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Registration number: 07863511

Wordsmiths Un Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Wordsmiths Un Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Wordsmiths Un Limited

(Registration number: 07863511)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

2,520

2,974

Current assets

 

Debtors

7

21,434

35,429

Cash at bank and in hand

 

19,441

34,844

 

40,875

70,273

Creditors: Amounts falling due within one year

8

(38,259)

(57,682)

Net current assets

 

2,616

12,591

Total assets less current liabilities

 

5,136

15,565

Creditors: Amounts falling due after more than one year

8

(4,388)

(9,537)

Provisions for liabilities

(479)

(565)

Net assets

 

269

5,463

Capital and reserves

 

Called up share capital

20

20

Retained earnings

249

5,443

Shareholders' funds

 

269

5,463

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:
 

Mrs L Turner
Director

   
     
 

Wordsmiths Un Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 21 August 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wordsmiths Un Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

 

Wordsmiths Un Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

1,078

1,094

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

10,000

10,000

At 31 March 2025

10,000

10,000

Amortisation

At 1 April 2024

10,000

10,000

At 31 March 2025

10,000

10,000

Carrying amount

At 31 March 2025

-

-

6

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 April 2024

5,835

5,835

Additions

624

624

At 31 March 2025

6,459

6,459

Depreciation

At 1 April 2024

2,861

2,861

Charge for the year

1,078

1,078

At 31 March 2025

3,939

3,939

Carrying amount

At 31 March 2025

2,520

2,520

At 31 March 2024

2,974

2,974

 

Wordsmiths Un Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

debtors

Current

2025
£

2024
£

Trade debtors

7,475

25,272

Prepayments

751

594

Other debtors

13,208

9,563

 

21,434

35,429

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

12,437

11,856

Trade creditors

 

345

5,176

Taxation and social security

 

15,629

30,992

Accruals and deferred income

 

9,804

9,477

Other creditors

 

44

181

 

38,259

57,682

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,149

5,021

Other borrowings

7,288

6,835

12,437

11,856

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

4,388

9,537