Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-30truefalsefalseConsulting servicestrue2023-11-102The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15274634 2023-11-09 15274634 2023-11-10 2024-11-30 15274634 2022-12-01 2023-11-09 15274634 2024-11-30 15274634 c:Director2 2023-11-10 2024-11-30 15274634 d:PlantMachinery 2023-11-10 2024-11-30 15274634 d:PlantMachinery 2024-11-30 15274634 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-10 2024-11-30 15274634 d:ComputerEquipment 2023-11-10 2024-11-30 15274634 d:ComputerEquipment 2024-11-30 15274634 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-10 2024-11-30 15274634 d:OwnedOrFreeholdAssets 2023-11-10 2024-11-30 15274634 d:CurrentFinancialInstruments 2024-11-30 15274634 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 15274634 d:ShareCapital 2023-11-10 2024-11-30 15274634 d:ShareCapital 2024-11-30 15274634 d:RetainedEarningsAccumulatedLosses 2023-11-10 2024-11-30 15274634 d:RetainedEarningsAccumulatedLosses 2024-11-30 15274634 c:FRS102 2023-11-10 2024-11-30 15274634 c:AuditExempt-NoAccountantsReport 2023-11-10 2024-11-30 15274634 c:FullAccounts 2023-11-10 2024-11-30 15274634 c:PrivateLimitedCompanyLtd 2023-11-10 2024-11-30 15274634 e:PoundSterling 2023-11-10 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 15274634










STUDIO WAG LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2024

 
STUDIO WAG LIMITED
REGISTERED NUMBER: 15274634

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
3,116

  
3,116

Current assets
  

Debtors: amounts falling due within one year
 5 
388

Cash at bank and in hand
  
18,371

  
18,759

Creditors: amounts falling due within one year
 6 
(26,389)

Net current (liabilities)/assets
  
 
 
(7,630)

Total assets less current liabilities
  
(4,514)

  

Net (liabilities)/assets
  
(4,514)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(4,614)

  
(4,514)

Page 1

 
STUDIO WAG LIMITED
REGISTERED NUMBER: 15274634
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 board and were signed on its behalf by: 




Neil Vincent Svensen
Director

Date: 19 March 2025

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
STUDIO WAG LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period
-
(4,614)
(4,614)

Shares issued during the period
100
-
100


At 30 November 2024
100
(4,614)
(4,514)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
STUDIO WAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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

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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
STUDIO WAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
STUDIO WAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost


Additions
458
3,891
4,349



At 30 November 2024

458
3,891
4,349



Depreciation


Charge for the period
51
1,182
1,233



At 30 November 2024

51
1,182
1,233



Net book value



At 30 November 2024
407
2,709
3,116


5.


Debtors

2024
£


Amounts owed by group undertakings
100

Other debtors
281

Prepayments and accrued income
7

388



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
37

Other creditors
23,277

Accruals and deferred income
3,075

26,389


Page 6

 
STUDIO WAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

7.


Related party transactions

Within other creditors are amounts owed to directors of £23,277. The loan is interest free and repayable on demand.


8.


Comparatives

There are no comparative figures as this is the first period of trading.

 
Page 7