Registered number
12997912
Compost UK (Wingate) Limited
Filleted Accounts
31 October 2024
Compost UK (Wingate) Limited
Registered number: 12997912
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 335,250 406,480
Current assets
Stocks 50,000 50,000
Debtors 5 300,748 293,043
Cash at bank and in hand 88,680 62,103
439,428 405,146
Creditors: amounts falling due within one year 6 (299,788) (264,227)
Net current assets 139,640 140,919
Total assets less current liabilities 474,890 547,399
Creditors: amounts falling due after more than one year 7 (466,896) (517,848)
Net assets 7,994 29,551
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,894 29,451
Shareholder's funds 7,994 29,551
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Bramhall
Director
Approved by the board on 14 July 2025
Compost UK (Wingate) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill and other intellectual property:
Cost
At 1 November 2023 583,877
At 31 October 2024 583,877
Amortisation
At 1 November 2023 177,397
Provided during the year 71,230
At 31 October 2024 248,627
Net book value
At 31 October 2024 335,250
At 31 October 2023 406,480
Goodwill and IP is being written off over their estimated economic life.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 3,173
At 31 October 2024 3,173
Depreciation
At 1 November 2023 3,173
At 31 October 2024 3,173
Net book value
At 31 October 2024 -
At 31 October 2023 -
5 Debtors 2024 2023
£ £
Trade debtors 181,743 123,706
Amounts owed by group undertakings and undertakings in which the company has a participating interest 24,380 3,000
Other debtors 94,625 166,337
300,748 293,043
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 11,172
Trade creditors 155,387 135,891
Taxation and social security costs 77,449 86,164
Other creditors 66,952 31,000
299,788 264,227
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 466,896 517,848
8 Controlling party
The company is a wholly owned subsidiary undertaking of Compost UK (Management) Limited, registered at the same addess as below.
9 Other information
Compost UK (Wingate) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Netherton Cottage
Walwyn Road
Colwall
WR13 6EG
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