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REGISTERED NUMBER: 08987630 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WYCHWOOD ART LIMITED

WYCHWOOD ART LIMITED (REGISTERED NUMBER: 08987630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WYCHWOOD ART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mrs D F Allan





REGISTERED OFFICE: The Town Hall
Market Place
Deddington
BANBURY
Oxfordshire
OX15 0SE





REGISTERED NUMBER: 08987630 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

WYCHWOOD ART LIMITED (REGISTERED NUMBER: 08987630)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,594 10,862

CURRENT ASSETS
Stocks 5 500 500
Debtors 6 33,711 26,483
Cash at bank 78,648 150,481
112,859 177,464
CREDITORS
Amounts falling due within one year 7 24,209 50,016
NET CURRENT ASSETS 88,650 127,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,244

138,310

PROVISIONS FOR LIABILITIES 10,753 2,100
NET ASSETS 134,491 136,210

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 134,341 136,060
SHAREHOLDERS' FUNDS 134,491 136,210

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 her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:



Mrs D F Allan - Director


WYCHWOOD ART LIMITED (REGISTERED NUMBER: 08987630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Wychwood Art 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net commissions receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WYCHWOOD ART LIMITED (REGISTERED NUMBER: 08987630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 13,620 4,148 17,768
Additions 63,500 1,477 64,977
At 30 April 2024 77,120 5,625 82,745
DEPRECIATION
At 1 May 2023 3,405 3,501 6,906
Charge for year 18,429 816 19,245
At 30 April 2024 21,834 4,317 26,151
NET BOOK VALUE
At 30 April 2024 55,286 1,308 56,594
At 30 April 2023 10,215 647 10,862

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 500 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 11,911 4,683
Other debtors 21,800 21,800
33,711 26,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 8,521 13,527
Tax 5,246 21,391
Social security and other taxes 2,088 1,943
VAT 5,333 6,103
Other creditors - 3,930
Directors' current accounts 206 169
Accrued expenses 2,815 2,953
24,209 50,016

8. LEASING AGREEMENTS

Total future lease commitments payable under non-cancellable operating leases amount to £6,000 (2023 £6,000).

WYCHWOOD ART LIMITED (REGISTERED NUMBER: 08987630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
150 150

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its director and majority shareholder Mrs D Allan.