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Company Registration No. 02972279 (England and Wales)
Wycliff Services Limited Unaudited accounts for the year ended 30 September 2024
Wycliff Services Limited Unaudited accounts Contents
Page
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Wycliff Services Limited Company Information for the year ended 30 September 2024
Directors
Adam Denley Mandy Denley John Harrison
Secretary
Mandy Denley
Company Number
02972279 (England and Wales)
Registered Office
Unit 5 Key Point Office Village Keys Road Alfreton Derbyshire DE55 7FQ England
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Wycliff Services Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
333,637 
330,584 
Current assets
Debtors
580,973 
901,676 
Cash at bank and in hand
347,115 
336,043 
928,088 
1,237,719 
Creditors: amounts falling due within one year
(654,683)
(889,763)
Net current assets
273,405 
347,956 
Total assets less current liabilities
607,042 
678,540 
Creditors: amounts falling due after more than one year
(220,787)
(274,293)
Provisions for liabilities
Deferred tax
(63,391)
(58,341)
Net assets
322,864 
345,906 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
322,514 
345,556 
Shareholders' funds
322,864 
345,906 
For the year ending 30 September 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 December 2024 and were signed on its behalf by
Adam Denley Director Company Registration No. 02972279
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Wycliff Services Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Wycliff Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02972279. The registered office is Unit 5 Key Point Office Village, Keys Road, Alfreton, Derbyshire, DE55 7FQ, 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.
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.
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:
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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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Wycliff Services Limited Notes to the Accounts for the year ended 30 September 2024
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
214,000 
436,808 
650,808 
Additions
- 
85,495 
85,495 
Disposals
- 
(40,587)
(40,587)
At 30 September 2024
214,000 
481,716 
695,716 
Depreciation
At 1 October 2023
24,940 
295,284 
320,224 
Charge for the year
4,280 
68,325 
72,605 
On disposals
- 
(30,750)
(30,750)
At 30 September 2024
29,220 
332,859 
362,079 
Net book value
At 30 September 2024
184,780 
148,857 
333,637 
At 30 September 2023
189,060 
141,524 
330,584 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
511,189 
870,811 
Accrued income and prepayments
47,914 
30,865 
Other debtors
21,870 
- 
580,973 
901,676 
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Wycliff Services Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
62,418 
63,668 
VAT
60,343 
90,600 
Obligations under finance leases and hire purchase contracts
54,666 
60,195 
Trade creditors
325,936 
512,173 
Taxes and social security
23,884 
26,640 
Proposed dividends
- 
4,000 
Other creditors
3,720 
- 
Loans from directors
936 
- 
Accruals
122,780 
132,487 
654,683 
889,763 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
172,847 
224,264 
Obligations under finance leases and hire purchase contracts
47,940 
50,029 
220,787 
274,293 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
350 Ordinary shares of £1 each
350 
350 
9
Average number of employees
During the year the average number of employees was 19 (2023: 17).
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