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Company Registration No. 11637287 (England and Wales)
WADE DECORATORS LTD. Unaudited accounts for the year ended 31 October 2024
WADE DECORATORS LTD. Unaudited accounts Contents
Page
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WADE DECORATORS LTD. Company Information for the year ended 31 October 2024
Directors
Mr M Wade Mr D A Watts
Company Number
11637287 (England and Wales)
Registered Office
Unit 27 Station Hill Thurston IP313QU United Kingdom
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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WADE DECORATORS LTD. Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,374 
18,049 
Current assets
Inventories
28,220 
2,944 
Debtors
305,726 
265,181 
Cash at bank and in hand
1,207 
9,659 
335,153 
277,784 
Creditors: amounts falling due within one year
(225,613)
(196,967)
Net current assets
109,540 
80,817 
Total assets less current liabilities
120,914 
98,866 
Creditors: amounts falling due after more than one year
(116,848)
(153,663)
Provisions for liabilities
Deferred tax
(2,844)
(1,255)
Net assets/(liabilities)
1,222 
(56,052)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,122 
(56,152)
Shareholders' funds
1,222 
(56,052)
For the year ending 31 October 2024 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 24 February 2025 and were signed on its behalf by
Mr M Wade Director Company Registration No. 11637287
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WADE DECORATORS LTD. Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
WADE DECORATORS LTD. is a private company, limited by shares, registered in England and Wales, registration number 11637287. The registered office is Unit 27, Station Hill, Thurston, IP313QU, United Kingdom.
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.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
10,665 
28,887 
5,846 
45,398 
Additions
1,660 
5,995 
1,109 
8,764 
Disposals
- 
(28,887)
- 
(28,887)
At 31 October 2024
12,325 
5,995 
6,955 
25,275 
Depreciation
At 1 November 2023
6,825 
16,700 
3,824 
27,349 
Charge for the year
1,243 
1,757 
760 
3,760 
On disposals
- 
(17,208)
- 
(17,208)
At 31 October 2024
8,068 
1,249 
4,584 
13,901 
Net book value
At 31 October 2024
4,257 
4,746 
2,371 
11,374 
At 31 October 2023
3,840 
12,187 
2,022 
18,049 
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WADE DECORATORS LTD. Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
204,028 
141,760 
Accrued income and prepayments
1,083 
12,254 
Other debtors
100,615 
111,167 
305,726 
265,181 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
128,421 
108,559 
Obligations under finance leases and hire purchase contracts
770 
5,311 
Trade creditors
25,026 
20,275 
Taxes and social security
61,379 
- 
Other creditors
10,154 
60,763 
Loans from directors
(450)
- 
Accruals
313 
2,059 
225,613 
196,967 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
116,848 
149,378 
Obligations under finance leases and hire purchase contracts
- 
4,285 
116,848 
153,663 
8
Average number of employees
During the year the average number of employees was 12 (2023: 11).
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