REGISTERED NUMBER: 04444906 (England and Wales)

Wicken Toys Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Ward

Mrs R A Ward

C D Ward

A P Ward

SECRETARY:

C D Ward

REGISTERED OFFICE:

Hurst Farm

Wicken

Milton Keynes

Buckinghamshire

MK19 6BJ

REGISTERED NUMBER:

04444906 (England and Wales)

ACCOUNTANTS:

Kilby Fox

Chartered Accountants

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

FIXED ASSETS

Intangible assets

4

-

3,400

Tangible assets

5

124,867

161,625

124,867

165,025

CURRENT ASSETS

Stocks

933,965

875,173

Debtors

6

67,293

32,089

Cash at bank and in hand

1,678

90,508

1,002,936

997,770

CREDITORS

Amounts falling due within one year

7

448,411

345,542

NET CURRENT ASSETS

554,525

652,228

TOTAL ASSETS LESS CURRENT LIABILITIES

679,392

817,253

CREDITORS

Amounts falling due after more than one year

8

(4,703

)

(41,200

)

PROVISIONS FOR LIABILITIES

(18,569

)

(18,569

)

NET ASSETS

656,120

757,484

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

655,220

756,584

SHAREHOLDERS' FUNDS

656,120

757,484

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 29 September 2025 and were signed on its behalf by:

K A Ward - Director

C D Ward - Director

1.	STATUTORY INFORMATION

Wicken Toys Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised evenly over its estimated useful life of ten years.

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.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

375,000

17,000

392,000

AMORTISATION

At 1 January 2024

375,000

13,600

388,600

Charge for year

-

3,400

3,400

At 31 December 2024

375,000

17,000

392,000

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

3,400

3,400

5.	TANGIBLE FIXED ASSETS

Fixtures

Property

and

Motor

improvements

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

65,215

183,238

210,807

459,260

Additions

-

3,253

-

3,253

Disposals

-

(1,331

)

-

(1,331

)

At 31 December 2024

65,215

185,160

210,807

461,182

DEPRECIATION

At 1 January 2024

57,036

92,333

148,266

297,635

Charge for year

818

23,533

15,635

39,986

Eliminated on disposal

-

(1,306

)

-

(1,306

)

At 31 December 2024

57,854

114,560

163,901

336,315

NET BOOK VALUE

At 31 December 2024

7,361

70,600

46,906

124,867

At 31 December 2023

8,179

90,905

62,541

161,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,690

5,694

Amounts owed by associates

300

300

Other debtors

51,303

26,095

67,293

32,089

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

63,728

5

Hire purchase contracts

27,440

27,440

Trade creditors

84,769

60,561

Social security and other taxes

12,615

11,265

Pension fund

1,512

1,414

VAT

52,672

13,816

Sundry creditors and accruals

64,480

75,579

Directors' loan accounts

141,195

155,462

448,411

345,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

6,000

Bank loans - 2-5 years

-

3,056

Hire purchase contracts

4,703

32,144

4,703

41,200