Wulaweb Limited
Wulaweb Limited
Registered number: 08187826
Unaudited Financial Statements
For the Period 1 September 2019 to 11 May 2020
H&C Accountants Ltd
Suite 610
One Victoria Square
Birmingham
B1 1BD
Wulaweb Limited
Unaudited Financial Statements
For the Period 1 September 2019 to 11 May 2020
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Wulaweb Limited
Balance Sheet
As at
11 May 2020
Balance Sheet
Registered number:
08187826
For the period ending 11 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 11 May 2020 | 31 August 2019 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 17,446 | 14,996 | |||
Page 1
Wulaweb Limited
Balance Sheet (continued)
As at
11 May 2020
Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Wulaweb Limited
Notes to the Financial Statements
For the Period 1 September 2019 to 11 May 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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1.4.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.
Average Number of Employees
Average number of employees, including directors, during the year was 2.
Page 3
Wulaweb Limited
Notes to the Financial Statements (continued)
For the Period 1 September 2019 to 11 May 2020
3.
Tangible Assets
| Fixtures & Fittings | |
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| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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4.
Debtors
| 11 May 2020 | 31 August 2019 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| VAT |
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| Called up share capital not paid |
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5.
Creditors: Amounts Falling Due Within One Year
| 11 May 2020 | 31 August 2019 | ||
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| £ | £ | ||
| Other taxes and social security |
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| Other creditors |
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| Other creditors (1) |
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| Directors' loan accounts |
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Page 4
Wulaweb Limited
Notes to the Financial Statements (continued)
For the Period 1 September 2019 to 11 May 2020
6.
Creditors: Amounts Falling Due After More Than One Year
| 11 May 2020 | 31 August 2019 | ||
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| £ | £ | ||
| Directors loan account |
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8.
General Information
Wulaweb Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08187826 . The registered office is 4th Floor, GN House, 119 Holloway Head, Birmingham, B1 1QP.
Page 5