2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 11,490 6,078 812 6,890 4,600 5,412 xbrli:pure xbrli:shares iso4217:GBP 07364298 2023-10-01 2024-09-30 07364298 2024-09-30 07364298 2023-09-30 07364298 2022-10-01 2023-09-30 07364298 2023-09-30 07364298 2022-09-30 07364298 bus:Director1 2023-10-01 2024-09-30 07364298 core:WithinOneYear 2024-09-30 07364298 core:WithinOneYear 2023-09-30 07364298 core:ShareCapital 2024-09-30 07364298 core:ShareCapital 2023-09-30 07364298 core:RetainedEarningsAccumulatedLosses 2024-09-30 07364298 core:RetainedEarningsAccumulatedLosses 2023-09-30 07364298 bus:SmallEntities 2023-10-01 2024-09-30 07364298 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07364298 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07364298 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07364298 bus:FullAccounts 2023-10-01 2024-09-30 07364298 core:OfficeEquipment 2023-10-01 2024-09-30 07364298 core:OfficeEquipment 2024-09-30 07364298 core:OfficeEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 07364298
WKI LIMITED
Filleted Unaudited Financial Statements
30 September 2024
WKI LIMITED
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
4,600
5,412
Current assets
Debtors
6
6,000
6,000
Cash at bank and in hand
29,095
30,274
--------
--------
35,095
36,274
Creditors: amounts falling due within one year
7
39,486
41,527
--------
--------
Net current liabilities
4,391
5,253
-------
-------
Total assets less current liabilities
209
159
----
----
Net assets
209
159
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
109
59
----
----
Shareholders funds
209
159
----
----
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.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WKI LIMITED
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
W Knight
Director
Company registration number: 07364298
WKI LIMITED
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 124 City Road, London, EC1V 2NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Equipment
-
15% reducing balance
Impairment of fixed assets
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2023 and 30 September 2024
11,490
11,490
--------
--------
Depreciation
At 1 October 2023
6,078
6,078
Charge for the year
812
812
--------
--------
At 30 September 2024
6,890
6,890
--------
--------
Carrying amount
At 30 September 2024
4,600
4,600
--------
--------
At 30 September 2023
5,412
5,412
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
6,000
6,000
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,374
2,254
Corporation tax
37,112
39,273
--------
--------
39,486
41,527
--------
--------