2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-13 Sage Accounts Production Advanced 2023 - FRS102_2023 1,089 1,089 133 133 956 2,486 2,486 2,486 xbrli:pure xbrli:shares iso4217:GBP 14353277 2022-09-13 2023-09-30 14353277 2023-09-30 14353277 2022-09-12 14353277 bus:Director2 2022-09-13 2023-09-30 14353277 core:WithinOneYear 2023-09-30 14353277 core:ShareCapital 2023-09-30 14353277 core:SharePremium 2023-09-30 14353277 core:OtherReservesSubtotal 2023-09-30 14353277 core:RetainedEarningsAccumulatedLosses 2023-09-30 14353277 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-09-30 14353277 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 14353277 core:Non-currentFinancialInstruments 2023-09-30 14353277 bus:SmallEntities 2022-09-13 2023-09-30 14353277 bus:AuditExemptWithAccountantsReport 2022-09-13 2023-09-30 14353277 bus:SmallCompaniesRegimeForAccounts 2022-09-13 2023-09-30 14353277 bus:PrivateLimitedCompanyLtd 2022-09-13 2023-09-30 14353277 bus:FullAccounts 2022-09-13 2023-09-30 14353277 core:OfficeEquipment 2022-09-13 2023-09-30 14353277 core:OfficeEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 14353277
Withflare Ltd
Filleted Unaudited Financial Statements
30 September 2023
Withflare Ltd
Financial Statements
Period from 13 September 2022 to 30 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Withflare Ltd
Statement of Financial Position
30 September 2023
30 Sep 23
Note
£
Fixed assets
Tangible assets
5
956
Investments
6
2,486
-------
3,442
Current assets
Cash at bank and in hand
36,891
Creditors: amounts falling due within one year
7
4,070
--------
Net current assets
32,821
--------
Total assets less current liabilities
36,263
--------
Net assets
36,263
--------
Capital and reserves
Called up share capital
113
Share premium account
201,910
Other reserves
( 366)
Profit and loss account
( 165,394)
---------
Shareholders funds
36,263
---------
These 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 statement of comprehensive income has not been delivered.
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Withflare Ltd
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
Mr J Ryder
Director
Company registration number: 14353277
Withflare Ltd
Notes to the Financial Statements
Period from 13 September 2022 to 30 September 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Tangible assets
Equipment
£
Cost
At 13 September 2022
Additions
1,089
-------
At 30 September 2023
1,089
-------
Depreciation
At 13 September 2022
Charge for the period
133
-------
At 30 September 2023
133
-------
Carrying amount
At 30 September 2023
956
-------
6. Investments
Other investments other than loans
£
Cost
At 13 September 2022
Additions
2,486
-------
At 30 September 2023
2,486
-------
Impairment
At 13 September 2022 and 30 September 2023
-------
Carrying amount
At 30 September 2023
2,486
-------
7. Creditors: amounts falling due within one year
30 Sep 23
£
Trade creditors
6,264
Other creditors
( 2,194)
-------
4,070
-------
8. Related party transactions
At the period end the company owed £6 to a director.