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REGISTERED NUMBER: 09418475 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Wingfield Digby Limited

Wingfield Digby Limited (Registered number: 09418475)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Wingfield Digby Limited (Registered number: 09418475)

Balance Sheet
31 January 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 1,803 2,551
1,803 2,551

Current assets
Stocks 38,719 67,294
Debtors 7 14,290 28,357
Cash at bank 107,865 95,416
160,874 191,067
Creditors
Amounts falling due within one year 8 (31,090 ) (32,928 )
Net current assets 129,784 158,139
Total assets less current liabilities 131,587 160,690

Creditors
Amounts falling due after more than one
year

9

(14,167

)

(24,167

)

Provisions for liabilities - (610 )
Net assets 117,420 135,913

Capital and reserves
Called up share capital 100 100
Retained earnings 117,320 135,813
117,420 135,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Wingfield Digby Limited (Registered number: 09418475)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2024 and were signed by:





Ms A Wingfield Digby - Director


Wingfield Digby Limited (Registered number: 09418475)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. Statutory information

Wingfield Digby Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09418475

Registered office: Lythmere
Grouse Road
Colgate
Horsham
West Sussex
RH13 6HT

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Client list are being amortised evenly over their estimated useful life of five years.

Wingfield Digby Limited (Registered number: 09418475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed 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 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:

Plant and machinery - 25% on reducing balance
Computer equipment - 33.3% on cost

Freehold property is not depreciated.

Inventories
Inventories have been valued at the lower of cost and net estimated selling price, less costs to sell.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Wingfield Digby Limited (Registered number: 09418475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. Accounting policies - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

5. Intangible fixed assets
Client list
£
Cost
At 1 February 2023
and 31 January 2024 5,000
Amortisation
At 1 February 2023
and 31 January 2024 5,000
Net book value
At 31 January 2024 -
At 31 January 2023 -

Wingfield Digby Limited (Registered number: 09418475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 February 2023
and 31 January 2024 6,613 5,135 11,748
Depreciation
At 1 February 2023 4,416 4,781 9,197
Charge for year 549 199 748
At 31 January 2024 4,965 4,980 9,945
Net book value
At 31 January 2024 1,648 155 1,803
At 31 January 2023 2,197 354 2,551

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,178 1,272
Other debtors 12,112 27,085
14,290 28,357

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,008
Trade creditors 2,513 13,439
Taxation and social security 16,752 7,665
Other creditors 1,825 1,816
31,090 32,928

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 14,167 24,167

10. Related party disclosures

During the year the company paid rent of £19,489 (2023 - £12,993) to related parties.

Wingfield Digby Limited (Registered number: 09418475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


11. Ultimate controlling party

The ultimate controlling party is Ms A Wingfield Digby.