Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsetrueNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10441730 2023-01-01 2023-12-31 10441730 2022-01-01 2022-12-31 10441730 2023-12-31 10441730 2022-12-31 10441730 c:Director1 2023-01-01 2023-12-31 10441730 d:ComputerEquipment 2023-01-01 2023-12-31 10441730 d:ComputerEquipment 2023-12-31 10441730 d:ComputerEquipment 2022-12-31 10441730 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10441730 d:CurrentFinancialInstruments 2023-12-31 10441730 d:CurrentFinancialInstruments 2022-12-31 10441730 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10441730 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10441730 d:ShareCapital 2023-12-31 10441730 d:ShareCapital 2022-12-31 10441730 d:RetainedEarningsAccumulatedLosses 2023-12-31 10441730 d:RetainedEarningsAccumulatedLosses 2022-12-31 10441730 c:FRS102 2023-01-01 2023-12-31 10441730 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10441730 c:FullAccounts 2023-01-01 2023-12-31 10441730 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10441730 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10441730









WENVOR DESIGNS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WENVOR DESIGNS LIMITED
REGISTERED NUMBER: 10441730

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,791
799

Current assets
  

Debtors: amounts falling due within one year
 6 
578,452
184,930

Cash at bank and in hand
  
728,516
1,055,673

  
1,306,968
1,240,603

Creditors: amounts falling due within one year
 7 
(109,883)
(200,864)

Net current assets
  
 
 
1,197,085
 
 
1,039,739

Total assets less current liabilities
  
1,198,876
1,040,538

  

Net assets
  
1,198,876
1,040,538


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,198,875
1,040,537

  
1,198,876
1,040,538


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.



C H C Oram
Director

Page 1

 
WENVOR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wenvor Designs Limited is a private company limited by shares and registered in England and Wales. The registered address is 58 Woodstock Grove, London, W12 8LG. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue Recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue recognised by the company is in respect of scenic and costume designing services provided during the year. Invoices are raised in arrears of services provided. An assessment is undertaken at the year end in respect of work performed that has not been invoiced and an amount is accrued accordingly. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Page 2

 
WENVOR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
 
Page 3

 
WENVOR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Tangible assets   
                                                                                                                                 
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
WENVOR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
2,195


Additions
2,087



At 31 December 2023

4,282



Depreciation


At 1 January 2023
1,396


Charge for the year on owned assets
1,095



At 31 December 2023

2,491



Net book value



At 31 December 2023
1,791



At 31 December 2022
799

Page 5

 
WENVOR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
517,305
1,053

Prepayments and accrued income
61,147
183,877

578,452
184,930



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
912

Corporation tax
95,287
139,862

Other taxation and social security
2,763
3,774

Other creditors
-
30,202

Accruals and deferred income
11,833
26,114

109,883
200,864



8.


Related party transactions

At the reporting date, C Oram, the director, owed the company £515,558 (2022: the company owed  £30,045 to C Oram), which is included in other debtors. Interest has been charged on the overdrawn amount at the official rate of interest which amounted to £2,767 (2022: £nil). The balance was repaid in full within 9 months of the reporting date.
The company has not entered into any other transactions with related parties that are material and have not been conducted under normal market conditions.   

 
Page 6