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Registered number: 10969057

Wu Academy Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

Wu Academy Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
DIRECTORS
Shikui Wu
Mrs Yue Qiu
REGISTERED OFFICE
90 Ham Drive
Plymouth
PL2 2NW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10969057
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

Wu Academy Ltd

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Wu Academy Ltd

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Tangible assets38,0507,865
CURRENT ASSETS
Stock1,8321,350
Debtors55,5045,504
Cash at bank and in hand5,4413,045
12,7779,899
CREDITORS: Amounts falling due within one year64,3864,912
NET CURRENT ASSETS8,3914,987
TOTAL ASSETS LESS CURRENT LIABILITIES16,44112,852
CREDITORS: Amounts falling due after more than one year78,84711,776
PROVISIONS FOR LIABILITIES AND CHARGES8800615
NET ASSETS6,794461
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account6,694361
SHAREHOLDERS' FUNDS6,794461
For the year ending 30/09/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/11/2023 and signed on their behalf by
.............................
Shikui Wu
Director

Wu Academy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 20%
Equipmentstraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/10/202214,40712,41226,819
Additions-6,5446,544
At 30/09/202314,40718,95633,363
Depreciation
At 01/10/202211,3797,57518,954
For the year3,0283,3316,359
At 30/09/202314,40710,90625,313
Net Book Amounts
At 30/09/2023-8,0508,050
At 30/09/20223,0284,8377,865

Wu Academy Ltd

4. STOCK 20232022
££
Stock comprises:
Stock1,8321,350
1,8321,350
5. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors2,4002,400
Prepayments3,1043,104
5,5045,504
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,7903,316
Bank Loan1,5961,596
4,3864,912
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr8,84711,776
8,84711,776
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation800615
800615
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100

Wu Academy Ltd

10. OTHER FINANCIAL COMMITMENTS
At 30/09/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within one year12,00015,600
Within two to five years18,000-