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Registered number: 13755368
Wordpack Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 13755368
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 23,091 2,591
23,091 2,591
CURRENT ASSETS
Debtors 4 - 4,693
Cash at bank and in hand 62,183 72,725
62,183 77,418
Creditors: Amounts Falling Due Within One Year 5 (9,886 ) (35,394 )
NET CURRENT ASSETS (LIABILITIES) 52,297 42,024
TOTAL ASSETS LESS CURRENT LIABILITIES 75,388 44,615
Creditors: Amounts Falling Due After More Than One Year 6 (19,131 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,387 ) (492 )
NET ASSETS 51,870 44,123
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 51,770 44,023
SHAREHOLDERS' FUNDS 51,870 44,123
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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.
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 Income Statement.
On behalf of the board
Mr I Soor
Director
27/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting polices adopted are set below.
1.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicles 25% Reducing Balance Method
Computer Equipment 33% Straight Line Method
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
1.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. 
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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1.8. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.9. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2022: 3)
4 3
3. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 - 3,867 3,867
Additions 29,034 - 29,034
As at 30 November 2023 29,034 3,867 32,901
Depreciation
As at 1 December 2022 - 1,276 1,276
Provided during the period 7,258 1,276 8,534
As at 30 November 2023 7,258 2,552 9,810
Net Book Value
As at 30 November 2023 21,776 1,315 23,091
As at 1 December 2022 - 2,591 2,591
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
30 November 2023 30 November 2022
£ £
Motor Vehicles 21,371 -
21,371 -
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4. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Amount owed by connected parties - 3,507
Pension - 31
Other taxes and social security - 1,155
- 4,693
5. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,105 -
Corporation tax 3,065 20,627
Other taxes and social security 572 -
Net Wages 2,849 2,177
Accruals and deferred income 295 -
Director's loan account - 12,590
9,886 35,394
6. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,131 -
19,131 -
7. Obligations Under Finance Leases and Hire Purchase
30 November 2023 30 November 2022
£ £
The maturity of these amounts is as follows:
Within one year 3,105 -
Between one and five years 19,131 -
22,236 -
22,236 -
8. Deferred Taxation
The provision for deferred tax is made up as follows:
30 November 2023 30 November 2022
£ £
Deferred Tax 4,387 492
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9. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary shares in issue.
10. Pension Commitments
The company operates a defined contribution pension scheme for directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £Nil were due to the fund.
11. Dividends
30 November 2023 30 November 2022
£ £
On equity shares:
Interim dividend paid 20,097 47,175
20,097 47,175
12. General Information
Wordpack Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13755368 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
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