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REGISTERED NUMBER: 10817137 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Wascle Limited

Wascle Limited (Registered number: 10817137)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wascle Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J Ward





REGISTERED OFFICE: Fibrehub
Trevenson Lane
Redruth
Cornwall
TR15 3GF





REGISTERED NUMBER: 10817137 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Wascle Limited (Registered number: 10817137)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
CURRENT ASSETS
Debtors 4 5,029 6,558
Cash at bank 1,830 2,496
6,859 9,054
CREDITORS
Amounts falling due within one year 5 700 869
NET CURRENT ASSETS 6,159 8,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,159

8,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,059 8,085
SHAREHOLDERS' FUNDS 6,159 8,185

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

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

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 27 May 2025 and were signed by:





J Ward - Director


Wascle Limited (Registered number: 10817137)

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

1. STATUTORY INFORMATION

Wascle 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Amounts owed by group undertakings 4,951 6,321
Other debtors 78 237
5,029 6,558

Wascle Limited (Registered number: 10817137)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The amount owed by group undertakings shown above of £4,951 relates to a loan outstanding from the ultimate holding company 4WARD Group Ltd at 31st October 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security - 169
Other creditors 700 700
700 869

6. ULTIMATE CONTROLLING PARTY

The controlling party is 4WARD Group Ltd.