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REGISTERED NUMBER: 10797524 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WYNNE-JONES IP LIMITED

WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)






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


WYNNE-JONES IP LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: I R Lambert
J E Nation
F G Watkins
E Davies
D Cooksley





REGISTERED OFFICE: Southgate House
Southgate Street
Gloucester
GL1 1UB





REGISTERED NUMBER: 10797524 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,200,000 1,350,000
Tangible assets 5 54,413 143,858
1,254,413 1,493,858

CURRENT ASSETS
Stocks 1,230 1,230
Debtors 6 1,288,687 1,370,059
1,289,917 1,371,289
CREDITORS
Amounts falling due within one year 7 (1,213,312 ) (1,307,240 )
NET CURRENT ASSETS 76,605 64,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,331,018

1,557,907

CREDITORS
Amounts falling due after more than one
year

8

(1,239,965

)

(1,429,296

)

PROVISIONS FOR LIABILITIES 10 (10,270 ) (31,900 )
NET ASSETS 80,783 96,711

CAPITAL AND RESERVES
Called up share capital 11 1,001 1,001
Capital redemption reserve 1 1
Retained earnings 79,781 95,709
SHAREHOLDERS' FUNDS 80,783 96,711

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.

WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





I R Lambert - Director


WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Wynne-Jones IP Limited 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.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 25% on cost and 10% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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 balance sheet date.


WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 2,500,000
AMORTISATION
At 1 July 2023 1,150,000
Charge for year 150,000
At 30 June 2024 1,300,000
NET BOOK VALUE
At 30 June 2024 1,200,000
At 30 June 2023 1,350,000

WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 451,483
Additions 1,064
At 30 June 2024 452,547
DEPRECIATION
At 1 July 2023 307,625
Charge for year 90,509
At 30 June 2024 398,134
NET BOOK VALUE
At 30 June 2024 54,413
At 30 June 2023 143,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,101,896 1,218,253
Other debtors 186,791 151,806
1,288,687 1,370,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 546,833 483,724
Trade creditors 187,016 216,136
Taxation and social security 233,189 199,648
Other creditors 246,274 407,732
1,213,312 1,307,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,000 25,000
Other creditors 1,224,965 1,404,296
1,239,965 1,429,296

WYNNE-JONES IP LIMITED (REGISTERED NUMBER: 10797524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 25,000 35,000

Loans are secured by a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,270 31,900

Deferred
tax
£   
Balance at 1 July 2023 31,900
Credit to Profit and Loss Account during year (21,630 )
Balance at 30 June 2024 10,270

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,001 Ordinary Shares £1 1,001 1,001

At the year end, the share capital of the company was comprised of: 898 A Ordinary shares; 102 B Ordinary shares; and 1 D Ordinary share.