Registration number: 13304849

Wagtails of the Wolds Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Wagtails of the Wolds Ltd

Company Information

Director

Miss Louisa Jane Wellington

Registered office

Elm Tree Lodge 72 Hutton Road Hutton Cranswick East Yorkshire YO25 9PP

Bankers

Starling Bank 3rd Floor 2 Finsbury Avenue London EC2M 2PP

Accountants

Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Wagtails of the Wolds Ltd

(Registration number: 13304849)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,188	2,076
Tangible assets	5	41,022	20,304
		42,210	22,380
Current assets
Stocks	6	500	500
Debtors	7	-	715
Cash at bank and in hand		73,969	57,996
		74,469	59,211
Creditors: Amounts falling due within one year	8	(21,562)	(17,432)
Net current assets		52,907	41,779
Total assets less current liabilities		95,117	64,159
Provisions for liabilities		(395)	(438)
Net assets		94,722	63,721
Capital and reserves
Called up share capital	9	100	100
Retained earnings		94,622	63,621
Shareholders' funds		94,722	63,721

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 October 2025
 

Wagtails of the Wolds Ltd

(Registration number: 13304849)
Balance Sheet as at 31 March 2025

......................................... Miss Louisa Jane Wellington Director

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Elm Tree Lodge
72 Hutton Road
Hutton Cranswick
East Yorkshire
YO25 9PP
United Kingdom

These financial statements were authorised for issue by the director on 6 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Government grants

Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Reducing balance at 25%
Garden office	Straight line over 15 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development	Straight line @ 20%

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 April 2024	4,440	4,440
At 31 March 2025	4,440	4,440
Amortisation
At 1 April 2024	2,364	2,364
Amortisation charge	888	888
At 31 March 2025	3,252	3,252
Carrying amount
At 31 March 2025	1,188	1,188
At 31 March 2024	2,076	2,076

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	18,000	3,429	21,429
Additions	23,725	469	24,194
At 31 March 2025	41,725	3,898	45,623
Depreciation
At 1 April 2024	-	1,125	1,125
Charge for the year	2,782	694	3,476
At 31 March 2025	2,782	1,819	4,601
Carrying amount
At 31 March 2025	38,943	2,079	41,022
At 31 March 2024	18,000	2,304	20,304

Included within the net book value of land and buildings above is £38,943 (2024 - £18,000) in respect of short leasehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	500	500

7

Debtors

Current	2025 £	2024 £
Other debtors	-	715
	-	715

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	2,700	-
Trade creditors		286	151
Taxation and social security		18,577	17,281
Other creditors		(1)	-
		21,562	17,432

9	Share capital

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	2,700	-

11

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £250.00 (2024 - £220.00) per each Ordinary £1		25,000		22,000

Wagtails of the Wolds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	13,838	12,987
Contributions paid to money purchase schemes	24,000	12,044
	37,838	25,031

Dividends paid to the director

		2025 £		2024 £
Miss Louisa Jane Wellington
Ordinary £1		25,000		22,000

Loans to related parties

2025	Key management £	Total £
At start of period	716	716
Repaid	(716)	(716)
At end of period	-	-

2024	Key management £	Total £
At start of period	6,522	6,522
Repaid	(5,806)	(5,806)
At end of period	716	716

Loans from related parties

2025	Key management £	Total £
Advanced	2,700	2,700
At end of period	2,700	2,700