Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity1720trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06623643 2023-01-01 2023-12-31 06623643 2022-01-01 2022-12-31 06623643 2023-12-31 06623643 2022-12-31 06623643 c:Director1 2023-01-01 2023-12-31 06623643 d:CurrentFinancialInstruments 2023-12-31 06623643 d:CurrentFinancialInstruments 2022-12-31 06623643 d:Non-currentFinancialInstruments 2023-12-31 06623643 d:Non-currentFinancialInstruments 2022-12-31 06623643 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06623643 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06623643 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06623643 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06623643 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06623643 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06623643 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06623643 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06623643 d:ShareCapital 2023-12-31 06623643 d:ShareCapital 2022-12-31 06623643 d:RetainedEarningsAccumulatedLosses 2023-12-31 06623643 d:RetainedEarningsAccumulatedLosses 2022-12-31 06623643 c:FRS102 2023-01-01 2023-12-31 06623643 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06623643 c:FullAccounts 2023-01-01 2023-12-31 06623643 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06623643 2 2023-01-01 2023-12-31 06623643 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06623643









WILL WRITER LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WILL WRITER LTD
REGISTERED NUMBER: 06623643

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
7,362
6,405

Cash at bank and in hand
 6 
28,184
16,072

  
35,546
22,477

Creditors: amounts falling due within one year
 7 
(141,762)
(100,954)

Total assets less current liabilities
  
 
 
(106,216)
 
 
(78,477)

Creditors: amounts falling due after more than one year
 8 
(23,279)
(33,205)

  

Net liabilities
  
(129,495)
(111,682)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(130,495)
(112,682)

  
(129,495)
(111,682)


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 income statement 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 19 September 2024.


H R Goodale
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
WILL WRITER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private limited by shares company incorporated in England. The Registered Office address is 4 Pembroke Road, Sevenoaks, Kent TN13 1XR. The place of business is 2 Fircroft Mews, Fircroft Business Centre, Fircroft Way, Edenbridge, Kent, TN8 6EN

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

Going concern

Despite the accumulated trading losses the Director expects the company to continue trading for at least the next 12 months and the financial statements have been prepared on that basis.

 
2.3

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
WILL WRITER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 20).


4.


Taxation


2023
2022
£
£



Total current tax
-
-
Page 3

 
WILL WRITER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
4.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2022 - higher than) the standard rate of corporation tax in the UK of 19% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Loss on ordinary activities before tax
(17,813)
(61,590)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2022 - 19%)
(3,384)
(11,702)

Effects of:


Unrelieved tax losses carried forward
3,384
11,702

Total tax charge for the year
-
-


Factors that may affect future tax charges

The company has trading losses of £239,807 available to set against future profits.

Page 4

 
WILL WRITER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
3,330
2,880

Other debtors
4,032
3,525

7,362
6,405



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
28,184
16,072



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,932
9,692

Trade creditors
15,798
15,887

Other taxation and social security
31,090
14,183

Other creditors
82,442
58,792

Accruals and deferred income
2,500
2,400

141,762
100,954


2023
2022
£
£

Other taxation and social security

PAYE/NI control
7,713
2,886

VAT control
23,377
11,297

31,090
14,183


Page 5

 
WILL WRITER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,279
33,205



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,932
9,692

Amounts falling due 1-2 years

Bank loans
10,183
9,931

Amounts falling due 2-5 years

Bank loans
13,096
23,274


33,211
42,897



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,915 (2022 - £6,133). 


11.


Related party transactions

The director has provided working capital to the company of £76,045 (2022: £58,000) which is interest free and repayable on demand.

 
Page 6