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| Wolf International Ltd |
| Company Registration Number: 09465411 |
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| Notes |
| For the year ended 31 December 2024 |
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| 1. General Information |
Wolf International Ltd is a Private Limited Company, Limited By shares, registered in United Kingdom, registration number 09465411
Suite One
284 WARLEY HILL
BRENTWOOD
Essex
CM13 3AB
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| 2. Statement of Compliance |
FRS 102 - These financial statements have been prepared in compliance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. |
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| 3. Accounting policies |
| Basis of preparation |
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. |
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| Presentation currency |
The financial statements are prepared in sterling which is the functional currency of the company. |
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| | 2024 | 2023 |
| | £ | £ |
| 4. Employees |
| Wages and salaries | | 271,617 | 229,785 |
| Social security costs | | 24,341 | 20,180 |
| Pension costs | | 6,825 | 4,072 |
| Total staff costs | | 302,783 | 254,037 |
Average number of employees including directors during the period | | 9 | 8 |
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| 5. Inventories (Stock) |
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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.
Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in the income statement. |
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| | 2024 | |
| | £ | |
| 6. Intangible fixed assets |
| At 01 January 2024 | | 11,793 |
| At 31 December 2024 | | 11,793 |
| At 01 January 2024 | | 2,220 |
| Charge for year | | 1,914 |
| At 31 December 2024 | | 4,134 |
| At 31 December 2024 | | 7,659 |
| At 31 Dec 2023 | | 9,573 |
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| 7. Tangible fixed assets |
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| | 2024 | 2023 |
| | £ | £ |
| 8. Debtors |
| Trade debtors | | 93,797 | 75,779 |
| Other debtors | | 492,758 | 405,668 |
| Prepayments and accrued income | | 14,180 | 9,620 |
| Total | | 600,735 | 491,067 |
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| | 2024 | 2023 |
| | £ | £ |
| 9. Creditors - within one year |
| Bank loans and overdrafts | | 7,245 | 15,559 |
| Trade creditors | | 314,406 | 266,024 |
| Taxation and social security | | 107,579 | 49,510 |
| Accruals and deferred income | | 27,750 | 14,140 |
| Other creditors | | 25,882 | 25,245 |
| Total | | 482,862 | 370,478 |
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| | 2024 | 2023 |
| | £ | £ |
| 10. Creditors - More than one year |
| Other creditors | | 1,168,896 | 809,141 |
| Total | | 1,168,896 | 809,141 |
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| | 2024 | 2023 |
| | £ | £ |
| 11. Operating lease commitments |
| Between one and five years | | 9,025 | 11,275 |
| Total | | 9,025 | 11,275 |
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| Additional information |
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases. |
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| 12. Share capital |
| Item Description | Share class | 2024 | 2023 | Ordinary shares of £1 each | Ordinary | 950 | 950 | B Ordinary shares of £1 each | Ordinary | 64 | 64 | | Total: | | 1,014 | 1,014 | |
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| 13. Related party transactions |
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At the reporting date, £581,232 (2023 - £458,039) was due to C R Fox.
At the reporting date, £ 534,130 (2023 - £297,568) was due to K J Raval
At the reporting date, £53,534 (2023 - £53534) was due to C M Fox.
These balances are all interest free and repayable on demand.
At the reporting date, £2,157,947 (2023 - £2,375,420) was due to C R Fox & C Fox. Interest of £128,752 (2023 - £131,9320) accrued on this loan during the year. |
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