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COMPANY REGISTRATION NUMBER: 01522517
Wardholt Limited
Filleted Unaudited Abridged Financial Statements
29 February 2024
Wardholt Limited
Abridged Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Current assets
Stocks
7,500
7,500
Debtors
636
Cash at bank and in hand
1,970
2,614
--------
--------
10,106
10,114
Creditors: amounts falling due within one year
49,927
50,782
--------
--------
Net current liabilities
39,821
40,668
--------
--------
Total assets less current liabilities
( 39,821)
( 40,668)
--------
--------
Net liabilities
( 39,821)
( 40,668)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 39,921)
( 40,768)
--------
--------
Shareholders deficit
( 39,821)
( 40,668)
--------
--------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 29 February 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Wardholt Limited
Abridged Statement of Financial Position (continued)
29 February 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
Mrs P McCloskey
Director
Company registration number: 01522517
Wardholt Limited
Notes to the Abridged Financial Statements
Year ended 29 February 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 8 Burwell Drive, Stockton-on-Tees, TS19 7JX.
2. Statement of compliance
These abridged 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 abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
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 stock to its present location and condition.
4. Related party transactions
The company was under the control of Mrs P McCloskey throughout the current and previous year. Mrs McCloskey is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.