Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true12023-10-01falseDesign services1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08204398 2023-10-01 2024-09-30 08204398 2022-10-01 2023-09-30 08204398 2024-09-30 08204398 2023-09-30 08204398 c:Director1 2023-10-01 2024-09-30 08204398 d:PlantMachinery 2023-10-01 2024-09-30 08204398 d:ComputerEquipment 2023-10-01 2024-09-30 08204398 d:ComputerEquipment 2024-09-30 08204398 d:ComputerEquipment 2023-09-30 08204398 d:CurrentFinancialInstruments 2024-09-30 08204398 d:CurrentFinancialInstruments 2023-09-30 08204398 d:Non-currentFinancialInstruments 2024-09-30 08204398 d:Non-currentFinancialInstruments 2023-09-30 08204398 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08204398 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08204398 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 08204398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 08204398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 08204398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 08204398 d:ShareCapital 2024-09-30 08204398 d:ShareCapital 2023-09-30 08204398 d:RetainedEarningsAccumulatedLosses 2024-09-30 08204398 d:RetainedEarningsAccumulatedLosses 2023-09-30 08204398 c:FRS102 2023-10-01 2024-09-30 08204398 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08204398 c:FullAccounts 2023-10-01 2024-09-30 08204398 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 08204398






W.A.F.S. LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










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W.A.F.S. LIMITED
REGISTERED NUMBER:08204398

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
4,404
66,693

Cash at bank and in hand
 6 
154
11,479

  
4,558
78,172

Creditors: amounts falling due within one year
 7 
(13,793)
(76,063)

Net current (liabilities)/assets
  
 
 
(9,235)
 
 
2,109

Total assets less current liabilities
  
(9,235)
2,109

Creditors: amounts falling due after more than one year
 8 
(3,667)
(7,668)

  

Net liabilities
  
(12,902)
(5,559)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(13,002)
(5,659)

  
(12,902)
(5,559)


Page 1

 
W.A.F.S. LIMITED
REGISTERED NUMBER:08204398
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C Wolseley Brinton
Director

Date: 23 June 2025

Page 2

 
W.A.F.S. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

W.A.F.S Ltd is a private company limited by shares, incorporated in England and Wales. The registered office is 32 - 38 East Street, Rochford, Essex SS4 1DB.
The principal activity of the company continued to be that of carpentry and joinery. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
W.A.F.S. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
5 year straight line
Computer equipment
-
3 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
W.A.F.S. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2023
940



At 30 September 2024

940



Depreciation


At 1 October 2023
940



At 30 September 2024

940



Net book value



At 30 September 2024
-



At 30 September 2023
-

Page 5

 
W.A.F.S. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
9,216

Other debtors
4,304
57,377

Called up share capital not paid
100
100

4,404
66,693



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
154
11,479

154
11,479



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,701
3,998

Trade creditors
1,578
53,401

Other taxation and social security
-
12,594

Other creditors
5,714
4,270

Accruals and deferred income
1,800
1,800

13,793
76,063



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,667
7,668

3,667
7,668


Page 6

 
W.A.F.S. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,701
3,998


4,701
3,998

Amounts falling due 1-2 years

Bank loans
3,667
7,668


3,667
7,668



8,368
11,666


 
Page 7