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Company Registration No. 7832754 (England and Wales)
Best Wishes (West Sussex) Limited Unaudited accounts for the year ended 31 May 2025
Best Wishes (West Sussex) Limited Unaudited accounts Contents
Page
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Best Wishes (West Sussex) Limited Company Information for the year ended 31 May 2025
Directors
G P James H R Partidge
Company Number
7832754 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Best Wishes (West Sussex) Limited Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,948 
3,120 
Current assets
Inventories
17,767 
16,942 
Debtors
1,409 
1,194 
Cash at bank and in hand
10,884 
14,012 
30,060 
32,148 
Creditors: amounts falling due within one year
(4,761)
(5,285)
Net current assets
25,299 
26,863 
Net assets
27,247 
29,983 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
27,245 
29,981 
Shareholders' funds
27,247 
29,983 
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2025 and were signed on its behalf by
G P James Director Company Registration No. 7832754
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Best Wishes (West Sussex) Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Best Wishes (West Sussex) Limited is a private company, limited by shares, registered in England and Wales, registration number 7832754. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
7 year straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Best Wishes (West Sussex) Limited Notes to the Accounts for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2024
15,000 
At 31 May 2025
15,000 
Amortisation
At 1 June 2024
15,000 
At 31 May 2025
15,000 
Net book value
At 31 May 2025
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2024
6,401 
13,833 
20,234 
At 31 May 2025
6,401 
13,833 
20,234 
Depreciation
At 1 June 2024
4,570 
12,544 
17,114 
Charge for the year
914 
258 
1,172 
At 31 May 2025
5,484 
12,802 
18,286 
Net book value
At 31 May 2025
917 
1,031 
1,948 
At 31 May 2024
1,831 
1,289 
3,120 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,278 
1,194 
Other debtors
131 
- 
1,409 
1,194 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
338 
- 
Taxes and social security
3,001 
4,113 
Loans from directors
582 
237 
Accruals
840 
935 
4,761 
5,285 
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Best Wishes (West Sussex) Limited Notes to the Accounts for the year ended 31 May 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
31,500 
52,500 
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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