Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 7 December 2021 false 1 January 2023 31 December 2023 31 December 2023 13786035 Ms Kaisu Piisila Mr Juha Harju Woolman OY, incorporated in Finland, true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13786035 2022-12-31 13786035 2023-12-31 13786035 2023-01-01 2023-12-31 13786035 frs-core:CurrentFinancialInstruments 2023-12-31 13786035 frs-core:PlantMachinery 2023-12-31 13786035 frs-core:PlantMachinery 2023-01-01 2023-12-31 13786035 frs-core:PlantMachinery 2022-12-31 13786035 frs-core:ShareCapital 2023-12-31 13786035 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13786035 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13786035 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13786035 frs-bus:SmallEntities 2023-01-01 2023-12-31 13786035 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13786035 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13786035 1 2023-01-01 2023-12-31 13786035 frs-bus:Director1 2023-01-01 2023-12-31 13786035 frs-bus:Director2 2023-01-01 2023-12-31 13786035 frs-countries:EnglandWales 2023-01-01 2023-12-31 13786035 2021-12-06 13786035 2022-12-31 13786035 2021-12-07 2022-12-31 13786035 frs-core:CurrentFinancialInstruments 2022-12-31 13786035 frs-core:ShareCapital 2022-12-31 13786035 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13786035
Woolman Comp UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13786035
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,384 2,926
1,384 2,926
CURRENT ASSETS
Debtors 5 11,028 383
Cash at bank and in hand 2,935 89
13,963 472
Creditors: Amounts Falling Due Within One Year 6 (253,499 ) (113,029 )
NET CURRENT ASSETS (LIABILITIES) (239,536 ) (112,557 )
TOTAL ASSETS LESS CURRENT LIABILITIES (238,152 ) (109,631 )
NET LIABILITIES (238,152 ) (109,631 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (238,153 ) (109,632 )
SHAREHOLDERS' FUNDS (238,152) (109,631)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board
Ms Kaisu Piisila
Director
04/06/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Woolman Comp UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13786035 . The registered office is First Floor, 1 Cottesbrooke Park, Heartlands Business Park, Daventry, Northamptonshire, NN11 8YL.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 3 years straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 3,697
Disposals (930 )
As at 31 December 2023 2,767
Depreciation
As at 1 January 2023 771
Provided during the period 1,225
Disposals (613 )
As at 31 December 2023 1,383
Net Book Value
As at 31 December 2023 1,384
As at 1 January 2023 2,926
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5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 11,028 -
VAT - 383
11,028 383
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 2,338 4,465
Other taxes and social security 8,106 5,350
VAT 3,728 -
Accruals and deferred income 3,000 8,412
Amounts owed to parent undertaking 236,327 94,802
253,499 113,029
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Woolman OY, incorporated in Finland, by virtue of it's ownership of 100% of the issued share capital in the company.
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