1 June 2023 false No description of principal activity Taxfiler 2024.6.1 12609173business:PrivateLimitedCompanyLtd2023-06-012024-05-31 126091732023-05-31 126091732023-06-012024-05-31 12609173business:AuditExemptWithAccountantsReport2023-06-012024-05-31 12609173business:FilletedAccounts2023-06-012024-05-31 126091732024-05-31 12609173business:Director12023-06-012024-05-31 12609173business:RegisteredOffice2023-06-012024-05-31 126091732023-05-31 12609173core:WithinOneYear2024-05-31 12609173core:WithinOneYear2023-05-31 12609173core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 12609173core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 12609173core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 12609173core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 12609173core:PreviouslyStatedAmount2024-05-31 12609173core:PreviouslyStatedAmount2023-05-31 12609173business:SmallEntities2023-06-012024-05-31 12609173countries:EnglandWales2023-06-012024-05-31 12609173core:ComputerEquipment2023-06-012024-05-31 12609173core:ComputerEquipment2023-05-31 12609173core:ComputerEquipment2024-05-31 126091732022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 12609173 (England and Wales)
Wilde Collective Ltd Unaudited accounts for the year ended 31 May 2024
Wilde Collective Ltd Unaudited accounts Contents
Page
- 2 -
Wilde Collective Ltd Company Information for the year ended 31 May 2024
Director
Sheena Wilden
Company Number
12609173 (England and Wales)
Registered Office
61 Bridge Street Kington Herefordshire HR5 3DJ United Kingdom
Accountants
Taylor Evans Accountancy 83 Ducie Street Manchester M1 2JQ
- 3 -
Wilde Collective Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
333 
444 
Current assets
Inventories
582 
582 
Debtors
1,184 
28,013 
Cash at bank and in hand
93 
3,287 
1,859 
31,882 
Creditors: amounts falling due within one year
(124,932)
(123,550)
Net current liabilities
(123,073)
(91,668)
Total assets less current liabilities
(122,740)
(91,224)
Provisions for liabilities
Deferred tax
(64)
(85)
Net liabilities
(122,804)
(91,309)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(122,805)
(91,310)
Shareholders' funds
(122,804)
(91,309)
For the year ending 31 May 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 her 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 16 January 2025 and were signed on its behalf by
Sheena Wilden Director Company Registration No. 12609173
- 4 -
Wilde Collective Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Wilde Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 12609173. The registered office is 61 Bridge Street, Kington, Herefordshire, HR5 3DJ, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
- 5 -
Wilde Collective Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
748 
At 31 May 2024
748 
Depreciation
At 1 June 2023
304 
Charge for the year
111 
At 31 May 2024
415 
Net book value
At 31 May 2024
333 
At 31 May 2023
444 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
582 
582 
582 
582 
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,184 
28,013 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,552 
8,929 
Trade creditors
- 
1,517 
Loans from directors
120,380 
113,104 
124,932 
123,550 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -