WONDERLAWN LTD


Directors	WRIGHT, Barry Lynton
	WRIGHT, Melvyn


Registered Address	8 Browns Park Brunswick Industrial Estate
	Brunswick Village
	Newcastle Upon Tyne
	NE13 7GD


Registered Number	08324789 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		43,237		51,300
			43,237		51,300
Current assets
Stocks	4	60,000		65,000
Debtors		130,859		165,083
Cash at bank and on hand		11,714		4,896
		202,573		234,979
Creditors amounts falling due within one year	5	(108,087)		(136,546)
Net current assets (liabilities)			94,486		98,433
Total assets less current liabilities			137,723		149,733
Creditors amounts falling due after one year	6		(200,668)		(198,138)
Net assets			(62,945)		(48,405)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(62,946)		(48,406)
Shareholders' funds			(62,945)		(48,405)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2025, and are signed on its behalf by:

WRIGHT, Melvyn
Director
Registered Company No. 08324789

WONDERLAWN LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		3

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 January 24	77,121	18,916	96,037
At 31 December 24	77,121	18,916	96,037
Depreciation and impairment
At 01 January 24	33,878	10,859	44,737
Charge for year	6,486	1,577	8,063
At 31 December 24	40,364	12,436	52,800
Net book value
At 31 December 24	36,757	6,480	43,237
At 31 December 23	43,243	8,057	51,300

4.	Stocks

	2024	2023
	£	£
Finished goods	60,000	65,000
Total	60,000	65,000

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	85,809	108,527
Taxation and social security	18,133	23,503
Other creditors	4,145	4,516
Total	108,087	136,546


	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.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	17,369	93,595
Amounts owed to related parties	183,299	104,543
Total	200,668	198,138

7.	Obligations under finance leases