Company registration number: 11619547
Unaudited financial statements
for the year ended 31 October 2024
for
Wensum Valley Decorators Ltd
Pages for filing with the Registrar
Company registration number: 11619547
Wensum Valley Decorators Ltd
Balance sheet
as at 31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 27,836 27,897
27,836 27,897
Current assets
Debtors 123,226 85,128
Cash at bank and in hand 48,947 34,133
172,173 119,261
Creditors: amounts falling due within one
year 		(38,721) (48,908)
Net current assets 133,452 70,353
Total assets less current liabilities 161,288 98,250
Creditors: Amounts falling due after more
than one year 		(18,273) -
NET ASSETS 143,015 98,250
Capital and reserves
Called up share capital 2 1
Profit and loss account 143,013 98,249
TOTAL EQUITY 143,015 98,250
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11619547
Wensum Valley Decorators Ltd
Balance sheet - continued
as at 31 October 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 October 2025 and signed on its behalf by:
Mr D Spriggs, Director
29 October 2025
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Wensum Valley Decorators Ltd
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
Wensum Valley Decorators Ltd is a private company registered in England and Wales. Its registered number is 11619547. The company is limited by shares. Its registered office is 19 Upper King Street, Norwich, NR3 1RB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% straight line
Motor vehicles - 20% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Wensum Valley Decorators Ltd
Notes to the financial statements - continued
for the year ended 31 October 2024
2 Accounting policies - continued
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2023 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2023 48,604
Additions 12,075
At 31 October 2024 60,679
Depreciation
At 1 November 2023 20,707
Charge for year 12,136
At 31 October 2024 32,843
Net book value
At 31 October 2024 27,836
At 31 October 2023 27,897
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