WINFIELDS SALES & LETTINGS LIMITED


Directors	WINFIELD, Gill
	WINFIELD, Thomas


Registered Address	345a Torquay Road
	Paignton
	TQ3 2EP


Registered Number	07008807 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		5,200		7,800
Tangible assets	4		7,979		9,858
			13,179		17,658
Current assets
Debtors	5	106,353		59,697
Cash at bank and on hand		653		2,192
		107,006		61,889
Creditors amounts falling due within one year	6	(33,580)		(27,446)
Net current assets (liabilities)			73,426		34,443
Total assets less current liabilities			86,605		52,101
Creditors amounts falling due after one year			(70,851)		(42,434)
Provisions for liabilities	7		-		(182)
Net assets			15,754		9,485
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			14,754		8,485
Shareholders' funds			15,754		9,485

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2025, and are signed on its behalf by:

WINFIELD, Gill
Director

WINFIELD, Thomas
Director

Registered Company No. 07008807

WINFIELDS SALES & LETTINGS LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	5

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 October 23	13,000	13,000
At 30 September 24	13,000	13,000
Amortisation and impairment
At 01 October 23	5,200	5,200
Charge for year	2,600	2,600
At 30 September 24	7,800	7,800
Net book value
At 30 September 24	5,200	5,200
At 30 September 23	7,800	7,800

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 October 23	9,137	8,429	17,566
Disposals	-	(49)	(49)
At 30 September 24	9,137	8,380	17,517
Depreciation and impairment
At 01 October 23	1,608	6,100	7,708
Charge for year	914	916	1,830
At 30 September 24	2,522	7,016	9,538
Net book value
At 30 September 24	6,615	1,364	7,979
At 30 September 23	7,529	2,329	9,858

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	287
Other debtors	100,996	47,624
Total	100,996	47,911

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	22,159	12,310
Bank borrowings and overdrafts	3,082	8,161
Taxation and social security	4,989	2,522
Other creditors	3,350	-
Accrued liabilities and deferred income	-	4,453
Total	33,580	27,446

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	-	182
Total	-	182