15 15 Wyatt Bros. (Oxford) Limited 01050775 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of other sports activities Digita Accounts Production Advanced 6.30.9574.0 true true 01050775 2023-10-01 2024-09-30 01050775 2024-09-30 01050775 bus:OrdinaryShareClass1 2024-09-30 01050775 core:CurrentFinancialInstruments 2024-09-30 01050775 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01050775 core:Non-currentFinancialInstruments 2024-09-30 01050775 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 01050775 core:FurnitureFittingsToolsEquipment 2024-09-30 01050775 core:LandBuildings 2024-09-30 01050775 bus:SmallEntities 2023-10-01 2024-09-30 01050775 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01050775 bus:FilletedAccounts 2023-10-01 2024-09-30 01050775 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01050775 bus:RegisteredOffice 2023-10-01 2024-09-30 01050775 bus:Director2 2023-10-01 2024-09-30 01050775 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 01050775 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01050775 core:Buildings 2023-10-01 2024-09-30 01050775 core:FurnitureFittings 2023-10-01 2024-09-30 01050775 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 01050775 core:LandBuildings 2023-10-01 2024-09-30 01050775 core:PlantMachinery 2023-10-01 2024-09-30 01050775 core:OtherRelatedParties 2023-10-01 2024-09-30 01050775 countries:AllCountries 2023-10-01 2024-09-30 01050775 2023-09-30 01050775 core:FurnitureFittingsToolsEquipment 2023-09-30 01050775 core:LandBuildings 2023-09-30 01050775 2022-10-01 2023-09-30 01050775 2023-09-30 01050775 bus:OrdinaryShareClass1 2023-09-30 01050775 core:CurrentFinancialInstruments 2023-09-30 01050775 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 01050775 core:Non-currentFinancialInstruments 2023-09-30 01050775 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 01050775 core:FurnitureFittingsToolsEquipment 2023-09-30 01050775 core:LandBuildings 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 01050775

Wyatt Bros. (Oxford) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Wyatt Bros. (Oxford) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Wyatt Bros. (Oxford) Limited

(Registration number: 01050775)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,543,939

2,559,462

Current assets

 

Stocks

5

17,752

13,789

Debtors

6

60,257

59,291

Cash at bank and in hand

 

108,993

222,494

 

187,002

295,574

Creditors: Amounts falling due within one year

7

(272,083)

(291,050)

Net current (liabilities)/assets

 

(85,081)

4,524

Total assets less current liabilities

 

2,458,858

2,563,986

Creditors: Amounts falling due after more than one year

7

(1,019,250)

(1,179,035)

Provisions for liabilities

(76,950)

-

Net assets

 

1,362,658

1,384,951

Capital and reserves

 

Called up share capital

8

150

150

Revaluation reserve

1,564,674

1,564,674

Retained earnings

(202,166)

(179,873)

Shareholders' funds

 

1,362,658

1,384,951

 

Wyatt Bros. (Oxford) Limited

(Registration number: 01050775)
Balance Sheet as at 30 September 2024

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 June 2025 and signed on its behalf by:
 

.........................................
Mr R C Wyatt
Director

 

Wyatt Bros. (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Waterstock Golf Club
Thame Road
Waterstock
Oxford
OX33 1HT

These financial statements were authorised for issue by the Board on 17 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wyatt Bros. (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Straight Line

Furniture, fittings and equipment

25% Straight Line

Freehold Property

2% Straight line (Buildings only)

Leasehold Property

Straight line over the unexpired lease term

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Wyatt Bros. (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 15).

 

Wyatt Bros. (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

2,668,817

469,908

3,138,725

Additions

-

27,859

27,859

At 30 September 2024

2,668,817

497,767

3,166,584

Depreciation

At 1 October 2023

152,725

426,538

579,263

Charge for the year

21,620

21,762

43,382

At 30 September 2024

174,345

448,300

622,645

Carrying amount

At 30 September 2024

2,494,472

49,467

2,543,939

At 30 September 2023

2,516,092

43,370

2,559,462

Included within the net book value of land and buildings above is £1,837,352 (2023 - £1,847,972) in respect of freehold land and buildings and £657,120 (2023 - £668,120) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Merchandise

17,752

13,789

6

Debtors

2024
£

2023
£

Trade debtors

22,444

13,235

Prepayments

11,402

19,786

Other debtors

26,411

26,270

60,257

59,291

 

Wyatt Bros. (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,000

10,510

Trade creditors

 

30,345

33,429

Taxation and social security

 

58,915

70,361

Accruals and deferred income

 

87,725

91,472

Other creditors

 

85,098

85,278

 

272,083

291,050

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

6,668

16,667

Other non-current financial liabilities

 

1,012,582

1,162,368

 

1,019,250

1,179,035

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 Shares of £1 each

150

150

150

150

       
 

Wyatt Bros. (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,668

16,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Bank overdrafts

-

510

10,000

10,510

10

Related party transactions

Summary of transactions with other related parties

Directors Current Accounts
At the balance sheet dates the amounts due to each director were as follows:
Ron Wyatt £199,486 (2023: £199,486)
Andrew Wyatt £173,521 (2023: £173,521)

The following related party balances have been included as other creditors as at the balance sheet date
Andrew Wyatt £173,521 (2023: £173,521)
Mark Wyatt £443,514 (2023: £443,514)
Ron Wyatt £199,486 (2023: £199,486)
Michael Wyatt £84,052 (2023: £84,052)
Ephriam & Organ Limited £196,061 (2023: £195,061)

The above balances, with the exception of the balance due to Ephriam & Organ Limited, carry interest at a rate determined by the Directors from time to time.