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
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
WADE DECORATORS LTD.
Statement of financial position
as at 31 October 2024
Tangible assets
11,374
18,049
Cash at bank and in hand
1,207
9,659
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)
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
WADE DECORATORS LTD.
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
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
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
At 31 October 2024
4,257
4,746
2,371
11,374
At 31 October 2023
3,840
12,187
2,022
18,049
WADE DECORATORS LTD.
Notes to the Accounts
for the year ended 31 October 2024
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
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)
-
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
8
Average number of employees
During the year the average number of employees was 12 (2023: 11).