31 08365294 core:WithinOneYear 2023-03-31 08365294 core:ShareCapital 2024-03-31 08365294 core:ShareCapital 2023-03-31 08365294 core:RetainedEarningsAccumulatedLosses 2024-03-31 08365294 core:RetainedEarningsAccumulatedLosses 2023-03-31 08365294 core:FurnitureFittings 2023-03-31 08365294 bus:SmallEntities 2023-04-01 2024-03-31 08365294 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08365294 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08365294 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08365294 bus:FullAccounts 2023-04-01 2024-03-31 08365294 bus:OrdinaryShareClass1 2024-03-31 08365294 bus:OrdinaryShareClass1 2023-03-31 08365294 bus:OrdinaryShareClass2 2024-03-31 08365294 bus:OrdinaryShareClass2 2023-03-31 08365294 bus:OrdinaryShareClass3 2024-03-31 08365294 bus:OrdinaryShareClass3 2023-03-31 08365294 bus:OrdinaryShareClass4 2024-03-31 08365294 bus:OrdinaryShareClass4 2023-03-31 08365294 bus:AllOrdinaryShares 2024-03-31 08365294 bus:AllOrdinaryShares 2023-03-31
COMPANY REGISTRATION NUMBER: 08365294
Wild Oats Limited
Filleted Unaudited Financial Statements
31 March 2024
Wild Oats Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
3,586
4,530
Current assets
Stocks
72,956
83,910
Debtors
7
6,065
3,596
Cash at bank and in hand
111,882
110,118
---------
---------
190,903
197,624
Creditors: amounts falling due within one year
8
201,411
231,589
---------
---------
Net current liabilities
10,508
33,965
--------
--------
Total assets less current liabilities
( 6,922)
( 29,435)
-------
--------
Net liabilities
( 6,922)
( 29,435)
-------
--------
Capital and reserves
Called up share capital
9
400
400
Profit and loss account
( 7,322)
( 29,835)
-------
--------
Shareholders deficit
( 6,922)
( 29,435)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Wild Oats Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 10 October 2024 , and are signed on behalf of the board by:
Mr.M. Abrahams
Director
Company registration number: 08365294
Wild Oats Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9-11 Lower Redland Road, Bristol, BS6 6TB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings & equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2023: 16 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
300,000
---------
Amortisation
At 1 April 2023 and 31 March 2024
300,000
---------
Carrying amount
At 31 March 2024
---------
At 31 March 2023
---------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023
15,486
15,486
Additions
2,564
2,564
--------
--------
At 31 March 2024
18,050
18,050
--------
--------
Depreciation
At 1 April 2023
10,956
10,956
Charge for the year
3,508
3,508
--------
--------
At 31 March 2024
14,464
14,464
--------
--------
Carrying amount
At 31 March 2024
3,586
3,586
--------
--------
At 31 March 2023
4,530
4,530
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
6,065
3,596
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
51,004
73,767
Corporation tax
8,534
788
Social security and other taxes
16,169
14,616
Other creditors
125,704
142,418
---------
---------
201,411
231,589
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary 'A' shares of £ 1 each
100
100
100
100
Ordinary 'B' shares of £ 1 each
100
100
100
100
Ordinary 'C' shares of £ 1 each
100
100
100
100
Ordinary 'D' shares of £ 1 each
100
100
100
100
----
----
----
----
400
400
400
400
----
----
----
----