WILD GRAINS LIMITED - Filleted accounts

Registered number

12774548

WILD GRAINS LIMITED

Filleted Accounts

31 July 2024

WILD GRAINS LIMITED
Registered number:		12774548
Balance Sheet
as at 31 July 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		14,264			13,583

Current assets
Debtors	4	3,909			7,611
Cash at bank and in hand		5,803			1,438
		9,712			9,049

Creditors: amounts falling due within one year	5	(6,300)			(6,740)

Net current assets			3,412			2,309

Net assets			17,676			15,892

Capital and reserves
Called up share capital			10			1
Profit and loss account			17,666			15,891

Shareholders' funds			17,676			15,892

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.




J Harris
Director
Approved by the board on 22 January 2025

WILD GRAINS LIMITED
Notes to the Accounts
for the year ended 31 July 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:

	Equipment	25% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		9		10


3	Tangible fixed assets
					Equipment
£
	Cost
	At 1 August 2023				24,124
	Additions				4,129
	At 31 July 2024				28,253

	Depreciation
	At 1 August 2023				10,541
	Charge for the year				3,448
	At 31 July 2024				13,989

	Net book value
	At 31 July 2024				14,264
	At 31 July 2023				13,583


4	Debtors		2024		2023
£				£

	Trade debtors		2,530		6,785
	Other debtors		1,379		826
			3,909		7,611


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		-		1,441
	Taxation and social security costs		5,105		2,192
	Other creditors		1,195		3,107
			6,300		6,740


6	Other information

	WILD GRAINS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	3 Lockwood Way
	London
	E17 5RB