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COMPANY REGISTRATION NUMBER: 13718184
Washdown Ltd
Filleted Unaudited Financial Statements
31 December 2023
Washdown Ltd
Financial Statements
Period from 1 December 2022 to 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Washdown Ltd
Statement of Financial Position
31 December 2023
31 Dec 23
30 Nov 22
Note
£
£
Fixed assets
Tangible assets
5
1,567
Current assets
Debtors
6
3,801
3,345
Cash at bank and in hand
82,003
1,419
--------
-------
85,804
4,764
Creditors: amounts falling due within one year
7
282,091
23,570
---------
--------
Net current liabilities
196,287
18,806
---------
--------
Total assets less current liabilities
( 194,720)
( 18,806)
---------
--------
Net liabilities
( 194,720)
( 18,806)
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 194,820)
( 18,906)
---------
--------
Shareholders deficit
( 194,720)
( 18,806)
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Washdown Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
L B Tennant
Director
Company registration number: 13718184
Washdown Ltd
Notes to the Financial Statements
Period from 1 December 2022 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Mereside, Portland, DT5 1PY, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors.
Judgements 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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 December 2022
Additions
1,621
-------
At 31 December 2023
1,621
-------
Depreciation
At 1 December 2022
Charge for the period
54
-------
At 31 December 2023
54
-------
Carrying amount
At 31 December 2023
1,567
-------
At 30 November 2022
-------
6. Debtors
31 Dec 23
30 Nov 22
£
£
Trade debtors
3,801
94
Other debtors
3,251
-------
-------
3,801
3,345
-------
-------
7. Creditors: amounts falling due within one year
31 Dec 23
30 Nov 22
£
£
Social security and other taxes
9,271
Other creditors
272,820
23,570
---------
--------
282,091
23,570
---------
--------
8. Related party transactions
At the year end the company owed £2,720 to a director (2022: £2,720)