Woohoo.co.uk Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC256216 (Scotland)

Woohoo.co.uk Limited

Unaudited Financial Statements

for the Year Ended 30 September 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Edwards

SECRETARY:

F J Edwards

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC256216 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

HSBC

76 Hanover Street

Edinburgh

EH2 1EL

FIXED ASSETS

Tangible assets

4

821

-

CURRENT ASSETS

Stocks

3,030

3,098

Debtors

5

6,065

6,808

Investments

6

942

1,919

Cash at bank

26,999

38,006

37,036

49,831

CREDITORS

Amounts falling due within one year

7

11,149

14,649

NET CURRENT ASSETS

25,887

35,182

TOTAL ASSETS LESS CURRENT LIABILITIES

26,708

35,182

PROVISIONS FOR LIABILITIES

156

36

NET ASSETS

26,552

35,146

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

(815

)

276

Retained earnings

8

27,267

34,770

SHAREHOLDERS' FUNDS

26,552

35,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 May 2019 and were signed by:

F Edwards - Director

1.	STATUTORY INFORMATION

Woohoo.co.uk Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition

Turnover represents net amounts invoiced for the provision of internet marketing and web design,

excluding value added tax. Revenue is recognised when the service has been provided to the

customers.

Stocks

Stock, being domain names are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and

subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

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

Contributions payable to the director's pension scheme are charged to the profit and loss account in

the period to which they relate.

Investments

Investments are stated at market value. Any revaluation gains or losses are recognised in the fair

value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 October 2017

977

Additions

1,095

Disposals

(264

)

At 30 September 2018

1,808

DEPRECIATION

At 1 October 2017

977

Charge for year

274

Eliminated on disposal

(264

)

At 30 September 2018

987

NET BOOK VALUE

At 30 September 2018

821

At 30 September 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

136

Prepayments and accrued income

6,065

6,672

6,065

6,808

6.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Digital cash

942

1,919

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Corporation tax

3,526

6,785

VAT

5,025

5,165

Director's current account

1,636

1,399

Accruals and deferred income

962

1,300

11,149

14,649

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 October 2017

34,770

276

35,046

Profit for the year

14,606

14,606

Dividends

(23,200

)

(23,200

)

Transfer

1,091

(1,091

)

-

At 30 September 2018

27,267

(815

)

26,452