IRIS Accounts Production v24.3.0.553 07078874 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070788742022-11-30070788742023-11-30070788742022-12-012023-11-30070788742021-11-30070788742021-12-012022-11-30070788742022-11-3007078874ns15:EnglandWales2022-12-012023-11-3007078874ns14:PoundSterling2022-12-012023-11-3007078874ns10:Director12022-12-012023-11-3007078874ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007078874ns10:SmallEntities2022-12-012023-11-3007078874ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007078874ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007078874ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007078874ns10:FullAccounts2022-12-012023-11-300707887412022-12-012023-11-3007078874ns10:Director22022-12-012023-11-3007078874ns10:RegisteredOffice2022-12-012023-11-3007078874ns5:CurrentFinancialInstruments2023-11-3007078874ns5:CurrentFinancialInstruments2022-11-3007078874ns5:Non-currentFinancialInstruments2023-11-3007078874ns5:Non-currentFinancialInstruments2022-11-3007078874ns5:ShareCapital2023-11-3007078874ns5:ShareCapital2022-11-3007078874ns5:RetainedEarningsAccumulatedLosses2023-11-3007078874ns5:RetainedEarningsAccumulatedLosses2022-11-3007078874ns5:NetGoodwill2022-12-012023-11-3007078874ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-12-012023-11-3007078874ns5:LeaseholdImprovements2022-12-012023-11-3007078874ns5:PlantMachinery2022-12-012023-11-3007078874ns5:FurnitureFittings2022-12-012023-11-3007078874ns5:ComputerEquipment2022-12-012023-11-3007078874ns5:NetGoodwill2022-11-3007078874ns5:NetGoodwill2023-11-3007078874ns5:NetGoodwill2022-11-3007078874ns5:LandBuildings2022-11-3007078874ns5:LeaseholdImprovements2022-11-3007078874ns5:PlantMachinery2022-11-3007078874ns5:LandBuildings2022-12-012023-11-3007078874ns5:LandBuildings2023-11-3007078874ns5:LeaseholdImprovements2023-11-3007078874ns5:PlantMachinery2023-11-3007078874ns5:LandBuildings2022-11-3007078874ns5:LeaseholdImprovements2022-11-3007078874ns5:PlantMachinery2022-11-3007078874ns5:FurnitureFittings2022-11-3007078874ns5:ComputerEquipment2022-11-3007078874ns5:FurnitureFittings2023-11-3007078874ns5:ComputerEquipment2023-11-3007078874ns5:FurnitureFittings2022-11-3007078874ns5:ComputerEquipment2022-11-3007078874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007078874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007078874ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3007078874ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-3007078874ns5:Secured2023-11-3007078874ns5:Secured2022-11-3007078874ns10:Director222022-11-3007078874ns10:Director222021-11-3007078874ns10:Director222022-12-012023-11-3007078874ns10:Director222021-12-012022-11-3007078874ns10:Director222023-11-3007078874ns10:Director222022-11-30
REGISTERED NUMBER: 07078874 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

WILDRIDINGS LIMITED

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILDRIDINGS LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Dr R Rijal





REGISTERED OFFICE: 20 Park Road
Bracknell
Berkshire
RG12 2LU





REGISTERED NUMBER: 07078874 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 62,001 124,001
Property, plant and equipment 5 320,023 341,324
382,024 465,325

CURRENT ASSETS
Inventories 6,500 6,250
Debtors 6 1,331,732 971,194
Cash at bank and in hand 24,520 250,353
1,362,752 1,227,797
CREDITORS
Amounts falling due within one year 7 289,113 343,516
NET CURRENT ASSETS 1,073,639 884,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,455,663

1,349,606

CREDITORS
Amounts falling due after more than one
year

8

950,502

889,996
NET ASSETS 505,161 459,610

CAPITAL AND RESERVES
Called up share capital 100,501 100,501
Retained earnings 404,660 359,109
SHAREHOLDERS' FUNDS 505,161 459,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Balance Sheet - continued
30 NOVEMBER 2023


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 director and authorised for issue on 28 November 2024 and were signed by:





Dr K Rijal - Director


WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Wildridings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future period.There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is recognised at the point the company has transferred to the buyer the significant risks and rewards, the amount of the revenue can be measured reliably and it is probable the economic benefits associated with the transactions will flow to the company.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.It is amortised to profit and loss account over its estimated life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Leasehold improvements - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.
Such cost includes costs directly attributable to making the asset capable of operating as intended. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 13 ) .

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 957,504
AMORTISATION
At 1 December 2022 833,503
Charge for year 62,000
At 30 November 2023 895,503
NET BOOK VALUE
At 30 November 2023 62,001
At 30 November 2022 124,001

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 December 2022
and 30 November 2023 342,375 24,555 76,846
DEPRECIATION
At 1 December 2022 20,543 24,555 62,808
Charge for year 6,847 - 12,644
At 30 November 2023 27,390 24,555 75,452
NET BOOK VALUE
At 30 November 2023 314,985 - 1,394
At 30 November 2022 321,832 - 14,038

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 14,333 2,998 461,107
DEPRECIATION
At 1 December 2022 10,166 1,711 119,783
Charge for year 1,166 644 21,301
At 30 November 2023 11,332 2,355 141,084
NET BOOK VALUE
At 30 November 2023 3,001 643 320,023
At 30 November 2022 4,167 1,287 341,324

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 88,329 6,999
Amounts owed by connected companies 1,224,548 946,347
Other debtors 12,220 11,932
1,325,097 965,278

Amounts falling due after more than one year:
Other debtors 6,635 5,916

Aggregate amounts 1,331,732 971,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 107,276 126,016
Trade creditors 15,371 29,009
Taxation and social security 72,070 56,477
Other creditors 94,396 132,014
289,113 343,516

WILDRIDINGS LIMITED (REGISTERED NUMBER: 07078874)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 930,502 869,996
Other creditors 20,000 20,000
950,502 889,996

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 539,239 456,905

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,037,778 996,012

Bank loans are secured by way of fixed and floating charges over the assets of the company and contains a negative pledge.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Dr R Rijal
Balance outstanding at start of year - 98,740
Amounts advanced - 91,508
Amounts repaid - (190,248 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is a balance of £1,224,547.67 (2022: £946,347) due from a connected company. This balance is interest free and repayable on demand.