Wilew Limited - Accounts to registrar (filleted) - small 18.2

Wilew Limited - Accounts to registrar (filleted) - small 18.2

WILEW LIMITED - Company Information

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REGISTERED NUMBER: 10870823 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2020

for

Wilew Limited
Wilew Limited (Registered number: 10870823)

Contents of the Financial Statements
for the Year Ended 30 September 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wilew Limited


Company Information
for the Year Ended 30 September 2020







DIRECTOR: C A Holdsworth





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 10870823 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS
Page 1
Wilew Limited (Registered number: 10870823)


Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260 337

CURRENT ASSETS
Stocks 48,500 37,621
Debtors 5 12,398 21,466
Cash at bank and in hand 23,556 1,385
84,454 60,472
CREDITORS
Amounts falling due within one year 6 52,812 57,587
NET CURRENT ASSETS 31,642 2,885
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,902
3,222

CREDITORS
Amounts falling due after more than one year 7 30,000 -
NET ASSETS 1,902 3,222

RESERVES
Retained earnings 1,902 3,222
1,902 3,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 June 2021 and were signed by:





C A Holdsworth - Director


The notes form part of these financial statements

Page 2
Wilew Limited (Registered number: 10870823)


Notes to the Financial Statements
for the Year Ended 30 September 2020


1. STATUTORY INFORMATION

Wilew Limited 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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
Wilew Limited (Registered number: 10870823)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2020


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2019
and 30 September 2020 352 116 468
DEPRECIATION
At 1 October 2019 102 29 131
Charge for year 38 39 77
At 30 September 2020 140 68 208
NET BOOK VALUE
At 30 September 2020 212 48 260
At 30 September 2019 250 87 337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors - 17,166
Directors' loan accounts 9,664 4,300
VAT 2,734 -
12,398 21,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts - 20,737
Trade creditors 28,385 32,732
Tax 847 1,742
VAT - 1,876
Other creditors 23,080 -
Accrued expenses 500 500
52,812 57,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.20 30.9.19
£    £   
Other creditors 30,000 -

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.

Page 4