Willis Wakefield Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04454831 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Willis Wakefield Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D W Thorne

Mr M W Andrews

Mr P C Hyde

REGISTERED OFFICE:

107 North Street

Martock

Somerset

TA12 6EJ

REGISTERED NUMBER:

04454831 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Tangible assets

4

356

474

356

474

CURRENT ASSETS

Stocks

36,212

36,212

Debtors

5

130

206

Cash at bank and in hand

269

203

36,611

36,621

CREDITORS

Amounts falling due within one year

6

36,603

34,961

NET CURRENT ASSETS

8

1,660

TOTAL ASSETS LESS CURRENT LIABILITIES

364

2,134

CAPITAL AND RESERVES

Called up share capital

7

20

20

Retained earnings

8

344

2,114

SHAREHOLDERS' FUNDS

364

2,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2020 and were signed on its behalf by:

Mr D W Thorne - Director

1.	STATUTORY INFORMATION

Willis Wakefield Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

and 30 September 2019

2,487

DEPRECIATION

At 1 October 2018

2,013

Charge for year

118

At 30 September 2019

2,131

NET BOOK VALUE

At 30 September 2019

356

At 30 September 2018

474

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Other debtors

10

10

VAT

120

196

130

206

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Directors' current accounts

36,092

34,442

Accrued expenses

511

519

36,603

34,961

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

16

Ordinary A

£1

16

16

4

Ordinary B

£1

4

4

20

20

8.

RESERVES

Retained

earnings

£

At 1 October 2018

2,114

Deficit for the year

(1,770

)

At 30 September 2019

344

9.	RELATED PARTY DISCLOSURES

TRANSACTIONS WITH DIRECTORS

The company operates a current account with the directors and the activity during the period was as follows:

30.9.19

30.9.18

Mr D W Thorne

£

£

Amount owed to director at end of period

20,781

19,131

Amount owed to director at start of period

19,131

18,431

30.9.19

30.9.18

Mr P C Hyde

£

£

Amount owed to director at end of period

15,311

15,311

Amount owed to director at start of period

15,311

15,311

The amount owed by the directors is repayable on demand.

The company is controlled jointly by the directors.