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REGISTERED NUMBER: 08497255 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 April 2024

for

Wattle Solutions Ltd

Wattle Solutions Ltd (Registered number: 08497255)






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


Wattle Solutions Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr D W Abraham
Mrs K Abraham





REGISTERED OFFICE: Unit 7 Pinkers Court
Briarlands Office Park
Gloucester Road, Rudgeway
Bristol
BS35 3QH





REGISTERED NUMBER: 08497255 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Wattle Solutions Ltd (Registered number: 08497255)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,602 12,734

CURRENT ASSETS
Debtors 5 396,903 486,915
Cash at bank 169,775 35,110
566,678 522,025
CREDITORS
Amounts falling due within one year 6 511,509 508,901
NET CURRENT ASSETS 55,169 13,124
TOTAL ASSETS LESS CURRENT LIABILITIES 71,771 25,858

CREDITORS
Amounts falling due after more than one year 7 (14,168 ) (24,167 )

PROVISIONS FOR LIABILITIES (4,111 ) (1,621 )
NET ASSETS 53,492 70

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 53,490 68
SHAREHOLDERS' FUNDS 53,492 70

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 directors acknowledge their 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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:



Mrs K Abraham - Director


Wattle Solutions Ltd (Registered number: 08497255)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wattle Solutions Ltd 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.
Fixtures and fittings - 33.33% on cost
Computer equipment - 33.33% on cost

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 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight-line basis over the period of the lease

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 29 ) .

Wattle Solutions Ltd (Registered number: 08497255)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 10,600 64,062 74,662
Additions - 13,340 13,340
At 30 April 2024 10,600 77,402 88,002
DEPRECIATION
At 1 May 2023 9,949 51,979 61,928
Charge for year 651 8,821 9,472
At 30 April 2024 10,600 60,800 71,400
NET BOOK VALUE
At 30 April 2024 - 16,602 16,602
At 30 April 2023 651 12,083 12,734

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 146,835 96,807
Other debtors 6,000 6,000
Directors' current accounts 148,800 119,277
Tax 73,414 103,706
Accrued income 16,256 161,125
Prepayments 5,598 -
396,903 486,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 62,926 26,968
Tax 10,383 40,256
Social security and other taxes 92,056 209,010
VAT 296,343 177,554
Other creditors 36,260 27,356
Accruals and deferred income 3,541 17,757
511,509 508,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,168 14,167
14,168 24,167

Wattle Solutions Ltd (Registered number: 08497255)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 24,168 34,167

Bank loans relates to a Bounce Back Loan. The government has provided security for the full amount.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 May 2023 68
Profit for the year 244,754
Dividends (191,332 )
At 30 April 2024 53,490

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mrs K Abraham and Mr D W Abraham
Balance outstanding at start of year 119,277 (3,994 )
Amounts advanced 30,147 123,895
Amounts repaid (624 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 148,800 119,277

Interest is being charged on the overdrawn amount at 3% per annum.