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COMPANY REGISTRATION NUMBER: 07443366
Wordy Limited
Filleted Unaudited Financial Statements
31 December 2023
Wordy Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Wordy Limited
Officers and Professional Advisers
Director
A Schepelern
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Wordy Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Wordy Limited
Year ended 31 December 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Wordy Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,940
2,619
Current assets
Debtors
6
240,493
201,568
Cash at bank and in hand
25,873
62,070
---------
---------
266,366
263,638
Creditors: amounts falling due within one year
7
51,776
63,697
---------
---------
Net current assets
214,590
199,941
---------
---------
Total assets less current liabilities
216,530
202,560
---------
---------
Net assets
216,530
202,560
---------
---------
Capital and reserves
Called up share capital
3
3
Share premium account
92,897
92,897
Profit and loss account
123,630
109,660
---------
---------
Shareholders funds
216,530
202,560
---------
---------
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 comprehensive income 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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Wordy Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 8 April 2025 , and are signed on behalf of the board by:
A Schepelern
Director
Company registration number: 07443366
Wordy 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 727-729 High Road, London, N12 0BP.
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. The financial statements are prepared in sterling, which is the functional currency of the entity .
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by the directors in preparing these financial statements .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
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 .
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% straight line
Office Equipment
-
33% straight line
Website Development
-
25 % straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Website Development
Total
£
£
£
£
Cost
At 1 January 2023
1,448
11,807
92,506
105,761
Additions
876
876
-------
--------
--------
---------
At 31 December 2023
1,448
12,683
92,506
106,637
-------
--------
--------
---------
Depreciation
At 1 January 2023
1,448
10,877
90,817
103,142
Charge for the year
937
618
1,555
-------
--------
--------
---------
At 31 December 2023
1,448
11,814
91,435
104,697
-------
--------
--------
---------
Carrying amount
At 31 December 2023
869
1,071
1,940
-------
--------
--------
---------
At 31 December 2022
930
1,689
2,619
-------
--------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
12,973
12,125
Other debtors
227,520
189,443
---------
---------
240,493
201,568
---------
---------
Other debtors of £227,518 (2022 : £189,443) consists of amounts identified as unreconciled during the year and are to be investigated in 2024. Therefore, this amount is subject to change and does not necessarily constitute a debtor of the company until resolved.
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
4,582
14,886
Social security and other taxes
1,138
943
Other creditors
46,056
47,868
--------
--------
51,776
63,697
--------
--------