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REGISTERED NUMBER: 07225081 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

W4Co Limited

W4Co Limited (Registered number: 07225081)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W4Co Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M A Imianowski
C A Strickland
T R Walker
S L T Walker





SECRETARY: M A Imianowski





REGISTERED OFFICE: The Old Brewery Business Centre
9-11 Lodway
Pill
Bristol
BS20 0DH





REGISTERED NUMBER: 07225081 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

W4Co Limited (Registered number: 07225081)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 187 208
Tangible assets 5 14,069 22,764
Investments 6 35,240 35,240
49,496 58,212

CURRENT ASSETS
Debtors 7 577,024 571,648
Cash at bank and in hand 54,847 61,347
631,871 632,995
CREDITORS
Amounts falling due within one year 8 609,037 608,295
NET CURRENT ASSETS 22,834 24,700
TOTAL ASSETS LESS CURRENT LIABILITIES 72,330 82,912

PROVISIONS FOR LIABILITIES 2,825 4,298
NET ASSETS 69,505 78,614

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,405 78,514
69,505 78,614

W4Co Limited (Registered number: 07225081)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 2 November 2023 and were signed on its behalf by:





S L T Walker - Director


W4Co Limited (Registered number: 07225081)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

W4Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year 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.


W4Co Limited (Registered number: 07225081)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Fixed asset investments
Other financial assets are stated in the balance sheet at cost, less any accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 208
AMORTISATION
Charge for year 21
At 31 March 2023 21
NET BOOK VALUE
At 31 March 2023 187
At 31 March 2022 208

W4Co Limited (Registered number: 07225081)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 17,586 34,108 9,334 61,028
Additions 2,975 - - 2,975
At 31 March 2023 20,561 34,108 9,334 64,003
DEPRECIATION
At 1 April 2022 10,996 19,774 7,494 38,264
Charge for year 3,260 6,822 1,588 11,670
At 31 March 2023 14,256 26,596 9,082 49,934
NET BOOK VALUE
At 31 March 2023 6,305 7,512 252 14,069
At 31 March 2022 6,590 14,334 1,840 22,764

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Other financial assets at cost
less impairment 35,240 35,240

During the year, other financial assets were acquired of £Nil (2022 - £6,135) and were impaired by £Nil (2022 - £Nil).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 480,916 471,624
Other debtors 96,108 100,024
577,024 571,648

W4Co Limited (Registered number: 07225081)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 111,154 120,858
Taxation and social security 29,026 26,381
Other creditors 468,857 461,056
609,037 608,295

9. RELATED PARTY DISCLOSURES

Key management


The loans from key management are interest free and repayable on demand.

31.3.23 31.3.22
£    £   
Amount due to related party at the balance sheet date 176,083 142,299

Other related parties


Within trade creditors are amounts owing to other related parties of £76,798 (2022 - £64,445).

31.3.23 31.3.22
£    £   
Amount due to related party at the balance sheet date 76,798 64,445

Other related parties


Within trade debtors are amounts owing from other related parties of £435,121 (2022 - £433,188).

31.3.23 31.3.22
£    £   
Amount due from related party at the balance sheet date 435,121 433,188