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REGISTERED NUMBER: 04493245 (England and Wales)






Womersley's Limited

Financial Statements

for the Year Ended 30 September 2024






Womersley's Limited (Registered number: 04493245)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Womersley's Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr M A Womersley
Mr I Womersley





SECRETARY: Mr I Womersley





REGISTERED OFFICE: Ravensthorpe Industrial Estate
Low Mill Lane
Ravensthorpe
Dewsbury
West Yorkshire
WF13 3LN





REGISTERED NUMBER: 04493245 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Accountants & Business Advisors
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Womersley's Limited (Registered number: 04493245)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,351 36,685
42,351 36,685

CURRENT ASSETS
Stocks 195,767 159,440
Debtors 6 135,067 134,297
Cash at bank and in hand 87,908 64,796
418,742 358,533
CREDITORS
Amounts falling due within one year 7 385,430 313,381
NET CURRENT ASSETS 33,312 45,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,663

81,837

PROVISIONS FOR LIABILITIES 8,047 9,171
NET ASSETS 67,616 72,666

Womersley's Limited (Registered number: 04493245)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £ £ £

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 67,516 72,566
SHAREHOLDERS' FUNDS 67,616 72,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




Mr M A Womersley - Director



Mr I Womersley - Director


Womersley's Limited (Registered number: 04493245)

Notes to the Financial Statements
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Womersley's 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.

The functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 amounts paid in connection with the acquisition of a business in 2002, is, from the date of transition to FRS 102 (1 October 2015), being amortised evenly of its estimated remaining useful life of 7 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


Womersley's Limited (Registered number: 04493245)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 103,333
AMORTISATION
At 1 October 2023
and 30 September 2024 103,333
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Womersley's Limited (Registered number: 04493245)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 October 2023 30,058 6,071 35,995 72,124
Additions 10,707 389 9,000 20,096
At 30 September 2024 40,765 6,460 44,995 92,220
DEPRECIATION
At 1 October 2023 14,546 4,395 16,498 35,439
Charge for year 4,731 607 9,092 14,430
At 30 September 2024 19,277 5,002 25,590 49,869
NET BOOK VALUE
At 30 September 2024 21,488 1,458 19,405 42,351
At 30 September 2023 15,512 1,676 19,497 36,685

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 October 2023 - 35,995 35,995
Additions 9,361 - 9,361
Transfer to ownership 7,000 (35,995 ) (28,995 )
At 30 September 2024 16,361 - 16,361
DEPRECIATION
At 1 October 2023 - 16,498 16,498
Charge for year 2,867 8,998 11,865
Transfer to ownership 467 (25,496 ) (25,029 )
At 30 September 2024 3,334 - 3,334
NET BOOK VALUE
At 30 September 2024 13,027 - 13,027
At 30 September 2023 - 19,497 19,497

Womersley's Limited (Registered number: 04493245)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 104,406 125,564
Other debtors - 129
Directors' current accounts - 3,311
VAT 19,386 -
Prepayments and accrued income 11,275 5,293
135,067 134,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 5,418 1,860
Trade creditors 314,590 209,342
Tax 1,533 1,059
Social security and other taxes 4,470 4,070
VAT - 38,386
Other creditors 4,323 3,078
Wages creditor 866 -
Directors' current accounts 31,467 34,198
Accruals and deferred income 22,763 21,388
385,430 313,381

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 5,418 1,860

Non-cancellable
operating leases
2024 2023
£ £
Within one year 33,188 1,188
Between one and five years 7,221 4,752
In more than five years - 999
40,409 6,939

Womersley's Limited (Registered number: 04493245)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
80 Ordinary 1 80 80
20 A Ordinary 1 20 20
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£ £
Mr M A Womersley
Balance outstanding at start of year 3,311 -
Amounts advanced 9,061 3,311
Amounts repaid (12,372 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,311

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the directors .