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

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

WOOHOO.CO.UK LIMITED - Company Information

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REGISTERED NUMBER: SC256216 (Scotland)




















Woohoo.co.uk Limited

Unaudited Financial Statements

for the Year Ended 30 September 2019





Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT








Woohoo.co.uk Limited (Registered number: SC256216)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woohoo.co.uk Limited

Company Information
for the Year Ended 30 September 2019







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
Page 1
Woohoo.co.uk Limited (Registered number: SC256216)

Balance Sheet
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 975 821

CURRENT ASSETS
Stocks 71 3,030
Debtors 5 4,345 6,065
Investments 6 1,778 942
Cash at bank 8,344 26,999
14,538 37,036
CREDITORS
Amounts falling due within one year 7 4,585 11,149
NET CURRENT ASSETS 9,953 25,887
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,928
26,708

PROVISIONS FOR LIABILITIES 185 156
NET ASSETS 10,743 26,552

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 21 (815 )
Retained earnings 10,622 27,267
SHAREHOLDERS' FUNDS 10,743 26,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 notes form part of these financial statements

Page 2 continued...
Woohoo.co.uk Limited (Registered number: SC256216)

Balance Sheet - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 August 2020 and
were signed by:





F Edwards - Director


The notes form part of these financial statements

Page 3
Woohoo.co.uk Limited (Registered number: SC256216)

Notes to the Financial Statements
for the Year Ended 30 September 2019

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.


Page 4 continued...
Woohoo.co.uk Limited (Registered number: SC256216)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

2. ACCOUNTING POLICIES - continued
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 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2018 1,808
Additions 570
At 30 September 2019 2,378
DEPRECIATION
At 1 October 2018 987
Charge for year 416
At 30 September 2019 1,403
NET BOOK VALUE
At 30 September 2019 975
At 30 September 2018 821

Page 5 continued...
Woohoo.co.uk Limited (Registered number: SC256216)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 2,802 -
Prepayments and accrued income 1,543 6,065
4,345 6,065

6. CURRENT ASSET INVESTMENTS
2019 2018
£    £   
Digital cash 1,778 942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Corporation tax 476 3,526
VAT 1,420 5,025
Director's current account 1,896 1,636
Accruals and deferred income 793 962
4,585 11,149

8. GOING CONCERN

The financial statements have been prepared on the going concern principle, which assumes that
the company will continue to trade for the foreseeable future. In order to do so the company will
require the continued support of its owners and directors.

The directors' going concern assessment includes the expected impact of COVID-19 to the company
for a period of at least 12 months from the date of signing of these financial statements.

Page 6