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COMPANY REGISTRATION NUMBER: 13862394
WA Cook (Castleford) Ltd
Filleted Unaudited Financial Statements
31 January 2024
WA Cook (Castleford) Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
33,750
45,000
Current assets
Stocks
3,000
3,000
Debtors
6
3,302
Cash at bank and in hand
67,034
44,233
--------
--------
73,336
47,233
Creditors: amounts falling due within one year
7
( 38,805)
( 27,852)
--------
--------
Net current assets
34,531
19,381
--------
--------
Total assets less current liabilities
68,281
64,381
Creditors: amounts falling due after more than one year
8
( 33,333)
( 49,167)
Provisions
Taxation including deferred tax
( 6,413)
--------
--------
Net assets
28,535
15,214
--------
--------
WA Cook (Castleford) Ltd
Statement of Financial Position (continued)
31 January 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
101
101
Profit and loss account
28,434
15,113
--------
--------
Shareholders funds
28,535
15,214
--------
--------
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 comprehensive income has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
L Lynch
Director
Company registration number: 13862394
WA Cook (Castleford) Ltd
Notes to the Financial Statements
Year ended 31 January 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 Carr Lane, Castleford, West Yorkshire, WF10 4PL.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Revenue recognition
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. 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.
Income tax
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
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 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 contact activity progresses.
Financial instruments
Basic financial instruments are recognised at amortised cost. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 February 2023 and 31 January 2024
55,000
5,000
60,000
--------
--------
--------
Depreciation
At 1 February 2023
13,750
1,250
15,000
Charge for the year
10,313
937
11,250
--------
--------
--------
At 31 January 2024
24,063
2,187
26,250
--------
--------
--------
Carrying amount
At 31 January 2024
30,937
2,813
33,750
--------
--------
--------
At 31 January 2023
41,250
3,750
45,000
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
687
Other debtors
2,615
--------
--------
3,302
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,215
Corporation tax
1,993
Social security and other taxes
2,244
8,186
Other creditors
30,353
19,666
--------
--------
38,805
27,852
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
33,333
49,167
--------
--------
9. Director's advances, credits and guarantees
No advances were made to any director of the company during the year and no amounts in respect of advances to directors were outstanding at the year end. The company has not provided any guarantees on behalf of its directors during the year.