Registered number
06807729
WARMAN (U.K.) LIMITED
Filleted Accounts
30 April 2024
WARMAN (U.K.) LIMITED
Registered number: 06807729
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 25,207 30,593
Current assets
Stocks 67,000 67,000
Debtors 5 213,793 167,182
Investments held as current assets 6 262 262
Cash at bank and in hand 77,043 31,541
358,098 265,985
Creditors: amounts falling due within one year 7 (188,704) (148,805)
Net current assets 169,394 117,180
Total assets less current liabilities 194,601 147,773
Creditors: amounts falling due after more than one year 8 (22,897) (43,017)
Net assets 171,704 104,756
Capital and reserves
Called up share capital 1,240 1,240
Profit and loss account 170,464 103,516
Shareholders' funds 171,704 104,756
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C. Warman
Director
Approved by the board on 20 September 2024
WARMAN (U.K.) LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 45 45
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 42,436
At 30 April 2024 42,436
Amortisation
At 1 May 2023 42,436
At 30 April 2024 42,436
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 7,738 75,965 44,373 128,076
At 30 April 2024 7,738 75,965 44,373 128,076
Depreciation
At 1 May 2023 2,851 59,937 34,695 97,483
Charge for the year 244 3,206 1,936 5,386
At 30 April 2024 3,095 63,143 36,631 102,869
Net book value
At 30 April 2024 4,643 12,822 7,742 25,207
At 30 April 2023 4,887 16,028 9,678 30,593
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 209,793 163,182
Other debtors 4,000 4,000
213,793 167,182
6 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 262 262
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,283 5,086
Directors loan account (1,998) 820
Corporation tax 53,512 18,485
Other taxes and social security costs 11,640 6,435
Value Added Tax 45,237 39,928
Other creditors 78,030 78,051
188,704 148,805
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,897 43,017
9 Other information
WARMAN (U.K.) LIMITED is a private company limited by shares and incorporated in England.
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