Silverfin false false 31/10/2024 01/05/2023 31/10/2024 Michael Chetwynd 10/09/2024 27/04/2015 Harry Solomon 06/09/2024 04 August 2025 The principal activity of the Company during the financial period was manufacturing of cricket bats. 09563754 2024-10-31 09563754 bus:Director1 2024-10-31 09563754 bus:Director2 2024-10-31 09563754 2023-04-30 09563754 core:CurrentFinancialInstruments 2024-10-31 09563754 core:CurrentFinancialInstruments 2023-04-30 09563754 core:Non-currentFinancialInstruments 2024-10-31 09563754 core:Non-currentFinancialInstruments 2023-04-30 09563754 core:ShareCapital 2024-10-31 09563754 core:ShareCapital 2023-04-30 09563754 core:RetainedEarningsAccumulatedLosses 2024-10-31 09563754 core:RetainedEarningsAccumulatedLosses 2023-04-30 09563754 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 09563754 core:PatentsTrademarksLicencesConcessionsSimilar 2024-10-31 09563754 core:PlantMachinery 2023-04-30 09563754 core:Vehicles 2023-04-30 09563754 core:ComputerEquipment 2023-04-30 09563754 core:PlantMachinery 2024-10-31 09563754 core:Vehicles 2024-10-31 09563754 core:ComputerEquipment 2024-10-31 09563754 bus:OrdinaryShareClass1 2024-10-31 09563754 2023-05-01 2024-10-31 09563754 bus:FilletedAccounts 2023-05-01 2024-10-31 09563754 bus:SmallEntities 2023-05-01 2024-10-31 09563754 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-10-31 09563754 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-10-31 09563754 bus:Director1 2023-05-01 2024-10-31 09563754 bus:Director2 2023-05-01 2024-10-31 09563754 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-05-01 2024-10-31 09563754 core:PlantMachinery 2023-05-01 2024-10-31 09563754 core:Vehicles 2023-05-01 2024-10-31 09563754 core:ComputerEquipment 2023-05-01 2024-10-31 09563754 2022-05-01 2023-04-30 09563754 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-01 2024-10-31 09563754 core:CurrentFinancialInstruments 2023-05-01 2024-10-31 09563754 core:Non-currentFinancialInstruments 2023-05-01 2024-10-31 09563754 bus:OrdinaryShareClass1 2023-05-01 2024-10-31 09563754 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09563754 (England and Wales)

WOMBAT CRICKET LIMITED

Unaudited Financial Statements
For the financial period from 01 May 2023 to 31 October 2024
Pages for filing with the registrar

WOMBAT CRICKET LIMITED

Unaudited Financial Statements

For the financial period from 01 May 2023 to 31 October 2024

Contents

WOMBAT CRICKET LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2024
WOMBAT CRICKET LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2024
Note 31.10.2024 30.04.2023
£ £
Fixed assets
Intangible assets 3 275 350
Tangible assets 4 2,823 7,682
3,098 8,032
Current assets
Stocks 1,800 30,000
Debtors 5 16,375 7,313
Cash at bank and in hand 13,135 1,731
31,310 39,044
Creditors: amounts falling due within one year 6 ( 104,309) ( 92,691)
Net current liabilities (72,999) (53,647)
Total assets less current liabilities (69,901) (45,615)
Creditors: amounts falling due after more than one year 7 ( 2,237) ( 5,489)
Net liabilities ( 72,138) ( 51,104)
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account ( 72,139 ) ( 51,105 )
Total shareholder's deficit ( 72,138) ( 51,104)

For the financial period ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Wombat Cricket Limited (registered number: 09563754) were approved and authorised for issue by the Director on 04 August 2025. They were signed on its behalf by:

Harry Solomon
Director
WOMBAT CRICKET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 October 2024
WOMBAT CRICKET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wombat Cricket Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Willow Court, Endsleigh, Ivybridge, PL21 9JL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Director and Executor have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The Director and Executor note that the business has net current liabilities of £72,138. The Company is supported through loans from the Director and Executor. The Director and Executor have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Director and Executor will continue to support the Company. Given the current position, the Director and Executor believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The current period has been extended by 6 months to an 18 month period as a result of the death of a Director. The figures are therefore not entirely comparable with the previous period of 12 months.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 8 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.05.2023 to
31.10.2024
Year ended
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 May 2023 400 400
At 31 October 2024 400 400
Accumulated amortisation
At 01 May 2023 50 50
Charge for the financial period 75 75
At 31 October 2024 125 125
Net book value
At 31 October 2024 275 275
At 30 April 2023 350 350

4. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 May 2023 9,105 8,449 711 18,265
Additions 220 0 820 1,040
Disposals ( 2,475) ( 6,449) 0 ( 8,924)
At 31 October 2024 6,850 2,000 1,531 10,381
Accumulated depreciation
At 01 May 2023 5,179 4,812 592 10,583
Charge for the financial period 737 760 70 1,567
Disposals ( 785) ( 3,807) 0 ( 4,592)
At 31 October 2024 5,131 1,765 662 7,558
Net book value
At 31 October 2024 1,719 235 869 2,823
At 30 April 2023 3,926 3,637 119 7,682

5. Debtors

31.10.2024 30.04.2023
£ £
Trade debtors 1,978 7,013
Other debtors 14,397 300
16,375 7,313

6. Creditors: amounts falling due within one year

31.10.2024 30.04.2023
£ £
Bank loans 2,042 1,965
Trade creditors 3,420 3,480
Amounts owed to director 15,968 18,398
Accruals 82,740 58,630
Other taxation and social security 0 1,179
Other creditors 139 9,039
104,309 92,691

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

31.10.2024 30.04.2023
£ £
Bank loans 2,237 5,489

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

31.10.2024 30.04.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

9. Related party transactions

Transactions with the entity's director

31.10.2024 30.04.2023
£ £
Amounts owed by the Company to the directors 15,968 18,398

No interest has been charged on this balance and there is no fixed date for repayment.

Other related party transactions

31.10.2024 30.04.2023
£ £
Amounts owed from / (to) associated companies 14,397 (8,900)

The amounts owed by associated companies are repayable on demand and are interest free.