WMG Office Interiors Ltd Filleted accounts for Companies House (small and micro)
WMG Office Interiors Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05096151
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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-------- |
-------- |
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Current assets
Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
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--------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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--------- |
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Net assets |
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--------- |
--------- |
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Capital and reserves
Called up share capital |
7 |
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Profit and loss account |
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--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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
;
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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
.
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
11 March 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05096151
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Notes to the Abridged Financial Statements |
Year ended 30 June 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales with registration number
05096151
. The address of the registered office is 8/9 The Old Yard, Lodge Farm Business Centre, Castlethorpe, Milton Keynes, MK19 7ES.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
over 20 years
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Motor vehicles |
- |
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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.
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Intangible assets
£ |
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Cost |
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At 1 July 2020 and 30 June 2021 |
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Amortisation |
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At 1 July 2020 |
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Charge for the year |
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-------- |
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At 30 June 2021 |
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-------- |
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Carrying amount |
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At 30 June 2021 |
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At 30 June 2020 |
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-------- |
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6.
Tangible assets
£ |
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Cost |
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At 1 July 2020 |
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Additions |
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-------- |
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At 30 June 2021 |
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-------- |
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Depreciation |
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At 1 July 2020 |
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Charge for the year |
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-------- |
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At 30 June 2021 |
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-------- |
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Carrying amount |
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At 30 June 2021 |
11,185 |
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At 30 June 2020 |
14,217 |
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7.
Called up share capital
Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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8.
Related party transactions
The company was under the control of
Mr G West
, director and sole shareholder, throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.