Registered number
09675248
CWOI
Report and Accounts
31 July 2024
CWOI
Registered number: 09675248
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 640 2,466
Current assets
Debtors 4 816 3,178
Cash at bank and in hand 21,151 24,747
21,967 27,925
Creditors: amounts falling due within one year 5 (10,372) (12,756)
Net current assets 11,595 15,169
Net assets 12,235 17,635
Capital and reserves
Profit and loss account 12,235 17,635
Shareholders' funds 12,235 17,635
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Innocentia Chinyere Ezeh
Director
Approved by the board on 28 May 2025
CWOI
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 2,578
Disposals (675)
At 31 July 2024 1,903
Depreciation
At 1 August 2023 112
Charge for the year 1,649
On disposals (498)
At 31 July 2024 1,263
Net book value
At 31 July 2024 640
At 31 July 2023 2,466
4 Debtors 2024 2023
£ £
Trade debtors 816 3,178
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,309 2,079
Other creditors 9,063 10,677
10,372 12,756
6 Other information
CWOI is a private company limited by shares and incorporated in England. Its registered office is:
36 Elsham Gardens
Gorton
Manchester
M18 7DJ
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