Company No: SC482615 (Scotland)

Contents

• Company Information
• Accountant's Report
• Balance Sheet
• Notes to the Unaudited Financial Statements

DIRECTORS	Colleen Kain
	Donna Louise Maver
REGISTERED OFFICE	Office 3 Badentoy Business Centre
	Portlethen
	AB12 4YD
	United Kingdom
COMPANY NUMBER	SC482615(Scotland)
ACCOUNTANT	Acumen Accountants & Advisors Limited
	Bankhead Drive
	City South Office Park
	Portlethen
	Aberdeen
	AB12 4XX

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wait For You Ltd for the financial year ended 30 June 2020 which comprises the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at _http://www.accaglobal.com/rulebook_.

It is your duty to ensure that Wait For You Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wait For You Ltd. You consider that Wait For You Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Wait For You Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Wait For You Ltd, as a body, in accordance with the terms of our engagement letter dated 03 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Wait For You Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at _http://www.accaglobal.com/factsheet163_. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wait For You Ltd and its Board of Directors as a body for our work or for this report.

Acumen Accountants & Advisors Limited
Accountants

Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX

29 March 2021

		30.06.2020		30.06.2019
	Note	£		£
Fixed assets
Intangible assets	3	442		590
		442		590
Current assets
Debtors	4	1,879		5,001
Cash at bank and in hand	5	2,360		( 499)
		4,239		4,502
Creditors
Amounts falling due within one year	6	( 3,090)		( 4,291)
Net current assets		1,149		211
Total assets less current liabilities		1,591		801
Net assets		1,591		801
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		1,589		799
Total shareholders' funds		1,591		801

For the financial year ending 30 June 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wait For You Ltd (registered number: SC482615) were approved and authorised for issue by the Board of Directors on 29 March 2021. They were signed on its behalf by:

Colleen Kain Director

Donna Louise Maver Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

Wait For You Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Office 3 Badentoy Business Centre, Portlethen, AB12 4YD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Wait For You Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Current tax
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.

Intangible assets

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Government Grants

Income in respect of the Job Retention Scheme is recognised in the period to which the underlying furloughed staff costs relate to.

.

2. Employees

	30.06.2020	30.06.2019
	Number	Number
Monthly average number of persons employed by the Company during the year, including directors	14	12

3. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 01 July 2019	738	738
At 30 June 2020	738	738
Accumulated amortisation
At 01 July 2019	148	148
Charge for the financial year	148	148
At 30 June 2020	296	296
Net book value
At 30 June 2020	442	442
At 30 June 2019	590	590

4. Debtors

	30.06.2020	30.06.2019
	£	£
Trade debtors	0	4,848
Amounts owed by associates	1,148	0
Other debtors	731	153
	1,879	5,001

5. Cash and cash equivalents

	30.06.2020	30.06.2019
	£	£
Cash at bank and in hand	2,360	( 499)
	2,360	(499)

6. Creditors: amounts falling due within one year

	30.06.2020	30.06.2019
	£	£
Trade creditors	85	0
Other creditors	2,278	4,231
Corporation tax	719	60
Other taxation and social security	8	0
	3,090	4,291

7. Called-up share capital and reserves

	30.06.2020	30.06.2019
	£	£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each (30.06.2019: 2 shares of £ 1.00 each)	2	2
	2	2

8. Related party transactions

Transactions with the entity's directors

	30.06.2019	30.06.2020
	£	£
As at 30 June 2020, there was a director's loan balance due to Colleen Kain from the company	(1,287)	(2,214)
As at 30 June 2020, there was a director's loan balance due to Donna Louise Maver from the company	(821)	153
The loans are interest free and have no fixed repayment date.	0	0

As at 30 June 2020, there is a balance of £574 due by DM Training Ltd, a company which is under same ownership.

As at 30 June 2020, there is a balance of £574 due by L C Consultancy Ltd, a company which is under same ownership.