WHARFEDALE DECORATIONS LIMITED


Directors	CASEY, David James
	WILSON, Scott Michael


Registered Address	Unit 3 Rawdon Park
	Yeadon
	Leeds
	LS19 7BA


Registered Number	01861061 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Revenue on contracts is recognised by reference to the stage of completion of the contracts at the balance sheet date. The stage of completion is assessed on a contract by contract basis and is based on actual work performed on each contract at the balance sheet date.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Revenue on contracts is recognised by reference to the stage of completion of the contracts at the balance sheet date. The stage of completion is assessed on a contract by contract basis and is based on actual work performed on each contract at the balance sheet date.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	-	4
Vehicles	25	-

	Investments
	Investments in subsidiaries and associates are measured at cost less any accumulated impairment losses.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	42		43

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 April 24	87,000	377,964	55,532	520,496
Additions	-	48,590	1,834	50,424
Disposals	-	(32,310)	(1,660)	(33,970)
At 31 March 25	87,000	394,244	55,706	536,950
Depreciation and impairment
At 01 April 24	21,750	159,384	10,913	192,047
Charge for year	16,313	65,865	13,850	96,028
On disposals	-	(28,598)	(1,340)	(29,938)
At 31 March 25	38,063	196,651	23,423	258,137
Net book value
At 31 March 25	48,937	197,593	32,283	278,813
At 31 March 24	65,250	218,580	44,619	328,449

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	100	100
At 31 March 25	100	100
Net book value
At 31 March 25	100	100
At 31 March 24	100	100

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	610,495	433,300
Amounts owed by group undertakings	94,651	2,376
Other debtors	139,109	554,772
Prepayments and accrued income	41,965	30,651
Total	886,220	1,021,099

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	192,517	182,064
Amounts owed to related parties	37,624	100
Taxation and social security	365,213	346,100
Other creditors	21,574	46,396
Accrued liabilities and deferred income	100,762	177,277
Total	717,690	751,937

7.	Provisions for liabilities
	The provision for deferred tax is made up of £68,020 in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	68,020	79,587
Total	68,020	79,587

8.	Operating lease commitments
	At 31st March 2025 the company had future minimum lease payments under non-cancellable operating leases of £68,420 (2024 - £120,268).

9.	Contingent liabilities
	A debenture and cross guarantee was registered at Companies House in relation to the purchase of a property between the company, its parent and Barclays. Fixed and floating charges cover all property and undertakings of the companies.

10.	Related party transactions
	Included within other debtors, due within one year, is an amount of £94,651 (2024 - £2,376), due from companies under common control. These balances are interest free and repayable on demand. Included within other creditors, due within one year, is an amount of £37,624 (2024 - £100), due to companies under common control. These balances are interest free and repayable on demand. Included within other debtors, due within one year, is an amount of £139,109 due from the directors. This balance is interest free and repayable on demand.

10.

Related party transactions

Included within other debtors, due within one year, is an amount of £94,651 (2024 - £2,376), due from companies under common control. These balances are interest free and repayable on demand.

Included within other creditors, due within one year, is an amount of £37,624 (2024 - £100), due to companies under common control. These balances are interest free and repayable on demand.

Included within other debtors, due within one year, is an amount of £139,109 due from the directors. This balance is interest free and repayable on demand.

11.	Controlling party
	This company's parent undertaking and controlling party is STICSS Ltd, a company registered in England and Wales, company number 10199078.

12.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		278,813		328,449
Investments	4		100		100
			278,913		328,549
Current assets
Stocks		14,865		16,743
Debtors	5	886,220		1,021,099
Cash at bank and on hand		452,345		400,156
		1,353,430		1,437,998
Creditors amounts falling due within one year	6	(717,690)		(751,937)
Net current assets (liabilities)			635,740		686,061
Total assets less current liabilities			914,653		1,014,610
Provisions for liabilities	7		(68,020)		(79,587)
Net assets			846,633		935,023
Capital and reserves
Called up share capital			667		667
Share premium			24,933		24,933
Other reserves			400		400
Profit and loss account			820,633		909,023
Shareholders' funds			846,633		935,023