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01/12/2022
30/11/2023
2023-11-30
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No description of principal activities is disclosed
2022-12-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
08288653
2022-12-01
2023-11-30
08288653
2023-11-30
08288653
2022-11-30
08288653
2021-12-01
2022-11-30
08288653
2022-11-30
08288653
2021-11-30
08288653
bus:Director1
2022-12-01
2023-11-30
08288653
core:WithinOneYear
2023-11-30
08288653
core:WithinOneYear
2022-11-30
08288653
core:AfterOneYear
2023-11-30
08288653
core:AfterOneYear
2022-11-30
08288653
core:ShareCapital
2023-11-30
08288653
core:ShareCapital
2022-11-30
08288653
core:RetainedEarningsAccumulatedLosses
2023-11-30
08288653
core:RetainedEarningsAccumulatedLosses
2022-11-30
08288653
bus:SmallEntities
2022-12-01
2023-11-30
08288653
bus:AuditExempt-NoAccountantsReport
2022-12-01
2023-11-30
08288653
bus:SmallCompaniesRegimeForAccounts
2022-12-01
2023-11-30
08288653
bus:PrivateLimitedCompanyLtd
2022-12-01
2023-11-30
08288653
bus:FullAccounts
2022-12-01
2023-11-30
Company registration number:
08288653
Wrev Limited
Pages for filing with Registrar
Wrev Limited
Contents
Statement of financial position
Notes to the financial statements
Wrev Limited
Statement of financial position
30 November 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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|
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|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
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Debtors |
|
5 |
27,379 |
|
|
|
43,318 |
|
|
Cash at bank and in hand |
|
|
11,947 |
|
|
|
7,629 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
39,326 |
|
|
|
50,947 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
28,073) |
|
|
|
(
49,185) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
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11,253 |
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1,762 |
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|
|
|
_______ |
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_______ |
Total assets less current liabilities |
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11,253 |
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1,762 |
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Creditors: amounts falling due |
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|
|
|
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|
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after more than one year |
|
7 |
|
|
(
24,890) |
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|
|
(
9,080) |
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|
|
|
_______ |
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_______ |
Net liabilities |
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|
|
|
(
13,637) |
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|
(
7,318) |
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|
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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|
|
100 |
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|
|
100 |
Profit and loss account |
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|
|
(
13,737) |
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|
|
(
7,418) |
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|
|
|
_______ |
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|
_______ |
Shareholders deficit |
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|
|
(
13,637) |
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|
|
(
7,318) |
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|
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_______ |
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_______ |
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For the year ending 30 November 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
13 August 2024
, and are signed on behalf of the board by:
Mr Richard James Burns
Director
Company registration number:
08288653
Wrev Limited
Notes to the financial statements
Year ended 30 November 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 Unit 5 Toll Bridge Road, Blaydon-On-Tyne, Tyne and Wear, NE21 5TR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
27,379 |
43,318 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
5,510 |
26,810 |
|
Trade creditors |
|
7,849 |
7,369 |
|
Social security and other taxes |
|
519 |
843 |
|
Other creditors |
|
14,195 |
14,163 |
|
|
|
_______ |
_______ |
|
|
|
28,073 |
49,185 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
24,890 |
9,080 |
|
|
|
_______ |
_______ |
|
|
|
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|
8.
Controlling party
The company is controlled by Richard James Burns and Christopher Andrew Burn.