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Company Registration No. 11160239 (England and Wales)
Wroxton Group Holdings Limited Unaudited accounts for the year ended 31 March 2024
Wroxton Group Holdings Limited Unaudited accounts Contents
Page
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Wroxton Group Holdings Limited Company Information for the year ended 31 March 2024
Directors
Kieran McDonagh Mitchell McDonagh
Company Number
11160239 (England and Wales)
Registered Office
Unit 16 Redfields Industrial Park Church Crookha Fleet GU52 0RD United Kingdom
Accountants
Blue Cube Accountants Limited 7 High Street Windsor SL4 1LD
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Wroxton Group Holdings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
142,364 
64,607 
Investments
1,050 
1,050 
143,414 
65,657 
Current assets
Inventories
1,911,010 
1,886,730 
Debtors
312,832 
364,410 
Cash at bank and in hand
282,744 
599,083 
2,506,586 
2,850,223 
Creditors: amounts falling due within one year
(1,258,494)
(1,538,154)
Net current assets
1,248,092 
1,312,069 
Total assets less current liabilities
1,391,506 
1,377,726 
Creditors: amounts falling due after more than one year
(1,016,381)
(983,608)
Provisions for liabilities
Deferred tax
- 
(16,152)
Net assets
375,125 
377,966 
Capital and reserves
Called up share capital
241 
241 
Profit and loss account
374,884 
377,725 
Shareholders' funds
375,125 
377,966 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
Mitchell McDonagh Director Company Registration No. 11160239
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Wroxton Group Holdings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Wroxton Group Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11160239. The registered office is Unit 16, Redfields Industrial Park Church Crookha, Fleet, GU52 0RD, United Kingdom.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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. The company is a parent and the group qualifies as a small group.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments
Investments in subsidiary undertakings are shown at cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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.
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Wroxton Group Holdings Limited Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
53,495 
38,170 
91,665 
Additions
110,170 
42,182 
- 
152,352 
Disposals
- 
- 
(38,170)
(38,170)
At 31 March 2024
110,170 
95,677 
- 
205,847 
Depreciation
At 1 April 2023
- 
11,619 
15,439 
27,058 
Charge for the year
33,250 
18,614 
- 
51,864 
On disposals
- 
- 
(15,439)
(15,439)
At 31 March 2024
33,250 
30,233 
- 
63,483 
Net book value
At 31 March 2024
76,920 
65,444 
- 
142,364 
At 31 March 2023
- 
41,876 
22,731 
64,607 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
57,000 
- 
- Motor vehicles
46,895 
13,313 
4
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2023
1,000 
50 
1,050 
Valuation at 31 March 2024
1,000 
50 
1,050 
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Wroxton Group Holdings Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,977 
7,691 
Amounts due from group undertakings etc.
277,579 
327,579 
Accrued income and prepayments
25,000 
25,000 
Other debtors
7,276 
4,140 
312,832 
364,410 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
84,000 
84,000 
Obligations under finance leases and hire purchase contracts
48,504 
11,051 
Trade creditors
2,508 
6,529 
Amounts owed to group undertakings and other participating interests
911,286 
1,000,247 
Taxes and social security
- 
100 
Other creditors
183,600 
430,000 
Loans from directors
19,653 
4,227 
Accruals
8,943 
2,000 
1,258,494 
1,538,154 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
946,402 
959,035 
Obligations under finance leases and hire purchase contracts
69,979 
24,573 
1,016,381 
983,608 
Aggregate of amounts that fall due for payment after five years
610,402 
623,035 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
240 Ordinary Shares of £1 each
240 
240 
1 B Shares of £1 each
1 
1 
241 
241 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
48,504 
11,051 
Later than one year and not later than five years
69,979 
24,573 
118,483 
35,624 
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Wroxton Group Holdings Limited Notes to the Accounts for the year ended 31 March 2024
10
Transactions with related parties
Included in debtors is £277,579 (2023 - £327,579) owed from Vision Brickwork Services Limited which is a company partly owned by the directors. Included in creditors is £911,286 (2023 - £1,000,247) owed to Wroxton Limited which is a company controlled and partly owned by the directors.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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