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REGISTERED NUMBER: 03804960















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Walls of Wigan Limited

Walls of Wigan Limited (Registered number: 03804960)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walls of Wigan Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M R Gray
Mrs J Gray





SECRETARY: Mrs J E Gray





REGISTERED OFFICE: 237 Manchester Road
Higher Ince
Wigan
Greater Manchester
WN2 2EA





REGISTERED NUMBER: 03804960





ACCOUNTANTS: Ashford Rainham Limited
10-12 Upper Dicconson St
Wigan
Lancashire
WN1 2AD

Walls of Wigan Limited (Registered number: 03804960)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 2,337,973 2,262,367
2,337,975 2,262,369

CURRENT ASSETS
Debtors 6 202,930 168,326
Cash at bank 394,147 232,572
597,077 400,898
CREDITORS
Amounts falling due within one year 7 739,302 661,473
NET CURRENT LIABILITIES (142,225 ) (260,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,195,750

2,001,794

CREDITORS
Amounts falling due after more than one
year

8

(636,842

)

(676,102

)

PROVISIONS FOR LIABILITIES (500,590 ) (468,912 )
NET ASSETS 1,058,318 856,780

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 998,318 796,780
SHAREHOLDERS' FUNDS 1,058,318 856,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Walls of Wigan Limited (Registered number: 03804960)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:




M R Gray - Director



Mrs J Gray - Director


Walls of Wigan Limited (Registered number: 03804960)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Walls of Wigan Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and Coaches revalued annually

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.

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 29 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 100,001
AMORTISATION
At 1 September 2023
and 31 August 2024 99,999
NET BOOK VALUE
At 31 August 2024 2
At 31 August 2023 2

Walls of Wigan Limited (Registered number: 03804960)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 171,247 5,573,196 5,744,443
Additions - 425,000 425,000
At 31 August 2024 171,247 5,998,196 6,169,443
DEPRECIATION
At 1 September 2023 66,549 3,415,527 3,482,076
Charge for year 3,425 345,969 349,394
At 31 August 2024 69,974 3,761,496 3,831,470
NET BOOK VALUE
At 31 August 2024 101,273 2,236,700 2,337,973
At 31 August 2023 104,698 2,157,669 2,262,367

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

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 2,541,960
DEPRECIATION
At 1 September 2023 976,960
Charge for year 220,000
At 31 August 2024 1,196,960
NET BOOK VALUE
At 31 August 2024 1,345,000
At 31 August 2023 1,565,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,382 156,865
Other debtors 60,548 11,461
202,930 168,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 86,506 105,278
Hire purchase contracts 335,955 318,595
Trade creditors 107,160 103,164
Taxation and social security 64,106 17,569
Other creditors 145,575 116,867
739,302 661,473

Walls of Wigan Limited (Registered number: 03804960)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 40,945 108,759
Hire purchase contracts 595,897 567,343
636,842 676,102

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 127,451 214,037
Hire purchase contracts 931,852 885,938
1,059,303 1,099,975