WBD Accountants Limited - Accounts to registrar (filleted) - small 23.2.5

WBD Accountants Limited - Accounts to registrar (filleted) - small 23.2.5

WBD ACCOUNTANTS LIMITED - Company Information

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REGISTERED NUMBER: 05746975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

WBD ACCOUNTANTS LIMITED
WBD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05746975)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2022 to 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WBD ACCOUNTANTS LIMITED

COMPANY INFORMATION
for the Period 1 April 2022 to 30 March 2023







DIRECTORS: K G Wood
P W Dickinson





SECRETARY: K G Wood





REGISTERED OFFICE: Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF





REGISTERED NUMBER: 05746975 (England and Wales)





Page 1
WBD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05746975)

BALANCE SHEET
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,500 112,500
Tangible assets 5 4,778 9,719
87,278 122,219

CURRENT ASSETS
Debtors 6 477,580 546,817
Cash at bank 33,753 65,130
511,333 611,947
CREDITORS
Amounts falling due within one year 7 335,203 262,438
NET CURRENT ASSETS 176,130 349,509
TOTAL ASSETS LESS CURRENT
LIABILITIES
263,408
471,728

CREDITORS
Amounts falling due after more than one year 8 (205,728 ) (308,592 )

PROVISIONS FOR LIABILITIES (908 ) (1,847 )
NET ASSETS 56,772 161,289

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 56,682 161,199
SHAREHOLDERS' FUNDS 56,772 161,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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

Page 2 continued...
WBD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05746975)

BALANCE SHEET - continued
30 March 2023


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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:




K G Wood - Director



P W Dickinson - Director


The notes form part of these financial statements

Page 3
WBD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05746975)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2022 to 30 March 2023

1. STATUTORY INFORMATION

WBD Accountants 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, and after a review in 2018, is being amortised evenly over its estimated remaining useful life of seven years and nine months.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 period 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 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 period 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.

Page 4 continued...
WBD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05746975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2022 to 30 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 30 March 2023 600,000
AMORTISATION
At 1 April 2022 487,500
Charge for period 30,000
At 30 March 2023 517,500
NET BOOK VALUE
At 30 March 2023 82,500
At 31 March 2022 112,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 69,360
Additions 388
At 30 March 2023 69,748
DEPRECIATION
At 1 April 2022 59,641
Charge for period 5,329
At 30 March 2023 64,970
NET BOOK VALUE
At 30 March 2023 4,778
At 31 March 2022 9,719

Page 5 continued...
WBD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05746975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2022 to 30 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 263,813 262,008
Other debtors 213,767 284,809
477,580 546,817

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,756 70,038
Taxation and social security 95,463 128,469
Other creditors 171,984 63,931
335,203 262,438

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 205,728 308,592

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Directors' loans 370,783 371,107

Directors' loans to the company are secured by means of debentures over the company's assets.

Page 6