REGISTERED NUMBER: 04776022 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

WOLF 1834, LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Wolf

F K Howard

REGISTERED OFFICE:

Unit D The Hollow

Washington

Pulborough

West Sussex

RH20 3GR

REGISTERED NUMBER:

04776022 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

69,722

36,447

Tangible assets

5

144,935

174,337

214,657

210,784

CURRENT ASSETS

Stocks

6

5,654,263

5,633,950

Debtors

7

1,961,975

1,561,893

Cash at bank

796,302

2,144,254

8,412,540

9,340,097

CREDITORS

Amounts falling due within one year

8

(3,544,225

)

(4,048,956

)

NET CURRENT ASSETS

4,868,315

5,291,141

TOTAL ASSETS LESS CURRENT LIABILITIES

5,082,972

5,501,925

PROVISIONS FOR LIABILITIES

10

(5,466

)

(7,220

)

NET ASSETS

5,077,506

5,494,705

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

5,077,406

5,494,605

SHAREHOLDERS' FUNDS

5,077,506

5,494,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

S P Wolf - Director

1.	STATUTORY INFORMATION

Wolf 1834, Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of luxury jewelry accessories is recognised at the point of sale.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Improvements to property

-

10% on cost

Plant and machinery

-

25% reducing balance

Fixture and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments

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 entity after deducting all of its financial liabilities.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Patents and

licences

£

COST

At 1 January 2024

40,497

Additions

41,472

At 31 December 2024

81,969

AMORTISATION

At 1 January 2024

4,050

Amortisation for year

8,197

At 31 December 2024

12,247

NET BOOK VALUE

At 31 December 2024

69,722

At 31 December 2023

36,447

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

Computer

to property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

212,162

40,296

105,711

18,034

376,203

Additions

-

-

2,053

-

2,053

Disposals

-

(4,990

)

-

-

(4,990

)

At 31 December 2024

212,162

35,306

107,764

18,034

373,266

DEPRECIATION

At 1 January 2024

73,176

27,494

83,162

18,034

201,866

Charge for year

21,216

2,997

6,151

-

30,364

Eliminated on disposal

-

(3,899

)

-

-

(3,899

)

At 31 December 2024

94,392

26,592

89,313

18,034

228,331

NET BOOK VALUE

At 31 December 2024

117,770

8,714

18,451

-

144,935

At 31 December 2023

138,986

12,802

22,549

-

174,337

6.

STOCKS

2024

2023

£

£

Stock

5,654,263

5,633,950

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,066,213

1,012,116

Amounts owed by group undertakings

647,785

-

Other debtors

247,977

549,777

1,961,975

1,561,893

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,430,304

2,819,211

Amounts owed to group undertakings

1,596,024

-

Taxation and social security

140,179

393,660

Other creditors

377,718

836,085

3,544,225

4,048,956

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

77,500

77,500

Between one and five years

174,375

251,875

251,875

329,375

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

5,466

7,220

Deferred tax

£

Balance at 1 January 2024

7,220

Accelerated capital allowances

(1,754

)

Balance at 31 December 2024

5,466

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Share Capital

£1

100

100