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Registered number: 10579270
Old Willow Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10579270
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,276 49,930
65,276 49,930
CURRENT ASSETS
Stocks 5 50,000 -
Debtors 6 10,889 61,729
Cash at bank and in hand 89,236 65,785
150,125 127,514
Creditors: Amounts Falling Due Within One Year 7 (46,529 ) (39,179 )
NET CURRENT ASSETS (LIABILITIES) 103,596 88,335
TOTAL ASSETS LESS CURRENT LIABILITIES 168,872 138,265
Creditors: Amounts Falling Due After More Than One Year 8 (71,275 ) (7,083 )
NET ASSETS 97,597 131,182
CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Income Statement 97,595 131,180
SHAREHOLDERS' FUNDS 97,597 131,182
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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.
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 Income Statement.
On behalf of the board
Mr A S Cryer
Director
28th October 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
Old Willow Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10579270 . The registered office is Heritage Exchange, South Lane, Elland, HX5 0HG.
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 for goods supplied and services rendered, net of discounts and Value Added Tax.
2.3. 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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
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 stocks to their present location and condition.
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2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. 
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 43,165 27,374 70,539
Additions 1,850 47,329 49,179
Disposals - (25,778 ) (25,778 )
As at 31 January 2024 45,015 48,925 93,940
Depreciation
As at 1 February 2023 8,633 11,976 20,609
Provided during the period 7,276 12,057 19,333
Disposals - (11,278 ) (11,278 )
As at 31 January 2024 15,909 12,755 28,664
Net Book Value
As at 31 January 2024 29,106 36,170 65,276
As at 1 February 2023 34,532 15,398 49,930
5. Stocks
2024 2023
£ £
Work in progress 50,000 -
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,889 61,729
10,889 61,729
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,786 5,000
Trade creditors 35,057 26,398
Corporation tax - 6,027
Other taxes and social security 3,360 454
Accruals and deferred income 1,300 1,300
Director's loan account 26 -
46,529 39,179
Net obligations under finance lease and hire purchase contracts are secured against the assets to which they
relate.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,275 7,083
Other loans 51,000 -
71,275 7,083
Net obligations under finance lease and hire purchase contracts are secured against the assets to which they
relate.
Other loans are unsecured and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr A Cryer by virtue of his ownership of 100% of the issued share capital in the company.
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