Willowbeck Ltd - Accounts to registrar (filleted) - small 18.2

Willowbeck Ltd - Accounts to registrar (filleted) - small 18.2

WILLOWBECK LTD - Company Information

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REGISTERED NUMBER: 08268053 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

WILLOWBECK LTD
WILLOWBECK LTD (REGISTERED NUMBER: 08268053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WILLOWBECK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2020







DIRECTOR: M Speakman





REGISTERED OFFICE: Willowbeck House
Knaith Hill
Knaith
Gainsborough
DN21 5PF





REGISTERED NUMBER: 08268053 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN
Page 1
WILLOWBECK LTD (REGISTERED NUMBER: 08268053)

ABRIDGED BALANCE SHEET
31 OCTOBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,080 1,199

CURRENT ASSETS
Debtors 39,984 5,495
Cash at bank 1,536 10,689
41,520 16,184
CREDITORS
Amounts falling due within one year 20,470 16,472
NET CURRENT ASSETS/(LIABILITIES) 21,050 (288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,130
911

PROVISIONS FOR LIABILITIES 205 228
NET ASSETS 21,925 683

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 21,915 673
SHAREHOLDERS' FUNDS 21,925 683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these financial statements

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WILLOWBECK LTD (REGISTERED NUMBER: 08268053)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2021 and were signed by:





M Speakman - Director


The notes form part of these financial statements

Page 3
WILLOWBECK LTD (REGISTERED NUMBER: 08268053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020

1. 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% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

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

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WILLOWBECK LTD (REGISTERED NUMBER: 08268053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2019 10,078
Additions 579
At 31 October 2020 10,657
DEPRECIATION
At 1 November 2019 8,879
Charge for year 698
At 31 October 2020 9,577
NET BOOK VALUE
At 31 October 2020 1,080
At 31 October 2019 1,199

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2020 and 31 October 2019:

2020 2019
£    £   
M Speakman
Balance outstanding at start of year - -
Amounts advanced 4,241 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,241 -

Directors Loan Account Balance was repaid within 9 months from the Year End.

Page 5