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Company Registration No. 04364370 (England and Wales)
Wroxton Limited Unaudited accounts for the year ended 31 March 2024
Wroxton Limited Unaudited accounts Contents
Page
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Wroxton Limited Company Information for the year ended 31 March 2024
Directors
Christine McDonagh Kieran McDonagh Mitchell McDonagh
Secretary
Kieran McDonagh
Company Number
04364370 (England and Wales)
Registered Office
Unit 16 Redfields Industrial Park Fleet GU52 0RD United Kingdom
Accountants
Blue Cube Accountants Limited 7 High Street Windsor SL4 1LD
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Wroxton Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
417,959 
427,002 
Investments
47,606 
47,606 
465,565 
474,608 
Current assets
Inventories
20,000 
20,000 
Debtors
1,415,822 
1,826,374 
Cash at bank and in hand
82,691 
57,008 
1,518,513 
1,903,382 
Creditors: amounts falling due within one year
(975,451)
(1,083,242)
Net current assets
543,062 
820,140 
Total assets less current liabilities
1,008,627 
1,294,748 
Creditors: amounts falling due after more than one year
(183,702)
(208,216)
Provisions for liabilities
Deferred tax
(104,490)
(65,791)
Net assets
720,435 
1,020,741 
Capital and reserves
Called up share capital
1,020 
1,020 
Profit and loss account
719,415 
1,019,721 
Shareholders' funds
720,435 
1,020,741 
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. 04364370
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Wroxton Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Wroxton Limited is a private company, limited by shares, registered in England and Wales, registration number 04364370. The registered office is Unit 16, Redfields Industrial Park , 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. Wroxton Limited is both a parent and a subsidiary 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.
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:
Land & buildings
No depreciation provided
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Investments
Investments in subsidiary undertakings are recognised at 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 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.
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.
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Wroxton Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
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
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
163,838 
209,747 
607,960 
981,545 
Additions
- 
7,591 
62,531 
70,122 
Disposals
- 
- 
(6,500)
(6,500)
At 31 March 2024
163,838 
217,338 
663,991 
1,045,167 
Depreciation
At 1 April 2023
- 
128,794 
425,749 
554,543 
Charge for the year
- 
16,823 
60,800 
77,623 
On disposals
- 
- 
(4,958)
(4,958)
At 31 March 2024
- 
145,617 
481,591 
627,208 
Net book value
At 31 March 2024
163,838 
71,721 
182,400 
417,959 
At 31 March 2023
163,838 
80,953 
182,211 
427,002 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
39,644 
49,555 
- Motor vehicles
146,382 
132,645 
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
47,606 
Valuation at 31 March 2024
47,606 
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Wroxton Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
60,389 
81,398 
Trade debtors
34,017 
53,521 
Amounts due from group undertakings etc.
994,022 
1,084,645 
Accrued income and prepayments
326,239 
605,655 
Other debtors
1,155 
1,155 
1,415,822 
1,826,374 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,200 
4,200 
Obligations under finance leases and hire purchase contracts
64,185 
64,021 
Trade creditors
288,475 
382,729 
Amounts owed to group undertakings and other participating interests
241,662 
191,662 
Taxes and social security
97,196 
105,613 
Other creditors
862 
596 
Accruals
278,871 
334,421 
975,451 
1,083,242 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
81,320 
85,496 
Obligations under finance leases and hire purchase contracts
102,382 
122,720 
183,702 
208,216 
Aggregate of amounts that fall due for payment after five years
60,593 
68,696 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10 B shares of £1 each
10 
10 
10 C shares of £1 each
10 
10 
1,020 
1,020 
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
64,185 
64,021 
Later than one year and not later than five years
102,382 
122,720 
166,567 
186,741 
- 7 -
Wroxton Limited Notes to the Accounts for the year ended 31 March 2024
10
Transactions with related parties
Included in debtors is £82,736 owed from Vision Brickwork Services Limited, in 2023 this was £84,398 owed to the company. The company is partly owned by the directors. Included in debtors is £911,286 (2023 - £1,000,247) owed from Wroxton Group Holdings Limited. The company is owned and controlled by the directors. Included in creditors is £241,662 (2023 - £191,662) owed to Woodcraft Timber Buildings Limited. This company is owned by Wroxton Limited and is its subsidiary.
11
Controlling party
Wroxton Group Holdings Limited is the parent company. The registered office address is Unit 16 Redfields Industrial Park, Fleet, Hampshire, United Kingdom, GU52 0RD.
12
Average number of employees
During the year the average number of employees was 10 (2023: 9).
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