W B Liverpool Limited
Company Registration No. 05497646 (England And Wales)
Unaudited Financial Statements
Year Ended 31 July 2024
W B LIVERPOOL LIMITED
W B Liverpool Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
W B LIVERPOOL LIMITED
W B Liverpool Limited
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,774
1,892
Current assets
Stocks
2,238
1,933
Debtors
5
22,798
19,953
Cash at bank and in hand
114,324
126,121
139,360
148,007
Creditors: amounts falling due within one year
6
(114,991)
(119,367)
Net current assets
24,369
28,640
Total assets less current liabilities
26,143
30,532
Creditors: amounts falling due after more than one year
7
(8,334)
(18,333)
Provisions for liabilities
(476)
(473)
Net assets
17,333
11,726
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
17,233
11,626
Total equity
17,333
11,726
W B LIVERPOOL LIMITED
W B Liverpool Limited
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 January 2025
Mrs A J Ogden
Director
Company Registration No. 05497646
W B LIVERPOOL LIMITED
W B Liverpool Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

W B Liverpool Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Malham Close, Whittle Hall, Great Sankey, Warrington, Cheshire, WA5 3RS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 33% Straight Line
Fixtures and fittings
- 33% Reducing Balance
Computers
- 33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

W B LIVERPOOL LIMITED
W B Liverpool Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
W B LIVERPOOL LIMITED
W B Liverpool Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
19
21
W B LIVERPOOL LIMITED
W B Liverpool Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 August 2023
2,011
28,113
24,570
54,694
Additions
-
0
-
0
1,092
1,092
At 31 July 2024
2,011
28,113
25,662
55,786
Depreciation and impairment
At 1 August 2023
2,011
27,006
23,785
52,802
Depreciation charged in the year
-
0
365
845
1,210
At 31 July 2024
2,011
27,371
24,630
54,012
Carrying amount
At 31 July 2024
-
0
742
1,032
1,774
At 31 July 2023
-
0
1,107
785
1,892
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,910
2,386
Other debtors
20,888
17,567
22,798
19,953
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
8,767
13,431
Taxation and social security
61,805
44,893
Other creditors
34,419
51,043
114,991
119,367
W B LIVERPOOL LIMITED
W B Liverpool Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Other borrowings
8,334
18,333
8
Other borrowings

Included in other creditors is an amount of £18,333 (2023: £8,333) which is subject to a UK Government guarantee.The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

 

 

9
Directors' transactions

At 31 July 2024 the Director owed £11,363 (2023 - £11,378) to the company. No interest has been charged to the Director in respect of this loan which is repayable on demand and classified in debtors due within one year.

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