Registered number
05883938
WYCHWELL LIMITED
Filleted Accounts
30 June 2024
WYCHWELL LIMITED
Registered number: 05883938
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 31,941 39,927
Current assets
Debtors 4 2,611 5,476
Cash at bank and in hand 6,047 34,867
8,658 40,343
Creditors: amounts falling due within one year 5 (13,072) (22,179)
Net current (liabilities)/assets (4,414) 18,164
Total assets less current liabilities 27,527 58,091
Creditors: amounts falling due after more than one year 6 (9,026) (22,994)
Net assets 18,501 35,097
Capital and reserves
Called up share capital 2 2
Profit and loss account 18,499 35,095
Shareholders' funds 18,501 35,097
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D L Smith
Director
Approved by the board on 24 March 2025
WYCHWELL LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property Improvements 20% per annum of net book value
Plant and machinery 20% per annum of net book value
Motor vehicles 20% per annum of net book value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Property Improvements Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 4,000 79,392 38,999 122,391
At 30 June 2024 4,000 79,392 38,999 122,391
Depreciation
At 1 July 2023 3,162 65,262 14,040 82,464
Charge for the year 168 2,826 4,992 7,986
At 30 June 2024 3,330 68,088 19,032 90,450
Net book value
At 30 June 2024 670 11,304 19,967 31,941
At 30 June 2023 838 14,130 24,959 39,927
4 Debtors 2024 2023
£ £
Other debtors 2,611 5,476
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,728 11,753
Trade creditors - 463
Accruals and deferred income 1,344 1,224
Taxation and social security costs - 8,739
13,072 22,179
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 11,728
Directors loans 9,026 11,266
9,026 22,994
7 Events after the reporting date
There were no material post balance sheet events up to the 24th March 2025, being the date o0f approval of the financial statements by the board of directors.
8 Other information
WYCHWELL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Wychwood, Woodside Lane
Wistaston
Crewe
Cheshire
CW2 8AJ
WYCHWELL LIMITED 05883938 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 D L Smith No description of principal activity 05883938 2022-07-01 2023-06-30 05883938 core:WithinOneYear 2023-06-30 05883938 core:AfterOneYear 2023-06-30 05883938 core:ShareCapital 2023-06-30 05883938 core:RetainedEarningsAccumulatedLosses 2023-06-30 05883938 2023-07-01 2024-06-30 05883938 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05883938 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05883938 bus:Director40 2023-07-01 2024-06-30 05883938 1 2023-07-01 2024-06-30 05883938 2 2023-07-01 2024-06-30 05883938 core:LandBuildings 2023-07-01 2024-06-30 05883938 core:PlantMachinery 2023-07-01 2024-06-30 05883938 core:Vehicles 2023-07-01 2024-06-30 05883938 1 2023-07-01 2024-06-30 05883938 countries:England 2023-07-01 2024-06-30 05883938 bus:FRS102 2023-07-01 2024-06-30 05883938 bus:FilletedAccounts 2023-07-01 2024-06-30 05883938 2024-06-30 05883938 core:WithinOneYear 2024-06-30 05883938 core:AfterOneYear 2024-06-30 05883938 core:ShareCapital 2024-06-30 05883938 core:RetainedEarningsAccumulatedLosses 2024-06-30 05883938 core:LandBuildings 2024-06-30 05883938 core:PlantMachinery 2024-06-30 05883938 core:Vehicles 2024-06-30 05883938 2023-06-30 05883938 core:LandBuildings 2023-06-30 05883938 core:PlantMachinery 2023-06-30 05883938 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure