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REGISTERED NUMBER: 07169854 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Warmingham Limited

Warmingham Limited (Registered number: 07169854)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Warmingham Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R M Warmingham
Mrs S A Warmingham
P O'Loughlin





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 07169854 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Warmingham Limited (Registered number: 07169854)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,500 75,000
Tangible assets 5 148,802 92,590
186,302 167,590

CURRENT ASSETS
Debtors 6 561,065 836,449
Cash at bank 21,671 488,836
582,736 1,325,285
CREDITORS
Amounts falling due within one year 7 101,868 182,427
NET CURRENT ASSETS 480,868 1,142,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,170

1,310,448

PROVISIONS FOR LIABILITIES 18,765 16,743
NET ASSETS 648,405 1,293,705

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 648,305 1,293,605
SHAREHOLDERS' FUNDS 648,405 1,293,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Warmingham Limited (Registered number: 07169854)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





P O'Loughlin - Director


Warmingham Limited (Registered number: 07169854)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Warmingham Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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 financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of former businesses, is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over life of lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Warmingham Limited (Registered number: 07169854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 500,000
AMORTISATION
At 1 April 2023 425,000
Charge for year 37,500
At 31 March 2024 462,500
NET BOOK VALUE
At 31 March 2024 37,500
At 31 March 2023 75,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 318,122
Additions 108,696
At 31 March 2024 426,818
DEPRECIATION
At 1 April 2023 225,532
Charge for year 52,484
At 31 March 2024 278,016
NET BOOK VALUE
At 31 March 2024 148,802
At 31 March 2023 92,590

Warmingham Limited (Registered number: 07169854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 20,565
Amounts owed by group undertakings 121,508 507,833
Amounts recoverable on contract 315 -
Other debtors 10 -
Directors' current accounts 415,319 300,370
Prepayments 23,913 7,681
561,065 836,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,242 16,530
Tax 28,160 106,949
Social security and other taxes 8,331 6,042
VAT 36,555 43,825
Other creditors 2,147 607
Accruals and deferred income 11,433 8,474
101,868 182,427

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,500 17,500
Between one and five years 70,000 70,000
In more than five years 105,000 122,500
192,500 210,000

9. CONTINGENT LIABILITIES

On 6 October 2022 an employee of the Company suffered a serious accident at work. The company is the subject of legal action relating to this accident and presently the financial effect of the outcome of this legal action cannot be quantified. No provision has been made in the accounts of the company in respect of this matter as the Directors consider that the claim against the company will be covered by insurance.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024 P O'Loughlin and Mrs N O'Loughlin owed the company £357,071. (2023 :£300,370). During the year the withdrawals were made totalling £405,071 and repayments totalling £348,370. The loan has no fixed repayment terms and is interest free. The maximum amount outstanding during the year was £517,963.

As at 31 March 2024 R M Warmingham owed the company £58,248. During the year withdrawals were made totalling £58,248. The loan has no fixed repayment terms and is interest free. The maximum amount outstanding during the year was £58,248.