0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13074910 2023-01-01 2023-12-31 13074910 2023-12-31 13074910 2022-12-31 13074910 2022-01-01 2022-12-31 13074910 2022-12-31 13074910 2021-12-31 13074910 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 13074910 bus:Director1 2023-01-01 2023-12-31 13074910 core:WithinOneYear 2023-12-31 13074910 core:WithinOneYear 2022-12-31 13074910 core:ShareCapital 2023-12-31 13074910 core:ShareCapital 2022-12-31 13074910 core:RetainedEarningsAccumulatedLosses 2023-12-31 13074910 core:RetainedEarningsAccumulatedLosses 2022-12-31 13074910 bus:SmallEntities 2023-01-01 2023-12-31 13074910 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13074910 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13074910 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13074910 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 13074910
Wyevale UK Limited
Filleted Unaudited Financial Statements
31 December 2023
Wyevale UK Limited
Financial Statements
Year ended 31 December 2023
Contents
Pages
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 5
Wyevale UK Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Wyevale UK Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wyevale UK Limited for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Wyevale UK Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Wyevale UK Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wyevale UK Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Wyevale UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wyevale UK Limited. You consider that Wyevale UK Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Wyevale UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
30 September 2024
Wyevale UK Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
4
46,281
12,945
Cash at bank and in hand
170,768
127,014
---------
---------
217,049
139,959
Creditors: amounts falling due within one year
5
32,346
25,692
---------
---------
Net current assets
184,703
114,267
---------
---------
Total assets less current liabilities
184,703
114,267
---------
---------
Net assets
184,703
114,267
---------
---------
Wyevale UK Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
184,603
114,167
---------
---------
Shareholders funds
184,703
114,267
---------
---------
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 income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 September 2024 , and are signed on behalf of the board by:
Mr B Dormer
Director
Company registration number: 13074910
Wyevale UK Limited
Notes to the Financial Statements
Year ended 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 Clarence House, Watercombe Lane, Lynx West Trading Estate, Yeovil, BA20 2SU, 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.
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. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for online subscription services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2023
2022
£
£
Trade debtors
2,935
12,654
Other debtors
43,346
291
--------
--------
46,281
12,945
--------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
11,142
194
Corporation tax
19,304
23,698
Other creditors
1,900
1,800
--------
--------
32,346
25,692
--------
--------