IRIS Accounts Production v25.1.4.42 03459434 director 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034594342023-11-30034594342024-11-30034594342023-12-012024-11-30034594342022-11-30034594342022-12-012023-11-30034594342023-11-3003459434ns15:EnglandWales2023-12-012024-11-3003459434ns14:PoundSterling2023-12-012024-11-3003459434ns10:Director12023-12-012024-11-3003459434ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3003459434ns10:SmallEntities2023-12-012024-11-3003459434ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3003459434ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3003459434ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003459434ns10:FullAccounts2023-12-012024-11-3003459434ns10:OrdinaryShareClass12023-12-012024-11-3003459434ns10:CompanySecretary12023-12-012024-11-3003459434ns10:RegisteredOffice2023-12-012024-11-3003459434ns5:CurrentFinancialInstruments2024-11-3003459434ns5:CurrentFinancialInstruments2023-11-3003459434ns5:ShareCapital2024-11-3003459434ns5:ShareCapital2023-11-3003459434ns5:SharePremium2024-11-3003459434ns5:SharePremium2023-11-3003459434ns5:RetainedEarningsAccumulatedLosses2024-11-3003459434ns5:RetainedEarningsAccumulatedLosses2023-11-3003459434ns5:PlantMachinery2023-12-012024-11-3003459434ns5:FurnitureFittings2023-12-012024-11-3003459434ns5:PlantMachinery2023-11-3003459434ns5:FurnitureFittings2023-11-3003459434ns5:PlantMachinery2024-11-3003459434ns5:FurnitureFittings2024-11-3003459434ns5:PlantMachinery2023-11-3003459434ns5:FurnitureFittings2023-11-3003459434ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3003459434ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3003459434ns10:OrdinaryShareClass12024-11-3003459434ns5:RetainedEarningsAccumulatedLosses2023-11-3003459434ns5:SharePremium2023-11-3003459434ns5:RetainedEarningsAccumulatedLosses2023-12-012024-11-30
REGISTERED NUMBER: 03459434 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

WAYLAND'S FORGE LIMITED

WAYLAND'S FORGE LIMITED (REGISTERED NUMBER: 03459434)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WAYLAND'S FORGE LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Niamh Brewer





SECRETARY: Helen Claire Wright





REGISTERED OFFICE: LG06A Zellig
The Custard Factory, Gibb Street
Digbeth
Birmingham
West Midlands
B9 4AA





REGISTERED NUMBER: 03459434 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

WAYLAND'S FORGE LIMITED (REGISTERED NUMBER: 03459434)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304 358

CURRENT ASSETS
Stocks 5 47,600 45,000
Debtors 6 710 1,175
Cash at bank and in hand 6,725 6,844
55,035 53,019
CREDITORS
Amounts falling due within one year 7 14,453 12,483
NET CURRENT ASSETS 40,582 40,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,886

40,894

CAPITAL AND RESERVES
Called up share capital 8 881 881
Share premium 9 21,144 21,144
Retained earnings 9 18,861 18,869
SHAREHOLDERS' FUNDS 40,886 40,894

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WAYLAND'S FORGE LIMITED (REGISTERED NUMBER: 03459434)

Statement of Financial Position - continued
30 November 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





Niamh Brewer - Director


WAYLAND'S FORGE LIMITED (REGISTERED NUMBER: 03459434)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Wayland's Forge 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

WAYLAND'S FORGE LIMITED (REGISTERED NUMBER: 03459434)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 3,695 3,257 6,952
DEPRECIATION
At 1 December 2023 3,691 2,903 6,594
Charge for year 1 53 54
At 30 November 2024 3,692 2,956 6,648
NET BOOK VALUE
At 30 November 2024 3 301 304
At 30 November 2023 4 354 358

5. STOCKS
2024 2023
£    £   
Stocks 47,600 45,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 451
Prepayments 710 724
710 1,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,571 3,283
Corporation tax - 125
Social security and other taxes 961 969
VAT 269 -
Other creditors 5,350 3,579
Accrued expenses 3,302 4,527
14,453 12,483

WAYLAND'S FORGE LIMITED (REGISTERED NUMBER: 03459434)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
881 Ordinary £1 881 881

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 December 2023 18,869 21,144 40,013
Deficit for the year (8 ) (8 )
At 30 November 2024 18,861 21,144 40,005