Company Registration No. 6752705 (England and Wales)
W.A.K. ENTERPRISE LIMITED
Unaudited accounts
for the year ended 30 November 2018
W.A.K. ENTERPRISE LIMITED
Unaudited accounts
Contents
W.A.K. ENTERPRISE LIMITED
Company Information
for the year ended 30 November 2018
Directors
Wahid Murtaza
Kabir Ahmed
Company Number
6752705 (England and Wales)
Registered Office
Unit 2a, Antler Complex
Bruntcliffe Way
Morley
West Yorkshire
LS27 0JG
Accountants
B Ram & Co
Anzeck Building
Florence Street
Bradford
BD3 8EX
W.A.K. ENTERPRISE LIMITED
Statement of financial position
as at 30 November 2018
Intangible assets
6,240
21,840
Tangible assets
14,573
3,771
Cash at bank and in hand
556,780
941,809
Creditors: amounts falling due within one year
(250,654)
(422,202)
Net current assets
417,747
583,243
Total assets less current liabilities
785,461
608,854
Provisions for liabilities
Other provisions
-
(85,000)
Net assets
785,461
523,854
Called up share capital
100
100
Profit and loss account
785,361
523,754
Shareholders' funds
785,461
523,854
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 August 2019.
Wahid Murtaza
Director
Company Registration No. 6752705
W.A.K. ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2018
W.A.K. ENTERPRISE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6752705. The registered office is Unit 2a, Antler Complex, Bruntcliffe Way, Morley, West Yorkshire, LS27 0JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
W.A.K. ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2018
4
Intangible fixed assets
Goodwill
At 30 November 2018
78,000
Charge for the year
15,600
At 30 November 2018
71,760
At 30 November 2017
21,840
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2017
3,328
-
4,885
8,213
Additions
-
10,623
4,221
14,844
At 30 November 2018
3,328
10,623
9,106
23,057
At 1 December 2017
1,456
-
2,986
4,442
Charge for the year
468
2,656
918
4,042
At 30 November 2018
1,924
2,656
3,904
8,484
At 30 November 2018
1,404
7,967
5,202
14,573
At 30 November 2017
1,872
-
1,899
3,771
6
Investments
Other investments
Valuation at 1 December 2017
-
Valuation at 30 November 2018
346,901
Finished goods
58,893
3,877
W.A.K. ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2018
Trade debtors
28,600
35,600
Other debtors
24,128
24,159
9
Creditors: amounts falling due within one year
2018
2017
Trade creditors
212,959
265,143
Taxes and social security
58,855
114,789
Loans from directors
(22,484)
9,499
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The overdrawn directors loan account has been repaid in full within 9 months of the balance sheet date.
Ultimate controlling party - Mayaisha Holdings Ltd, Company number 11147086
13
Average number of employees
During the year the average number of employees was 2 (2017: 3).
