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Registered number: 09190040
Ware Washing Technologies Limited
Financial Statements
For The Year Ended 31 August 2023
Hill Wooldridge Accountants Ltd
Chartered Certified Accountants
55 Crown Street
Brentwood
Essex
CM14 4BD
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09190040
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,179 1,531
1,179 1,531
CURRENT ASSETS
Debtors 5 12,477 6,612
Cash at bank and in hand 11,009 12,757
23,486 19,369
Creditors: Amounts Falling Due Within One Year 6 (20,289 ) (15,009 )
NET CURRENT ASSETS (LIABILITIES) 3,197 4,360
TOTAL ASSETS LESS CURRENT LIABILITIES 4,376 5,891
Creditors: Amounts Falling Due After More Than One Year 7 (3,500 ) (5,500 )
NET ASSETS 876 391
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 875 390
SHAREHOLDERS' FUNDS 876 391
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 29 August 2024 and were signed on its behalf by:
Mr Ricardo Spiers
Director
29th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ware Washing Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09190040 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% of net book value per year
Motor Vehicles 33% of net book value per year
Computer Equipment 33% of cost per year
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2022 2,000 15,834 567 18,401
Additions - - 333 333
As at 31 August 2023 2,000 15,834 900 18,734
Depreciation
As at 1 September 2022 1,737 14,944 189 16,870
Provided during the period 88 297 300 685
As at 31 August 2023 1,825 15,241 489 17,555
Net Book Value
As at 31 August 2023 175 593 411 1,179
As at 1 September 2022 263 890 378 1,531
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,167 1,453
Prepayments and accrued income 372 -
Director's loan account 9,938 5,159
12,477 6,612
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 2,000 2,000
Corporation tax 14,201 10,218
VAT 3,095 1,963
Accruals and deferred income 993 828
20,289 15,009
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 3,500 5,500
3,500 5,500
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Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr Ricardo Spiers 5,159 9,938 5,159 - 9,938
The above loan is unsecured, interest free and repayable on demand.
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