1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,752 4,408 778 5,186 566 1,344 xbrli:pure xbrli:shares iso4217:GBP 08741653 2023-09-01 2024-08-31 08741653 2024-08-31 08741653 2023-08-31 08741653 2022-09-01 2023-08-31 08741653 2023-08-31 08741653 2022-08-31 08741653 bus:Director1 2023-09-01 2024-08-31 08741653 core:WithinOneYear 2024-08-31 08741653 core:WithinOneYear 2023-08-31 08741653 core:ShareCapital 2024-08-31 08741653 core:ShareCapital 2023-08-31 08741653 core:RetainedEarningsAccumulatedLosses 2024-08-31 08741653 core:RetainedEarningsAccumulatedLosses 2023-08-31 08741653 bus:SmallEntities 2023-09-01 2024-08-31 08741653 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08741653 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08741653 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08741653 bus:FullAccounts 2023-09-01 2024-08-31 08741653 core:OfficeEquipment 2023-09-01 2024-08-31 08741653 core:OfficeEquipment 2024-08-31 08741653 core:OfficeEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 08741653
WAYNEWRITES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
WAYNEWRITES LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
566
1,344
CURRENT ASSETS
Cash at bank and in hand
2,064
1,047
CREDITORS: amounts falling due within one year
6
9,256
3,483
-------
-------
NET CURRENT LIABILITIES
7,192
2,436
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 6,626)
( 1,092)
-------
-------
NET LIABILITIES
( 6,626)
( 1,092)
-------
-------
CAPITAL AND RESERVES
Called up share capital fully paid
4
4
Profit and loss account
( 6,630)
( 1,096)
-------
-------
SHAREHOLDERS DEFICIT
( 6,626)
( 1,092)
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WAYNEWRITES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr W D Williams
Director
Company registration number: 08741653
WAYNEWRITES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Princes Avenue, Desborough, Kettering, NN14 2RQ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Equipment
-
33% straight line
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 September 2023 and 31 August 2024
5,752
-------
Depreciation
At 1 September 2023
4,408
Charge for the year
778
-------
At 31 August 2024
5,186
-------
Carrying amount
At 31 August 2024
566
-------
At 31 August 2023
1,344
-------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
150
1,050
Corporation tax
3,797
1,344
Other creditors
5,309
1,089
-------
-------
9,256
3,483
-------
-------
7. GOING CONCERN
The directors have considered the period to 31 May 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.