Company Registration No. 07161792 (England and Wales)
Wye Canoes Limited
Unaudited accounts
for the year ended 29 February 2024
Wye Canoes Limited
Unaudited accounts
Contents
Wye Canoes Limited
Company Information
for the year ended 29 February 2024
Director
Stuart Graham Wyley
Company Number
07161792 (England and Wales)
Accountants
Davies Business Consultancy
63 Norfolk Road
Littlehampton
West Sussex
BN17 5HE
Wye Canoes Limited
Statement of financial position
as at 29 February 2024
Tangible assets
100,514
118,557
Cash at bank and in hand
(184)
2,771
Creditors: amounts falling due within one year
(230,212)
(159,612)
Net current liabilities
(230,396)
(156,841)
Net liabilities
(129,882)
(38,284)
Called up share capital
100
100
Profit and loss account
(129,982)
(38,384)
Shareholders' funds
(129,882)
(38,284)
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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Stuart Graham Wyley
Director
Company Registration No. 07161792
Wye Canoes Limited
Notes to the Accounts
for the year ended 29 February 2024
Wye Canoes Limited is a private company, limited by shares, registered in England and Wales, registration number 07161792.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
147,586
77,980
3,658
229,224
Additions
8,058
-
27
8,085
At 29 February 2024
155,644
77,980
3,685
237,309
At 1 March 2023
92,572
17,117
978
110,667
Charge for the year
11,527
14,029
572
26,128
At 29 February 2024
104,099
31,146
1,550
136,795
At 29 February 2024
51,545
46,834
2,135
100,514
At 28 February 2023
55,014
60,863
2,680
118,557
Wye Canoes Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
177,308
130,720
Trade creditors
5,738
16,948
Taxes and social security
(1,196)
(18)
Other creditors
2,464
(26,298)
Loans from directors
15,598
10,039
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to directors
(26,855)
-
-
(26,855)
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).