Wolf Franchise Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08692663 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Wolf Franchise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Entwistle

Mrs K E Entwistle

SECRETARY:

Mrs K E Entwistle

REGISTERED OFFICE:

Vale Mill

Vale Street

Breightmet

Bolton

BL2 6QF

REGISTERED NUMBER:

08692663 (England and Wales)

ACCOUNTANTS:

Haywoods

Kevan Pilling House

1 Myrtle Street

Bolton

Lancashire

BL1 3AH

FIXED ASSETS

Intangible assets

4

25,081

28,664

CURRENT ASSETS

Debtors

5

74,096

120,804

Cash at bank and in hand

8,115

222

82,211

121,026

CREDITORS

Amounts falling due within one year

6

(45,452

)

(64,474

)

NET CURRENT ASSETS

36,759

56,552

TOTAL ASSETS LESS CURRENT LIABILITIES

61,840

85,216

CREDITORS

Amounts falling due after more than one year

7

(190,231

)

(190,231

)

NET LIABILITIES

(128,391

)

(105,015

)

CAPITAL AND RESERVES

Called up share capital

200

3

Retained earnings

(128,591

)

(105,018

)

SHAREHOLDERS' FUNDS

(128,391

)

(105,015

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 31 July 2020 and were signed on its behalf by:

T P Entwistle - Director

1.	STATUTORY INFORMATION

Wolf Franchise Limited is a private company, limited by shares , registered in England and Wales. 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Brand costs are being amortised evenly over their estimated useful life of ten years.

Brand

Brand costs are being amortised over a period of 10 years from 1 November 2016

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2018

and 31 October 2019

35,830

AMORTISATION

At 1 November 2018

7,166

Charge for year

3,583

At 31 October 2019

10,749

NET BOOK VALUE

At 31 October 2019

25,081

At 31 October 2018

28,664

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

73,899

120,804

Other debtors

197

-

74,096

120,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

23,358

12,340

Taxation and social security

2,621

1,395

Other creditors

19,473

50,739

45,452

64,474

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

190,231

190,231