Wolsey House Ltd 12237526 true 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is management consultancy activites Digita Accounts Production Advanced 6.30.9574.0 true true 12237526 2023-11-01 2024-10-31 12237526 2024-10-31 12237526 bus:OrdinaryShareClass1 2024-10-31 12237526 bus:OrdinaryShareClass2 2024-10-31 12237526 bus:OrdinaryShareClass3 2024-10-31 12237526 bus:OrdinaryShareClass4 2024-10-31 12237526 core:CurrentFinancialInstruments 2024-10-31 12237526 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12237526 core:FurnitureFittingsToolsEquipment 2024-10-31 12237526 bus:SmallEntities 2023-11-01 2024-10-31 12237526 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12237526 bus:FilletedAccounts 2023-11-01 2024-10-31 12237526 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12237526 bus:RegisteredOffice 2023-11-01 2024-10-31 12237526 bus:CompanySecretary1 2023-11-01 2024-10-31 12237526 bus:Director1 2023-11-01 2024-10-31 12237526 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12237526 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 12237526 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 12237526 bus:OrdinaryShareClass4 2023-11-01 2024-10-31 12237526 bus:EntityHasNeverTraded 2023-11-01 2024-10-31 12237526 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12237526 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 12237526 countries:EnglandWales 2023-11-01 2024-10-31 12237526 2023-10-31 12237526 core:FurnitureFittingsToolsEquipment 2023-10-31 12237526 2022-11-01 2023-10-31 12237526 2023-10-31 12237526 bus:OrdinaryShareClass1 2023-10-31 12237526 bus:OrdinaryShareClass2 2023-10-31 12237526 bus:OrdinaryShareClass3 2023-10-31 12237526 bus:OrdinaryShareClass4 2023-10-31 12237526 core:CurrentFinancialInstruments 2023-10-31 12237526 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12237526 core:FurnitureFittingsToolsEquipment 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12237526

Wolsey House Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Wolsey House Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Wolsey House Ltd

Company Information

Director

Mr MR Taylor

Company secretary

Mrs CJ Taylor

Registered office

320 Garratt Lane
London
SW18 4EJ

Accountants

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

Wolsey House Ltd

(Registration number: 12237526)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,649

790

Current assets

 

Debtors

5

34,297

35,579

Cash at bank and in hand

 

18,924

456

 

53,221

36,035

Creditors: Amounts falling due within one year

6

(54,545)

(24,857)

Net current (liabilities)/assets

 

(1,324)

11,178

Total assets less current liabilities

 

325

11,968

Provisions for liabilities

(313)

(150)

Net assets

 

12

11,818

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(88)

11,718

Shareholders' funds

 

12

11,818

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 March 2025
 

 

Wolsey House Ltd

(Registration number: 12237526)
Balance Sheet as at 31 October 2024

.........................................
Mr MR Taylor
Director

 

Wolsey House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
320 Garratt Lane
London
SW18 4EJ

These financial statements were authorised for issue by the director on 16 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wolsey House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Wolsey House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Wolsey House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

1,185

1,185

Additions

1,880

1,880

At 31 October 2024

3,065

3,065

Depreciation

At 1 November 2023

395

395

Charge for the year

1,021

1,021

At 31 October 2024

1,416

1,416

Carrying amount

At 31 October 2024

1,649

1,649

At 31 October 2023

790

790

5

Debtors

Current

2024
£

2023
£

Trade debtors

14,938

27,749

Other debtors

19,359

7,830

 

34,297

35,579

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

168

Taxation and social security

20,283

21,809

Other creditors

34,262

2,880

54,545

24,857

 

Wolsey House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

60

60

60

60

Ordinary B of £1 each

20

20

20

20

Ordinary C of £1 each

10

10

10

10

Ordinary D of £1 each

10

10

10

10

100

100

100

100

8

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

66,450

43,600