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Registered number: 14854127









WIGGINTON BLYTH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
WIGGINTON BLYTH LIMITED
 
 
COMPANY INFORMATION


Directors
Miles Wigginton (appointed 8 May 2023)
Peter Blyth (appointed 8 May 2023)




Registered number
14854127



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
WIGGINTON BLYTH LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 6


 
WIGGINTON BLYTH LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WIGGINTON BLYTH LIMITED
FOR THE PERIOD ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wigginton Blyth Limited for the period ended 31 May 2024 which comprise  the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Wigginton Blyth Limited, as a body, in accordance with the terms of our engagement letter dated July 2023Our work has been undertaken solely to prepare for your approval the financial statements of Wigginton Blyth Limited and state those matters that we have agreed to state to the board of directors of Wigginton Blyth Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wigginton Blyth Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Wigginton Blyth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wigginton Blyth Limited. You consider that Wigginton Blyth Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Wigginton Blyth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
4 February 2025
Page 1

 
WIGGINTON BLYTH LIMITED
REGISTERED NUMBER: 14854127

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

  

Current assets
  

Stocks and work in progress
  
144,871

Cash at bank and in hand
  
25,489

  
170,360

Creditors: amounts falling due within one year
 4 
(1,839)

Net current assets
  
 
 
168,521

Total assets less current liabilities
  
168,521

Creditors: amounts falling due after more than one year
  
(170,000)

  

Net (liabilities)/assets
  
(1,479)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(1,579)

  
(1,479)


Page 2

 
WIGGINTON BLYTH LIMITED
REGISTERED NUMBER: 14854127
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.




Miles Wigginton
Peter Blyth
Director
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
WIGGINTON BLYTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Wigginton Blyth Limited is a private company, limited by shares, registered and domiciled in England and Wales. The address of the registered office is 7 The Close, Norwich, England, NR1 4DJ.
The Company's principal activities are that of development of building projects.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

Although the balance sheet shows a deficit of shareholders' funds at 31 May 2024, the directors have considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on a going concern basis.

 
2.3

Borrowing costs

All borrowing costs are recognised in the statement of comprehensive income in the period in which they are incurred.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WIGGINTON BLYTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
688

Other creditors
401

Accruals and deferred income
750

1,839



5.


Creditors: Amounts falling due after more than one year

2024
£

Loan
170,000

170,000


Page 5

 
WIGGINTON BLYTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Loan
170,000


170,000


170,000



7.


Financial instruments

2024
£

Financial assets


Financial assets measured at fair value through profit or loss
25,489




8.


Share capital

2024
£
Allotted, called up and fully paid


50 A shares of £1.00 each
50
50 B shares of £1.00 each
50

100

The company allotted and issued 50 Ordinary A shares of £1 each and 50 Ordinary B shares of £1 each during the period and the consideration was £100.


9.


Related party transactions

As at the 31st May 2024, the directors were owed £401 and the balance is included in other creditors due within one year in note 4 to the financial statements. The loan is interest free and repayable on demand. 

 
Page 6