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Company Registration No. 07292099 (England and Wales)
Wardolls Limited Unaudited accounts for the year ended 30 June 2024
Wardolls Limited Unaudited accounts Contents
Page
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Wardolls Limited Company Information for the year ended 30 June 2024
Directors
Edward Francis Pearson Oliver William Pearson
Secretary
Oliver Pearson
Company Number
07292099 (England and Wales)
Registered Office
BROOKLANDS HOUSE 58 SPRINGFIELD WAY ANLABY HULL EAST YORKSHIRE HU10 6RJ ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Wardolls Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
226,291 
134,925 
Current assets
Inventories
654,000 
604,000 
Debtors
668,138 
701,743 
Cash at bank and in hand
122 
5,943 
1,322,260 
1,311,686 
Creditors: amounts falling due within one year
(1,290,276)
(1,280,583)
Net current assets
31,984 
31,103 
Total assets less current liabilities
258,275 
166,028 
Creditors: amounts falling due after more than one year
(62,077)
(50,319)
Provisions for liabilities
Deferred tax
(56,573)
(25,635)
Net assets
139,625 
90,074 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
139,525 
89,974 
Shareholders' funds
139,625 
90,074 
For the year ending 30 June 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 18 October 2024 and were signed on its behalf by
Edward Francis Pearson Director Company Registration No. 07292099
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Wardolls Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Wardolls Limited is a private company, limited by shares, registered in England and Wales, registration number 07292099. The registered office is BROOKLANDS HOUSE 58 SPRINGFIELD WAY, ANLABY, HULL, EAST YORKSHIRE, HU10 6RJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
10% wdv
Motor vehicles
15% wdv
Fixtures & fittings
10% wdv
Computer equipment
25% wdv
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wardolls Limited Notes to the Accounts for the year ended 30 June 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
62,859 
104,598 
36,000 
4,702 
208,159 
Additions
75,000 
42,460 
- 
- 
117,460 
At 30 June 2024
137,859 
147,058 
36,000 
4,702 
325,619 
Depreciation
At 1 July 2023
14,196 
48,277 
9,180 
1,581 
73,234 
Charge for the year
12,366 
10,265 
2,683 
780 
26,094 
At 30 June 2024
26,562 
58,542 
11,863 
2,361 
99,328 
Net book value
At 30 June 2024
111,297 
88,516 
24,137 
2,341 
226,291 
At 30 June 2023
48,663 
56,321 
26,820 
3,121 
134,925 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
653,008 
692,730 
Amounts due from group undertakings etc.
3,513 
- 
Accrued income and prepayments
11,617 
9,013 
668,138 
701,743 
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Wardolls Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
115,016 
92,119 
Obligations under finance leases and hire purchase contracts
16,545 
10,322 
Trade creditors
383,638 
1,008,335 
Amounts owed to group undertakings and other participating interests
52,724 
21,783 
Taxes and social security
57,180 
63,320 
Other creditors
26,836 
21,056 
Loans from directors
638,301 
61,363 
Accruals
36 
2,285 
1,290,276 
1,280,583 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,766 
22,329 
Obligations under finance leases and hire purchase contracts
51,311 
27,990 
62,077 
50,319 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
As at 30th June 2024 Wardolls Limited owed Pearson Holding (Hull) Limited £28,234 (2023:£21,783). This sum is interest free and payable on demand. As at 30th June 2024 Wardolls Limited owed Prestige Properties (Hull) Ltd £16,500. This sum is interest free and payable on demand. As at 30th June 2024 Wardolls Limited was owed £3,512 by Grayson Developments (Hull) Limited. This sum is interest free and payable on demand.
10
Average number of employees
During the year the average number of employees was 21 (2023: 23).
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