Registration number:
The Wonder Experience Limited
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The Wonder Experience Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
The Wonder Experience Limited
Company Information
Director |
A Berezovskiy |
Registered office |
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Accountants |
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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 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
10 |
10 |
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Retained earnings |
36,825 |
2,523 |
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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:
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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
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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
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of the rental of technology products and software development.
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
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.
Staff numbers |
The average number of persons employed by the company during the period, was
Debtors |
2023 |
2022 |
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Trade debtors |
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Other debtors |
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The Wonder Experience Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 October 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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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.