Woolley Pritchard & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07774224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

WOOLLEY PRITCHARD & CO LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Chitty

REGISTERED OFFICE:

119 Nether Hall Avenue

Great Barr

Birmingham

West Midlands

B43 7EU

REGISTERED NUMBER:

07774224 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

77

197

CURRENT ASSETS

Stocks

-

3,500

Debtors

5

12,805

17,873

Prepayments and accrued income

24,605

50,248

Cash at bank and in hand

5,810

202

43,220

71,823

CREDITORS

Amounts falling due within one year

6

920

945

NET CURRENT ASSETS

42,300

70,878

TOTAL ASSETS LESS CURRENT LIABILITIES

42,377

71,075

CREDITORS

Amounts falling due after more than one year

7

-

15,770

NET ASSETS

42,377

55,305

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,277

55,205

SHAREHOLDERS' FUNDS

42,377

55,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 16 June 2022 and were signed by:

D Chitty - Director

1.	STATUTORY INFORMATION

Woolley Pritchard & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33.3% on cost and 10% on cost

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

10,084

8,500

18,584

DEPRECIATION

At 1 April 2021

9,888

8,499

18,387

Charge for year

120

-

120

At 31 March 2022

10,008

8,499

18,507

NET BOOK VALUE

At 31 March 2022

76

1

77

At 31 March 2021

196

1

197

5.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

8,768

800

Other debtors

307

17,073

9,075

17,873

Amounts falling due after more than one year:

Other debtors

3,730

-

Aggregate amounts

12,805

17,873

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

-

25

Other creditors

920

920

920

945

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

-

15,770