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Registered number: 13782173
Wavey Grain Woodwork Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Evans & Evans Ltd
24A St Radigunds Road
Dover
Kent
CT17 0JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13782173
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,988 18,651
13,988 18,651
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 212 215
3,212 3,215
Creditors: Amounts Falling Due Within One Year 7 (34,728 ) (34,174 )
NET CURRENT ASSETS (LIABILITIES) (31,516 ) (30,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,528 ) (12,308 )
NET LIABILITIES (17,528 ) (12,308 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (17,529 ) (12,309 )
SHAREHOLDERS' FUNDS (17,528) (12,308)
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For the year ending 30 November 2023 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 Profit and Loss Account.
On behalf of the board
Mr Neal Twyman
Director
19 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wavey Grain Woodwork Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13782173 . The registered office is First Floor, 24A St Radigunds Road , Dover, Kent, CT17 0JY.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
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.
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:
Leasehold 20% Straight Line
Plant & Machinery 20% Straight Line
2.4. Stocks and Work in Progress
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 contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 December 2022 9,076 14,238 23,314
As at 30 November 2023 9,076 14,238 23,314
Depreciation
As at 1 December 2022 1,815 2,848 4,663
Provided during the period 1,815 2,848 4,663
As at 30 November 2023 3,630 5,696 9,326
Net Book Value
As at 30 November 2023 5,446 8,542 13,988
As at 1 December 2022 7,261 11,390 18,651
5. Stocks
2023 2022
£ £
Materials 3,000 3,000
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 212 215
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 750 750
Director's loan account 33,978 33,424
34,728 34,174
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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