IRIS Accounts Production v24.3.2.46 06815308 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068153082023-06-30068153082024-06-30068153082023-07-012024-06-30068153082022-06-30068153082022-07-012023-06-30068153082023-06-3006815308ns15:EnglandWales2023-07-012024-06-3006815308ns14:PoundSterling2023-07-012024-06-3006815308ns10:Director12023-07-012024-06-3006815308ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006815308ns10:SmallEntities2023-07-012024-06-3006815308ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006815308ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006815308ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006815308ns10:FullAccounts2023-07-012024-06-3006815308ns10:Director22023-07-012024-06-3006815308ns10:CompanySecretary12023-07-012024-06-3006815308ns10:RegisteredOffice2023-07-012024-06-3006815308ns5:CurrentFinancialInstruments2024-06-3006815308ns5:CurrentFinancialInstruments2023-06-3006815308ns5:ShareCapital2024-06-3006815308ns5:ShareCapital2023-06-3006815308ns5:RetainedEarningsAccumulatedLosses2024-06-3006815308ns5:RetainedEarningsAccumulatedLosses2023-06-3006815308ns5:PlantMachinery2023-07-012024-06-3006815308ns5:MotorVehicles2023-07-012024-06-3006815308ns5:ComputerEquipment2023-07-012024-06-3006815308ns5:PlantMachinery2023-06-3006815308ns5:PlantMachinery2024-06-3006815308ns5:PlantMachinery2023-06-3006815308ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006815308ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 06815308 (England and Wales)












WILLOW HOMES LINCOLNSHIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WILLOW HOMES LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 06815308)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLOW HOMES LINCOLNSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M A Robinson
E B Robinson





SECRETARY: M A Robinson





REGISTERED OFFICE: The Paddocks
30 Vicarage Lane
Helpringham
Sleaford
Lincolnshire
NG34 0RP





REGISTERED NUMBER: 06815308 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

WILLOW HOMES LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 06815308)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 47,408 30,091

CURRENT ASSETS
Stocks 555,000 430,000
Debtors 4 91,408 191,236
Cash at bank 97,155 71,400
743,563 692,636
CREDITORS
Amounts falling due within one year 5 219,827 183,217
NET CURRENT ASSETS 523,736 509,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,144

539,510

PROVISIONS FOR LIABILITIES 8,799 4,274
NET ASSETS 562,345 535,236

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 562,045 534,936
SHAREHOLDERS' FUNDS 562,345 535,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WILLOW HOMES LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 06815308)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





M A Robinson - Director


WILLOW HOMES LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 06815308)

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


1. 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

WILLOW HOMES LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 06815308)

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


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 89,851
Additions 27,255
At 30 June 2024 117,106
DEPRECIATION
At 1 July 2023 59,760
Charge for year 9,938
At 30 June 2024 69,698
NET BOOK VALUE
At 30 June 2024 47,408
At 30 June 2023 30,091

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,524 29,600
Other debtors 884 161,636
91,408 191,236

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97,852 144,202
Taxation and social security 66,689 16,122
Other creditors 55,286 22,893
219,827 183,217

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £