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REGISTERED NUMBER: 10901274 (England and Wales)











Financial Statements

for the Year Ended 31 August 2024

for

F2-WCR LIMITED

F2-WCR LIMITED (REGISTERED NUMBER: 10901274)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F2-WCR LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr B R Drakes





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10901274 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

F2-WCR LIMITED (REGISTERED NUMBER: 10901274)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 79,120 89,617

CURRENT ASSETS
Debtors 5 90,207 72,924
Cash at bank 621 5,073
90,828 77,997
CREDITORS
Amounts falling due within one year 6 82,659 58,044
NET CURRENT ASSETS 8,169 19,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,289

109,570

CREDITORS
Amounts falling due after more than one year 7 (66,698 ) (77,267 )

PROVISIONS FOR LIABILITIES 9 (19,780 ) (22,404 )
NET ASSETS 811 9,899

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 810 9,898
SHAREHOLDERS' FUNDS 811 9,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

F2-WCR LIMITED (REGISTERED NUMBER: 10901274)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2025 and were signed by:





Mr B R Drakes - Director


F2-WCR LIMITED (REGISTERED NUMBER: 10901274)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

F2-WCR Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

F2-WCR LIMITED (REGISTERED NUMBER: 10901274)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 5,704 100,998 11,973 118,675
Additions 15,467 - 1,501 16,968
At 31 August 2024 21,171 100,998 13,474 135,643
DEPRECIATION
At 1 September 2023 3,995 14,767 10,296 29,058
Charge for year 4,778 21,558 1,129 27,465
At 31 August 2024 8,773 36,325 11,425 56,523
NET BOOK VALUE
At 31 August 2024 12,398 64,673 2,049 79,120
At 31 August 2023 1,709 86,231 1,677 89,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 42,880 55,520
Other debtors 4,909 4,909
Directors' current accounts 40,880 11,777
Prepayments and accrued income 1,538 718
90,207 72,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 8) 8,364 8,364
Trade creditors 1,502 12
Tax 45,771 36,116
Social security and other taxes 113 (2 )
VAT 2,540 7,964
Other creditors 19,029 -
Accruals and deferred income 5,340 5,590
82,659 58,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 8) 16,403 19,916
Hire purchase contracts 50,295 57,351
66,698 77,267

F2-WCR LIMITED (REGISTERED NUMBER: 10901274)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,182 4,182
Bank loans - 1-2 year 4,182 4,182
8,364 8,364

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,403 19,916

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 19,780 22,404

Deferred
tax
£   
Balance at 1 September 2023 22,404
Provided during year (2,624 )
Balance at 31 August 2024 19,780

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 A Ordinary £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr B R Drakes
Balance outstanding at start of year 11,777 59,445
Amounts advanced 78,675 83,432
Amounts repaid (49,572 ) (131,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,880 11,777

F2-WCR LIMITED (REGISTERED NUMBER: 10901274)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

As at the balance sheet date, included in debtors due within one year is £40,880 (2023: £11,777) due and payable by the director. During the period interest was charged on the overdrawn loan account at 2.25%. This amount was repaid within 9 months of the year end.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B R Drakes.