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REGISTERED NUMBER: 01803347 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WAKEFLEET LIMITED

WAKEFLEET LIMITED (REGISTERED NUMBER: 01803347)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WAKEFLEET LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: M D Johnson





REGISTERED OFFICE: Halford Bridge Garage
Halford
Shipston-on-Stour
Warwickshire
CV36 5BN





REGISTERED NUMBER: 01803347 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

WAKEFLEET LIMITED (REGISTERED NUMBER: 01803347)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,534 34,621

CURRENT ASSETS
Stocks 160,302 147,225
Debtors 5 3,840 4,298
Cash at bank and in hand 662,812 650,749
826,954 802,272
CREDITORS
Amounts falling due within one year 6 172,875 144,081
NET CURRENT ASSETS 654,079 658,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,613

692,812

CREDITORS
Amounts falling due after more than one
year

7

29,546

56,818
NET ASSETS 662,067 635,994

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 661,967 635,894
662,067 635,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WAKEFLEET LIMITED (REGISTERED NUMBER: 01803347)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





M D Johnson - Director


WAKEFLEET LIMITED (REGISTERED NUMBER: 01803347)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Wakefleet 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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
During the year, the company made pension contributions into a private pension scheme for the director, chosen by the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

WAKEFLEET LIMITED (REGISTERED NUMBER: 01803347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 32,646 47,866 80,512
Additions - 5,165 5,165
Disposals - (3,500 ) (3,500 )
At 30 April 2024 32,646 49,531 82,177
DEPRECIATION
At 1 May 2023 - 45,891 45,891
Charge for year - 1,785 1,785
Eliminated on disposal - (3,033 ) (3,033 )
At 30 April 2024 - 44,643 44,643
NET BOOK VALUE
At 30 April 2024 32,646 4,888 37,534
At 30 April 2023 32,646 1,975 34,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,840 4,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,273 27,273
Trade creditors 95,523 91,134
Taxation and social security 49,529 25,012
Other creditors 550 662
172,875 144,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,546 56,818

WAKEFLEET LIMITED (REGISTERED NUMBER: 01803347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Trade creditors 50,603 49,043

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company occupies premised owned by the director and his wife, during the year the company paid rent amounting to £5,952 (2023 £11,352). No amounts were outstanding at the year end.

10. RELATED PARTY DISCLOSURES

At the year end other creditors include loans made to the company by its director amounting to £150 (2023 £262). The loans are interest free with no fixed date for repayment.

11. CONTROLLING PARTY

The controlling party is M D Johnson.