Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsefalse2023-02-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10550883 2023-02-01 2024-01-31 10550883 2022-02-01 2023-01-31 10550883 2024-01-31 10550883 2023-01-31 10550883 c:Director1 2023-02-01 2024-01-31 10550883 c:RegisteredOffice 2023-02-01 2024-01-31 10550883 d:CurrentFinancialInstruments 2024-01-31 10550883 d:CurrentFinancialInstruments 2023-01-31 10550883 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10550883 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10550883 d:ShareCapital 2024-01-31 10550883 d:ShareCapital 2023-01-31 10550883 d:RetainedEarningsAccumulatedLosses 2024-01-31 10550883 d:RetainedEarningsAccumulatedLosses 2023-01-31 10550883 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10550883 c:OrdinaryShareClass1 2024-01-31 10550883 c:OrdinaryShareClass1 2023-01-31 10550883 c:FRS102 2023-02-01 2024-01-31 10550883 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10550883 c:FullAccounts 2023-02-01 2024-01-31 10550883 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10550883 2 2023-02-01 2024-01-31 10550883 6 2023-02-01 2024-01-31 10550883 1 2024-01-31 10550883 2 2024-01-31 10550883 1 2023-01-31 10550883 2 2023-01-31 10550883 f:Euro 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10550883












WOLZAK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 

WOLZAK LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 6


 

WOLZAK LIMITED
 
COMPANY INFORMATION


Director
S G A Wolzak 




Registered number
10550883



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




1 -


 
REGISTERED NUMBER:10550883
WOLZAK LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note

Fixed assets
  

Investments
 4 
206,785
148,500

Current assets
  

Debtors

  

27,374
12,500

Creditors: amounts falling due within one year
 5 
(91,529)
(205,288)

Net current liabilities
  
 
 
(64,155)
 
 
(192,788)

  

Net assets/(liabilities)
  
142,630
(44,288)


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
142,629
(44,289)

Total equity/(deficit)
  
142,630
(44,288)


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.

The financial statements were approved and authorised for issue by the sole director.




S G A Wolzak
Director

Date: 30 October 2024

The notes on pages 3 to 6 form part of these financial statements.

2 -

 

WOLZAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Wolzak Limited is a private company limited by shares incorporated in England and Wales. Its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Euro (€), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

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

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Interest income

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

 
2.4

Taxation

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.


 
2.5

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.6

Share capital

Ordinary shares are classified as equity.

3 -

 

WOLZAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.7

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

4 -

 

WOLZAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)





Financial instruments (continued)

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Listed investments
Unlisted investments
Total




Cost or valuation


At 1 February 2023
-
148,500
148,500


Additions
145,785
-
145,785


Disposals
-
(87,500)
(87,500)



At 31 January 2024
145,785
61,000
206,785






Net book value



At 31 January 2024
145,785
61,000
206,785



At 31 January 2023
-
148,500
148,500

5 -

 

WOLZAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
3,677
3,049

Corporation tax
10,809
-

Other creditors
74,229
200,142

Accruals and deferred income
2,814
2,097

91,529
205,288



6.


Share capital

2024
2023
Allotted, called up and fully paid



1 (2023 - 1) Ordinary shares share of £1.00
1
1



7.


Related party transactions

As at the year end, the company owed €74,229 (2023: €200,142) to the director. No interest has been charged and there is no fixed repayment date.

 
6 -