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Company Registration No. 12174451 (England and Wales)
Wearfield Ltd Unaudited accounts for the year ended 31 August 2025
Wearfield Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wearfield Ltd Company Information for the year ended 31 August 2025
Director
Adam Christie Sneddon
Company Number
12174451 (England and Wales)
Registered Office
Sneddons 30 Villiers Street City Centre Sunderland SR1 1EJ England
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Wearfield Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
289
338
Tangible assets
5
38
56
327
394
Current assets
Cash at bank and in hand
86
129
Creditors: amounts falling due within one year
6
(3,273)
(2,736)
Net current liabilities
(3,187)
(2,607)
Net liabilities
(2,860)
(2,213)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(2,861)
(2,214)
Shareholders' funds
(2,860)
(2,213)
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2026 and were signed on its behalf by
Adam Christie Sneddon Director Company Registration No. 12174451
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Wearfield Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Wearfield Ltd is a private company, limited by shares, registered in England and Wales, registration number 12174451. The registered office is Sneddons 30 Villiers Street, City Centre, Sunderland, SR1 1EJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% reducing balance method
Intangible fixed assets
Intangible fixed assets (including trademark) are included at cost less accumulated amortisation. Trademark 10% straight line method
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Wearfield Ltd Notes to the Accounts for the year ended 31 August 2025
4
Intangible fixed assets
Other
£
Cost
At 1 September 2024
490
At 31 August 2025
490
Amortisation
At 1 September 2024
152
Charge for the year
49
At 31 August 2025
201
Net book value
At 31 August 2025
289
At 31 August 2024
338
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 September 2024
277
At 31 August 2025
277
Depreciation
At 1 September 2024
221
Charge for the year
18
At 31 August 2025
239
Net book value
At 31 August 2025
38
At 31 August 2024
56
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
401
401
Loans from directors
1,559
1,260
Accruals
1,313
1,075
3,273
2,736
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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