Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-0154truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04258015 2023-01-01 2023-12-31 04258015 2022-01-01 2022-12-31 04258015 2023-12-31 04258015 2022-12-31 04258015 2022-01-01 04258015 c:Director1 2023-01-01 2023-12-31 04258015 d:PlantMachinery 2023-01-01 2023-12-31 04258015 d:PlantMachinery 2023-12-31 04258015 d:PlantMachinery 2022-12-31 04258015 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04258015 d:MotorVehicles 2023-01-01 2023-12-31 04258015 d:MotorVehicles 2023-12-31 04258015 d:MotorVehicles 2022-12-31 04258015 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04258015 d:OfficeEquipment 2023-01-01 2023-12-31 04258015 d:OfficeEquipment 2023-12-31 04258015 d:OfficeEquipment 2022-12-31 04258015 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04258015 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04258015 d:CurrentFinancialInstruments 2023-12-31 04258015 d:CurrentFinancialInstruments 2022-12-31 04258015 d:Non-currentFinancialInstruments 2023-12-31 04258015 d:Non-currentFinancialInstruments 2022-12-31 04258015 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04258015 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04258015 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04258015 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04258015 d:ShareCapital 2023-12-31 04258015 d:ShareCapital 2022-12-31 04258015 d:RetainedEarningsAccumulatedLosses 2023-12-31 04258015 d:RetainedEarningsAccumulatedLosses 2022-12-31 04258015 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04258015 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04258015 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04258015 c:OrdinaryShareClass1 2023-12-31 04258015 c:OrdinaryShareClass1 2022-12-31 04258015 c:FRS102 2023-01-01 2023-12-31 04258015 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04258015 c:FullAccounts 2023-01-01 2023-12-31 04258015 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04258015 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04258015









WONTERS FM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WONTERS FM LIMITED
REGISTERED NUMBER: 04258015

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
28,799
24,013

CURRENT ASSETS
  

Stocks
 5 
84,798
79,593

Debtors: amounts falling due within one year
 6 
113,947
202,814

Cash at bank and in hand
  
182,975
99,013

  
381,720
381,420

Creditors: amounts falling due within one year
 8 
(222,648)
(241,134)

NET CURRENT ASSETS
  
 
 
159,072
 
 
140,286

TOTAL ASSETS LESS CURRENT LIABILITIES
  
187,871
164,299

Creditors: amounts falling due after more than one year
 9 
(14,167)
(24,167)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(6,493)
(5,093)

NET ASSETS
  
167,211
135,039


CAPITAL AND RESERVES
  

Called up share capital 
 11 
1
1

Profit and loss account
  
167,210
135,038

  
167,211
135,039


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
WONTERS FM LIMITED
REGISTERED NUMBER: 04258015
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






R C Hyslop
Director

Date: 24 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WONTERS FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Wonters FM Limited is a private company limited by shares and incorporated in England. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal trading address is 16 Ronald Rolph Court, Wadloes Road, Cambridge, CB5 8PX.
THe company's functional and presentational currency is GBP.    

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.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusiove of Value Added Tax and traded discounts.

 
2.3

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:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
25%
straight line

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.

Page 3

 
WONTERS FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
WONTERS FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).

Page 5

 
WONTERS FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 January 2023
8,198
56,358
2,342
66,898


Additions
-
14,995
-
14,995



At 31 December 2023

8,198
71,353
2,342
81,893



DEPRECIATION


At 1 January 2023
7,635
32,908
2,342
42,885


Charge for the year on owned assets
385
9,824
-
10,209



At 31 December 2023

8,020
42,732
2,342
53,094



NET BOOK VALUE



At 31 December 2023
178
28,621
-
28,799



At 31 December 2022
563
23,450
-
24,013


5.


STOCKS

2023
2022
£
£

Stock
9,000
9,000

Work in progress
75,798
70,593

84,798
79,593


Page 6

 
WONTERS FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


DEBTORS

2023
2022
£
£


Trade debtors
64,778
143,207

Other debtors
9,526
7,486

Prepayments and accrued income
33,023
52,121

Tax recoverable
6,620
-

113,947
202,814



7.


CURRENT ASSET INVESTMENTS





8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
109,933
75,037

Amounts owed to group undertakings
18,548
60,453

Corporation tax
7,347
17,257

Other taxation and social security
37,349
31,295

Other creditors
31,078
24,965

Accruals and deferred income
8,393
22,127

222,648
241,134


Included in bank loans is a Government backed 'bounce back' loan of £10,000 (2022 - £10,000). The interest rate is fixed at 2.5% per annum.


9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
14,167
24,167


Included in bank loans is a Government backed 'bounce back' loan of £14,167 (2022 - £24,167). The interest rate is fixed at 2.5% per annum.

Page 7

 
WONTERS FM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
5,093
199


Charged to profit or loss
1,400
4,894



AT END OF YEAR
6,493
5,093

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
6,493
5,093


11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary Share share of £1.00
1
1


 
Page 8