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
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
Best Wishes (West Sussex) Limited
Statement of financial position
as at 31 May 2025
Tangible assets
1,948
3,120
Cash at bank and in hand
10,884
14,012
Creditors: amounts falling due within one year
(4,761)
(5,285)
Net current assets
25,299
26,863
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
Best Wishes (West Sussex) Limited
Notes to the Accounts
for the year ended 31 May 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Best Wishes (West Sussex) Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill
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
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
At 31 May 2025
917
1,031
1,948
At 31 May 2024
1,831
1,289
3,120
Amounts falling due within one year
Accrued income and prepayments
1,278
1,194
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,001
4,113
Loans from directors
582
237
Best Wishes (West Sussex) Limited
Notes to the Accounts
for the year ended 31 May 2025
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).