The Willberry Wonder Pony Trading Company Limited 10226885 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the sale of merchandise and soft toys branded with Willberry Wonder Pony. Digita Accounts Production Advanced 6.30.9574.0 true 10226885 2023-04-01 2024-03-31 10226885 2024-03-31 10226885 core:ShareCapital 2024-03-31 10226885 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10226885 core:MotorVehicles 2024-03-31 10226885 bus:SmallEntities 2023-04-01 2024-03-31 10226885 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10226885 bus:FullAccounts 2023-04-01 2024-03-31 10226885 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10226885 bus:RegisteredOffice 2023-04-01 2024-03-31 10226885 bus:Director3 2023-04-01 2024-03-31 10226885 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10226885 core:MotorVehicles 2023-04-01 2024-03-31 10226885 core:ParentEntities 2023-04-01 2024-03-31 10226885 countries:EnglandWales 2023-04-01 2024-03-31 10226885 2023-03-31 10226885 core:MotorVehicles 2023-03-31 10226885 2022-04-01 2023-03-31 10226885 2023-03-31 10226885 core:ShareCapital 2023-03-31 10226885 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10226885 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

The Willberry Wonder Pony Trading Company Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 10226885

 

The Willberry Wonder Pony Trading Company Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

The Willberry Wonder Pony Trading Company Limited

Balance Sheet

31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

26,673

23,542

Cash at bank and in hand

 

2,616

8,962

 

29,289

32,504

Creditors: Amounts falling due within one year

5

(29,288)

(32,503)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 October 2024 and signed on its behalf by:
 

.........................................
I A Peters
Director

Company Registration Number: 10226885

 

The Willberry Wonder Pony Trading Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Farm
Hemington
Radstock
BA3 5XX

These financial statements were authorised for issue by the Board on 21 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 Section 1A, and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the value of goods sold during the year, net of Value Added Tax and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

Straight line over 1 year

 

The Willberry Wonder Pony Trading Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Stocks

Stock of goods is valued at the lower of cost and net realisable value. Cost represents the selling price of completed goods less any costs necessary to complete the goods. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

The Willberry Wonder Pony Trading Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

27,800

27,800

At 31 March 2024

27,800

27,800

Depreciation

At 1 April 2023

27,800

27,800

At 31 March 2024

27,800

27,800

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

-

-

5

Creditors

Creditors: amounts falling due within one year

2024
 £

2023
 £

Due within one year

Amounts due to group undertakings

27,638

12,837

Other creditors

-

18,016

Accrued expenses

1,650

1,650

29,288

32,503

6

Related party transactions

Summary of transactions with parent

The company has taken advantage of the exemption in Financial Reporting Standard 102 chapter 33 "Related Party Disclosure" and has not disclosed transactions with wholly owned group undertakings.