Registered number
01803354
Wakeroy Limited
Filleted Accounts
30 November 2023
Wakeroy Limited
Registered number: 01803354
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 13,722 12,759
Creditors: amounts falling due within one year 4 (72,934) (76,700)
Net current liabilities (59,212) (63,941)
Total assets less current liabilities (59,212) (63,941)
Creditors: amounts falling due after more than one year 5 (10,000) (10,000)
Net liabilities (69,212) (73,941)
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (79,212) (83,941)
Shareholders' funds (69,212) (73,941)
Employee numbers 2023 2022
Number Number
Average number of employees 1 1
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D. A. Small
Director
Approved by the board on 12 August 2024
Wakeroy Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts have been prepared on a going concern basis which the director considers remains appropriate as he has taken action to secure profitability and undertaken to continue his financial support.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of travel and related services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 20% straight line
Fixtures, fittings and equipment 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leased Premises Additions Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 2,875 14,808 17,683
At 30 November 2023 2,875 14,808 17,683
Depreciation
At 1 December 2022 2,875 14,808 17,683
At 30 November 2023 2,875 14,808 17,683
Net book value
At 30 November 2023 - - -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director's account 60,392 63,971
Other creditors 12,542 12,729
72,934 76,700
5 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares 10,000 10,000
6 Other information
Wakeroy Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Sudley Terrace
High Street
Bognor Regis
West Sussex
PO21 1EY
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