Acorah Software Products - Accounts Production 16.0.110 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12956426 Mr James Young iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12956426 2022-10-31 12956426 2023-10-31 12956426 2022-11-01 2023-10-31 12956426 frs-core:ShareCapital 2023-10-31 12956426 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12956426 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12956426 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 12956426 frs-bus:SmallEntities 2022-11-01 2023-10-31 12956426 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12956426 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12956426 frs-bus:Director1 2022-11-01 2023-10-31 12956426 frs-countries:EnglandWales 2022-11-01 2023-10-31 12956426 2021-10-31 12956426 2022-10-31 12956426 2021-11-01 2022-10-31 12956426 frs-core:ShareCapital 2022-10-31 12956426 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12956426
Wolfex Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Affinity Associates Limited
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 12956426
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks - 52,063
Cash at bank and in hand 327,410 682,707
327,410 734,770
Creditors: Amounts Falling Due Within One Year (713,526 ) (753,888 )
NET CURRENT ASSETS (LIABILITIES) (386,116 ) (19,118 )
TOTAL ASSETS LESS CURRENT LIABILITIES (386,116 ) (19,118 )
NET LIABILITIES (386,116 ) (19,118 )
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account (386,216 ) (19,218 )
SHAREHOLDERS' FUNDS (386,116) (19,118)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 30 October 2024 and were signed on its behalf by:
Mr James Young
Director
30 October 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Wolfex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12956426 . The registered office is Unit 3 Old Park Farm, Letheringham, IP13 0LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At each reporting date, an assessment is made for impairment. Any exess of the carrying amount of stocks over its
estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of
impairment losses are also recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
5. Related Party Disclosures
During the year, the company entered into the folowing transactions with related parties:
Buggybaby Limited ( CRN 10806893 )Company under common control of the directorsLoans were paid and received from this company for commercial reasons and the balance owed at year end was £ 97,078.

Buggybaby Limited ( CRN 10806893 )

Company under common control of the directors

Loans were paid and received from this company for commercial reasons and the balance owed at year end was £ 97,078.

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