Company registration number 08572573 (England and Wales)
WYCLIFFE HALL SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
WYCLIFFE HALL SERVICES LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
WYCLIFFE HALL SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 JULY 2024
- 1 -
Period
Year
ended
ended
31 July
30 June
2024
2023
£
£
Turnover
506,574
374,948
Administrative expenses
(212,216)
(107,922)
Profit before taxation
294,358
267,026
Tax on profit
Profit for the financial Period
294,358
267,026
The profit and loss account has been prepared on the basis that all operations are continuing operations.
WYCLIFFE HALL SERVICES LIMITED
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 2 -
31 July 2024
30 June 2023
Notes
£
£
£
£
Current assets
Debtors
4
73,648
42,992
Cash at bank and in hand
210,440
201,498
284,088
244,490
Creditors: amounts falling due within one year
5
(259,730)
(230,464)
Net current assets
24,358
14,026
Capital and reserves
Called up share capital
Profit and loss reserves
24,358
14,026
Total equity
24,358
14,026
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 November 2024 and are signed on its behalf by:
I Barnetson
P Lindon
Director
Director
Company registration number 08572573 (England and Wales)
WYCLIFFE HALL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
Wycliffe Hall Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 54 Banbury Road, Oxford, OX2 6PW.
1.1
Reporting period
The financial year end has changed during the period to 31 July. This adjustment has been made to aid reporting and align the year-end with similar entities. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised when the service is provided and amounts received in advance are recorded within creditors.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.
Basic financial liabilities
Basic financial liabilities, including creditors and amounts owed to fellow group undertakings are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
WYCLIFFE HALL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are 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 considered to be 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 periods. The directors do not consider that there are any key areas of judgement or estimation uncertainty in the financial statements.
3
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2024
2023
Number
Number
Total
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
48,365
28,426
Accrued income
25,283
14,566
73,648
42,992
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
108,741
23,466
Amounts owed to group undertakings
136,429
89,946
Taxation and social security
33,582
Accruals and deferred income
14,560
83,470
259,730
230,464
WYCLIFFE HALL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 5 -
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Robert Kirtland
Statutory Auditor:
Critchleys Audit LLP
Date of audit report:
29 November 2024
7
Ultimate controlling party
The company's immediate parent is Wycliffe Hall, incorporated England and Wales who prepare the consolidated financial statements.