WHARTON ELECTRONICS LIMITED

WHARTON ELECTRONICS LIMITED

WHARTON ELECTRONICS LIMITED - Company Information

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WHARTON ELECTRONICS LIMITED

Company Registration Number:
04221564 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

WHARTON ELECTRONICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

WHARTON ELECTRONICS LIMITED

Balance sheet

As at 30 June 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets: 3 349,000 50,000
Tangible assets: 4 30,000 41,000
Total fixed assets: 379,000 91,000
Current assets
Stocks: 43,675 43,675
Debtors:   143,987 67,120
Cash at bank and in hand: 1,192,733 1,115,789
Total current assets: 1,380,395 1,226,584
Creditors: amounts falling due within one year:   (1,231,702) (861,367)
Net current assets (liabilities): 148,693 365,217
Total assets less current liabilities: 527,693 456,217
Total net assets (liabilities): 527,693 456,217
Capital and reserves
Called up share capital: 130 130
Profit and loss account: 527,563 456,087
Shareholders funds: 527,693 456,217

The notes form part of these financial statements

WHARTON ELECTRONICS LIMITED

Balance sheet statements

For the year ending 30 June 2022 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 28 March 2023
and signed on behalf of the board by:

Name: E S Wharton
Status: Director

The notes form part of these financial statements

WHARTON ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WHARTON ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 15 15

WHARTON ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Intangible Assets

Total
Cost £
At 01 July 2021 100,000
Additions 360,000
At 30 June 2022 460,000
Amortisation
At 01 July 2021 50,000
Charge for year 61,000
At 30 June 2022 111,000
Net book value
At 30 June 2022 349,000
At 30 June 2021 50,000

WHARTON ELECTRONICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Tangible Assets

Total
Cost £
At 01 July 2021 82,305
At 30 June 2022 82,305
Depreciation
At 01 July 2021 41,305
Charge for year 11,000
At 30 June 2022 52,305
Net book value
At 30 June 2022 30,000
At 30 June 2021 41,000