| WOLSEY ROAD STORES LTD | |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 31 AUGUST 2024 | |
| WOLSEY ROAD STORES LTD | |||
| FINANCIAL STATEMENTS | |||
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||
| DIRECTORS | |||
| Mr H S Rai | |||
| SECRETARY | |||
| Mrs S Rai | |||
| REGISTERED OFFICE | |||
| 25 Park Street West Luton Beds LU1 3BE |
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| COMPANY REGISTERED NUMBER | |||
| 08167305 | |||
| BANKERS | |||
| Natwest Bank plc | |||
| ACCOUNTANTS | |||
| Haartwells Limited | |||
| Chartered Certified Accountants | |||
| 25 Park Street West Luton Bedfordshire LU1 3BE |
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| page 1 | |
| WOLSEY ROAD STORES LTD | |||
| FINANCIAL STATEMENTS | |||
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||
| CONTENTS | |||
| Pages | |||
| 3-4 | Statement of Financial Position | ||
| 5-8 | Notes to the Financial Statements | ||
| page 2 | |
| Company registered number: |
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| STATEMENT OF FINANCIAL POSITION AT |
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| Note | 2024 | 2023 | |||
| £ | £ | £ | |||
| FIXED ASSETS | |||||
| Property, plant and equipment | 4 | ||||
| CURRENT ASSETS | |||||
| Inventories | |||||
| Debtors | 5 | ||||
| Cash at bank and in hand | |||||
| CREDITORS: Amounts falling due within one year | 6 | ||||
| NET CURRENT ASSETS | |||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
| CREDITORS: Amounts falling due after more than one year | 7 | ( |
( |
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| NET ASSETS | £ |
£ |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | |||||
| Retained earnings | |||||
| SHAREHOLDERS' FUNDS | £ |
£ |
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| The notes on pages 5-8 form part of these financial statements | |
| page 3 | |
| Company registered number: |
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| STATEMENT OF FINANCIAL POSITION AT |
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| Note | 2024 | 2023 | |||
| £ | £ | £ | |||
| In approving these financial statements as directors of the company we hereby confirm the following: | |||
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
| The financial statements were approved and authorised for issue by the board of directors on |
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| Signed on behalf of the board of directors | |||
| The notes on pages 5-8 form part of these financial statements | |
| page 4 | |
| WOLSEY ROAD STORES LTD | |||
| NOTES TO THE ACCOUNTS | |||
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||
| 1. | SIGNIFICANT ACCOUNTING POLICIES | ||
| 1a. | Statement of compliance | |||
| Wolsey Road Stores Ltd is a Private Limited Company incorporated in |
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| The company's registered number and registered office address can be found on the Company Information page. | ||||
| These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 September 2023. | ||||
| Basis of accounting | ||||
| 1c. | Revenue recognition | |||
| 1d. | Taxation | |||
| 1e. | Property, plant and equipment | ||
| Plant and machinery | |||
| Vehicles | |||
| Fixtures and fittings | |||
| Equipment | |||
| 1f. | Inventories | |||
| The notes on pages 5-8 form part of these financial statements | |
| page 5 | |
| WOLSEY ROAD STORES LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||
| 1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) | ||
| 1g. | Short term debtors and creditors | |||
| 1h. | Cash and cash equivalents | |||
| 1i. | Interest bearing borrowings | |||
| 1j. | Leased assets | |||
| 2. | DIRECTORS AND EMPLOYEES | ||
| The average weekly number of employees during the year were as follows: | |||
| 2024 | 2023 | ||
| Management and administration | |||
| Production and sales | |||
| The notes on pages 5-8 form part of these financial statements | |
| page 6 | |
| WOLSEY ROAD STORES LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||
| 3. | INTANGIBLE FIXED ASSETS | ||
| Goodwill | Total | ||
| £ | £ | ||
| Cost | |||
| At 1 September 2023 | |||
| At 31 August 2024 | |||
| Amortisation | |||
| At 1 September 2023 | |||
| At 31 August 2024 | |||
| Net Book Amounts | |||
| At 31 August 2024 | |||
| 4. | PROPERTY, PLANT AND EQUIPMENT | |||
| Fixtures & | ||||
| Freehold | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 September 2023 | ||||
| At 31 August 2024 | ||||
| Depreciation | ||||
| At 1 September 2023 | ||||
| For the year | ||||
| At 31 August 2024 | ||||
| Net Book Amounts | ||||
| At 31 August 2024 | £ |
£ |
£ |
|
| At 31 August 2023 | £ |
£ |
£ |
|
| 5. | DEBTORS | 2024 | 2023 |
| £ | £ | ||
| Other debtors | |||
| £ |
£ |
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| The notes on pages 5-8 form part of these financial statements | |
| page 7 | |
| WOLSEY ROAD STORES LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans and overdrafts | 39,900 | 31,963 | |
| Trade creditors | |||
| Corporation tax | |||
| Other taxes and social security | |||
| Other creditors | |||
| Accruals and deferred income | |||
| £ |
£ |
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| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans and overdrafts | |||
| Other loans | |||
| Directors loans | |||
| £ |
£ |
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| Analysis of borrowings: | |||
| Due within five years: | |||
| within 1 year | |||
| bank | |||
| other | |||
| within 2-5 years | |||
| other | |||
| £149,287 | £147,119 | ||
| Due after five years: | |||
| wholly or in part by instalments | 103,964 | ||
| otherwise than by instalments | - | ||
| £ |
£103,964 | ||
| The notes on pages 5-8 form part of these financial statements | |
| page 8 |