WALDERSMITH MANUFACTURING COMPANY LIMITED

WALDERSMITH MANUFACTURING COMPANY LIMITED

WALDERSMITH MANUFACTURING COMPANY LIMITED - Company Information

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WALDERSMITH MANUFACTURING COMPANY LIMITED

Company Registration Number:
12857419 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2021

Period of accounts

Start date: 04 September 2020

End date: 30 September 2021

WALDERSMITH MANUFACTURING COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2021

Balance sheet
Notes

WALDERSMITH MANUFACTURING COMPANY LIMITED

Balance sheet

As at 30 September 2021


Notes
13 months to 30 September 2021


£
Current assets
Stocks: 464,155
Debtors:   154,154
Cash at bank and in hand: 24,431
Total current assets: 642,740
Creditors: amounts falling due within one year:   (198,386)
Net current assets (liabilities): 444,354
Total assets less current liabilities: 444,354
Total net assets (liabilities): 444,354
Capital and reserves
Called up share capital: 62
Share premium account: 497,988
Profit and loss account: (53,696)
Shareholders funds: 444,354

The notes form part of these financial statements

WALDERSMITH MANUFACTURING COMPANY LIMITED

Balance sheet statements

For the year ending 30 September 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2022
and signed on behalf of the board by:

Name: Alexander Walder-Smith
Status: Director

The notes form part of these financial statements

WALDERSMITH MANUFACTURING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Improvements to property 10% straight linePlant, vehicles and equipment 25% on reducing balance and at variable ratesThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

WALDERSMITH MANUFACTURING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2021

2. Employees

13 months to 30 September 2021
Average number of employees during the period 5