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REGISTERED NUMBER: 04370696 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Worboys Antique Restorers Limited

Worboys Antique Restorers Limited (Registered number: 04370696)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Worboys Antique Restorers Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: N V Worboys
Mrs C Worboys





SECRETARY: A Worboys





REGISTERED OFFICE: 18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG





REGISTERED NUMBER: 04370696 (England and Wales)





ACCOUNTANTS: Lawson & Co.
18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG

Worboys Antique Restorers Limited (Registered number: 04370696)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 192,709 192,035
Cash at bank 476 88
193,185 192,123
CREDITORS
Amounts falling due within one year 5 12,771 14,236
NET CURRENT ASSETS 180,414 177,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,414

177,887

CREDITORS
Amounts falling due after more than one
year

6

12,486

20,833
NET ASSETS 167,928 157,054

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 167,927 157,053
SHAREHOLDERS' FUNDS 167,928 157,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




N V Worboys - Director


Worboys Antique Restorers Limited (Registered number: 04370696)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Worboys Antique Restorers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,302 3,076
Amounts owed by group undertakings 184,188 181,775
Other debtors 7,219 7,184
192,709 192,035

Worboys Antique Restorers Limited (Registered number: 04370696)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,664 -
Taxation and social security 5,866 12,922
Other creditors 1,241 1,314
12,771 14,236

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,486 20,833

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 March 2023 157,053
Profit for the year 10,874
At 29 February 2024 167,927

9. RELATED PARTY DISCLOSURES

During the year the company paid £6,000 (2023: £6,000) in rent for use of premises to a related company Worboys & Johnston Limited. Services to the value of £NIL (2023: £4,235) were provided to that company. At the year end there was a balance owing to the company from Worboys & Johnston Limited of £184,188 (2023: £181,775) as shown in Note 6.

The company is controlled by director and shareholder Mr. N. Worboys.

During the year the director, in his capacity as a shareholder, has received dividends amounting to £NIL (2023: £9,000).