Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-12-01falsetrue11true 09862577 2021-12-01 2022-11-30 09862577 2020-12-01 2021-11-30 09862577 2022-11-30 09862577 2021-11-30 09862577 c:Director1 2021-12-01 2022-11-30 09862577 d:ComputerEquipment 2021-12-01 2022-11-30 09862577 d:ComputerEquipment 2022-11-30 09862577 d:ComputerEquipment 2021-11-30 09862577 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 09862577 d:CurrentFinancialInstruments 2022-11-30 09862577 d:CurrentFinancialInstruments 2021-11-30 09862577 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09862577 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09862577 d:ShareCapital 2022-11-30 09862577 d:ShareCapital 2021-11-30 09862577 d:RetainedEarningsAccumulatedLosses 2022-11-30 09862577 d:RetainedEarningsAccumulatedLosses 2021-11-30 09862577 c:FRS102 2021-12-01 2022-11-30 09862577 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 09862577 c:FullAccounts 2021-12-01 2022-11-30 09862577 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 09862577









WONDERFUL PROJECTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
WONDERFUL PROJECTS LTD
REGISTERED NUMBER: 09862577

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
£
£

Fixed assets
  

Tangible assets
 4 
666
916

  
666
916

Current assets
  

Cash at bank and in hand
 5 
1,573
2,181

  
1,573
2,181

Creditors: amounts falling due within one year
 6 
(186,092)
(166,743)

Net current liabilities
  
 
 
(184,519)
 
 
(164,562)

Total assets less current liabilities
  
(183,853)
(163,646)

  

Net liabilities
  
(183,853)
(163,646)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(183,953)
(163,746)

  
(183,853)
(163,646)


Page 1

 
WONDERFUL PROJECTS LTD
REGISTERED NUMBER: 09862577
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


V Branson
Director

Date: 21 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WONDERFUL PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Wonderful Projects Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish street, 1st Floor South,London,United Kingdom W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months.
As at 30 November 2022, the company had net liabilities of £183,853. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WONDERFUL PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
WONDERFUL PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 December 2021
999



At 30 November 2022

999



Depreciation


At 1 December 2021
83


Charge for the year on owned assets
250



At 30 November 2022

333



Net book value



At 30 November 2022
666



At 30 November 2021
916


5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
1,573
2,181

1,573
2,181



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
183,092
163,743

Accruals and deferred income
3,000
3,000

186,092
166,743


 
Page 5