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COMPANY REGISTRATION NUMBER: 07706016
Working Class Web Ltd
Filleted Unaudited Abridged Financial Statements
30 June 2023
Working Class Web Ltd
Abridged Financial Statements
Year ended 30 June 2023
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
2
Working Class Web Ltd
Abridged Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Debtors
22,044
25,994
Creditors: amounts falling due within one year
8,746
15,084
--------
--------
Net current assets
13,298
10,910
--------
--------
Total assets less current liabilities
13,298
10,910
--------
--------
Net assets
13,298
10,910
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
13,198
10,810
--------
--------
Shareholders funds
13,298
10,910
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
Mr T Bowden
Director
Company registration number: 07706016
Working Class Web Ltd
Notes to the Abridged Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40-44 Market Street, Ulverston, LA12 7LS.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Director's advances, credits and guarantees
The directors loan accounts remained in credit throughout the current and previous years.
5. Related party transactions
Included within other debtors is an amount due of £16,886 (2022: £25,800) from Guerilla Trading Limited (Co reg: 05838363). Mr T Bowden , director, is also a director of Guerilla Trading Limited.