0 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 04695277 2023-10-01 2024-09-30 04695277 2024-09-30 04695277 2023-09-30 04695277 2022-10-01 2023-09-30 04695277 2023-09-30 04695277 2022-09-30 04695277 core:NetGoodwill 2023-10-01 2024-09-30 04695277 bus:RegisteredOffice 2023-10-01 2024-09-30 04695277 bus:Director1 2023-10-01 2024-09-30 04695277 bus:Director2 2023-10-01 2024-09-30 04695277 core:WithinOneYear 2024-09-30 04695277 core:WithinOneYear 2023-09-30 04695277 core:AfterOneYear 2024-09-30 04695277 core:AfterOneYear 2023-09-30 04695277 core:ShareCapital 2024-09-30 04695277 core:ShareCapital 2023-09-30 04695277 core:RetainedEarningsAccumulatedLosses 2024-09-30 04695277 core:RetainedEarningsAccumulatedLosses 2023-09-30 04695277 bus:SmallEntities 2023-10-01 2024-09-30 04695277 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04695277 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04695277 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04695277 bus:AbridgedAccounts 2023-10-01 2024-09-30
Company registration number: 04695277
Warents Feingold & Co Limited
Unaudited abridged financial statements
30 September 2024
Warents Feingold & Co Limited
Contents
Directors and other information
Directors report
Abridged statement of comprehensive income
Abridged statement of financial position
Notes to the financial statements
Warents Feingold & Co Limited
Directors and other information
Directors Mr B D Adler
Mr M C Glass (Resigned 31 March 2025)
Company number 04695277
Registered office 349 Bury Old Road
Prestwich
Manchester
M25 1PY
Warents Feingold & Co Limited
Directors report
Year ended 30 September 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2024.
Directors
The directors who served the company during the year were as follows:
Mr B D Adler
Mr M C Glass (Resigned 31 March 2025)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 11 June 2025 and signed on behalf of the board by:
Mr B D Adler
Director
Warents Feingold & Co Limited
Abridged statement of comprehensive income
Year ended 30 September 2024
2024 2023
Note £ £
Gross profit 839,319 801,517
Administrative expenses ( 615,448) ( 589,766)
_______ _______
Operating profit 223,871 211,751
Other interest receivable and similar income 856 414
Interest payable and similar expenses ( 256) ( 664)
_______ _______
Profit before taxation 4 224,471 211,501
Tax on profit ( 55,822) ( 46,332)
_______ _______
Profit for the financial year and total comprehensive income 168,649 165,169
_______ _______
All the activities of the company are from continuing operations.
Warents Feingold & Co Limited
Abridged statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 1,172,501 1,172,501
Tangible assets 6 1,860 2,190
_______ _______
1,174,361 1,174,691
Current assets
Debtors 153,439 166,686
Cash at bank and in hand 172 1,458
_______ _______
153,611 168,144
Creditors: amounts falling due
within one year ( 140,646) ( 169,062)
_______ _______
Net current assets/(liabilities) 12,965 ( 918)
_______ _______
Total assets less current liabilities 1,187,326 1,173,773
Creditors: amounts falling due
after more than one year ( 46,755) ( 63,851)
_______ _______
Net assets 1,140,571 1,109,922
_______ _______
Capital and reserves
Called up share capital 6 6
Profit and loss account 1,140,565 1,109,916
_______ _______
Shareholders funds 1,140,571 1,109,922
_______ _______
For the year ending 30 September 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.
These financial statements have been prepared 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'.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
Mr B D Adler
Director
Company registration number: 04695277
Warents Feingold & Co Limited
Notes to the financial statements
Year ended 30 September 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 349 Bury Old Road, Prestwich, Manchester, M25 1PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 330 300
_______ _______
5. Intangible assets
£
Cost
At 1 October 2023 and 30 September 2024 1,172,501
_______
Amortisation
At 1 October 2023 and 30 September 2024 -
_______
Carrying amount
At 30 September 2024 1,172,501
_______
At 30 September 2023 1,172,501
_______
6. Tangible assets
£
Cost
At 1 October 2023 and 30 September 2024 7,985
_______
Depreciation
At 1 October 2023 5,795
Charge for the year 330
_______
At 30 September 2024 6,125
_______
Carrying amount
At 30 September 2024 1,860
_______
At 30 September 2023 2,190
_______