Worktop Wizards Ltd 10305140 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is manufacture of kitchen worktops. Digita Accounts Production Advanced 6.30.9574.0 true true 10305140 2023-09-01 2024-08-31 10305140 2024-08-31 10305140 core:CurrentFinancialInstruments 2024-08-31 10305140 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10305140 bus:SmallEntities 2023-09-01 2024-08-31 10305140 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10305140 bus:FilletedAccounts 2023-09-01 2024-08-31 10305140 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10305140 bus:RegisteredOffice 2023-09-01 2024-08-31 10305140 bus:Director1 2023-09-01 2024-08-31 10305140 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10305140 countries:EnglandWales 2023-09-01 2024-08-31 10305140 2022-09-01 2023-08-31 10305140 2023-08-31 10305140 core:CurrentFinancialInstruments 2023-08-31 10305140 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 10305140

Worktop Wizards Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Worktop Wizards Ltd

Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

30,800

2,607

Cash at bank and in hand

 

32,993

53,030

 

63,793

55,637

Creditors: Amounts falling due within one year

5

(27,042)

(30,849)

Net assets

 

36,751

24,788

Capital and reserves

 

Called up share capital

10

10

Retained earnings

36,741

24,778

Shareholders' funds

 

36,751

24,788

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 28 May 2025
 

.........................................

Mrs Sharon Coulter

Director

Company registration number: 10305140

 

Worktop Wizards Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Outbuildings
Fine Acres
Tolhurst Lane
Wallcrouch
Wadhurst
TN5 7JG

The principal activity of the company is that of the manufacture of kitchen worktops.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets at 31 August 2024 amounting to £36,751 and has continued to trade profitably subsequent to 31 August 2024.

The company's cash flow forecasts indicate that the company has sufficient working capital for a period of at least 12 months from the date of approval of the financial statements. On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue upon contractual completion of worktops once it is probable economic benefits will flow to the company.

 

Worktop Wizards Ltd

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Trade debtors

-

2,607

Other debtors

30,800

-

30,800

2,607

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

-

1,080

Taxation and social security

4,441

4,436

Other creditors

22,601

25,333

27,042

30,849