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REGISTERED NUMBER: 07796544 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Wolverine Garage Doors Ltd

Wolverine Garage Doors Ltd (Registered number: 07796544)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wolverine Garage Doors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R D Holloway





REGISTERED OFFICE: 15 Lomond Avenue
Caversham
Reading
Berkshire
RG4 6PL





REGISTERED NUMBER: 07796544 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Wolverine Garage Doors Ltd (Registered number: 07796544)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 80,711 92,609

CURRENT ASSETS
Stocks 18,238 26,000
Debtors 5 45,629 42,868
Cash at bank 27,111 30,340
90,978 99,208
CREDITORS
Amounts falling due within one year 6 136,242 166,426
NET CURRENT LIABILITIES (45,264 ) (67,218 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,447

25,391

CREDITORS
Amounts falling due after more than one
year

7

(132,766

)

(95,882

)

PROVISIONS FOR LIABILITIES (16,949 ) (19,448 )
NET LIABILITIES (114,268 ) (89,939 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (114,269 ) (89,940 )
(114,268 ) (89,939 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Wolverine Garage Doors Ltd (Registered number: 07796544)

Balance Sheet - continued
30 April 2024


The 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.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





R D Holloway - Director


Wolverine Garage Doors Ltd (Registered number: 07796544)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wolverine Garage Doors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern concern basis due to continued financial support from the company's creditors.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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 and laws that have been enacted or substantively 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 it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Wolverine Garage Doors Ltd (Registered number: 07796544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 153,849
Additions 27,054
Disposals (24,114 )
At 30 April 2024 156,789
DEPRECIATION
At 1 May 2023 61,240
Charge for year 35,804
Eliminated on disposal (20,966 )
At 30 April 2024 76,078
NET BOOK VALUE
At 30 April 2024 80,711
At 30 April 2023 92,609

Wolverine Garage Doors Ltd (Registered number: 07796544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 142,282
Additions 22,650
Disposals (24,114 )
At 30 April 2024 140,818
DEPRECIATION
At 1 May 2023 51,360
Charge for year 34,725
Eliminated on disposal (20,966 )
At 30 April 2024 65,119
NET BOOK VALUE
At 30 April 2024 75,699
At 30 April 2023 90,922

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,187 295
Other debtors 37,433 25,397
38,620 25,692

Amounts falling due after more than one year:
Other debtors 7,009 17,176

Aggregate amounts 45,629 42,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,931 14,512
Hire purchase contracts 23,525 31,722
Trade creditors 36,462 26,519
Taxation and social security 2,251 40,977
Other creditors 60,073 52,696
136,242 166,426

Wolverine Garage Doors Ltd (Registered number: 07796544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 22,070 35,420
Hire purchase contracts 66,841 60,462
Other creditors 43,855 -
132,766 95,882

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2024, the company was owed £25,400 (2023: £24,826) by R Holloway, a director. This loan was interest free and repayable on demand.