Company No:
Contents
Note | 2021 | 2020 | ||
£ | £ | |||
Restated - note 2 | ||||
Current assets | ||||
Debtors | 3 |
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1 | 1 | |||
Net current assets | 1 | 1 | ||
Total assets less current liabilities | 1 | 1 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Woolfit Limited (registered number:
Michel Roger Maurer
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Woolfit Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 10 Chancerygate Trade Centre, Holyrood Close, Poole, BH17 7AE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
In the previous year the share capital was incorrectly stated as £100 this has now been corrected to £1.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
In the previous year the share capital was incorrectly stated as £100 this has now been corrected to £1.
As previously reported | Adjustment | As restated | ||||
Year ended 31 December 2020 | £ | £ | £ | |||
Share Capital | 100 | (99) | 1 |
2021 | 2020 | ||
£ | £ | ||
Other debtors |
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