WAX/ON LIMITED

WAX/ON LIMITED

WAX/ON LIMITED - Company Information

Print Friendly Version

1 January 2021 false No description of principal activity Taxfiler 2022.7.1 10954209business:PrivateLimitedCompanyLtd2021-01-012021-12-31 109542092020-12-31 109542092021-01-012021-12-31 10954209business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 10954209business:FullAccounts2021-01-012021-12-31 109542092021-12-31 10954209business:Director22021-01-012021-12-31 10954209business:Director32021-01-012021-12-31 10954209business:Director42021-01-012021-12-31 10954209business:RegisteredOffice2021-01-012021-12-31 109542092020-12-31 10954209core:WithinOneYear2021-12-31 10954209core:WithinOneYear2020-12-31 10954209core:AfterOneYear2021-12-31 10954209core:AfterOneYear2020-12-31 10954209core:ShareCapital2021-12-31 10954209core:ShareCapital2020-12-31 10954209core:CapitalRedemptionReserve2021-12-31 10954209core:CapitalRedemptionReserve2020-12-31 10954209core:CapitalContributionReserve2021-12-31 10954209core:CapitalContributionReserve2020-12-31 10954209core:RetainedEarningsAccumulatedLosses2021-12-31 10954209core:RetainedEarningsAccumulatedLosses2020-12-31 10954209business:SmallEntities2021-01-012021-12-31 10954209countries:EnglandWales2021-01-012021-12-31 10954209core:PlantMachinery2020-12-31 10954209core:ComputerEquipment2020-12-31 10954209core:PlantMachinery2021-01-012021-12-31 10954209core:ComputerEquipment2021-01-012021-12-31 10954209core:PlantMachinery2021-12-31 10954209core:ComputerEquipment2021-12-31 109542092020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10954209 (England and Wales)
WAX/ON LIMITED Unaudited accounts for the year ended 31 December 2021
WAX/ON LIMITED Unaudited accounts Contents
Page
- 2 -
WAX/ON LIMITED Company Information for the year ended 31 December 2021
Directors
Ben Hooper Paul Jacobs Mark Runacus
Company Number
10954209 (England and Wales)
Registered Office
The Ministry 79-81 Borough Road London SE1 1DN UK
- 3 -
WAX/ON LIMITED Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,273 
477 
Current assets
Debtors
5
303,807 
59,463 
Cash at bank and in hand
113,122 
257,469 
416,929 
316,932 
Creditors: amounts falling due within one year
6
(313,621)
(165,913)
Net current assets
103,308 
151,019 
Total assets less current liabilities
106,581 
151,496 
Creditors: amounts falling due after more than one year
7
(45,273)
(50,000)
Net assets
61,308 
101,496 
Capital and reserves
Called up share capital
885 
1,180 
Capital redemption reserve
295 
- 
Capital contribution reserve
40,000 
99,000 
Profit and loss account
20,128 
1,316 
Shareholders' funds
61,308 
101,496 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2022 and were signed on its behalf by
Paul Jacobs Director Company Registration No. 10954209
- 4 -
WAX/ON LIMITED Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
WAX/ON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10954209. The registered office is The Ministry, 79-81 Borough Road, London, SE1 1DN, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
- 
10,561 
10,561 
Additions
133 
3,851 
3,984 
At 31 December 2021
133 
14,412 
14,545 
Depreciation
At 1 January 2021
- 
10,084 
10,084 
Charge for the year
37 
1,151 
1,188 
At 31 December 2021
37 
11,235 
11,272 
Net book value
At 31 December 2021
96 
3,177 
3,273 
At 31 December 2020
- 
477 
477 
- 5 -
WAX/ON LIMITED Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
41,687 
35,019 
Accrued income and prepayments
262,120 
22,000 
Other debtors
- 
2,444 
303,807 
59,463 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
- 
411 
Trade creditors
9,619 
12,563 
Taxes and social security
48,770 
41,427 
Proposed dividends
7,000 
- 
Other creditors
22,088 
5,491 
Accruals
2,575 
64,081 
Deferred income
223,569 
41,940 
313,621 
165,913 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
45,273 
50,000 
8
Average number of employees
During the year the average number of employees was 6 (2020: 4).
- 6 -