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Registered Number: 08882470
England and Wales

 

 

 

WARMLINE BUSINESS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 42,278   
Tangible fixed assets 4 22,599    22,821 
64,877    22,821 
Current assets      
Stocks 117,500    82,750 
Debtors 10,000    103 
Cash at bank and in hand 33,327    30,392 
160,827    113,245 
Creditors: amount falling due within one year (147,048)   (68,189)
Net current assets 13,779    45,056 
 
Total assets less current liabilities 78,656    67,877 
Creditors: amount falling due after more than one year (50,000)   (50,000)
Net assets 28,656    17,877 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 28,556    17,777 
Shareholders' funds 28,656    17,877 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 November 2024 and were signed by:


-------------------------------
Naveed Mohiuddin
Director
1
General Information
WARMLINE BUSINESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08882470, registration address C/O CARTER PEARSON LIMITED, 373 High Street North, London, E12 6PG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 March 2023  
Additions 44,040    44,040 
Disposals  
At 29 February 2024 44,040    44,040 
Amortisation
At 01 March 2023  
Charge for year 1,762    1,762 
On disposals  
At 29 February 2024 1,762    1,762 
Net book values
At 29 February 2024 42,278    42,278 
At 28 February 2023  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 26,090    7,140    10,301    43,531 
Additions 3,700      3,297    6,997 
Disposals      
At 29 February 2024 29,790    7,140    13,598    50,528 
Depreciation
At 01 March 2023 12,917    1,785    6,008    20,710 
Charge for year 3,375    1,339    2,505    7,219 
On disposals      
At 29 February 2024 16,292    3,124    8,513    27,929 
Net book values
Closing balance as at 29 February 2024 13,498    4,016    5,085    22,599 
Opening balance as at 01 March 2023 13,173    5,355    4,293    22,821 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2