Registered number
11687838
WYS Creation Limited
Filleted Accounts
30 November 2022
WYS Creation Limited
Registered number: 11687838
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 78,209 251,481
Current assets
Debtors 4 83 -
Cash at bank and in hand 27,495 6,640
27,578 6,640
Creditors: amounts falling due within one year 5 (101,498) (287,927)
Net current liabilities (73,920) (281,287)
Net assets/(liabilities) 4,289 (29,806)
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,189 (29,906)
Shareholders' funds 4,289 (29,806)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Fun Tim Cheuk
Director
Approved by the board on 29 November 2023
WYS Creation Limited
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2021 247,385 8,000 255,385
Disposals (169,176) (8,000) (177,176)
At 30 November 2022 78,209 - 78,209
Depreciation
At 1 December 2021 - 3,904 3,904
On disposals - (3,904) (3,904)
At 30 November 2022 - - -
Net book value
At 30 November 2022 78,209 - 78,209
At 30 November 2021 247,385 4,096 251,481
4 Debtors 2022 2021
£ £
Other debtors 83 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 756 -
Other creditors 100,742 287,927
101,498 287,927
6 Other information
WYS Creation Limited is a private company limited by shares and incorporated in England. Its registered office is:
Twelve Quays House
Egerton Wharf
Wirral
UK
CH41 1LD
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