0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,298 6,271 7 6,278 20 27 xbrli:pure xbrli:shares iso4217:GBP 04888810 2022-10-01 2023-09-30 04888810 2023-09-30 04888810 2022-09-30 04888810 2021-10-01 2022-09-30 04888810 2022-09-30 04888810 2021-09-30 04888810 core:PlantMachinery 2022-10-01 2023-09-30 04888810 bus:Director4 2022-10-01 2023-09-30 04888810 bus:Director2 2022-10-01 2023-09-30 04888810 bus:Director3 2022-10-01 2023-09-30 04888810 core:WithinOneYear 2023-09-30 04888810 core:WithinOneYear 2022-09-30 04888810 core:PlantMachinery 2022-09-30 04888810 core:PlantMachinery 2023-09-30 04888810 core:ShareCapital 2023-09-30 04888810 core:ShareCapital 2022-09-30 04888810 core:RetainedEarningsAccumulatedLosses 2023-09-30 04888810 core:RetainedEarningsAccumulatedLosses 2022-09-30 04888810 core:PlantMachinery 2022-09-30 04888810 bus:Director2 2022-09-30 04888810 bus:Director2 2023-09-30 04888810 bus:Director3 2022-09-30 04888810 bus:Director3 2023-09-30 04888810 bus:Director4 2022-09-30 04888810 bus:Director4 2023-09-30 04888810 bus:Director2 2021-09-30 04888810 bus:Director2 2022-09-30 04888810 bus:Director3 2021-09-30 04888810 bus:Director3 2022-09-30 04888810 bus:Director4 2021-09-30 04888810 bus:Director4 2022-09-30 04888810 bus:Director2 2021-10-01 2022-09-30 04888810 bus:Director4 2021-10-01 2022-09-30 04888810 bus:SmallEntities 2022-10-01 2023-09-30 04888810 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04888810 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 04888810 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04888810 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 04888810
WANNASURF.COM LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
WANNASURF.COM LTD
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
20
27
Current assets
Debtors
5
12,870
10,019
Cash at bank and in hand
1,207
---------
---------
12,870
11,226
Creditors: amounts falling due within one year
6
28,075
23,828
---------
---------
Net current liabilities
15,205
12,602
---------
---------
Total assets less current liabilities
( 15,185)
( 12,575)
---------
---------
Net liabilities
( 15,185)
( 12,575)
---------
---------
Capital and reserves
Called up share capital
6
6
Profit and loss account
( 15,191)
( 12,581)
---------
---------
Shareholders deficit
( 15,185)
( 12,575)
---------
---------
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 income and retained earnings has not been delivered.
For the year 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 year 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 .
WANNASURF.COM LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
R Norris
Director
Company registration number: 04888810
WANNASURF.COM LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 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 Spring Cottage, Trotton, Petersfield, Hants, GU31 5ER.
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 financial statements have been prepared on a going concern basis as the directors have undertaken to ensure that the company has sufficient financial resources available to meet its liabilities as and when they fall due for the foreseeable future.
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's directors. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
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.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery
-
25% reducing balance
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 October 2022 and 30 September 2023
6,298
6,298
-------
-------
Depreciation
At 1 October 2022
6,271
6,271
Charge for the year
7
7
-------
-------
At 30 September 2023
6,278
6,278
-------
-------
Carrying amount
At 30 September 2023
20
20
-------
-------
At 30 September 2022
27
27
-------
-------
5. Debtors
2023
2022
£
£
Other debtors
12,870
10,019
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,656
2,445
Director loan accounts
25,275
20,240
Other creditors
1,144
1,143
---------
---------
28,075
23,828
---------
---------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
C Naslain
( 49)
( 4,634)
( 4,683)
D Norris
( 7,258)
( 7,258)
R Norris
( 12,933)
( 402)
( 13,335)
---------
-------
---------
( 20,240)
( 5,036)
( 25,276)
---------
-------
---------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
C Naslain
( 1,734)
1,685
( 49)
D Norris
( 7,258)
( 7,258)
R Norris
( 58,617)
45,684
( 12,933)
---------
---------
---------
( 67,609)
47,369
( 20,240)
---------
---------
---------
8. Related party transactions
There was no ultimate controlling party during the year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.