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Registration number: 10655868

The Wonder Experience Limited

Unaudited Financial Statements

for the Period from 1 August 2022 to 31 October 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

The Wonder Experience Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

The Wonder Experience Limited

Company Information

Director

A Berezovskiy

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

The Wonder Experience Limited

Statement of Financial Position as at 31 October 2023

Note

Period from 1 Aug 22 to 31 Oct 2023

Year ended 31 July 2022

Current assets

 

Debtors

4

273,647

194,273

Cash at bank and in hand

 

42

354

 

273,689

194,627

Creditors: Amounts falling due within one year

5

(236,854)

(192,094)

Net assets

 

36,835

2,533

Capital and reserves

 

Called up share capital

10

10

Retained earnings

36,825

2,523

Shareholders' funds

 

36,835

2,533

For the financial period ending 31 October 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 30 July 2024
 

.........................................

A Berezovskiy

Director

Company registration number: 10655868

 

The Wonder Experience Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the rental of technology products and software development.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company is not actively trading and the directors are uncertain of future events. On that basis the financial statements have been prepared on a basis other than going concern.

Revenue recognition

Turnover compromises the fair value of consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises turnover relating to hosting and maintenance services and the rental of technology products in the period in which the services are provided. Turnover relating to development projects is recognised according to the stage of completion of the project.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

The Wonder Experience Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 October 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the period, was 1 (2022 - 1).

4

Debtors

2023
£

2022
£

Trade debtors

-

1,007

Other debtors

273,647

193,266

273,647

194,273

 

The Wonder Experience Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 October 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

4,541

7,549

Taxation and social security

228,237

175,819

Accruals and deferred income

4,076

8,726

236,854

192,094

6

Transactions with directors

At 31 October 2023 an amount of £210,961 (2022: £169,259) was due from the director. During the year there were advances to the director of £62,183 and repayments of £25,737. Interest of £5,255 (2022: £3,740) is payable to the company at 2-2.25% per annum. There are no agreed terms.