Company Registration No. 12403325 (England and Wales)
Rest and Wild Ltd
Unaudited accounts
for the year ended 31 March 2023
Rest and Wild Ltd
Unaudited accounts
Contents
Rest and Wild Ltd
Company Information
for the year ended 31 March 2023
Company Number
12403325 (England and Wales)
Registered Office
116 St. Alphonsus Road
London
SW4 7BN
England
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Rest and Wild Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
461,164
216,479
Cash at bank and in hand
141,834
107,921
Creditors: amounts falling due within one year
(688,165)
(253,634)
Net current liabilities
(484,497)
(98,389)
Total assets less current liabilities
(23,333)
118,090
Creditors: amounts falling due after more than one year
(3,267)
(99,641)
Provisions for liabilities
Deferred tax
(4,988)
(5,961)
Net (liabilities)/assets
(31,588)
12,488
Called up share capital
2
2
Profit and loss account
(31,590)
12,486
Shareholders' funds
(31,588)
12,488
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2023 and were signed on its behalf by
James Roupell
Director
Company Registration No. 12403325
Rest and Wild Ltd
Notes to the Accounts
for the year ended 31 March 2023
Rest and Wild Ltd is a private company, limited by shares, registered in England and Wales, registration number 12403325. The registered office is 116 St. Alphonsus Road, London, SW4 7BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on cost
Plant & machinery
20% on cost
Fixtures & fittings
10% on cost / 20% on cost
Computer equipment
20% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rest and Wild Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
161,170
7,500
66,695
835
236,200
Additions
201,704
10,883
60,361
79
273,027
At 31 March 2023
362,874
18,383
127,056
914
509,227
At 1 April 2022
11,509
375
7,824
13
19,721
Charge for the year
13,444
2,407
12,318
173
28,342
At 31 March 2023
24,953
2,782
20,142
186
48,063
At 31 March 2023
337,921
15,601
106,914
728
461,164
At 31 March 2022
149,661
7,125
58,871
822
216,479
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
7,125
Amounts falling due within one year
Accrued income and prepayments
28,074
4,127
Other debtors
31,728
41,118
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,542
3,315
Trade creditors
61,731
22,122
Taxes and social security
2,455
1,484
Other creditors
105,687
48,826
Loans from directors
508,064
172,930
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,267
2,641
Rest and Wild Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
