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Company Registration No. 09686289 (England and Wales)
Waypoint Global Limited Unaudited accounts for the year ended 31 July 2023
Waypoint Global Limited Unaudited accounts Contents
Page
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Waypoint Global Limited Company Information for the year ended 31 July 2023
Directors
Deborah Morris Dominic Morris Alex D Morris
Company Number
09686289 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ United Kingdom
Accountants
Hybrid Premium LTD 110 Newbury Gardens Stoneleigh Epsom Surrey KT19 0PD
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Waypoint Global Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,775 
3,758 
Current assets
Debtors
6,488,846 
4,866,516 
Cash at bank and in hand
1,256,281 
874,662 
7,745,127 
5,741,178 
Creditors: amounts falling due within one year
(3,597,906)
(2,532,191)
Net current assets
4,147,221 
3,208,987 
Net assets
4,156,996 
3,212,745 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
4,156,986 
3,212,735 
Shareholders' funds
4,156,996 
3,212,745 
For the year ending 31 July 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 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 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 of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Deborah Morris Director Company Registration No. 09686289
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Waypoint Global Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Waypoint Global Limited is a private company, limited by shares, registered in England and Wales, registration number 09686289. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
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.
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Waypoint Global Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2022
8,129 
Additions
9,779 
At 31 July 2023
17,908 
Depreciation
At 1 August 2022
4,371 
Charge for the year
3,762 
At 31 July 2023
8,133 
Net book value
At 31 July 2023
9,775 
At 31 July 2022
3,758 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,767 
7,758 
Trade debtors
1,802,591 
2,039,642 
Accrued income and prepayments
975,136 
291,113 
Other debtors
- 
9,084 
2,785,494 
2,347,597 
Amounts falling due after more than one year
Other debtors
3,703,352 
2,518,919 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,623,064 
1,382,999 
Trade creditors
412,718 
742,284 
Taxes and social security
452,579 
343,296 
Loans from directors
429,969 
63,612 
Accruals
679,576 
- 
3,597,906 
2,532,191 
Bank loans and overdrafts £1,544,396 (2023), and £1,306,150 (2022) were owed to an invoicing factoring facility, HSBC net. The amount will be repaid only from the proceeds generated by the specific item it finances and there is no possibility of a claim being established for any other assets of the entity.
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Waypoint Global Limited Notes to the Accounts for the year ended 31 July 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
- Ordinary Shares of £0.10 each
- 
10 
10,000 Ordinary Shares of £0.001 each
10 
- 
10 
10 
Shares issued during the period:
10,000 Ordinary Shares of £0.001 each
10 
8
Transactions with related parties
On 25th July 2023, the Company extended an unsecured loan to ASSG Properties Ltd amounting to £4,414,453.10. As of the reporting date, £3,703,351.99 had been drawn down from this facility. The loan, which has a term of 25 years, attracts an annual interest rate of 2.25%. ASSG Properties Ltd is wholly controlled and owned by Mr. and Mrs. D Morris.
9
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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