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COMPANY REGISTRATION NUMBER: 07313008
Wheelie Bin Films Limited
Filleted Unaudited Financial Statements
31 July 2024
Wheelie Bin Films Limited
Financial Statements
Year ended 31 July 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Wheelie Bin Films Limited
Officers and Professional Advisers
The board of directors
D Cohen
A Truman
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Wheelie Bin Films Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Wheelie Bin Films Limited
Year ended 31 July 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Wheelie Bin Films Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
13,182
14,789
Current assets
Debtors
6
11,301
11,301
Investments
7
283,740
283,740
Cash at bank and in hand
162,301
131,495
---------
---------
457,342
426,536
Creditors: amounts falling due within one year
8
65,922
63,557
---------
---------
Net current assets
391,420
362,979
---------
---------
Total assets less current liabilities
404,602
377,768
---------
---------
Net assets
404,602
377,768
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
404,598
377,764
---------
---------
Shareholders funds
404,602
377,768
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Wheelie Bin Films Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
D Cohen
Director
Company registration number: 07313008
Wheelie Bin Films Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Current asset investments
Current asset investments are carried forwards at the lower of cost and net realisable value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
20% reducing balance
Office Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 August 2023
29,477
17,278
46,755
Additions
3,747
3,747
--------
--------
--------
At 31 July 2024
29,477
21,025
50,502
--------
--------
--------
Depreciation
At 1 August 2023
17,674
14,292
31,966
Charge for the year
2,361
2,993
5,354
--------
--------
--------
At 31 July 2024
20,035
17,285
37,320
--------
--------
--------
Carrying amount
At 31 July 2024
9,442
3,740
13,182
--------
--------
--------
At 31 July 2023
11,803
2,986
14,789
--------
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
11,301
11,301
--------
--------
7. Investments
2024
2023
£
£
Other investments
283,740
283,740
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
39,158
39,146
Social security and other taxes
19,864
17,511
Other creditors
6,900
6,900
--------
--------
65,922
63,557
--------
--------