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REGISTERED NUMBER: 04829193 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Willett Homemaker Ltd

Willett Homemaker Ltd (Registered number: 04829193)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Willett Homemaker Ltd

Company Information
for the Year Ended 31st July 2024







DIRECTORS: P Willett
S P Willett
A R Willett





REGISTERED OFFICE: Unit 1, Emma Court,
Dewsbury Road,
Fenton,
Stoke-on-Trent
ST4 2TH





REGISTERED NUMBER: 04829193 (England and Wales)





ACCOUNTANTS: RBK Accountants Limited
Lymedale Business Centre
Hooters Hall Road
Newcastle Under Lyme
Staffordshire
ST5 9QF

Willett Homemaker Ltd (Registered number: 04829193)

Statement of Financial Position
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 50,436 23,110
50,436 23,110

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 45,031 72,243
Cash at bank and in hand 252,732 200,136
302,763 277,379
CREDITORS
Amounts falling due within one year 7 222,985 202,723
NET CURRENT ASSETS 79,778 74,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,214

97,766

CREDITORS
Amounts falling due after more than
one year

8

(15,259

)

-

PROVISIONS FOR LIABILITIES (9,340 ) (4,132 )
NET ASSETS 105,615 93,634

Willett Homemaker Ltd (Registered number: 04829193)

Statement of Financial Position - continued
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 105,515 93,534
SHAREHOLDERS' FUNDS 105,615 93,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th January 2025 and were signed on its behalf by:





S P Willett - Director


Willett Homemaker Ltd (Registered number: 04829193)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Willett Homemaker 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.

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 invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Willett Homemaker Ltd (Registered number: 04829193)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Willett Homemaker Ltd (Registered number: 04829193)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 30,286
AMORTISATION
At 1st August 2023
and 31st July 2024 30,286
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 30,856 6,785 44,948 3,144 85,733
Additions - - 41,787 - 41,787
At 31st July 2024 30,856 6,785 86,735 3,144 127,520
DEPRECIATION
At 1st August 2023 14,811 4,939 40,046 2,827 62,623
Charge for year 2,407 277 11,672 105 14,461
At 31st July 2024 17,218 5,216 51,718 2,932 77,084
NET BOOK VALUE
At 31st July 2024 13,638 1,569 35,017 212 50,436
At 31st July 2023 16,045 1,846 4,902 317 23,110

Willett Homemaker Ltd (Registered number: 04829193)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 41,787
At 31st July 2024 41,787
DEPRECIATION
Charge for year 10,446
At 31st July 2024 10,446
NET BOOK VALUE
At 31st July 2024 31,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 41,284 68,579
Other debtors 3,747 3,664
45,031 72,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 10,174 -
Trade creditors 25,116 25,395
Taxation and social security 39,439 5,579
Other creditors 148,256 171,749
222,985 202,723

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 15,259 -