REGISTERED NUMBER: 04098559 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Wainscot Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J L Prowse

G Prowse

SECRETARY:

REGISTERED OFFICE:

5 Harpenden Road

St Albans

Hertfordshire

AL3 5LW

REGISTERED NUMBER:

04098559 (England and Wales)

ACCOUNTANTS:

Mansfield & Co Chartered Accountants

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

137,662

178,452

137,662

178,452

CURRENT ASSETS

Debtors

6

35,974

59,000

Cash at bank and in hand

323,724

130,856

359,698

189,856

CREDITORS

Amounts falling due within one year

7

94,397

169,413

NET CURRENT ASSETS

265,301

20,443

TOTAL ASSETS LESS CURRENT LIABILITIES

402,963

198,895

CREDITORS

Amounts falling due after more than one year

8

(71,723

)

(7,969

)

PROVISIONS FOR LIABILITIES

(677

)

(677

)

NET ASSETS

330,563

190,249

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

330,513

190,199

SHAREHOLDERS' FUNDS

330,563

190,249

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 30 September 2025 and were signed on its behalf by:

Mrs J L Prowse - Director

1.	STATUTORY INFORMATION

Wainscot 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 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 39 (2023 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

80,000

AMORTISATION

At 1 January 2024

and 31 December 2024

80,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

159,382

217,711

377,093

Additions

-

5,098

5,098

At 31 December 2024

159,382

222,809

382,191

DEPRECIATION

At 1 January 2024

94,585

104,056

198,641

Charge for year

6,480

39,408

45,888

At 31 December 2024

101,065

143,464

244,529

NET BOOK VALUE

At 31 December 2024

58,317

79,345

137,662

At 31 December 2023

64,797

113,655

178,452

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

485

-

Other debtors

35,489

59,000

35,974

59,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

17,402

Trade creditors

14,736

23,975

Taxation and social security

12,728

19,350

Other creditors

66,933

108,686

94,397

169,413

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

71,723

7,969

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mrs J L Prowse and G Prowse

Balance outstanding at start of year

32,725

30,085

Amounts advanced

7,567

4,440

Amounts repaid

(31,443

)

(1,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,849

32,725

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,600 (2023 - £2,000) were paid to the directors .