1 November 2023 v2025.19.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP129320722023-11-012024-10-31129320722024-10-31129320722023-10-3112932072core:WithinOneYear2024-10-3112932072core:WithinOneYear2023-10-3112932072core:AfterOneYear2024-10-3112932072core:AfterOneYear2023-10-3112932072core:ShareCapital2024-10-3112932072core:ShareCapital2023-10-3112932072core:RetainedEarningsAccumulatedLosses2024-10-3112932072core:RetainedEarningsAccumulatedLosses2023-10-3112932072bus:Director12023-11-012024-10-3112932072bus:RegisteredOffice2023-11-012024-10-3112932072core:PlantMachinery2023-11-012024-10-3112932072core:MotorVehicles2023-11-012024-10-3112932072core:FurnitureFittingsToolsEquipment2023-11-012024-10-31129320722022-11-012023-10-3112932072core:PlantMachinery2023-11-0112932072core:PlantMachinery2024-10-3112932072core:PlantMachinery2023-10-3112932072core:BetweenOneFiveYears2024-10-3112932072core:BetweenOneFiveYears2023-10-311293207212023-11-012024-10-3112932072countries:EnglandWales2023-11-012024-10-3112932072bus:AuditExemptWithAccountantsReport2023-11-012024-10-3112932072bus:PrivateLimitedCompanyLtd2023-11-012024-10-3112932072bus:SmallEntities2023-11-012024-10-3112932072bus:FullAccounts2023-11-012024-10-31
Company registration number:
12932072
Wolf Environmental Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2024
Wolf Environmental Ltd
Statement of Financial Position
31 October 2024
20242023
Note££
Fixed assets    
Tangible assets 5
22,586
 
42,259
 
Current assets    
Stocks
23,747
  -  
Debtors 6
32,565
 
64,026
 
Cash at bank and in hand
35,754
 
46,294
 
92,066
 
110,320
 
Creditors: amounts falling due within one year 7
(61,905
)
(86,736
)
Net current assets
30,161
 
23,584
 
Total assets less current liabilities 52,747   65,843  
Creditors: amounts falling due after more than one year 8
(25,333
)
(20,000
)
Net assets
27,414
 
45,843
 
Capital and reserves    
Called up share capital
100
 
10
 
Profit and loss account
27,314
 
45,833
 
Shareholders funds
27,414
 
45,843
 
For the year ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
31 March 2025
, and are signed on behalf of the board by:
Mr J Lloyd
Director
Company registration number:
12932072
Wolf Environmental Ltd
Notes to the Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
14 Buttermere Grove
,
Willenhall
,
West Midlands
,
WV12 5FQ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements have been prepared on the going concern basis as deemed appropriate by the director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax.
Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Rendering of services
Revenue from services provided is derived from the value of services performed during the year on work carried out for clients.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures, fittings and equipment
15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2023
59,028
 
Additions
3,381
 
Disposals
(26,180
)
At
31 October 2024
36,229
 
Depreciation  
At
1 November 2023
16,769
 
Charge
3,987
 
Disposals
(7,113
)
At
31 October 2024
13,643
 
Carrying amount  
At
31 October 2024
22,586
 
At 31 October 2023
42,259
 

6 Debtors

20242023
££
Trade debtors
24,913
 
56,127
 
Other debtors
7,652
 
7,899
 
32,565
 
64,026
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
21,344
 
35,001
 
Other creditors
40,561
 
51,735
 
61,905
 
86,736
 

8 Creditors: amounts falling due after more than one year

20242023
££
Trade creditors
423
  -  
Other creditors
24,910
 
20,000
 
25,333
 
20,000
 

9 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
5,214
 
0.00
 
Later than 1 year and not later than 5 years
4,345
 
0.00
 
9,559
 - 

10 Controlling party

The ultimate controlling party is Mr J Lloyd.