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

Print Friendly Version

IRIS Accounts Production v21.1.6.35 SC256216 director 1.10.19 30.9.20 30.9.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2562162019-09-30SC2562162020-09-30SC2562162019-10-012020-09-30SC2562162018-09-30SC2562162018-10-012019-09-30SC2562162019-09-30SC256216ns16:Scotland2019-10-012020-09-30SC256216ns15:PoundSterling2019-10-012020-09-30SC256216ns11:Director12019-10-012020-09-30SC256216ns11:PrivateLimitedCompanyLtd2019-10-012020-09-30SC256216ns11:SmallEntities2019-10-012020-09-30SC256216ns11:AuditExemptWithAccountantsReport2019-10-012020-09-30SC256216ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-30SC256216ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-30SC256216ns11:FullAccounts2019-10-012020-09-30SC256216ns11:CompanySecretary12019-10-012020-09-30SC256216ns11:RegisteredOffice2019-10-012020-09-30SC256216ns6:CurrentFinancialInstruments2020-09-30SC256216ns6:CurrentFinancialInstruments2019-09-30SC256216ns6:ShareCapital2020-09-30SC256216ns6:ShareCapital2019-09-30SC256216ns6:FurtherSpecificReserve3ComponentTotalEquity2020-09-30SC256216ns6:FurtherSpecificReserve3ComponentTotalEquity2019-09-30SC256216ns6:RetainedEarningsAccumulatedLosses2020-09-30SC256216ns6:RetainedEarningsAccumulatedLosses2019-09-30SC256216ns6:PlantMachinery2019-10-012020-09-30SC256216ns6:PlantMachinery2019-09-30SC256216ns6:PlantMachinery2020-09-30SC256216ns6:PlantMachinery2019-09-30SC256216ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-09-30SC256216ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-09-30
REGISTERED NUMBER: SC256216 (Scotland)




















Woohoo.co.uk Limited

Unaudited Financial Statements

for the Year Ended 30 September 2020





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 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Woohoo.co.uk Limited

Company Information
for the Year Ended 30 September 2020







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 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 559 975

CURRENT ASSETS
Stocks 60 71
Debtors 5 78 4,345
Investments 6 2,339 1,778
Cash at bank 5,656 8,344
8,133 14,538
CREDITORS
Amounts falling due within one year 7 4,920 4,585
NET CURRENT ASSETS 3,213 9,953
TOTAL ASSETS LESS CURRENT LIABILITIES 3,772 10,928

PROVISIONS FOR LIABILITIES 248 185
NET ASSETS 3,524 10,743

The notes form part of these financial statements

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

Balance Sheet - continued
30 September 2020

2020 2019
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 606 21
Retained earnings 2,818 10,622
SHAREHOLDERS' FUNDS 3,524 10,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 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 14 June 2021 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 2020

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

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 2020

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2019
and 30 September 2020 2,378
DEPRECIATION
At 1 October 2019 1,403
Charge for year 416
At 30 September 2020 1,819
NET BOOK VALUE
At 30 September 2020 559
At 30 September 2019 975

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 78 2,802
Prepayments and accrued income - 1,543
78 4,345

6. CURRENT ASSET INVESTMENTS
2020 2019
£    £   
Digital cash 2,339 1,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Corporation tax 1,164 476
VAT - 1,420
Director's current account 2,156 1,896
Accruals and deferred income 1,600 793
4,920 4,585

Page 6
Woohoo.co.uk Limited

Report of the Accountants to the Director of
Woohoo.co.uk Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT


Date: .............................................

This page does not form part of the statutory financial statements

Page 7