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Company No: 14713347 (England and Wales)

WONDERMAKE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

WONDERMAKE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

WONDERMAKE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
WONDERMAKE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Tangible assets 3 255 125
255 125
Current assets
Stocks 936 936
Debtors 4 35,060 10,609
Cash at bank and in hand 62,409 28,755
98,405 40,300
Creditors: amounts falling due within one year 5 ( 55,368) ( 34,451)
Net current assets 43,037 5,849
Total assets less current liabilities 43,292 5,974
Net assets 43,292 5,974
Capital and reserves
Called-up share capital 6 6 4
Share premium account 998 0
Profit and loss account 42,288 5,970
Total shareholders' funds 43,292 5,974

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wondermake Ltd (registered number: 14713347) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S Bedingfield
Director
J A Gibson
Director
J P Gowen
Director

01 May 2025

WONDERMAKE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
WONDERMAKE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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 period, unless otherwise stated.

General information and basis of accounting

Wondermake Ltd (the Company) is a private company, limited by shares, 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 27 Old Gloucester St, Holborn, WC1N 3AX, 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 is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

Year ended
31.03.2025
Period from
07.03.2023 to
31.03.2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2024 166 166
Additions 176 176
At 31 March 2025 342 342
Accumulated depreciation
At 01 April 2024 41 41
Charge for the financial year 46 46
At 31 March 2025 87 87
Net book value
At 31 March 2025 255 255
At 31 March 2024 125 125

4. Debtors

31.03.2025 31.03.2024
£ £
Trade debtors 34,910 10,458
Prepayments 150 151
35,060 10,609

5. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Amounts owed to directors 1,141 196
Accruals and deferred income 6,887 3,013
Corporation tax 38,854 25,827
Other taxation and social security 8,486 5,415
55,368 34,451

6. Called-up share capital

31.03.2025 31.03.2024
£ £
Allotted, called-up and fully-paid
600 Ordinary shares of £ 0.01 each (31.03.2024: 400 shares of £ 0.01 each) 6 4

200 additional Ordinary shares issued during the period at a nominal value of £0.01 each.