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REGISTERED NUMBER: 12554796 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th September 2024

for

Waffles & Stuff Limited

Waffles & Stuff Limited (Registered number: 12554796)

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waffles & Stuff Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mrs C M Ekins
I Husarik





REGISTERED OFFICE: 14 Westdene
Summerhouse Road
Godalming
Surrey
GU7 1QL





REGISTERED NUMBER: 12554796 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Waffles & Stuff Limited (Registered number: 12554796)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,442 16,389

CURRENT ASSETS
Debtors 6 18,382 12,633

CREDITORS
Amounts falling due within one year 7 81,292 57,872
NET CURRENT LIABILITIES (62,910 ) (45,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,468

)

(28,850

)

PROVISIONS FOR LIABILITIES - 1,119
NET LIABILITIES (50,468 ) (29,969 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (50,568 ) (30,069 )
SHAREHOLDERS' FUNDS (50,468 ) (29,969 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Waffles & Stuff Limited (Registered number: 12554796)

Balance Sheet - continued
30th September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2025 and were signed on its behalf by:





Mrs C M Ekins - Director


Waffles & Stuff Limited (Registered number: 12554796)

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. STATUTORY INFORMATION

Waffles & Stuff 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

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.

Waffles & Stuff Limited (Registered number: 12554796)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable 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 profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position 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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Going concern
The company has net liabilities and has traded with the support of its directors. The directors have confirmed their intention to continue to support the company, as required, and they therefore consider it appropriate to prepare the financial statements on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Waffles & Stuff Limited (Registered number: 12554796)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st October 2023 12,704 13,997 26,701
Additions 200 - 200
At 30th September 2024 12,904 13,997 26,901
DEPRECIATION
At 1st October 2023 6,814 3,498 10,312
Charge for year 1,523 2,624 4,147
At 30th September 2024 8,337 6,122 14,459
NET BOOK VALUE
At 30th September 2024 4,567 7,875 12,442
At 30th September 2023 5,890 10,499 16,389

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,382 12,633

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,250 25,630
Trade creditors 3,619 4,443
Taxation and social security 21,890 15,781
Other creditors 49,533 12,018
81,292 57,872

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 34,448 34,448
Between one and five years 63,217 97,665
97,665 132,113

Waffles & Stuff Limited (Registered number: 12554796)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
I Husarik
Balance outstanding at start of year 686 3,383
Amounts repaid (12,993 ) (2,697 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,307 ) 686

Mrs C M Ekins
Balance outstanding at start of year (11,155 ) 3,385
Amounts repaid (12,993 ) (14,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,148 ) (11,155 )