Company Registration No. 11490908 (England and Wales)
Wild and Stone Limited
Unaudited accounts
for the year ended 31 July 2023
Wild and Stone Limited
Unaudited accounts
Contents
Wild and Stone Limited
Company Information
for the year ended 31 July 2023
Directors
Mr Andrew Dowley
Mrs Sarah E Dowley
Mrs Kathryn J Jonas
Mr Warren L Jonas
Company Number
11490908 (England and Wales)
Registered Office
167 - 169 GREAT PORTLAND STREET
5TH FLOOR
LONDON
W1W 5PF
ENGLAND
Accountants
Hybrid Premium LTD
110 Newbury Gardens
Stoneleigh
Epsom
Surrey
KT19 0PD
Wild and Stone Limited
Statement of financial position
as at 31 July 2023
Inventories
104,026
75,504
Cash at bank and in hand
44,120
56,833
Creditors: amounts falling due within one year
(114,304)
(111,456)
Net current assets
84,910
65,493
Total assets less current liabilities
84,910
66,322
Creditors: amounts falling due after more than one year
(35,860)
(37,923)
Called up share capital
1,123
1,123
Share premium
263,823
263,823
Profit and loss account
(215,896)
(236,547)
Shareholders' funds
49,050
28,399
For the year ending 31 July 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 7 December 2023 and were signed on its behalf by
Mr Andrew Dowley
Director
Company Registration No. 11490908
Wild and Stone Limited
Notes to the Accounts
for the year ended 31 July 2023
Wild and Stone Limited is a private company, limited by shares, registered in England and Wales, registration number 11490908. The registered office is 167 - 169 GREAT PORTLAND STREET, 5TH FLOOR, LONDON, W1W 5PF, 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.
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
2 years straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Wild and Stone Limited
Notes to the Accounts
for the year ended 31 July 2023
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
10,665
12,703
Accrued income and prepayments
1,739
1,815
Other debtors
38,664
30,094
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,374
5,576
Trade creditors
12,810
13,568
Taxes and social security
245
(7,926)
Other creditors
13,261
9,535
Loans from directors
68,148
72,803
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Creditors: amounts falling due after more than one year
2023
2022
The company received a £50,000 (2020) Bounce back loan scheme, a loan term 72 months at an interest rate per annum of 2.5% (fixed). Balance at Year-end £39,679.47 (2023) £43,498.38 (2022). The company has not used any of the funds to date.
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Average number of employees
During the year the average number of employees was 5 (2022: 5).