Raise The Baa Ltd - Period Ending 2022-02-28

Raise The Baa Ltd
trading as EweMove Wymondham

Contents

 

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Raise The Baa Ltd
trading as EweMove Wymondham

Registration number: 12439206

Balance Sheet as at 28 February 2022

	Note	2022 £	2021 £
Fixed assets
Intangible assets	4	7,196	8,995
Tangible assets	5	1,110	-
		8,306	8,995
Current assets
Debtors	6	6,803	656
Cash at bank and in hand		2,481	1,735
		9,284	2,391
Creditors: Amounts falling due within one year	7	(19,025)	(28,519)
Net current liabilities		(9,741)	(26,128)
Total assets less current liabilities		(1,435)	(17,133)
Provisions for liabilities		(69)	-
Net liabilities		(1,504)	(17,133)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(1,505)	(17,134)
Total equity		(1,504)	(17,133)

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

Raise The Baa Ltd
trading as EweMove Wymondham

Registration number: 12439206

Balance Sheet as at 28 February 2022 (continued)

For the financial year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 November 2022
 

R M Mills Director

Raise The Baa Ltd
trading as EweMove Wymondham

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Town Green
Wymondham
Norfolk
NR18 0PW
United Kingdom

These financial statements were authorised for issue by the director on 30 November 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Raise The Baa Ltd
trading as EweMove Wymondham

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	20% reducing balance

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

Raise The Baa Ltd
trading as EweMove Wymondham

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 March 2021	8,995	8,995
At 28 February 2022	8,995	8,995
Amortisation
Amortisation charge	1,799	1,799
At 28 February 2022	1,799	1,799
Carrying amount
At 28 February 2022	7,196	7,196
At 28 February 2021	8,995	8,995

Raise The Baa Ltd
trading as EweMove Wymondham

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	1,388	1,388
At 28 February 2022	1,388	1,388
Depreciation
Charge for the year	278	278
At 28 February 2022	278	278
Carrying amount
At 28 February 2022	1,110	1,110

6

Debtors

Current	2022 £	2021 £
Trade debtors	6,803	655
Other debtors	-	1
	6,803	656

Raise The Baa Ltd
trading as EweMove Wymondham

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Directors loan account		5,527	25,518
Taxation and social security		4,203	247
Other creditors		9,295	2,754
		19,025	28,519

8	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1