Company Registration No. 05240187 (England and Wales)
Wahl International Limited
Unaudited accounts
for the year ended 30 September 2024
Wahl International Limited
Unaudited accounts
Contents
Wahl International Limited
Company Information
for the year ended 30 September 2024
Secretary
Jennifer Winfield
Company Number
05240187 (England and Wales)
Registered Office
2a Telford Close
Mickleover
Derby
DE3 9NU
Accountants
Woodville Accounting & Payroll Ltd
Repton House
Bretby Business Park
Ashby Road, Bretby
Burton-On-Trent
Staffordshire
DE15 0YZ
Wahl International Limited
Statement of financial position
as at 30 September 2024
Tangible assets
176,546
177,787
Cash at bank and in hand
53,820
60,412
Creditors: amounts falling due within one year
(133)
(159)
Net current assets
118,611
313,287
Total assets less current liabilities
295,157
491,074
Creditors: amounts falling due after more than one year
(291,730)
(473,527)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
3,426
14,916
Shareholders' funds
3,427
14,917
For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 16 April 2025 and were signed on its behalf by
Philip Winfield
Director
Company Registration No. 05240187
Wahl International Limited
Notes to the Accounts
for the year ended 30 September 2024
Wahl International Limited is a private company, limited by shares, registered in England and Wales, registration number 05240187. The registered office is 2a Telford Close, Mickleover, Derby, DE3 9NU.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Plant & machinery
20% on reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Livestock is valued at 60% of market value.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 using laws that have been enacted or substantially 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 is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Wahl International Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Total
At 30 September 2024
546,682
Charge for the year
44,137
At 30 September 2024
370,136
At 30 September 2024
176,546
At 30 September 2023
177,787
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).