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REGISTERED NUMBER: SC584262 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

WRW Trading Ltd

WRW Trading Ltd (Registered number: SC584262)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WRW Trading Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr W R Wyness





REGISTERED OFFICE: c/o Sbp Accountants & Business Advisers
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF





REGISTERED NUMBER: SC584262 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

WRW Trading Ltd (Registered number: SC584262)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 52,563 37,777
Cash at bank 4,244 23,685
56,807 61,462
CREDITORS
Amounts falling due within one year 5 56,787 55,760
NET CURRENT ASSETS 20 5,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

20

5,702

CREDITORS
Amounts falling due after more than one
year

6

20,950

25,833
NET LIABILITIES (20,930 ) (20,131 )

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings (22,030 ) (21,231 )
SHAREHOLDERS' FUNDS (20,930 ) (20,131 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:



Mr W R Wyness - Director


WRW Trading Ltd (Registered number: SC584262)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

WRW Trading Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
At 31 December 2023, the company had negative equity of £21,088 (2022 - £20,131) including a loan due by the director of £39,566 (2022 - £28,511)

The director has agreed to provide funds to meet the liabilities of the company as and when they fall due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 52,563 37,777

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,240 10,000
Trade creditors - 3,421
Taxation and social security 13,119 9,266
Other creditors 34,428 33,073
56,787 55,760

WRW Trading Ltd (Registered number: SC584262)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 20,950 25,833

7. OTHER FINANCIAL COMMITMENTS

A loan has been received from a related party which has no interest charges and no repayment terms.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr W R Wyness
Balance outstanding at start of year 28,511 10,490
Amounts advanced 11,055 128,021
Amounts repaid - (110,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,566 28,511

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W R Wyness.