Wilton and Flower Limited Filleted accounts for Companies House (small and micro)

WILTON AND FLOWER LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Wilton and Flower Limited have consented to the preparation of the abridged statement of financial position for the year ending 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 05503535

Wilton and Flower Limited

Filleted Unaudited Abridged Financial Statements

31 July 2019

Wilton and Flower Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of Wilton and Flower Limited

Year ended 31 July 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Wilton and Flower Limited for the year ended 31 July 2019, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Wilton and Flower Limited. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Wilton and Flower Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wilton and Flower Limited and its director for our work or for this report.

It is your duty to ensure that Wilton and Flower Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wilton and Flower Limited. You consider that Wilton and Flower Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Wilton and Flower Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

MOORE GREEN Chartered Accountants

22 Friars Street Sudbury Suffolk CO10 2AA

29 April 2020

Wilton and Flower Limited

Abridged Statement of Financial Position

31 July 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	4	4,073	–

Current assets

Stocks	50	–
Debtors	463	41
Cash at bank and in hand	436	366
	----	----
	949	407

Creditors: amounts falling due within one year	149,526	137,998
	---------	---------
Net current liabilities	148,577	137,591
	---------	---------
Total assets less current liabilities	( 144,504)	( 137,591)
	---------	---------
Net liabilities	( 144,504)	( 137,591)
	---------	---------

Capital and reserves

Called up share capital	18	18
Profit and loss account	( 144,522)	( 137,609)
	---------	---------
Shareholders deficit	( 144,504)	( 137,591)
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 July 2019 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 abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Wilton and Flower Limited

Abridged Statement of Financial Position (continued)

31 July 2019

These abridged financial statements were approved by the board of directors and authorised for issue on 24 April 2020 , and are signed on behalf of the board by:

Mr A Flower
Director

Company registration number: 05503535

Wilton and Flower Limited

Notes to the Abridged Financial Statements

Year ended 31 July 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Rectory, Church Road, Twinstead, Sudbury, Suffolk, CO10 7NA. On 14 November 2018 the company changed its name from Eastern Trailers Limited to Wilton and Flower Limited .

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the hiring out of equipment can be reliably estimated, revenue from the hiring out of equipment is measured by reference to the event to which they are hired out to arises.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Tangible assets

	£
Cost
At 1 August 2018	–
Additions	5,431
	-------
At 31 July 2019	5,431
	-------
Depreciation
At 1 August 2018	–
Charge for the year	1,358
	-------
At 31 July 2019	1,358
	-------
Carrying amount
At 31 July 2019	4,073
	-------
At 31 July 2018	–
	-------

5. Director's advances, credits and guarantees

There are no such transactions for the accounting period.

6. Going concern

The company is considered to be a going concern despite the negative balance sheet position because the only significant liability is to the director/shareholder who has agreed to give his continued support to the company.