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REGISTERED NUMBER: 10903045 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WIGNALLS YALLO LIMITED

WIGNALLS YALLO LIMITED (REGISTERED NUMBER: 10903045)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WIGNALLS YALLO LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: D O Wignall
J F Wignall





REGISTERED OFFICE: Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF





REGISTERED NUMBER: 10903045 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WIGNALLS YALLO LIMITED (REGISTERED NUMBER: 10903045)

STATEMENT OF FINANCIAL POSITION
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,750 19,745

CURRENT ASSETS
Debtors 5 49,457 53,900
Cash at bank 6,038 1,133
55,495 55,033
CREDITORS
Amounts falling due within one year 6 267,801 268,300
NET CURRENT LIABILITIES (212,306 ) (213,267 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(197,556

)

(193,522

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (197,656 ) (193,622 )
SHAREHOLDERS' FUNDS (197,556 ) (193,522 )

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





D O Wignall - Director


WIGNALLS YALLO LIMITED (REGISTERED NUMBER: 10903045)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Wignalls Yallo Limited 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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is dependent on the continuing support both financial and management of it's directors and shareholders, who have confirmed their intention to do so for the coming 12 months.

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 represents the net invoice value of goods and services provided.

Tangible fixed assets
Tangible fixed assets are included at cost or valuation less depreciation and impairment.

Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery- 20% reducing balance
Fixtures and fittings- 20% reducing balance
Motor vehicles- 25% reducing balance
Computer equipment- 20% straight line

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

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

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 statement of financial position date.

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 1 (2023 - 1 ) .

WIGNALLS YALLO LIMITED (REGISTERED NUMBER: 10903045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 52,782 513 7,708 11,412 72,415
Disposals (4,142 ) (513 ) - - (4,655 )
At 31 August 2024 48,640 - 7,708 11,412 67,760
DEPRECIATION
At 1 September 2023 34,544 378 6,336 11,412 52,670
Charge for year 3,719 135 343 - 4,197
Eliminated on disposal (3,344 ) (513 ) - - (3,857 )
At 31 August 2024 34,919 - 6,679 11,412 53,010
NET BOOK VALUE
At 31 August 2024 13,721 - 1,029 - 14,750
At 31 August 2023 18,238 135 1,372 - 19,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 72
Amounts owed by group undertakings 47,814 52,576
Other debtors 412 100
Prepayments and accrued income 1,231 1,152
49,457 53,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,123 6,173
Amounts owed to related undertakings 27,900 27,900
Social security and other taxes - 427
Directors' current accounts 229,472 229,472
Deferred income 806 968
Accrued expenses 1,500 3,360
267,801 268,300