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Company registration number: 11438252
W6W Limited
Unaudited filleted financial statements
29 September 2024
W6W Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
W6W Limited
Directors and other information
Directors Mr A R J Wellock
Mr M T Wignall
Company number 11438252
Registered office Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Accountants Windle & Bowker Limited
Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
W6W Limited
Statement of financial position
29 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 10,947 12,919
_______ _______
10,947 12,919
Current assets
Stocks 44,786 42,038
Debtors 6 43,751 11,447
Cash at bank and in hand 240,708 386,690
_______ _______
329,245 440,175
Creditors: amounts falling due
within one year 7 ( 351,226) ( 347,633)
_______ _______
Net current (liabilities)/assets ( 21,981) 92,542
_______ _______
Total assets less current liabilities ( 11,034) 105,461
_______ _______
Net (liabilities)/assets ( 11,034) 105,461
_______ _______
Capital and reserves
Called up share capital 950 950
Profit and loss account ( 11,984) 104,511
_______ _______
Shareholders (deficit)/funds ( 11,034) 105,461
_______ _______
For the year ending 29 September 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.
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.
These financial statements were approved by the board of directors and authorised for issue on 14 June 2025 , and are signed on behalf of the board by:
Mr A R J Wellock
Director
Company registration number: 11438252
W6W Limited
Notes to the financial statements
Year ended 29 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Croft House, Station Road, Barnoldswick, Lancashire, BB18 5NA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Bar and restaurant income is recognised at the point of sale to the customer.Room income is recognised for the period to which the income relates.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are subsequently stated at cost less any accumulated depreciation and 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:
Plant and machinery - 15% reducing balance
Fittings fixtures and equipment - 15% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 43 (2023: 49 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 30 September 2023 and 29 September 2024 15,456 10,261 25,717
_______ _______ _______
Depreciation
At 30 September 2023 8,115 4,683 12,798
Charge for the year 1,101 871 1,972
_______ _______ _______
At 29 September 2024 9,216 5,554 14,770
_______ _______ _______
Carrying amount
At 29 September 2024 6,240 4,707 10,947
_______ _______ _______
At 29 September 2023 7,341 5,578 12,919
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 1,901 1,901
Other debtors 41,850 9,546
_______ _______
43,751 11,447
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 30,548 32,262
Corporation tax ( 27,022) 13,535
Social security and other taxes 117,800 69,088
Other creditors 229,900 232,748
_______ _______
351,226 347,633
_______ _______
8. Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £24,536, (2023 - £21,277).Contributions totalling £931 (2023 - £319) were payable to the fund at the year end, and are included in creditors: amounts falling due within one year.
9. Directors advances, credits and guarantees
Included in other debtors is a loan of £10,000 to Mr M T Wignall . The loan has been repaid since the year end.
10. Related party transactions
During the year the Company traded from premises owned by Wellock Estates Limited. Rent is charged at commercial rates 2024 £320,780 (2023 - £237,155). Wellock Estates Limited is controlled by Mr ARJ Wellock who also controls W6W Limited .
11. Controlling party
The company is controlled by the directors who, together with family members, are interested in 100% of the Company's issued share capital.