Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Diana Tickell 01/08/2023 Karen Hudson 01/08/2023 Claire Sadler 01/08/2024 Nishma Robb 01/08/2024 01/08/2022 Rachel Bristow 01/08/2023 01/08/2020 Rania Robinson 01/08/2023 01/08/2021 22 April 2025 The principal activity of the Company is running activities that accelerate gender equality for women in advertising and communications including campaigning to raise awareness, enhancing the careers of future female talent, supporting members and fundraising for charities. 05245051 2024-07-31 05245051 bus:Director1 2024-07-31 05245051 bus:Director2 2024-07-31 05245051 bus:Director3 2024-07-31 05245051 bus:Director4 2024-07-31 05245051 bus:Director5 2024-07-31 05245051 bus:Director6 2024-07-31 05245051 2023-07-31 05245051 core:CurrentFinancialInstruments 2024-07-31 05245051 core:CurrentFinancialInstruments 2023-07-31 05245051 core:RetainedEarningsAccumulatedLosses 2024-07-31 05245051 core:RetainedEarningsAccumulatedLosses 2023-07-31 05245051 core:ComputerEquipment 2023-07-31 05245051 core:ComputerEquipment 2024-07-31 05245051 core:CostValuation 2023-07-31 05245051 core:CostValuation 2024-07-31 05245051 2023-08-01 2024-07-31 05245051 bus:FilletedAccounts 2023-08-01 2024-07-31 05245051 bus:SmallEntities 2023-08-01 2024-07-31 05245051 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05245051 bus:CompanyLimitedByGuarantee 2023-08-01 2024-07-31 05245051 bus:Director1 2023-08-01 2024-07-31 05245051 bus:Director2 2023-08-01 2024-07-31 05245051 bus:Director3 2023-08-01 2024-07-31 05245051 bus:Director4 2023-08-01 2024-07-31 05245051 bus:Director5 2023-08-01 2024-07-31 05245051 bus:Director6 2023-08-01 2024-07-31 05245051 core:ComputerEquipment 2023-08-01 2024-07-31 05245051 2022-08-01 2023-07-31 05245051 core:Subsidiary1 2023-08-01 2024-07-31 05245051 core:Subsidiary1 1 2023-08-01 2024-07-31 05245051 core:Subsidiary1 1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 05245051 (England and Wales)

WACL LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

WACL LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

WACL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
WACL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 719 0
Investments 4 2 2
721 2
Current assets
Debtors 5 29,787 37,328
Cash at bank and in hand 6 30,070 55,870
59,857 93,198
Creditors: amounts falling due within one year 7 ( 12,335) ( 53,212)
Net current assets 47,522 39,986
Total assets less current liabilities 48,243 39,988
Net assets 48,243 39,988
Reserves
Profit and loss account 48,243 39,988
Total reserves 48,243 39,988

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of WACL Limited (registered number: 05245051) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Diana Tickell
Director

22 April 2025

WACL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
WACL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

WACL Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises revenue recognised by the company in respect of events undertaken during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised with reference to the date of the events.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,

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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Income Statement.

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) 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
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 5 4

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 August 2023 0 0
Additions 958 958
At 31 July 2024 958 958
Accumulated depreciation
At 01 August 2023 0 0
Charge for the financial year 239 239
At 31 July 2024 239 239
Net book value
At 31 July 2024 719 719
At 31 July 2023 0 0

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 2
At 31 July 2024 2
Carrying value at 31 July 2024 2
Carrying value at 31 July 2023 2

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.07.2024
Ownership
31.07.2023
Gather (Forum) Ltd 35 Ballards Lane, London, N3 1XW Operation of not-for-profit events Ordinary 100.00% 100.00%

The capital and reserves and the profit of the subsidiary undertaking was as follows:

Capital and
reserves
at 2024
Profit for
the year ended
2024
£ £
Gather (Forum) Ltd 2 0

5. Debtors

2024 2023
£ £
Prepayments 29,787 22,828
VAT recoverable 0 14,500
29,787 37,328

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 30,070 55,870

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals and deferred income 3,000 50,831
Corporation tax 1,810 0
Other taxation and social security 2,525 647
Other creditors 5,000 1,734
12,335 53,212

7. Financial commitments

Pensions

The Company operates a defined contributions pension scheme, and the assets of the scheme are held separately from those of the Company in an independently administered fund. There were no contributions payable to the fund at the Statement of Financial Position date.

8. Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.