1 August 2023 false Taxfiler 2024.6 10274805business:PrivateLimitedCompanyLtd2023-08-012024-07-31 102748052023-07-31 102748052023-08-012024-07-31 10274805business:AuditExemptWithAccountantsReport2023-08-012024-07-31 10274805business:FilletedAccounts2023-08-012024-07-31 102748052024-07-31 10274805business:Director12023-08-012024-07-31 10274805business:Director22023-08-012024-07-31 10274805business:RegisteredOffice2023-08-012024-07-31 102748052023-07-31 10274805core:WithinOneYear2024-07-31 10274805core:WithinOneYear2023-07-31 10274805core:AfterOneYear2024-07-31 10274805core:AfterOneYear2023-07-31 10274805core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 10274805core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10274805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10274805core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10274805core:PreviouslyStatedAmount2024-07-31 10274805core:PreviouslyStatedAmount2023-07-31 10274805business:SmallEntities2023-08-012024-07-31 10274805countries:EnglandWales2023-08-012024-07-31 10274805core:ComputerEquipment2023-08-012024-07-31 10274805core:ComputerEquipment2023-07-31 10274805core:ComputerEquipment2024-07-31 10274805business:Director112023-08-012024-07-31 10274805business:Director112023-07-31 10274805business:Director112024-07-31 102748052022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10274805 (England and Wales)
Wildings Associates Limited Unaudited accounts for the year ended 31 July 2024
Wildings Associates Limited Unaudited accounts Contents
Page
- 2 -
Wildings Associates Limited Company Information for the year ended 31 July 2024
Directors
Todd Rossuck Susan Stout
Company Number
10274805 (England and Wales)
Registered Office
Wildings Tye Green Wimbish Saffron Walden Essex CB10 2XE
Accountants
Weir Associates Ltd Allia Futures Business Centre Kings Hedges Road Cambridge CB4 2HY
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Wildings Associates Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wildings Associates Limited for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Weir Associates Ltd Member in Practice Allia Futures Business Centre Kings Hedges Road Cambridge CB4 2HY 15 April 2025
- 4 -
Wildings Associates Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,212 
651 
Current assets
Inventories
222,282 
287,225 
Debtors
21,988 
17,075 
Cash at bank and in hand
40,162 
1,182 
284,432 
305,482 
Creditors: amounts falling due within one year
(321,499)
(330,748)
Net current liabilities
(37,067)
(25,266)
Total assets less current liabilities
(35,855)
(24,615)
Creditors: amounts falling due after more than one year
(8,333)
(18,333)
Provisions for liabilities
Deferred tax
(230)
(124)
Net liabilities
(44,418)
(43,072)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(44,420)
(43,074)
Shareholders' funds
(44,418)
(43,072)
For the year ending 31 July 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 15 April 2025 and were signed on its behalf by
Todd Rossuck Director Company Registration No. 10274805
- 5 -
Wildings Associates Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Wildings Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 10274805. The registered office is Wildings Tye Green, Wimbish, Saffron Walden, Essex, CB10 2XE.
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.
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.
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.
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:
Computer equipment
3 years Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 6 -
Wildings Associates Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,163 
Additions
1,089 
At 31 July 2024
3,252 
Depreciation
At 1 August 2023
1,512 
Charge for the year
528 
At 31 July 2024
2,040 
Net book value
At 31 July 2024
1,212 
At 31 July 2023
651 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
222,282 
287,225 
222,282 
287,225 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
21,126 
16,441 
Other debtors
862 
634 
21,988 
17,075 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,954 
17,965 
Trade creditors
36,645 
48,448 
Other creditors
266,900 
264,335 
321,499 
330,748 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,333 
18,333 
- 7 -
Wildings Associates Limited Notes to the Accounts for the year ended 31 July 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Todd Rossuck
Interest free repayable on demand
634 
1,067 
1,256 
445 
634 
1,067 
1,256 
445 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 8 -