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
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
Wroxton Group Holdings Limited
Statement of financial position
as at 31 March 2024
Tangible assets
142,364
64,607
Inventories
1,911,010
1,886,730
Cash at bank and in hand
282,744
599,083
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
Net assets
375,125
377,966
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
Wroxton Group Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments in subsidiary undertakings are shown at cost.
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 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.
Wroxton Group Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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
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
At 31 March 2024
76,920
65,444
-
142,364
At 31 March 2023
-
41,876
22,731
64,607
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
Wroxton Group Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
277,579
327,579
Accrued income and prepayments
25,000
25,000
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
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
Aggregate of amounts that fall due for payment after five years
610,402
623,035
Allotted, called up and fully paid:
240 Ordinary Shares of £1 each
240
240
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
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).