ACCOUNTS - Final Accounts

Registered number: 06623643

WILL WRITER LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

WILL WRITER LIMITED

REGISTERED NUMBER: 06623643

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	7,336		7,362
Cash at bank and in hand	6	11,245		28,184
		18,581		35,546
Creditors: amounts falling due within one year	7	(121,364)		(141,762)
Total assets less current liabilities			(102,783)		(106,216)
Creditors: amounts falling due after more than one year	8		(13,095)		(23,279)

Net liabilities			(115,878)		(129,495)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(116,878)	(130,495)
	(115,878)	(129,495)

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 income statement 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 on 11 September 2025.

H R Goodale

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

WILL WRITER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private limited by shares company incorporated in England. The Registered Office address is 4 Pembroke Road, Sevenoaks, Kent TN13 1XR. The place of business is 2 Fircroft Mews, Fircroft Business Centre, Fircroft Way, Edenbridge, Kent, TN8 6EN

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

Despite the accumulated trading losses the Director expects the company to continue trading for at least the next 12 months and the financial statements have been prepared on that basis.

2.3

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.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

WILL WRITER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Borrowing costs

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

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

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.

2.9

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.

2.10

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.

Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 17).

4.	Taxation

		2024	2023
		£	£



Total current tax	-	-

Page 3

WILL WRITER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.Taxation (continued)

Factors affecting tax charge for the year
The tax assessed for the year is lower than (2023 - lower than) the standard rate of corporation tax in the UK of 19% (2023 - 19%). The differences are explained below:
	2024	2023
	£	£

Profit/(loss) on ordinary activities before tax

13,225

(17,813)

Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)	2,513	(3,384)
Effects of:
Utilisation of tax losses	(2,513)	-
Unrelieved tax losses carried forward	-	3,384
Total tax charge for the year	-	-

Factors that may affect future tax charges

The company has trading losses of £226,581 available to set against future profits.

Debtors

					2024	2023
					£	£


Trade debtors	3,330	3,330
Other debtors	4,006	4,032
	7,336	7,362

6.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	11,245	28,184

Page 4

WILL WRITER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	10,186	9,932
Trade creditors	14,655	15,798
Other taxation and social security	32,139	31,090
Other creditors	61,734	82,442
Accruals and deferred income	2,650	2,500
	121,364	141,762

					2024	2023
					£	£

Other taxation and social security
PAYE/NI control	8,664	7,713
VAT control	23,475	23,377
	32,139	31,090

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Bank loans	13,095	23,279

Page 5

WILL WRITER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Loans
	Analysis of the maturity of loans is given below:
		2024	2023
		£	£

Amounts falling due within one year
Bank loans	10,186	9,932
Amounts falling due 1-2 years
Bank loans	10,444	10,183
Amounts falling due 2-5 years
Bank loans	2,651	13,096

	23,281	33,211

10.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,011 (2023 - £3,915).

11.	Related party transactions
	The director has provided working capital to the company of £61,064 (2023: £76,045) which is interest free and repayable on demand.

Page 6