Wombat Cricket Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Wombat Cricket Limited

(Registration number: 09563754)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	225	275
Tangible assets	5	3,253	2,823
		3,478	3,098
Current assets
Stocks		1,000	1,800
Debtors	6	10,049	16,375
Cash at bank and in hand		2,813	13,135
		13,862	31,310
Creditors: Amounts falling due within one year	7	(14,965)	(104,309)
Net current liabilities		(1,103)	(72,999)
Total assets less current liabilities		2,375	(69,901)
Creditors: Amounts falling due after more than one year	7	(780)	(2,237)
Provisions for liabilities		(813)	-
Net assets/(liabilities)		782	(72,138)
Capital and reserves
Called up share capital		1	1
Profit and loss account		781	(72,139)
Shareholders' funds/(deficit)		782	(72,138)

Wombat Cricket Limited

(Registration number: 09563754)
Statement of Financial Position as at 31 October 2025 (continued)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 22 July 2026
 

Mr H Solomon Director

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Willow Court
Endsleigh
Ivybridge
Devon
PL21 9JL

Principal activity

The principal activity of the company is that of manufacturing cricket bats.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Disclosure of long or short period

The prior period was extended by 6 months to an 18 month period as a result of the death of a Director. The figures are therefore not entirely comparable with the current period of 12 months.

Going concern

The financial statements have been prepared on a going concern basis.The directors are of the opinion the company is a going concern with their continued support.

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Vehicles	20% reducing balance

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Computer equipment

20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks, patents and licences	8 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 November 2024	400	400
At 31 October 2025	400	400
Amortisation
At 1 November 2024	125	125
Amortisation charge	50	50
At 31 October 2025	175	175
Carrying amount
At 31 October 2025	225	225
At 31 October 2024	275	275

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	6,850	1,531	2,000	10,381
Additions	-	1,243	-	1,243
At 31 October 2025	6,850	2,774	2,000	11,624
Depreciation
At 1 November 2024	5,131	662	1,765	7,558
Charge for the year	344	422	47	813
At 31 October 2025	5,475	1,084	1,812	8,371
Carrying amount
At 31 October 2025	1,375	1,690	188	3,253
At 31 October 2024	1,719	869	235	2,823

6

Debtors

	2025 £	2024 £
Trade debtors	2,671	1,978
Amounts owed by related parties	4,597	14,397
Other debtors	861	-
Prepayments	1,920	-
	10,049	16,375

Wombat Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Loans and borrowings	1,667	2,042
Trade creditors	1,500	3,420
Taxation and social security	931	-
Accruals and deferred income	2,400	82,740
Other creditors	8,467	16,107
	14,965	104,309

Loans and borrowings of £1,667 (2025: £2,042) are secured by government guarantee.

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Loans and borrowings	780	2,237

Loans and borrowings of £780(2025: £2,237) are secured by government guarantee.

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Related party transactions

Summary of transactions with associates

As at the end of the period, the company was owed £4,597 (2024: £14,397) from an associated company.
The amounts owed by associated companies are repayable on demand and are interest free.

10	Non adjusting events after the financial period

Included in other creditors is a balance of £8,467 which has been waived post year end date and is not repayable by Wombat Willow Limited. This will increase reserves by £8,467 in the year ended 31 October 2026.